Bank of England talks negative interest rates in best ad for Bitcoin – Cointelegraph

Bitcoin (BTC) is getting its best advertisement once more as another major central bank floats the idea of charging people to save their money.

As Bloomberg reported quoting minutes of a meeting held Thursday, the Bank of England (BoE) has become the latest central bank to discuss negative interest rates.

According to the results of the meeting, the BoE will enter discussions with banking regulators over negative rates, which effectively mean lending institutions, and, hence, savers must pay to store cash.

The reason is the impact of the coronavirus lockdown on the economy, along with the looming prospect of Brexit, deal or no deal.

The bank is leaving all options on the table, due to elevated uncertainty, one analyst told the publication in light of the news.

The pound slid against major currencies Thursday, as policymakers further confirmed that they had voted to keep interest rates at 0.1% for the time being.

Bank of England balance sheet chart (GBP). Source: TradingEconomics/ Bank of England

Bitcoin proponents immediately seized on the BoEs troubles, arguing that such a policy simply undermined both fiat currencys reputation and its own position.

Wow, the Bank of England discussing negative interest rates. If they adopt this, they would be paying you to borrow, Tyler Winklevoss wrote on Twitter.

You couldnt buy a better advertisement for Bitcoin but u can take their money and go long bitcoin.

Veteran trader Tone Vays had similar thoughts.

I don't think any Bank would pay you to borrow but they will charge you to store/save your money at the Bank, what more can a Bitcoin Hodler as for! he said, responding to Winklevoss.

Thanks Bank of England, you will help drive $BTC adoption.

Others took aim at the interim interest rate decision.

One of the most important prices in our society is determined by vote, Christopher Bendiksen, head of research at digital asset investment strategist Coinshares, tweeted.

You read that right. In 2020, 8 middle-aged men and one woman literally come together several times a year to determine the price of credit. This will seem unbelievably archaic to our descendants.

As Cointelegraph reported, the BoE is particularly infamous in Bitcoin circles, the United Kingdom government bailing out the banking sector en masse on the eve of Bitcoins birth in 2009. An article from the national newspaper, The Times, was even included in the Bitcoin genesis block.

More recently, central banks reactions to coronavirus have fuelled the idea that Bitcoin will increasingly function as a hedge against fiat.

This week, the United States Federal Reserve fielded queries about its plans to overshoot inflation targets, a process that would weaken the U.S. dollar and provide a likely further boost to safe havens such as gold and Bitcoin.

For its part, the BoE had said that negative interest rates would be damaging to the U.K. economy as recently as last month.

The European Central Bank, or ECB, has administered negative rates since 2016, but such a move would be a historical first for the U.K.

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Bank of England talks negative interest rates in best ad for Bitcoin - Cointelegraph

Assange lawyer says Trump associates offered deal if WikiLeaks founder divulged hacked DNC emails didnt come via Russia – MarketWatch

LONDON (AP) A lawyer for WikiLeaks founder Julian Assange has told a London court that her client was indirectly offered a win-win deal by President Donald Trump that would see him avoid extradition to the U.S. if he revealed the source of a leak of documents from the Democratic Party before the 2016 election.

Assange, who didnt reveal the source of the leak of the Democratic National Committee emails, is fighting efforts by the U.S. to extradite him to face an array of charges related to his work at WikiLeaks.

Jennifer Robinson, who has represented WikiLeaks for a decade, relayed to the court Friday via a written statement that her client had been made an offer at a meeting on Aug. 15, 2017, with former Republican congressman Dana Rohrabacher and Trump associate Charles Johnson.

In her statement that was read out at Londons Criminal Court, Robinson said the pair wanted us to believe they were acting on behalf of the president and that they had stated that Trump was aware of and had approved of them coming to meet with Assange to discuss the proposal. She also said the pair said they would have an audience with the president to discuss the matter on their return to Washington.

Robinson said that Rohrabacher had said he had come to London to talk to Assange at his then-refuge at the Ecuadorian Embassy about what might be necessary to get him out, presenting him with a win-win situation that would allow him to leave the embassy and get on with his life without fear of being extradited to the U.S.

The proposal put forward by Congressman Rohrabacher was that Assange identify the source for the 2016 election publications in return for some kind of pardon, assurance or agreement which would both benefit President Trump politically and prevent U.S. indictment and extradition, Robinson said. Any information on the source of the link would be of interest, value and assistance to Trump, the pair said, according to Robinson.

Robinson said that Rohrabacher explained at the meeting that he wanted to resolve the ongoing speculation about Russian involvement in the leaks. Russia has been widely blamed to have been behind the email theft. At the time of the meeting, special counsel Robert Mueller was investigating alleged ties between Russia and Trumps 2016 election campaign.

Assange didnt reveal the source of the leak of the Democratic National Committee emails, which were published by WikiLeaks, among others, in 2016 in the run-up to the election. They are considered to have damaged Hillary Clintons presidential campaign against Trump.

Rohrabacher, who lost his seat in the 2018 midterm elections, has previously said he never spoke with Trump about Assange and wasnt directed by the president or anyone else connected with him to meet with Assange.

James Lewis, a lawyer acting on behalf of the U.S. government, said it wasnt contesting that these things were said.

We obviously do not accept the truth of what was said by others, he said.

U.S. prosecutors have indicted the 49-year-old Assange on 17 espionage charges, and one of computer misuse, over WikiLeaks publication of secret U.S. military documents a decade ago, largely around the wars in Afghanistan and Iraq a decade ago. The charges carry a maximum sentence of 175 years in prison.

Assanges lawyers say the prosecution is politically motivated and that he wont receive a fair trial in the United States. They also argue that Assange was acting as a journalist entitled to First Amendment protection.

Assange has been in a British prison since his ejection from the Ecuadorian Embassy in London in April 2019. He had been granted asylum by Ecuador in 2012 over fears he would face possible extradition to the U.S. related to his work with WikiLeaks.

The extradition hearing is due to last until early October.

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Assange lawyer says Trump associates offered deal if WikiLeaks founder divulged hacked DNC emails didnt come via Russia - MarketWatch

3 Artificial intelligence Stocks to Consider as the Trend Heats Up – Yahoo Finance

Working the stock market is a data game. Getting the best information, in a timely way, and knowing how to use it, are keys to success. So, here are some numbers to think about. According to industry market research, artificial intelligence companies and products are on the verge of explosive growth. The sector totaled some $10 billion in 2018; by 2025, the companies, products, value-added, and marketing are expected to reach over $125 billion.

You probably already are on it, even if you didnt realize. AI tech lies behind the growth of digital personal assistants like Alexa and Siri. Most online advertising and pop-ups are powered by AI systems.

All of these systems are going to improve, as engineers and developers fine-tune the coding, create new search apps, and update the underlying hardware. And those technological improvements are going to find their way into stock values. The companies that roll them out, and build on them, are going to get a share of the coming boom.

With this in mind, Wall Street analysts have tapped three lesser-known stocks as primed for gains. Theyre an interesting lot, spread across a variety of sectors, each with their own approach to artificial intelligence.

Opening up theTipRanks database, weve pulled the details on these names, to find out what makes them compelling.

Remark Holdings (MARK)

The first company on our list uses AI to power its network of subsidiaries. Remark Holdings has its hands in many baskets online retail, digital content delivery, facial recognition, and even Chinas somewhat notorious social credit system. The company is headquartered in Las Vegas, with offices in LA, Beijing, Shanghai, and Chengdu.

Remarks platform product, KanKan, is in use across China, especially in retail. The platform delivers insights on customer behavior, so that retailers can fine-tune operations and bring the right items to the sales floor at the right time. Online, KanKan offers market targeting and credit risk analysis in the fintech sector. And in the public safety niche, Remarks KanKan brings behavioral analytics to construction sites, restaurants, and roadways.

Like many emerging tech companies, Remark typically operates at a net loss. However, the scale of that loss has been declining in sequential quarters, even during the corona pandemic. EPS in the first quarter this year was (5 cents), while it improved to (4 cents) in Q2. Both of those results beat the forecast. Revenues have been growing steadily, too, from $260,000 in Q4 last year to $431,000 in Q1 this year, to $2.3 million in Q2, the most recent reported. The companys new bio-safety business, which uses AI to monitor thermal imaging products in casinos, restaurants, hotels, and medical centers and is based in the US brought in $1.1 million of that revenue.

Covering the stock for Roth Capital, 5-star analyst Darren Aftahi strikes an upbeat note in his comments on MARK.

MARK announced it has begun discussions for potential partnerships with larger global enterprise customers for AI software deployments, which could aid scale. Additionally, MARK is continuing to see healthy demand from new customers for thermal-based offerings, while current customers have also expressed interest in additional AI features, which we believe suggests MARKs solution has staying power with customers.

In line with this outlook, Aftahi rates MARK a Buy along with a $4.25 price target. This figure suggests that MARK shares have a stellar 425% upside potential from their current price of $1. (To watch Aftahis track record, click here)

Story continues

WISeKey International Holdings (WKEY)

Next on our list is WISeKey, a company in the cybersecurity industry. WKEY develops codes, crypto-algorithms, and chips necessary to the functioning of online digital security. The company does not confine itself to a single pathway; it creates secure digital identification ecosystems using AI, as well as blockchain and IoT systems. WKEYs customers include marketers, who are looking for brand protection, and financial institutions seeking secure digital systems.

Among WISeKeys key products are semiconductor chips used in secure microcontrollers and smart card readers. These chips enable AI platforms to speed up transactions while improving safety and privacy. The company is also heavily involved in online brand and digital identity protection. WKEYs AI enabled coding and algorithms power recognition software that improves security for customers needing signature or facial authentication.

WISeKey finished 1H20 with $8 million in revenues and $16 million in cash reserves, putting the company in a solid position to weather the COVID-19 pandemic.

Covering this stock for H.C. Wainwright, analyst Kevin Dede writes, "In our view, WISeKey represents an asymmetrical risk-reward opportunity heightened by what has proven to be a surprising ability to deliver a constant stream of new technology and solutions with realworld applicability, and perhaps most importantly, accordant customer relationships.

Dedes comments are optimistic, as is his Buy rating and $9 price target. This target implies implies 31% upside to the stock for the coming year. (To watch Dedes track record, click here)

Five9 (FIVN)

The last stock on todays list, Five9, is a cloud computing firm offering a scalable contact center platform based on intelligent cloud technology. With the corona virus pandemic having further pushed the ever-growing trend towards moving routine business online, Five9s services have become more important to its customers and more marketable.

The company has seen slow, steady revenue growth, which reached $99.8 million in Q2, and EPS that consistently beats the forecasts. While the company posted net losses in both Q1 and Q2, earnings in those quarters beat the estimates by 33% and 50% respectively.

Five9 uses AI tech to create a better customer contact platform. The companys products on mobile, web, chat, email, or social media streamline the agent-customer engagement, making inbound and outbound contacts more efficient for the contact center. One agent can handle each of the channels from a single desktop AI interface. The promise and more importantly, delivery of better online customer service is a gold mine in todays environment, and supports the quarterly results.

From Canaccord Genuity, 5-star analyst David Hynes sees Five9 as top-tier when it comes to technology and products.

One of several important differentiators for Five9 is the firms open platform and the best-of-breed choices that it avails to customers. In a continuation of that philosophy, Five9 has announced the availability of Voicestream, an API for streaming agent/caller audio to third-party applications in real-time. This API enables real-time, cloud-to-cloud media streaming so that developers and partners who are focused on AI and other innovative areas can integrate their applications directly into Five9s platform, Hynes opined.

Accordingly, Hynes gives FIVN shares a Buy rating, and his $145 price target suggests the stock has a 23% upside potential for the coming 12 months. (To watch Hynes track record, click here)

To find good ideas for AI stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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3 Artificial intelligence Stocks to Consider as the Trend Heats Up - Yahoo Finance

AI ethics groups are repeating one of societys classic mistakes – MIT Technology Review

International organizations and corporations are racing to develop global guidelines for the ethical use of artificial intelligence. Declarations, manifestos, and recommendations are flooding the internet. But these efforts will be futile if they fail to account for the cultural and regional contexts in which AI operates.

AI systems have repeatedly been shown to cause problems that disproportionately affect marginalized groups while benefiting a privileged few. The global AI ethics efforts under way todayof which there are dozensaim to help everyone benefit from this technology, and to prevent it from causing harm. Generally speaking, they do this by creating guidelines and principles for developers, funders, and regulators to follow. They might, for example, recommend routine internal audits or require protections for users personally identifiable information.

We believe these groups are well-intentioned and are doing worthwhile work. The AI community should, indeed, agree on a set of international definitions and concepts for ethical AI. But without more geographic representation, theyll produce a global vision for AI ethics that reflects the perspectives of people in only a few regions of the world, particularly North America and northwestern Europe.

This work is not easy or straightforward. Fairness, privacy, and bias mean different things (pdf) in different places. People also have disparate expectations of these concepts depending on their own political, social, and economic realities. The challenges and risks posed by AI also differ depending on ones locale.

If organizations working on global AI ethics fail to acknowledge this, they risk developing standards that are, at best, meaningless and ineffective across all the worlds regions. At worst, these flawed standards will lead to more AI systems and tools that perpetuate existing biases and are insensitive to local cultures.

In 2018, for example, Facebook was slow to act on misinformation spreading in Myanmar that ultimately led to human rights abuses. An assessment (pdf) paid for by the company found that this oversight was due in part to Facebooks community guidelines and content moderation policies, which failed to address the countrys political and social realities.

Theres a clear lack of regional diversity in many AI advisory boards, expert panels, and councils.

To prevent such abuses, companies working on ethical guidelines for AI-powered systems and tools need to engage users from around the world to help create appropriate standards to govern these systems. They must also be aware of how their policies apply in different contexts.

Despite the risks, theres a clear lack of regional diversity in many AI advisory boards, expert panels, and councils appointed by leading international organizations. The expert advisory group for Unicefs AI for Children project, for example, has no representatives from regions with the highest concentration of children and young adults, including the Middle East, Africa, and Asia.

Unfortunately, as it stands today, the entire field of AI ethics is at grave risk of limiting itself to languages, ideas, theories, and challenges from a handful of regionsprimarily North America, Western Europe, and East Asia.

This lack of regional diversity reflects the current concentration of AI research (pdf): 86% of papers published at AI conferences in 2018 were attributed to authors in East Asia, North America, or Europe. And fewer than 10% of references listed in AI papers published in these regions are to papers from another region. Patents are also highly concentrated: 51% of AI patents published in 2018 were attributed to North America.

Those of us working in AI ethics will do more harm than good if we allow the fields lack of geographic diversity to define our own efforts. If were not careful, we could wind up codifying AIs historic biases into guidelines that warp the technology for generations to come. We must start to prioritize voices from low- and middle-income countries (especially those in the Global South) and those from historically marginalized communities.

Advances in technology have often benefited the West while exacerbating economic inequality, political oppression, and environmental destruction elsewhere. Including non-Western countries in AI ethics is the best way to avoid repeating this pattern.

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AI ethics groups are repeating one of societys classic mistakes - MIT Technology Review

Accern Announces New Artificial Intelligence Dashboard to Gauge the Impact of the 2020 US Presidential Election – PRNewswire

The COVID-19 crisis and the 2020 U.S. presidential election have created uncertainty in the nationcausingmarket volatility for investors. With the amount of unstructured content in the Internet today, researchers and analysts are turning to artificial intelligence and machine learning to automate hours of manual researching, identifying, and extracting data.

Accern's Presidential Election dashboard provides users with an out-of-the-box solution to gain insights around the 2020 presidential candidates and candidate campaigns, policies, polling, appearances, and more. The dashboard retrieves and analyzes data from Accern's integrated unstructured data store of over 1 billion global public news sites and blogs.To view the dashboard, email [emailprotected].

"We have reached a pivotal point in automating workflows in the financial industry, with a no-code, AI-platform. Investors can quicklybuild and deploy event-driven use cases in minutes without writing a single line of code," said Kumesh Aroomoogan, co-founder and CEO of Accern."Weare excited about the results of our new Presidential Election dashboard in providing financial service institutions the ability to research, track, and analyze sentiment to make better-informed investment decisions."

To enable news tracking and sentiment analysis on target candidates across the U.S., Accern implemented the following features and tactics:

To learn more about the Presidential Election dashboard or to build your own AI use case, please email [emailprotected]

About Accern Corporation:Accern enhances AI workflows for financial service enterprises with a no-code data science platform. Researchers, business analysts, data science teams, and portfolio managers use Accern to build and deploy Natural Language Processing(NLP)models with artificial intelligence(AI).The results are that companies cut costs, generate better risk and investment insights, and experience a 24x productivity gain with our industry-leading NLP solutions. Allianz, IBM, and Jefferies utilize Accern to build and deploy AI solutions powered by our adaptive NLP and forecasting features. For more information on how we can accelerate AI adoption for your organization, visitaccern.com

Follow us onLinkedIn,Twitter, andInstagram.

Media Contact: Grace Kim, [emailprotected]

SOURCE Accern

http://www.accern.com

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Accern Announces New Artificial Intelligence Dashboard to Gauge the Impact of the 2020 US Presidential Election - PRNewswire

Filmmaker Reveals the Hidden Inequalities of Artificial Intelligence in Coded Bias in Online Screening by the Appalachian Theatre Sunday – High…

When an MIT researcher discovered that most facial recognition systems are less accurate with the faces of women and people of color, it brought to the forefront the issue of bias in technology that increasingly runs our society.Described byVarietyas a thought-provoking wake-up call,Coded Bias, a documentary film on the issue, will be presented in a special online screening bythe Appalachian Theatre of the High Country at 4 p.m. on Sunday, September 20 and will be followed by an online taped discussion with the films director, Shalini Kantayya. Please note the change in start time from the previous announcement about the documentary film series.

Coded Bias is the first event presented by BOONE DOCS, the newly-launched year-round film series at the App Theatre featuring documentary films that spark community conversation by presenting an independent lens to view our world. Showcasing emerging and award-winning filmmakers and distinct perspectives from across the globe, BOONE DOCS celebrates the creative power of independent film.

Artificial Intelligence (AI) technology is becoming more prevalent in areas that can profoundly impact peoples lives such as law enforcement and human resources. The film focuses on the work of three female mathematicians and data scientists Joy Buolamwini, Deborah Raji, and Timnit Gebru who research the implications of racial and gender bias in the cutting-edge technologies of AI and machine learning. Are the biases that exist in society being unconsciously replicated in the technology? Or worse, are opaque systems being used to shield deceptive practices?

As sci-fi writers have inspired the imagination of AI developers,Coded Biasdraws from science-fiction stylistic elements to visualize concepts in this new era of big data, says Kantayya, the films director. Coded Biasaims to inspire communities to spark new conversations about bias in the algorithms that impact civil liberties and democracy.

This event is made possible through the Southern Circuit Tour of Independent Filmmakers, a South Arts program. Since its inception in 1975, Southern Circuit has brought some of best independent filmmakers and their films from around the country to communities throughout the South. The program is supported by the National Endowment for the Arts.

In response to the COVID-19 pandemic, the 2020-21 Southern Circuit season features a hybrid model of in-person and online screenings to prioritize the health and flexibility of Screening Partner venues and filmmakers.

Coded Bias is offered free of charge to High Country audiences through the generous support of the theatres board of trustees. To subscribe to the theatres e-list and receive a link to view this event at no cost, visit the theatres website at http://www.apptheatre.org.

About the Appalachian Theatre

The mission of the Appalachian Theatre of the High Country is to revitalize and sustain this historic community touchstone as a quality home for diverse artists and audiences with a special focus on programs that celebrate our distinctive Appalachian heritage and enhance our capacity to serve as an economic catalyst for Boone and the High Country. Once a gorgeous 999-seat Art Deco movie house, the building closed in 2007 and sat empty and gutted for years. On October 14, 2019, the Appalachian Theatre re-opened its doors after a $10 million renovation that brought the distinctive Art Deco details back to this historic theatre and created a new 629-seat, state-of-the-art, acoustically fabulous venue for live concerts, films, plays, and dance performances. The historic Appalachian Theatre has entertained regional audiences in the heart of downtown Boone, North Carolina since 1938. http://www.apptheatre.org

About South Arts

South Arts advances Southern vitality through the arts. The nonprofit regional arts organization was founded in 1975 to build on the Souths unique heritage and enhance the public value of the arts. South Arts work responds to the arts environment and cultural trends with a regional perspective. South Arts offers an annual portfolio of activities designed to support the success of artists and arts providers in the South, address the needs of Southern communities through impactful arts-based programs, and celebrate the excellence, innovation, value and power of the arts of the South. For more information, visitwww.southarts.org.

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Filmmaker Reveals the Hidden Inequalities of Artificial Intelligence in Coded Bias in Online Screening by the Appalachian Theatre Sunday - High...

COVID-19 Recovery Analysis: Artificial Intelligence Platforms Market | Rise In Demand For AI-based Solutions to boost the Market Growth | Technavio -…

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence platforms market and it is poised to grow by $ 12.51 bn during 2020-2024, progressing at a CAGR of over 33% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alibaba Group Holding Ltd., Alphabet Inc., Amazon Web Services Inc., International Business Machines Corp., Microsoft Corp., Palantir Technologies Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., and Tata Consultancy Services Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rise in demand for ai-based solutions has been instrumental in driving the growth of the market. However, the rise in data privacy issues might hamper the market growth.

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Artificial Intelligence Platforms Market 2020-2024: Segmentation

Artificial Intelligence Platforms Market is segmented as below:

Artificial Intelligence Platforms Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence platforms market report covers the following areas:

This study identifies the rise in investments in AI start-ups as one of the prime reasons driving the artificial intelligence platforms market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Artificial Intelligence Platforms Market 2020-2024: Key Highlights

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Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Deployment

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

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Computer Vision in Artificial Intelligence (AI) Market Expected to Witness High – GroundAlerts.com

The ' Computer Vision in Artificial Intelligence (AI) market' study Added by Market Study Report, LLC, delivers an in-depth outline regarding the powerful trends existing within the industry. The study also comprises significant information concerning growth prospects, growth dynamics, market share, market size and revenue estimation of this business vertical. The report further features highlight key challenges and growth opportunities faced by the contenders of this industry, as well as enlightens the current competitive setting and growth plans enforced by the Computer Vision in Artificial Intelligence (AI) market players.

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Artificial Intelligence Market is Anticipated to Grow at a Strong CAGR by 2027 || Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc.,…

(Global News)-The data and info collected to frame this large scaleArtificial Intelligence Marketreport is based on the modules with large sample sizes. The report provides complete market analysis and forecasting, market definition, market drivers and market restraints, market share, market segmentation and analysis of key players in the market. This market report gives details about major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. This Artificial Intelligence Market market report also brings into focus key opportunities in the industry and influencing factors which aids in taking business to the new level.

Global Artificial Intelligence Market accounted for USD 16.14 billion in 2017 and is projected to grow at a CAGR of 37.3% the forecast period to 2026.

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Key Players:Global Artificial Intelligence Market

The renowned players in artificial intelligence market are Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Enlitic, Inc., Next IT Corporation, iCarbonX, Amazon Web Services, Apple, Facebook Inc., Siemens, General Electric, Micron Technology, Samsung, Xillinx, Iteris, Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, Enlitic, Inc. and Raven Industries.

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Government Is Examining The National Strategy On Artificial Intelligence – Analytics India Magazine

Rao Inderjit Singh, the Minister of State (Independent Charge) for Statistics, Programme Implementation & Planning recently said that the government is examining the national strategy on artificial intelligence and that a cabinet note on the same is under consideration.

While responding to a question in Rajya Sabha, he said that the draft cabinet note (DCN) on implementation of the national strategy on AI is being steered by MeitY and the same is under examination.

The government of India has recognised the potential of AI and belives that it can boost the countrys GDP with $957 billion by 2035. It also said that it is expected to boost Indias annual growth by 1.3% by the same year. With this in mind, MeitY and NITI Aayog are working on the national strategy on artificial intelligence, which was released in June 2018. It outlines the proposed efforts in research, development, adoption and skilling in AI.

Apart from this, the paper AIRAWAT: An AI Specific Cloud Compute Infrastructure released earlier this year proposes the design, administration structure, and component of choosing different partners to boost AI.

NITI Aayog has also proposed an investment of Rs 7,500 crore in funding five institutes or centres for research excellence (CORE), 20 international centres for transformational AI (ICTAI).

The Indian government has been quite optimistic about the benefits that AI is going to bring for the overall growth of the country, and these efforts are aimed at pushing the developments in the field and make the country an AI-power.

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Srishti currently works as Associate Editor at Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.

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Government Is Examining The National Strategy On Artificial Intelligence - Analytics India Magazine