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Top 5 Deep Learning and AI Stories - July 25, 2019

Read this week's top 5 news updates in deep learning and AI: a new study shows 1 in 4 companies will fail at 50% of their AI projects, Microsoft invests in artificial general intelligence, AI/ML is top of mind for corporate executives, Walmart and NVIDIA are transforming retail with AI, and the top 45 AI companies.

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Top 5 Deep Learning and AI Stories - July 25, 2019

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  1. DEEP LEARNING TOP 5 INSIGHTS INTO THE NEW COMPUTING MODEL

  2. DEEP LEARNING IS THE FASTEST-GROWING FIELD IN ARTIFICIAL INTELLIGENCE (AI) 2

  3. TOP 5 1. IDC: For 1 in 4 Companies, Half of All AI Projects Fail 2. Microsoft Invests $1 Billion in OpenAI to Pursue Holy Grail of Artificial Intelligence 3. Why AI/ML is Top of Mind with Corporate Executives 4. Walmart, NVIDIA Discuss How They’re Working to Transform Retail 5. Top 45 Artificial Intelligence Companies 3

  4. #1 IDC: FOR 1 IN 4 COMPANIES, HALF OF ALL AI PROJECTS FAIL IDC’s Artificial Intelligence Global Adoption Trends & Strategies report summarized the results of a May 2019 survey. “Organizations that embrace AI will drive better customer engagements and have accelerated rates of innovation, higher competitiveness, higher margins, and productive employees,” said IDC Artificial Intelligence Strategies vice president Ritu Jyoti. “Organizations worldwide must evaluate their vision and transform their people, processes, technology, and data readiness to unleash the power of AI and thrive in the digital era. ” “[…] as AI accelerates toward the mainstream, organizations will need to have an effective AI strategy aligned with business goals and innovative business models to thrive in the digital era.” READ ARTICLE SOURCE: https://venturebeat.com/2019/07/08/idc-for-1-in-4-companies-half-of-all-ai-projects-fail/ 4

  5. #2 MICROSOFT INVESTS $1 BILLION IN OPENAI TO PURSUE HOLY GRAIL OF ARTIFICIAL INTELLIGENCE Microsoft will be investing a billion dollars into Silicon Valley startup OpenAI to create artificial general intelligence. “Microsoft is investing $1 billion in OpenAI, a San Francisco-based research lab founded by Silicon Valley luminaries, including Elon Musk and Sam Altman, that’s dedicated to creating artificial general intelligence (AGI). The investment will make Microsoft the “exclusive” provider of cloud computing services to OpenAI, and the two companies will work together to develop new technologies. OpenAI will also license some of its tech to Microsoft to commercialize, though when this may happen and what tech will be involved has yet to be announced.” READ ARTICLE SOURCE: https://www.theverge.com/2019/7/22/20703578/microsoft-openai-investment-partnership-1-billion-azure-artificial-general-intelligence-agi 5

  6. #3 WHY AI/ML IS TOP OF MIND WITH CORPORATE EXECUTIVES Learn why artificial intelligence and machine learning are so high on corporate executive’s priority lists. “From around every corner, from behind every door and through every window our lives are being disrupted by artificial intelligence with embedded machine learning. The escalation and widespread global availability of AI/ML solutions in every possible emergent embryotic product has triggered it as the 'top of mind' blueprint with the majority of global corporate executives with many retail and healthcare Executives as early adopters.” READ ARTICLE SOURCE: https://www.cio.com/article/3411057/why-ai-ml-is-top-of-mind-with-corporate-executives.html 6

  7. #4 WALMART, NVIDIA DISCUSS HOW THEY’RE WORKING TO TRANSFORM RETAIL At VentureBeat Transform, Walmart CDO Bill Groves discussed Walmart’s machine learning ecosystem: “The paradigm has flipped, now we have things available to us that we never had,” Groves said in a conversation with Josh Patterson, NVIDIA’s general manager for data science, noting that, in the past, data scientists didn’t have access to the computing power to put ideas like neural networks to work.” “GPUs are going to make technologies like that available to us and we’re going to solve a lot of problems,” he added. READ ARTICLE SOURCE: https://blogs.nvidia.com/blog/2019/07/11/walmart-nvidia/ 7

  8. #5 TOP 45 ARTIFICIAL INTELLIGENCE COMPANIES These artificial intelligence companies are advancing technology through myriad developments of AI systems. “Artificial intelligence has exploded in the past few years, with dozens of AI startups and major AI initiatives by big name firms alike. The New York Times estimates there are 45 AI firms working on chips alone, not to mention the dozens of AI software companies working on machine learning, deep learning and AI projects.” READ ARTICLE SOURCE: https://www.datamation.com/artificial-intelligence/top-artificial-intelligence-companies.html 8

  9. SEE HOW AI IS DRIVING INNOVATION IN BUSINESS SEE THE RESULTS

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