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AI Eye Episode 422: IBM (NYSE: $IBM) Partners with USTA for AI Digital Fan Experiences and KT Corporation (NYSE: $KT) Leverages AI in New National Electricity Management Center in Uzbekistan

 

Point Roberts, WA and Vancouver, BC - August 31, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Episode 422: IBM (NYSE: $IBM) Partners with USTA for AI Digital Fan Experiences and KT Corporation (NYSE: $KT) Leverages AI in New National Electricity Management Center in Uzbekistan

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:IBM) (NYSE:KT)

IBM (NYSE:IBM) is leveraging AI and hybrid cloud technologies to develop three unique and new tennis-based digital experiences in partnership with the United States Tennis Association (USTA). Specifically, the solutions were developed by digital design agency IBM iX, and include: Open Questions with Watson Discovery, Match Insights with Watson Discovery, and AI Sounds. According to the press release, they combine to "enable millions of fans around the world to experience the excitement and vibrant debate surrounding the iconic tennis Grand Slam, the first ever without fans on-site." Noah Syken, Vice President of Sports & Entertainment Partnerships, IBM, explained:

"COVID-19 brought disruption to sports as a whole, and the ability of fans to experience live sporting events has been heavily impacted in 2020. At the same time, the pandemic accelerated the need for engaging technologies using AI and underpinned by a scalable hybrid cloud. As the technology partner to the USTA, we transformed our offerings to meet tennis fans where they are this year - experiencing the sport through the US Open digital properties everywhere."

South Korean telecom giant KT Corporation (NYSE:KT) has built a national data center to manage and remote control electricity service for Uzbekistan. Leveraging AI-based analyses of Big Data on smart meters, the data center "will introduce time-of-use pricing, a measure designed to disperse on-peak demand to off-peak hours," enabling users "to monitor their power consumption and billing at an online site in real time." Park Yoon-Young, president of KT's Enterprise Business Group, said:

"KT's Uzbekistan project is part of the global business expansion of its AMI (Advanced Metering Infrastructure) Energy Platform and latest AI (Artificial Intelligence) and Big Data-based technologies. Following its success in Uzbekistan, KT plans to expand its smart energy business to other nations across Central Asia."

White House Announces $1 Billion in Investments into AI, QIS, 5G etc...

The White House recently announced plans to invest $1 billion into "industries of the future," which includes "artificial intelligence (AI), quantum information science (QIS), 5G communications, and other key emerging technologies." Specifically, this will take the form of $1 billion in awards for the establishment of 12 new AI and QIS R&D institutes in the country. An excerpt reads:

These collaborative research and education institutes will focus on a range of AI R&D areas, such as machine-learning, synthetic manufacturing, precision agriculture, and forecasting prediction.

A further excerpt reads:

The establishment of these new national AI and QIS institutes will not only accelerate discovery and innovation, but will also promote job creation and workforce development.

Sam Mowers, Investorideas.com

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