“During a conference call with analysts, Huang said that artificial intelligence is the “single most powerful force of our time” and that there are more than 4,000 AI startups working with Nvidia. That compares to 2,000 AI startups in April 2017. And in an interview with VentureBeat, Huang said that actual number of AI startups that Nvidia is tracking is closer to 4,500.”
“Hogan notes how, in many respects, eCommerce paved the way for AI. Data collected for things such as advertising helps to train neural networks. In addition, eCommerce firms have consistently aimed to improve and optimise their algorithms for things such as recommendations to attract customers.
Nvidia has a machine called the DGX-2 which delivers two petaflops of performance. “That is one server that’s equivalent to 800 traditional servers in one box.”
Hogan says this has saved Walmart tens of billions of dollars. “This is just one example of how AI is making an impact today not just on the bottom line but also the overall performance of the business”.
Accenture is now detecting around 200 million cyber threats per day, claims Hogan. He notes how protecting against such a vast number of evolving threats is simply not possible without AI.”
“Progress in the field has been lightning fast – today, everybody who’s anybody in the Valley is racing to develop and use machine learning, neural networks, natural language processing and a range of other sub-fields to innovate and monetize. Already that race has seen intense jockeying for position, with early leaders and laggards swapping positions. Here are 10 companies making big bets on AI.”