PALM BEACH, Florida, September 25, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
As businesses and consumers alike continue to embrace artificial intelligence (AI), the opportunity for growth has been prominent for tech leaders dabbling in the various forms of AI technologies. One of these platforms that continue to reap the benefits of AI is that of the Internet of Things (IoT), which has essentially become reliant on AI in order to advance and become a very powerful technology. In a nutshell, the two technologies are a perfect pair to influence each other's growth. According to data by Bank of America, the AI market is projected to grow north of $150 billion by 2020 with increased adoption rates. Much of this growth can be attributed to the advancement of IoT platforms. In addition to generating bolstered levels of revenue, AI and IoT also combine to provide cost savings for companies using the platforms, leading to another appealing factor in this space.. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), International Business Machines Corporation (NYSE:IBM), NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), Pareteum Corporation (NYSE:TEUM).
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, including a global platform with both mobile and fixed solutions, announced today its participation at Swiss Growth Forum Event at Aretsky's Patroon in New York City on Tuesday, September 18, and released its interview with Jon Najarian from the NASDAQ MarketSite.
Douglas Davis (CEO) attended and made a brief presentation in the event which was co-hosted by Andreea Porcelli, CEO of Swiss Growth Forum, and renowned CNBC personality Jon Najarian of Najarian Family Office. For those interested in viewing the interview - https://youtu.be/mkn7Y8Gznv0 Read this and more news for GOPH at http://www.marketnewsupdates.com/news/goph.html
Other recent developments in the tech industry include:
NVIDIA Corporation (NASDAQ:NVDA) recently announced the global availability of the Jetson™ AGX Xavier™ developer kit, with industrial and manufacturing leaders in Japan among the first to begin utilizing the new system. Speaking at the GPU Technology Conference in Japan, NVIDIA founder and CEO Jensen Huang announced that FANUC, Komatsu, Musashi Seimitsu and Kawada Technologies will adopt Jetson AGX Xavier in their next-generation autonomous machines. "Japan is driving the world of robotics in numerous industries - from factory automation to construction to manufacturing," said Deepu Talla, vice president and general manager of Autonomous Machines at NVIDIA. "The country's most important companies in this space are adopting Jetson AGX Xavier to usher in a new era of robotics."
Microsoft Corporation (NASDAQ:MSFT) - Earlier this week at Ignite 2018, Microsoft Corp.'s annual IT event, the company underscored the need for increased IT security and released an array of security programs and products. Among them are Microsoft Secure Score, a dynamic report card that assesses Microsoft 365 customer environments and makes recommendations that can reduce breaches up to thirtyfold, and Microsoft Authenticator, which helps make secure sign-on easier for workers with features like password-free login. The company also advanced its commitment to democratize access to AI through a new AI for Humanitarian Action program aimed at harnessing the power of AI for disaster recovery, helping children, protecting refugees and displaced people, and promoting respect for human rights. "In this era of the intelligent cloud and intelligent edge, businesses in every industry are looking for a trusted partner to help them transform," said Satya Nadella, CEO of Microsoft. "We are pushing the bounds in AI, edge computing and IoT, while providing end-to-end security to empower every organization to build its own digital capability and thrive in this new era."
International Business Machines Corporation (NYSE:IBM) recently introduced technology that gives businesses new transparency into AI, enabling them to more fully harness its power. Users of IBM's new Trust and Transparency capabilities for AI on IBM Cloud can obtain an explanation of why a recommendation was made. Explanations show which factors weighted the decision in one direction vs. another, the confidence in the recommendation, and the factors behind that confidence. The software service, which automatically detects bias and explains how AI makes decisions - as the decisions are being made - runs on the IBM Cloud, and helps organizations manage AI systems from a wide variety of industry players. IBM Services will also work with businesses to help them harness the new software service.
Pareteum Corporation (NYSE:TEUM) recently announced that its Managed Service Platform (MSP) has been chosen in a five-year, $38 Million contract with an IoT and MVNO provider in Asia. This new enterprise customer will use IoT services powered by the Pareteum MSP, and thereby be able to offer a fully-integrated software solution that delivers flexibility through multi-country branded services, digital applications, data services, and traditional mobile services to its subscribers. Under the terms of the contract, Pareteum will support this new customer's efforts to expand its business throughout southern Asia, including its plans to add WiFi, Blockchain, M2M, and Smart City solutions. Vic Bozzo, CEO of Pareteum, stated, "This global enterprise client aims to use Pareteum's MSP to take the market by storm. Our goal is to provide the tools and technology to make that happen. The disruption of industry standards is alive, and it is here and now."
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