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Spending in Artificial Intelligence to accelerate across the public sector due to automation and social distancing compliance needs in response to…

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April 9, 2020 - LONDON, UK: Prior to the COVID-19 pandemic, the IDC (International Data Corporation) Worldwide Artificial Intelligence Spending Guide had forecast European artificial intelligence (AI) spending of $10 billion for 2020, and a healthy growth at a 33% CAGR throughout 2023. With the COVID-19 outbreak, IDC expects a variety of changes in spending in 2020. AI solutions deployed in the cloud will experience a strong uptake, showing that companies are looking at deploying intelligence in the cloud to be more efficient and agile.

"Following the COVID-19 outbreak, many industries such as transportation and personal and consumer services will be forced to revise their technology investments downwards," said Andrea Minonne, senior research analyst at IDC Customer Insights & Analysis. "On the other hand, AI is a technology that can play a significant role in helping businesses and societies deal with and solve large scale disruption caused by quarantines and lockdowns. Of all industries, the public sector will experience an acceleration of AI investments. Hospitals are looking at AI to speed up COVID-19 diagnosis and testing and to provide automated remote consultations to patients in self-isolation through chatbots. At the same time, governments will use AI to assess social distancing compliance"

In the IDC report, What is the Impact of COVID-19 on the European IT Market? (IDC #EUR146175020, April 2020) we assessed the impact of COVID-19 across 181 European companies and found that, as of March 23, 16% of European companies believe automation through AI and other emerging technologies can help them minimize the impact of COVID-19. With large scale lockdowns in place, a shortage of workers and supply chain disruptions will drive automation needs across manufacturing.

Applying intelligence to automate processes is a crucial response to the COVID-19 crisis. Not only does automation allow European companies to digitally transform, but also to make prompt data-driven decisions and have a positive impact on business efficiency. IDC expects a surge in adoption of automated COVID-19 diagnosis in healthcare to speed up diagnosis and save time for both doctors and patients. As the virus spreads quickly, labor shortages in industries where product demand is surging can become a critical problem. For that reason, companies are renovating their hiring processes, applying a mix of intelligent automation and virtualization in their hiring processes. Companies will also aim to automate their supply chains, maintain their agility and avoid production bottlenecks, especially for industries with vast supplier networks. With customer service centers becoming severely restricted, automation will be a crucial part for remote customer engagement and chatbots will help customers in self-isolation get the support they need without having to wait a long time.

"As a short-term response to the COVID-19 crisis, AI can play a crucial part in automating processes and limiting human involvement to a necessary minimum," said Petr Vojtisek, research analyst at IDC Customer Insights & Analysis. "In the longer term, we might observe an increase in AI adoption for companies that otherwise wouldn't consider it, both for competitive and practical reasons."

IDC's Worldwide Semiannual Artificial Intelligence Spending Guide provides guidance on the expected technology opportunity around the AI market across nine regions. Segmented by 32 countries, 19 industries, 27 use cases, and 6 technologies, the guide provides IT vendors with insight into this rapidly growing market and how the market will develop over the coming years.

For IDCs European coverage of COVID-19, click here.

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Spending in Artificial Intelligence to accelerate across the public sector due to automation and social distancing compliance needs in response to...

CORRECTION – Labelbox Awarded Artificial Intelligence Contract by Department of Defense – Yahoo Finance

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Leading provider of training data platforms for machine learning, Labelbox receives prestigious SBIR contract from AFWERX for U.S. Air Force

SAN FRANCISCO, April 09, 2020 (GLOBE NEWSWIRE) -- This release for Labelbox corrects and replaces the release issued today at 7:00 am ET with the headline Labelbox Awarded Artificial Intelligence Grant by Department of Defense. The word grant has been replaced in the headline, subheadline, and release body with the word contract. The corrected release follows.

Labelbox, the worlds leading training data platform, is among an elite selection of artificial intelligence companies to receive a contract from the Department of Defense to support national security as the U.S. scrambles to stay ahead of its rivals.

While some in Silicon Valley balk at working with the government, Labelboxs founders are vocal about their belief that technology companies have a responsibility to help the U.S. maintain its technological advantage in the face of competition from nation states.

I grew up in a poor family, with limited opportunities and little infrastructure said Manu Sharma, CEO and one of Labelboxs co-founders, who was raised in a village in India near the Himalayas. He said that opportunities afforded by the U.S. have helped him achieve more success in ten years than multiple generations of his family back home. Weve made a principled decision to work with the government and support the American system, he said.

Labelbox is a software platform that allows data science teams to manage the data used to train supervised-learning models. Supervised learning is a branch of artificial intelligence that uses labeled data to train algorithms to recognize patterns in images, audio, video or text. After being fed millions of labeled pictures of mobile missile launchers from satellite imagery, for example, a supervised-learning system will learn to pick out missile launchers in pictures it has never seen.

For data science teams to work better with each other and with labelers around the world, they need a platform and tools. Without those things, managing large sets of data quickly becomes overwhelming. Labelbox solves that problem by facilitating collaboration, rework, quality assurance, model evaluation, audit trails, and model-assisted labeling in one platform. The platform is tailored for computer vision systems but can handle all forms of data. The platform also helps with billing and time management.

Labelbox is an integrated solution for data science teams to not only create the training data but also to manage it in one place, said Sharma. Its the foundational infrastructure for customers to build their machine learning pipeline.

The company won an Air Force AEFWRX Phase 1 Small Business Innovation Research contract to conduct feasibility studies on how to integrate the Labelbox platform with various stakeholders in the Air Force. Labelbox recently hired a representative in Washington, D.C., to manage the process.

The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research and Development. The United States Department of Defense is the largest of 11 federal agencies participating in the program. Air Force Innovation Hub Network (AFWERX) is a United States Air Force program intended to engage innovators and entrepreneurs in developing effective solutions to challenges faced by the service.

About LabelboxFounded in 2018 and based in San Francisco, Labelbox is a collaborative training data platform for machine learning applications. Instead of building their own expensive and incomplete homegrown tools, companies rely on Labelbox as the training data platform that acts as a central hub for data science teams to interface with dispersed labeling teams. Better ways to input and manage data translates into higher-quality training data and more accurate machine-learning models. Labelbox has raised $39 million in capital from leading VCs in Silicon Valley. For more information, visit: https://www.Labelbox.com/

Editorial ContactLonn Johnston for Labelbox+1 650.219.7764lonn@flak42.com

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CORRECTION - Labelbox Awarded Artificial Intelligence Contract by Department of Defense - Yahoo Finance

Neuromorphic Chips: The Third Wave of Artificial Intelligence – Analytics Insight

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The age of traditional computers is reaching its limit. Without innovations taking place, it is difficult to move past the technology threshold. Hence it is necessary to bring major design transformation with improved performance that can change the way we view computers. The Moores law (named after Gordon Moore, in 1965) states that the number of transistors in a dense integrated circuit doubles about every two years while their price halves. But now the law is losing its validity. Hence hardware and software experts have come up with two solutions: Quantum Computing and Neuromorphic Computing. While quantum computing has made major strides, neuromorphic is still in its lab stage, until recently when Intel announced its neuromorphic chip, Loihi. This may indicate the third wave of Artificial Intelligence.

The first generation of AI was marked with defining rules and emulated classical logic to draw reasoned conclusions within a specific, narrowly defined problem domain. It was well suited to monitoring processes and improving efficiency, for example. The second generation was populated by using deep learning networks to analyze the contents and data that were largely concerned with sensing and perception. The third generation is about drawing parallels to the human thought process, like interpretation and autonomous adaptation. In short, it mimics neurons spiking like the nervous system of humans. It relies on densely connected transistors that mimic the activity of ion channels. This allows them to integrate memory, computation, and communication, at higher speed, complexity, and better energy efficiency.

Loihi is Intels fifth-generation neuromorphic chip. This 14-nanometer chip has a 60-millimeter die size and contains over 2 billion transistors, as well as three managing Lakemont cores for orchestration. It contains a programmable microcode engine for on-chip training of asynchronous spiking neural networks (SNNs). Total, it has 128 cores packs. Each core has a built-in learning module and a total of around 131,000 computational neurons that communicate with one another, allowing the chip to understand stimuli. On March 16, Intel and Cornell University showcased a new system, demonstrating the ability of this chip to learn and recognize 10 hazardous materials from the smell. And this can function even in the presence of data noise and occlusion. According to their joint profiled paper in Nature Machine Intelligence, this can be used to detect the presence of explosives, narcotics, polymers and other harmful substances like signs of smoke, carbon monoxide, etc. It can purportedly do this faster, more accurate than sniffer dogs thereby threatening to replace them. They achieved this by training it constructing a circuit diagram of biological olfaction. They drew this insight by creating a dataset by exposing ten hazardous chemicals (including acetone, ammonia, and methane) through a wind tunnel, and a set consisting of the activity of 72 chemical sensors collected the signals.

This tech has multifold applications like identifying harmful substances in the airport, detecting the presence of diseases and toxic fumes in the air. The best part is, it constantly re-wires its internal network to allow different types of learning. The futuristic version can transform traditional computers into machines that can learn from experience and make cognitive decisions. Hence it is adaptive like human senses. And to put a cherry on top, it uses a fraction of energy than the current state of art systems in vogue. It is predicted to displace Graphics Processing Units (GPUs).

Although Loihi may soon evolve into a household word, it is not the only one. The neuromorphic approach is being investigated by IBM, HPE, MIT, Purdue, Stanford, and others. IBM is in the race with its TrueNorth. It has 4096 cores, each having 256 neurons and each neuron having 256 synapses to communicate with others. Germanys Jlich Research Centres Institute of Neuroscience and Medicine and UKs Advanced Processor Technologies Group at the University of Manchester are working on a low-grade supercomputer called SpiNNaker. It stands for Spiking Neural Network Architecture. It is believed to stimulate so-called cortical microcircuits, hence the human brain cortex and help us understand complex diseases like Alzheimers.

Who knows what sort of computational trends we may foresee in the coming years. But one thing is sure, the team at Analytics Insight will keep a close watch on it.

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Neuromorphic Chips: The Third Wave of Artificial Intelligence - Analytics Insight

Artificial intelligence to be added to class 11 curriculum in India – Khaleej Times

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The Central Board of Secondary Education (CBSE) will introduce Design Thinking, Physical Activity Trainer and Artificial Intelligence as new subjects for class 11 from the 2020-21 academic year, officials have revealed.

To make the new generation more creative, innovative and physically fit, and to keep pace with global developments and requirements in the workplace, the board is introducing the three new subjects, said Biswajit Saha, Director Training and Skill Education, CBSE.

"While thinking is a skill that all humans possess, the 21st century's requirement is of critical thinking and problem-solving. Design Thinking is a systematic process of thinking that opens up the horizons of creativity and enables even the most conditioned thinkers to bring about new and innovative solutions to the problems at hand," he said.

According to Saha, the course on Physical Activity Trainer will not only help in developing skills of a trainer but also a life skill.

"Artificial Intelligence is also a simulation by machines of the unlimited thinking capacity of humans. Physical Activity is a must if the body and mind are to be kept healthy.

"With this view in mind, the course on Physical Activity Trainer has been prepared. It will not only help in developing the skill of a trainer, but will also become a life skill as it will imbibe the idea of keeping fit for life," he added.

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Artificial intelligence to be added to class 11 curriculum in India - Khaleej Times

Cryptocurrency Market Update: Bitcoin and gold toying with a massive selloff, is $1,000 in the picture? – FXStreet

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Bitcoin price managed to stay above $7,200 support in the wake of rejection from levels under $7,500. The most traded cryptocurrency has stepped above $7,300 but is currently struggling with the resistance at $7,400. Across the cryptocurrency market, bears appear to be taking over control. All the top three cryptoassets are slightly in the red. Ethereum is trading marginally below the opening value at $173.31 while Ripple is down 0.88% to trade at $0.20.

A cryptocurrency trader and analyst on Twitter Henrik Zeberg is not afraid to openly speak of Bitcoins possible dive to $1,000. Zeberg is choosing to remain bearish in spite of Bitcoin price recovery from levels around $3,864 (reached in March) to highs close to $7,500 (earlier this week). Using the chart below, the trader points out that Bitcoin is vulnerable at $7,200.

Alongside the gold, the worlds most precious metal, Bitcoin is likely to fall into another selloff. Zeberg says that Bitcoin and gold are so misunderstood at this point! We have strong illiquid phase in front of us.

According to the daily chart, Bitcoin upside is limited by the 50-day SMA. Movement above $7,400 (tipping point) could push the price above $7,500. This is likely to shift the focus back to $8,000.

However, in relation to Zebergs bearish prediction, a bearish pennant patent puts Bitcoin in grave danger of breaking down to retest the support at $6,000 or even $5,000.

Meanwhile, short term analysis shows Bitcoin is likely to embrace consolidation as long as the RSI keeps on with the leveling motion between 50 and 60.

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Cryptocurrency Market Update: Bitcoin and gold toying with a massive selloff, is $1,000 in the picture? - FXStreet

Reddit is finally adding cryptocurrency, screenshots show – Decrypt

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Discussion forum Reddit appears to be building a points system that runs on a blockchain, according to a video posted by one Redditor.

Redditor MagoCrypto, who according to his profile is a community manager at Unstoppable Domainswhich builds censorship resistant websitesuploaded the video yesterday. It appears to show a beta implementation of the system.

Screenshots show a wallet, which comes with a blockchain address. Image: Reddit.

"I opened my app yesterday morning and saw the 'wallet' menu option. Went through it, saw 'blockchain' and got super excited to share with rest of y'all," MagoCrypto wrote on Reddit.

A Reddit spokesperson told Decrypt that it is testing a blockchain-based feature but only for one community.

"We continuously experiment with ways to support communities on Reddit. In this instance, were working with one community to test a feature that represents a users involvement in a community. We value and seek out community feedback as we continue to explore features that engage our users and communities, the spokesperson said.

According to the screenshots, the main feature is a cryptocurrency wallet where the user can collect points. But each user will have their own blockchain address where they will be able to see their points.

The FAQ gives some more clues as to what's coming. Image: Reddit.

It appears that these points will have some value. In the frequently asked questions, there is a section called "Tipping and Transfers." This suggests that the points can be sent to other Redditors and will have value, probably as cryptocurrency. It is unclear whether these points can be sent outside of the Reddit app.

It is possible the points will have futher functionalities in the Reddit ecosystem. Other questions involve memberships and voting, implying that they could be used to contribute to Reddit's development.

Reddit has long been a popular source of information for cryptocurrency projects. It is home to many crypto communities, with r/Bitcoin boasting 1.4 million members and r/Cryptocurrency with 994,000. But so far, it has held off on implementing a blockchain-based system. Maybe the crypto-loving Redditors have good karma after all.

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Reddit is finally adding cryptocurrency, screenshots show - Decrypt

Cryptocurrency Market Update: Bitcoin Cash rallies ahead of halving, Bitcoin stable above $7,200, ETH and XRP in the green – FXStreet

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The cryptocurrency market is being treated to a couple of halving events this week. Bitcoin Cash and its rival sibling Bitcoin SV will both undergo a mining reward halving. Halving is an event that reduces the reward miners get per block of coins mined. Bitcoin Cash halving is its first since it hard forked from Bitcoin in 2017. It is scheduled to take place on Wednesday and will have mining rewards slashed in half from 12.5 BCH to 6.25 BCH. On the other hand, Bitcoin SV halving will take place a proximately a day after that of BCH.

BCH/USD has surged 8% on the day as investors take their positions ahead of the mining. It is exchanging hands at $274 after advancing from $252 (opening value). An intraday high has been reached at $280. However, buyers eye $300 while riding on the speculation surrounding the halving event.

Bitcoin price has made a considerable movement above $7,000 this week. The price stepped above $7,400 on Tuesday but lost steam short of $7,500. At the time of writing, BTC is trading at $7,330 following an intraday growth of 1.77%. Immediate support has been established above $7,200, further cementing the buyers position on the market as they look forward to testing the level at $8,000.

Ethereum has also been in a bullish phase this week. The price action took a positive turn on breaking above $140. The rally above $160 9 (former resistance) allowed the improved sentiments towards Ether to improve. This catapulted Ethereum to test $180 resistance. For now, the price trading at $171 after adding 3.91% to its value on the day.

Ripple price is trading 3.77% higher on the day. The price movement has been bullish from the opening value at $0.1928 to $0.2001 (market value). The step above $0.20 is key to the next rally eyeing $0.30. Therefore, it is essential that bulls find support above this level and shift their focus to $0.30.

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Cryptocurrency Market Update: Bitcoin Cash rallies ahead of halving, Bitcoin stable above $7,200, ETH and XRP in the green - FXStreet

Cryptocurrency market update: Major cryptos trade in tight ranges on Saturday – FXStreet

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Major cryptocurrencies are staying relatively quiet on Saturday and struggle to break out of their daily trading ranges amid a lack of significant catalysts.

Bitcoin (BTC/USD) climbed to its highest level since March 13th at $7,250 on Thursday but lost its momentum as the Fibonacci 61.8% retracement of the mid-March fall formed a stiff resistance at that level. After closing the day little changed on Friday, the pair continues to move sideways below $7,000 on Saturday. On the downside,$6,600 (Fibonacci 50% retracement) aligns as the initial support ahead of $6,250 (20-day SMA) and $6,000 (Fibonacci 38.2% retracement/psychological level). Resistances, on the other hand, could be seen at$7,250, 7,650 (50-day SMA) and $8,170 (100-day SMA/200-day SMA).

Ethereum (ETH/USD) advanced to a fresh two-week high of $150.70 on Thursday and had gone into a consolidation phase. As of writing, the pair was up 1.3% on a daily basis at $143. With a weekly close above $150 (Fibonacci 38.2% retracement of mid-March drop), the pair could target $153.50 (Mar. 20 high). The 200-day SMA at $173 is the key resistance for the pair in the near-term. Supports are located at $137 (Apr. 3 low) and $126.50 (Fibonacci 23.6% retracement).

After finding support near $0.16 at the start of the week,Ripple(XRP/USD)gained traction and closed the last five days in the positive territory and gained more than 10% during the period. However, the pair seems to be having a difficult time preserving its bullish momentum as it trades in a tight range above the $0.18 mark. On the upside, the initial hurdle aligns at $0.1875 (Mar. 27 high/Apr. 2high) ahead of $0.2000 (psychological level). Near-term supports for the pair could be seen at $0.1620 (Fibonacci 38.2% retracement of mid-March drop) and $0.1420 (Fibonacci 23.6% retracement of mid-March drop).

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Cryptocurrency market update: Major cryptos trade in tight ranges on Saturday - FXStreet

Heres Why Bitcoin (BTC) Is Rocketing Toward $100K, According to Crypto Analyst Nicholas Merten – The Daily Hodl

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Crypto analyst Nicholas Merten says he believes Bitcoin is firmly on a long-term trajectory that will bring the leading cryptocurrency to $100,000.

In a new episode of DataDash, Merten takes a birds-eye look at Bitcoins boom and bust cycles over the years. By looking at the long-term logarithmic chart of the BraveNewCoin Liquid Index (BLX), which provides a reliable USD price of Bitcoin based on real-time trading data, Merten seesa likely timeline for the next bull run.

If we take a look at the previous three clear cycles that we had here in cryptocurrency markets, we can generally take into note that weve seen an expansion of about a year added to each and every cycle The first cycle was around 11 to 12 months, in this case, for Bitcoin.

Afterwards, from the bottom to the high, just like we did with the previous cycle, 24 months With the third cycle, we have a 35-month period from bottom to top, roughly give or take almost three years

Theres no guarantee that history is going to repeat itself exactly. There might be some big discrepancies this time around with the macro environment. The halving might play out differently. But if we take a look here of the logarithmic growth curves and take into mind the significant lows and the significant resistance, we actually are going to line up quite nicely here to a top of $100,000, give or take it might not be exactly even sometime in 2022.

The DataDash founder offers two key fundamental catalysts that can drive Bitcoins rise to $100,000.

We havent even seen the economic ramifications of the halving event and the continued macro environment going into a higher state of fear. These are the things that can drive Bitcoin to that valuation

I believe pretty consciously in this case that $100,000 is quite reasonable. Bitcoin at over $1 trillion market cap is going to be relatively reasonable in an environment where theres money fleeing from global bonds, from global currencies, from equities or property markets as we enter into a longer drawn out bear market through a potential depression.

Thats a very, very conservative ask, in my opinion, for a new emerging digital gold for Millennials and Gen Z. A key point here is to focus on these longer-term time frames. To be patient. This is going to be a long journey, but its going to be a fun one.

Although the future of the global economy is far from certain, Merten says he believes that in the long run, Bitcoin will benefit from the increasing intervention in the economy from the US Federal Reserve as investors look outside of equities for assets with a fixed monetary supply.

Unlike the Fed which says, We are going to do x and [then] they do y, Bitcoin has been chugging along. If you need to process a transaction, you can do it. If you want to know that your money is going to be fixed in a system or your purchasing power is fixed into a system that isnt going to change the rules every five minutes, Bitcoin does that Bitcoin is the clear winner here.

Featured Image: Shutterstock/Chat Karen Studio

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Heres Why Bitcoin (BTC) Is Rocketing Toward $100K, According to Crypto Analyst Nicholas Merten - The Daily Hodl

Cryptocurrency is a Curse on the Indian Reserve Bank – Programming Insider

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Introduction

India is known as a country that embraces all the new technologies and for the first time, India failed to embrace the new technology of bitcoins. Specially bitcoins are very helpful when you think to trade online from anywhere on earth. As the other best parts like easily transferable and could be sent anywhere on earth, this coin is extra money for you.Internet Users are Increasing

A large number of people are gradually moving into the digital world or the world of the internet very quickly. As of now, it can be said that there are about 480 million internet users in India which are growing rapidly and soon it is expected to rise as high as 660 million internet users. This number of users have been given to be increasing by 2023, magically dragging more people to the digital world. This is really good news for bitcoin trading applications because the greater number of people will use the internet will be able to use bitcoins for a better purpose. As per experts and the bitcoiners, India is a much stronger fertile ground for the use of bitcoins.

Digital Population for the Younger Generation

A concept-driven technology is a cryptocurrency or a bitcoin concept. This concept of cryptocurrencies is most appealing to the young population of India. India has the largest number of people below 35 years of age which covers like 65% of the people while 55% of the citizens are below 25 years. The average age of an Indian is somewhat around 29-30. On average, if we calculate more than 870 million it below 30 years old. It makes one thing clear that most of the Indians should use crypto to have some great time earning money.

The IT Sector is Enough

India has the required intellect to grow the best base for an intellectual industry strongly on the earth. Luckily India has an abundance of access to the crypto concept, but it is a different story that they do not want to use it. India has the miserably high number of Computer Engineers and plenty of people who are fresh graduates they join the software industry PR the IT sectors every year. Not only that the graduates are interested, in fact, but some of the best and well-known companies are also in India such as Wipro, TCS, and HCL, Infosys, etc. Some of the Indian cities like Pune, Hyderabad, and Bangalore are house to the best IT sectors and Software shades in India which are known globally. This also proves that the crypto world can work in India very easily without brining much difficulty on the way to deal with it.

India always had and still has everything that is required to have a great crypto trade in the market but somehow, it has failed to accept the concept gladly and it still considers it to be a crime. There are many reasons that have led to the ban on usage of the cryptocurrency but the major setback has been brought by the RBI.

RBI is a Curse on Cryptocurrencies in India

The finance regulatory body of India is the RBI who is solely responsible for the banning of the use of cryptocurrency in India. As soon as the RBI banned cryptocurrency in India, the roots of Cryptocurrency began to freeze brick by brick in India.

Conclusion

The Coronavirus that affected the entire world has also added some disappointment for the ones who deal with cryptocurrencies. The crypto-community is India has been left open mouth for the kind of a disappointment that they are facing from the government as well as the pandemic.

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Cryptocurrency is a Curse on the Indian Reserve Bank - Programming Insider


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