IBM’s gobbling up AI companies left and right — and we love it

  • “Databand.ai is IBM’s fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.
  • A rapidly growing market opportunity, data observability is quickly emerging as a key solution for helping data teams and engineers better understand the health of data in their system and automatically identify, troubleshoot and resolve issues, like anomalies, breaking data changes or pipeline failures, in near real-time.”

https://thenextweb.com/news/ibm-positions-itself-as-global-big-data-boss-with-latest-acquisition/amp

IBM Was Once King of AI. CEO Arvind Krishna Is Trying to Reclaim That Title

– “Artificial intelligence is the only technique that we know that can harness and harvest all of the data that’s being produced. We know there is incredible value in all of it. Without AI, you might be able to get to 1% of it. Winning Jeopardy was really a milestone. It really put AI on the map. [But] it’s no longer a lab toy. It’s no longer in the domain of a couple of smart professors at MIT, or Stanford or Berkeley. It is something that could do something in the real world.

– Artificial intelligence is a technique whereby you learn from observed data. So, think of the simplest example: how humans do pattern matching. And by the way, AI is nowhere near as good as a 9-month-old human baby. You show them a dog three times, the fourth time they’ll say dog. In AI, maybe if you show it a million photographs of a dog, the million and one time it would say that’s the dog.”

https://time.com/6167753/arvind-krishna-ibm-ceo-interview/

How IBM is preparing for a new era of A.I. ethics

  • “‘Technology is not ethical or unethical, it’s the whole ecosystem around it,’ she says, referring to the ethics guiding its multiple stakeholders, from researchers and developers to economists, policymakers, and consumers. ‘The goal is obvious—to take the best out of A.I., to make it as beneficial as possible, and to avoid the negative impacts.’
  • As companies around the world expand their use of A.I.—more than half of companies have accelerated their A.I. adoption plans—they are taking a careful look at ethics and responsible innovation. And global spending on A.I. systems is only expected to increase from $85.3 billion in 2021 to over $204 billion in 2025, according to market research firm IDC.”

https://fortune.com/2021/12/13/ibm-artificial-intelligence-ethics-regulation-francesca-rossi/amp/

The Future of Artificial Intelligence in 2021

  • “It’s been an amazing year for AI, as we’ve seen it accelerate with the pandemic. We’ve seen adoption in businesses go from 4% to 14%. Now I would say we’re pushing 20%.
  • AI is starting to change the way that business is done. I would say the number one lesson we have learned is there is no AI without IA, meaning Information Architecture. You have to have data in order to do AI. So a lot of these projects become about how we help businesses understand their data and make their data ready for AI.”

https://www.google.com/amp/s/finance.yahoo.com/amphtml/video/future-artificial-intelligence-2021-222415932.html

HSBC launches AI-powered equity index family

“AiPEX harnesses the power of IBM Watson and EquBot’s AI to ingest and learn from the vast amounts of publicly available and continuously generated data points. These points could include company announcements, tweets, a satellite image of a store parking lot, or even the tone of language a CEO uses during an earnings presentation.”

https://www.finextra.com/newsarticle/35921/hsbc-launches-ai-powered-equity-index-family