The #AIEye: Gopher (OTCQB: $GOPH) Implements Machine Learning in #Avant! #AI to Promote Recognition and Analysis Capabilities, Nuance (Nasdaq: $NUAN) Partners with Banma
Canada’s Radical Ventures Launches $350 Million USD #AI Fund
Point Roberts WA, Vancouver BC – May 7, 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
Stocks discussed: (OTCQB:GOPH) (NYSE:HPE) (Nasdaq:NUAN)
Gopher Protocol Inc. (OTCQB:GOPH) has announced that it is integrating machine learning methods in its Avant! AI to allow advanced classification and problem solving, which will enable recognition and analysis of user’s intent and sentiment. Information will be collected through Natural Language Processing (NLP) or textual analysis. Dr. Danny Rittman, Gopher’s CTO, said:
"We are now implementing new methods and algorithms in order to create a flexible architecture that understands and analyzes problems to execute accurate and quick solutions. Machine learning is a complex discipline so we developed out-of-the-box concepts and methodologies in order to create architecture for vast data acquisition, training, predictions and solutions. Our ML contains advanced numerical computation modules to handle classifications, image recognition, and word segmentations. Our dataflow structures nodes through graphs, and executing series of mathematical operations. The end result is an efficient, accurate data processing and analytics to achieve real-time response. We target these type of algorithms to be key blocks for smart applications like autonomous machines, robotics, expert agents and more."
Hewlett Packard (NYSE:HPE) is integrating its BlueData platform with its Apollo Systems and Pointnext Services to yield a powerful AI solution for data-driven business innovation. Milan Shetti, SVP and General Manager, HPE Storage, explained the advantages of this integration:
“To stay a step ahead of the competition, enterprise organizations in every industry are embarking on AI-enabled and data-driven digital transformation initiatives. Together, HPE and BlueData will make it easier, faster, and more cost-effective for these customers to deploy distributed AI, machine learning, and analytics – whether on-premises, in the public cloud, or in a hybrid architecture. It’s a game-changer.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has partnered with internet vehicle platform Banma to bring the former’s conversational AI-powered speech recognition to the Banma MARS V3.0, an infotainment platform for connected cars. Stefan Ortmanns, executive vice president and general manager, Nuance Automotive, said:
“We’re excited about our growing relationship with Banma and our growth together to bring a unique user experience to drivers in China. Banma MARS V3.0 marks not just deep cooperation on a voice-powered interface for the car, but a mutual commitment to together building the future of the in-car assistant, with enhanced performance and new features and content that differentiate these cars from the competition.”
Canada’s Radical Ventures Launches $350 Million USD AI Fund
Stocks discussed: (NYSE:TD) (TSX:TD)
BNN Bloomberg reports that investment firm Radical Ventures has launched an AI-focused fund today worth $350 million USD. The fund is being backed by the likes of TD Bank (NYSE:TD) (TSX:TD) and the Canada Pension Plan Investment Board. Jordan Jacobs, managing director of Radical Ventures, said the current AI landscape in Canada would see a pullback due to the presence of ‘pretenders’:
“There’s been a tremendous amount of hype and it’s caused a flood of funds to come in and invest in companies that are not really AI companies. Ultimately, you’re going to see bit of a pullback over the next little while … of the pretenders. Those who came in because of the hype will drop out as those companies can’t raise the next round.”
Bloomberg Markets Amanda Lang: Canada is a tech innovator, but we're still behind in turning research into products
Sam Mowers, Investorideas.com
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