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IDC: Annual Worldwide Spending on AI Systems to Reach $98 Billion by 2023

An International Data Corporation (IDC) report predicts that worldwide AI spending will grow two-and-a-half times from $37.5 billion to $97.9 billion between 2018 and 2023, a compound annual growth rate of 28.4 percent over the five-year period.

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Huawei Launches Ascend 910 AI Processor and MindSpore Dev Framework

Huawei Technologies has announced the commercial availability of the Ascend 910 chip, the long-awaited AI processor aimed at datacenters and designed to compete with top U.S. chip makers. The company also launched a new AI computing framework, called MindSpore.

2019 C-Suite Survey Illuminates AI Outlook

A recent survey of about 450 global executives and board members reveals that top executives are both excited and concerned about the emergence of artificial intelligence and its impact on business operations.

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Group Seeks Standards for Homomorphic Encryption

The 2019 Homomorphic Encryption Standardization Workshop aims to develop standards around an advanced data encryption scheme that can revolutionize secure data storage.

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Neural Network Chips Bring Voice Activation to Battery Powered Devices

The universe of voice-enabled devices could be expanding, thanks to recent advances in ultra-low power microcontrollers that use deep learning to recognize common wake words.

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Intel and Lenovo Collaborate to Advance HPC and AI

Chip-maker Intel and leading computer manufacturer Lenovo announced a multiyear collaboration to leverage the convergence of high performance computing and artificial intelligence.

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Microsoft Leverages Blockchain for AI Development

The Microsoft Research has taken a step toward "democratizing AI" with a project aimed at developing a new open-source framework that will leverage blockchain technology.

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VMware Acquires Stanford AI/ML Startup

VMware seeks to bolster next-generation carrier networks and applications with the acquisition of Uhana, a startup providing highly-scalable, low-latency, real-time stream processing and AI services to improve network performance.

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Nvidia Proposes AI-Savvy Benchmark for Supercomputer Performance

Since 1993, the Top 500 list has ranked supercomputers based on their performance in the High Performance Linpack (HPL) benchmark. Now Nvidia proposes that the organization expand its testing suite to include an AI-savvy benchmark called HPL-AI.

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Machine Learning Market to Grow to Nearly $21 Billion by 2024

A report by Zion Market Research projects that spending around machine learning is growing sharply, from about $1.58 billion in 2017 to $20.83 billion in 2024.

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Microsoft, OpenAI Team Up for Next-Generation AI Development

Microsoft in July announced that it was investing $1 billion into artificial intelligence (AI) research lab as part of a partnership to accelerate development of advanced AI solutions and services.

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Intel Launches Scaled-up, 8 Million Neuron Neuromorphic System

Intel announced the release of Pohioki Beach, an 8 million neuron neuromorphic system that the company says can deliver huge gains in performance and energy efficiency over traditional, CPU-based deep learning systems.

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Open Source ML.NET Machine Learning Framework Gets Update

Microsoft released ML.NET 1.2, adding new features and functionality to its open source machine learning framework that can be used for use cases ranging from sentiment analysis to sales forecasting.

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