Artificial Intelligence Is Increasing Its Applications As Markets Expand

It is estimated that the global market for Artificial Intelligence (AI), would increase to .1 trillion by 2024 form 126 billion U.S. dollars in 2015, says a Transparency Market Research prediction.

Billionaire investor Mark Cuban says, thanks to AI, “the upcoming decade will see the greatest technological revolution in history.”

Since May of this year, the shares of Nvidia Corporation, one of the world leaders in AI, nedarly doubled in value at the NASDAQ stock exchange and touched $200 dollars on Oct. 30. The rise in the stocks seems unending at present.

“Nvidia’s invention of the GPU (Graphics Processing Unit) in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing,” Nvidia spokesperson Kristin Bryson said.

Bryson credits the GPU as “acting as the brain of computers, robots, and self-driving cars that can perceive and understand the world,” and ushering in “the next era of computing” by igniting modern AI.”

Founded by Taiwanese businessman Jensen Huang in 1993, Nvidia is headquartered in Santa Clara, California, and is valued at $7 billion dollars.

The efforts of Beijing-based Lenovo were highlighted SC17 in Denver last week and the company is engaged in AI research and commercial applications.

With the aim of furthering its research efforts the company is now collaborating with University College of London and North Carolina State University.

“Lenovo has more than 100 data scientists and AI developers across the world,” Madhu Matta, Lenovo’s VP and General Manager, said in a statement.

According to Matta, Lenovo has launched the Lenovo Intelligent Computing Orchestrator (LiCO) which deals specifically with AI workload deployment and management in addition to two new AI infrastructure offerings-new GPUs for ThinkSystem SD530 and three new global AI innovation centers. According to Gartner, overtaking HP, Dell, Apple and Acer, the position of the world’s largest personal computer vendor by unit sales was attained by Lenovo in 2013.

Inspur, on the other hand, now had increased its number of employees to 26,000 from a mere 2,500 in 2006, says Jun Liu, General Manager of AI and HPC for Inspur, based in Shandong, China. The company is engaged in the manufacturing of server hardware and in the development of AI software.

The company’s growth in sale has been on the upswing since 2011when it reached 37 billion Yuan. Global retailer giants Alibaba, Tencent, and JD.com and Baidu procured most of their AI infrastructure from the 62-year-old IT company last year.

“The AI business grows automatically,” Liu noted and cited “hot areas” such as “autonomous driving, voice recognition, video analysis, voice analysis recognition/response, finance, and health and medicine.”

Saying that the company is focusing on providing computer capabilities, Liu said that “algorithms, deep learning and computing software,” are the keys to pushing this technology.

(Adapted from News.xinhuanet.com)

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