Investing in Artificial Intelligence (AI); Making Lives Safer, More Convenient
Point Roberts, WA - January 29, 2018 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading technology sectors including Artificial Intelligence (AI) reports on new developments, studies and research resources for investors and consumers to understand and embrace what's next in this evolving technology.
Companies mentioned include Gopher Protocol Inc. (OTCQB: GOPH), Intel (NASDAQ: INTC) and Alphabet Inc. (GOOG), (GOOGL); all using AI to make our lives safer and more convenient.
According to a report last year by Grand View Research, Inc., the global artificial intelligence market is expected to reach just under USD 36 billion by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58.9 billion by 2025 from its enabled revenue arenas.
Money is pouring into the sector according to a recent report from KPMG noting, "Artificial intelligence and machine learning saw a massive $4.1 billion in investment in Q4 '17, compared to $3.1 billion in Q3 '17."*
But to invest in the sector or buy products as a consumer, education is key to eliminate the fear of machine learning and robots.
A great resource to track, evaluate and understand AI is 'The Stanford 100 Year Study on AI'. The AI Index is an initiative to track, collate, distill and visualize data relating to artificial intelligence. https://aiindex.org/ (2017 report PDF: http://cdn.aiindex.org/2017-report.pdf)
An excerpt from the full report from Daniela Rus, Massachusetts Institute of Technology, in a note, 'AI, a Vector for Positive Change', explains it on a simple personal level of what to expect next and how AI technology can be embraced and not feared.
“On a global scale, AI will help us generate better insights into addressing some of our biggest challenges: understanding climate change by collecting and analyzing data from vast wireless sensor networks that monitor the oceans, the greenhouse climate, and the plant condition; improving governance by data-driven decision making; eliminating hunger by monitoring, matching and re-routing supply and demand, and predicting and responding to natural disasters using cyber-physical sensors. It will help us democratize education through MOOC offerings that are adaptive to student progress, and ensure that every child gets access to the skills needed to get a good job and build a great life. It may even help those kids turn their childhood dreams into reality, as Iron Man stops being a comic book character and becomes a technological possibility.
On a local scale, AI will offer opportunities to make our lives safer, more convenient, and more satisfying. That means automated cars that can drive us to and from work, or prevent life-threatening accidents when our teenagers are at the wheel. It means customized healthcare, built using knowledge gleaned from enormous amounts of data. And counter to common knowledge, it means more satisfying jobs, not less, as the productivity gains from AI and robotics free us up from monotonous tasks and let us focus on the creative, social, and high-end tasks that computers are incapable of."
Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH), a company incorporating AI technology into its Guardian ORB Pet Tracker to keep pets safe, recently told Investor Ideas, "We are very excited that this week is the official launch our Indiegogo (https://www.indiegogo.com/) campaign for our proprietary pet tracking device. The main purpose of our product is to create ease of mind for pet owners, knowing they can track their pets on a 24/7 basis. The technology can track patterns and routines and immediately notify pet owners if something is out of the pet's normal range."
He also went on to talk about the bigger picture for AI and advanced technology within the company. "As the first product, the Guardian ORB, is entering its commercial stage, we are also working in parallel on the second stage of Guardian Tracking technology; a full-duplex, private, secured, MESH network. The Guardian ORB system already includes an initial MESH approach by enabling exponentially extended coverage by Gopher gateway units. Each gateway unit is capable of receiving any mobile unit GEO transmission in its vicinity and transmitting it to its user's mobile app. In this way, as many gateways are sold, the reception coverage is automatically expanding, creating virtually unlimited PRIVATE coverage."
"Gopher's second stage will enable a secured MESH network between mobile units, in addition to their gateways units, expanding a private, secured network worldwide. The second generation system will include the newest RF and micro-processing technology. As Gopher continues to evolve our IoT technology (based on GopherInsight™ technology), we are constantly adding more segments to the private, secured infrastructure, to ultimately create a worldwide, GopherNET network for global overage. Once and if achieved, this will open "the world" for Gopher and its GopherNET members."
Intel (NASDAQ: INTC), one of the leaders in AI says, "Bringing artificial intelligence to the edge opens exciting new innovations across our lives, from personal safety and transportation to sports and entertainment. Critical to these innovations is the real-time understanding of the world around us. We see this with security cameras, drones and cell phones, and it will offer the foundation for autonomous driving's future. These devices collect visual data - images and video - and analyze it for fast insights."
At the 2018 International Consumer Electronic Show (CES) in Las Vegas, Intel CEO Brian Krzanich announced a three-year partnership with Ferrari North America that will bring the power of artificial intelligence to the Ferrari Challenge North America Series, one of three geographically diverse championship series. Beginning this year, race broadcasts will use Intel artificial intelligence technologies including the Intel® Xeon® Scalable platform and the neon™ Framework to enhance the motorsports experience for spectators and illustrate the potential of artificial intelligence for transforming the future of motorsports.
Human analysts are creatures of habit - they check the same handful of metrics over and over, which is further limited by time. Artificial intelligence can automatically recognize and identify subtle variations that may go unnoticed by a human analyst.
In addition to the partnership with Ferrari North America, Intel made several other announcements that showcase how the company is leveraging data to drive innovation. This includes substantial new details on Intel's autonomous vehicle platform as well as new advancements in virtual reality (VR) and other forms of immersive media.
Another innovator in the sector Alphabet Inc. (GOOG), (GOOGL), explains its diverse entrenchment in AI technology on a personal note, "Our mission is to organize the world's information and make it universally accessible and useful, and AI is enabling us to do that in incredible new ways - solving problems for our users, our customers, and the world.
AI makes it easier for you to do things every day, whether it's searching for photos of people you love, breaking down language barriers, or helping you get things done with your own personal digital assistant. But it's also providing us with new ways of looking at old problems and helping transform how we work and live, and we think the biggest impact will come when everyone can access it." https://ai.google/
The take-away is that AI is here and growing exponentially and entering most aspects of our day-to-day lives and the only way to embrace it is to educate ourselves along the way.