- “According to tech entrepreneur and Dallas Mavericks owner Mark Cuban, the world’s first trillionaire won’t be a hedge fund manager, oil baron, or social media tycoon. It will be someone who masters AI.
- According to CB Insights, $4 billion was invested in private healthcare AI startups last year. And that included 367 deals. That was the most money of any sector!
- Alibaba (BABA) recently created a new AI algorithm that can diagnose the coronavirus in as little as 20 seconds! That’s 45 times faster than humans can. And it’s reportedly 96% accurate.”
- “Feifei believes AI is “yet to make a big impact” and remains limited to heuristics like computer vision, speech, and voice recognition. But, he feels that one thing’s crystal clear: AI will in time play a big role in the way business is conducted.
- At Alibaba, we have the Auto Scaler; you can automate and monitor workloads without having people to do tasks. It is on demand and elastic, which means businesses save on cost. It includes even NewSql.
- We can use AI for common scenarios. For example, we can help ecommerce or traditional systems to manage their latency and scalability and use algorithms to ensure that databases are secure and running fine.”
“The secret to stopping the deadly coronavirus is hidden in its genome. Epidemiologists in China are currently racing to develop a vaccine and other treatments for the novel coronavirus, which has already killed at least 170 people and infected thousands. China’s Center for Disease Control and Prevention (CDC) said researchers isolated virus strains for vaccine development, according to a report from state media last week. Similar efforts have been going on in Australia, where scientists have recreated the virus and shared the genome sequence.”
“The growth rate, water and nutrition content of each lettuce can be monitored in real-time, making it possible to carry out customised management of each farm. Min said the AI brain helped Haofeng cut its water and fertiliser use by 10 per cent, saving the company 15 million yuan (US$2.1 million) per year.”
Founder and CEO at North Summit Capital
- “Chinese e-commerce giants Alibaba and JD.com reported nearly $60 billion in sales Monday part way through Singles Day
- Alibaba said sales by merchants on its platforms totaled 221.6 billion yuan ($31.7 billion) by 6 p.m., passing last year’s total of $30.8 billion.
- Online sales of goods rose 16.8% over a year earlier in the first nine months of 2019 to 5.8 trillion yuan ($825 billion)
- E-commerce made up 19.5% of Chinese consumer spending, compared with about 11% of spending for American consumers.”