SAP chief executive Bill McDermott is preparing the German software giant for the next big trend in the world of technology: artificial intelligence. The company is working hard to become the market leader in machine learning for businesses, its CEO told Handelsblatt.
By Andres Loubriel on June 15, 2014 Comments Off on Artificial Intelligence Could Be Taking Over the Stock Market
IBM is spending $33 billion to acquire Red Hat, pledging to maintain the Raleigh, N.C., pioneer's legacy of innovation on open-source software that can be run across computing platforms. IBM, which has its headquarters close by Greenwich in Armonk, N.Y., trumpeted the deal announced Sunday as helping Big Blue push a vision of a "hybrid cloud" paradigm in which businesses can run their software applications over the internet for access from any device, as well as within their own information technology infrastructure. Red Hat stockholders are getting $190 for each share, which closed below $117 on Friday and spiked by more than half Monday morning to $172.
It was hailed as the most significant test of machine intelligence since Deep Blue defeated Garry Kasparov in chess nearly 20 years ago. Google’s AlphaGo has won two of the first three games against grandmaster Lee Sedol in a Go tournament, showing the dramatic extent to which AI has improved over the years. That fateful day when machines finally become smarter than humans has never appeared closer—yet we seem no closer in grasping the implications of this epochal event.
Google confirmed the acquisition to Re/code, which reports that it will pay $400 million for the London-based company.
The next movie you watch could have been optioned, performed, edited, and recommended by artificial intelligence.
Walmart wants to use AI for cleaner, more efficient stores.
Gain access to global coverage from local journalists on the ground in 50+ countries working around the clock to break news, analyze, spot risks and opportunities.
Meta's technology helps doctors sift through the thousands of research papers published daily.
Artificial Intelligence is likely to benefit the industry by making the deal sourcing, due diligence and exit processes both more accurate and easier to negotiate.