The #AIEye: Microsoft ( $MSFT) Partners with OpenClassrooms to Train #AI Workforce, Intel ( $INTL) Announces Product Portfolio Including 2nd Gen Xeon
Point Roberts WA , Vancouver BC – April 3, 2019 – 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
IDC Finds AI Systems Spending in Europe Will Hit $5.2 Billion in 2019
A new report from the International Data Corporation (IDC) finds that AI systems spending in Europe will reach $5.2 billion in 2019, an increase of 49 percent from 2018. Furthermore, by 2022 the IDC projects AI spending will reach $13.5 billion on the continent. An excerpt from the report reads:
AI is a big topic in Europe — it's here and it's here to stay. AI can be the game changer in highly competitive environments, especially across consumer-facing industries such as retail and finance, where AI has the power to push customer experiences to the next level with virtual assistants, product recommendations, or visual searches.
Microsoft Partners with OpenClassrooms to Train AI Workforce, Intel Announces Product Portfolio Including 2nd Gen Xeon and LogMeIn Introduces Enhancements to Bold360 Platform
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:INTC) (NasdaqGS:LOGM)
Microsoft (NasdaqGS:MSFT) has partnered with online education-to-employment platform OpenClassrooms to train students for AI jobs in the workplace. The project brings together programming from OpenClassrooms with Microsoft content and leverages built-in connections to employers looking to fill AI roles. OpenClassrooms co-founder and CEO Pierre Dubuc commented:
"The demand for AI and machine learning opportunities has never been stronger. We're excited to be an innovation partner to Microsoft to usher in new tactics that will bring top talent to the workforce."
Intel Corporation (NasdaqGS:INTC) has announced its new product portfolio, which includes the 2nd-Generation Intel Xeon Scalable processor featuring integrated Intel Deep Learning Boost for AI deep learning inferencing acceleration and support for Intel Optane DC persistent memory. Navin Shenoy, Intel executive vice president and general manager of the Data Center Group, said:
“Today’s announcements reflect Intel’s new data-centric strategy. The portfolio of products announced today underscores our unmatched ability to move, store and process data across the most demanding workloads from the data center to the edge. Our 2nd-Generation Xeon Scalable processor with built-in AI acceleration and support for the revolutionary Intel Optane DC persistent memory will unleash the next wave of growth for our customers.”
LogMeIn, Inc. (NasdaqGS:LOGM) has introduced enhancements to its intelligent customer engagement platform, Bold360. Ryan Lester, Director of Customer Engagement Technologies at LogMeIn, explained:
“As customer expectations continue to increase, agents are finding it difficult to keep up with the ever-expanding engagement channels, limits of legacy systems and the complexity of incoming queries. While AI is certainly helping with much of this, we can’t forget about the humans behind the bots. Artificial intelligence is perfectly suited for some things, but it isn’t a replacement for human intelligence. Creating a best in class customer experience is about finding the right balance between the two. Today’s announcement focuses on the agent and ensuring they have the tools and technologies to take on more complicated challenges and ultimately be human when humanity is needed most.”
Sam Mowers, Investorideas.com
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