PALM BEACH, Florida, May 31, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
As artificial intelligence (AI) technologies and platforms become integral to advanced operations in nearly every industry, blockchain is inserting itself as a means to enhance AI applications in both form and function. Blockchain has the potential to allow AI technologies to become more collaborative in nature and therefore increase their operating efficiency. Additionally, the potential for bolstered revenue streams is also apparent, as blockchain is projected to grow to $20 billion by 2024 according to Transparency Market Research and the Grand View Research projects the AI market will be worth more than $35 billion by 2025. As previously noted, leaders in the AI landscape are turning to blockchain to finetune various applications. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Overstock.com Inc. (NASDAQ:OSTK), Xunlei Limited (NASDAQ:XNET), Pareteum Corporation (NYSE:TEUM), NVIDIA Corporation (NASDAQ:NVDA).
Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, formed a joint venture with the formation of a limited liability company, Gopher Protocol Costa Rica Sociedad De Responabilidad Limitada ("Gopher CR"), in Costa Rica with the Lara Group with both parties owning 50% of Gopher CR, which will be managed by Mauricio Lara Ramos, Esq. Gopher CR intends to invest and develop AI-BlockChain assets or businesses in Latin America with initial efforts focused on smart contracts.
"I am looking forward to working with Gopher and using their technological resources, intellectual property and financial backing to find new solutions for the underserved and under-banked markets of Latin America that represent an approximate market of 250 million people. The applications for blockchain solutions are unlimited and I look forward to combining local assets with the Gopher's platform to potentially create new revenue streams for Gopher CR" stated Mr. Lara. Read this and more news for GOPH at http://www.marketnewsupdates.com/news/goph.html
Other recent and current developments in the tech industry include:
Overstock.com Inc. (NASDAQ:OSTK) finished Wednesday up 1.35% with a volume north of 1.3 million. The company also announced it has been selected to deliver a keynote address during the world's largest Apache Spark event, the Spark + AI Summit taking place in San Francisco from June 4-6. Chris Robison, lead data scientist at Overstock, has been instrumental in building the leading artificial intelligence and machine learning technologies to achieve real-time personalization at Overstock. He will present on martech innovations in building a successful marketing technology infrastructure for instantaneous individualized marketing experiences. "I'm honored to showcase our team's work at the Spark + AI Summit," said Robison., "Our team is filled with some of the industry's leading minds, focused on creating cutting-edge technology. What we have built, with tools like Databricks, brings millisecond speeds to personalization." Robison is part of a keynote speaker lineup that features presenters from companies at the cutting-edge of technology.
Xunlei Limited (NASDAQ:XNET) recently announced it has launched StellarCloud and ThunderChain Open Platform to build a blockchain ecosystem in a product introduction ceremony held in Beijing on May 16, 2018. The StellarCloud is a shared cloud computing platform which will expand Xunlei's existing Content Delivery Network (CDN) services to Infrastructure as a Service (IaaS). It also offers edge computing, function computing and shared CDN (SCDN) solutions. The StellarCloud is created to help companies in their transition to cloud, including content delivery, live streaming, data storage and artificial intelligence (AI). During the ceremony, iQIYI (Nasdaq: IQ), an innovative market-leading online entertainment service in China, entered into a strategic cooperation agreement with Xunlei with respect to the StellarCloud. The ThunderChain is a high-performance blockchain infrastructure that can concurrently process over a million transactions per second (TPS). Now with the ThunderChain Open Platform, third-party developers and companies, especially start-ups, can easily build, migrate and manage decentralized applications (DApps) with low operating costs.
Pareteum Corporation (NYSE:TEUM) recently announced an established Global Mobile Virtual Network Operator (MVNO) has chosen Pareteum's Global Cloud Service Platform (GCSP), a single-source solution, to launch their new European-based MVNO. The 3-year agreement will add $8 million in revenue beginning end of 2018. The Global Enterprise customer will use Pareteum's GCSP to expand their business and grow revenue from a new European based MVNO. Their 100 thousand existing customers will be moved to the Pareteum GCSP as soon as the project launch is complete, enabling the MVNO to offer more options for secure and reliable connectivity for voice, data and SMS. "Pareteum redefines the industry standard by coloring outside the lines. Marketing companies seek mastery and innovation when it comes to superior subscriber experience. Recognizing this need, Pareteum designed an Insight Engine that uses Predictive Analytics to allow marketing companies better management of subscribers and their experience, irrespective of network," commented Vic Bozzo, Chief Executive Officer of Pareteum.
NVIDIA Corporation (NASDAQ:NVDA) recently announced NVIDIA HGX-2™, the first unified computing platform for both artificial intelligence and high-performance computing. The HGX-2 cloud server platform, with multi-precision computing capabilities, provides unique flexibility to support the future of computing. It allows high-precision calculations using FP64 and FP32 for scientific computing and simulations, while also enabling FP16 and Int8 for AI training and inference. This unprecedented versatility meets the requirements of the growing number of applications that combine HPC with AI. A number of leading computer makers today shared plans to bring to market systems based on the NVIDIA HGX-2 platform. "The world of computing has changed," said Jensen Huang, founder and chief executive officer of NVIDIA, speaking at the GPU Technology Conference Taiwan, which kicked off today. "CPU scaling has slowed at a time when computing demand is skyrocketing. NVIDIA's HGX-2 with Tensor Core GPUs gives the industry a powerful, versatile computing platform that fuses HPC and AI to solve the world's grand challenges."
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