Artificial Intelligence rocking markets, expanding applications

Updated 2017-11-21 10:04:12 Xinhua

All investments, all predictions, all ironclad future megatrends point in one direction: Artificial Intelligence (AI), experts have predicted.

The AI market segment will jump from 126 billion U.S. dollars in 2015 to 3.1 trillion by 2024, according to a Transparency Market Research prediction in September.

Thanks to AI, billionaire investor Mark Cuban says, "the upcoming decade will see the greatest technological revolution in history," and a Nov. 19 Los Angeles Times article headlined, "Chipmakers bet on the 'big bang' of artificial intelligence."

Nvidia Corporation is the world leader in AI - its NASDAQ stock more than doubling since May - to 200 U.S. dollars a share on Oct. 30 - and hitting 213 U.S. dollars a share Monday - with no end in sight.

"Nvidia's invention of the GPU (Graphics Processing Unit) in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing," Nvidia spokesperson Kristin Bryson told Xinhua.

Bryson credits the GPU as "acting as the brain of computers, robots, and self-driving cars that can perceive and understand the world," and ushering in "the next era of computing" by igniting modern AI."

Nvidia is a 7 billion dollars U.S. company headquartered in Santa Clara, California, and was founded in 1993 by Taiwanese businessman Jensen Huang.

LENOVO

Beijing-based Lenovo is also spearheading AI research and commercial applications, and highlighted these efforts at SC17 in Denver last week.

No surprise to industry experts, Lenovo confirmed to Xinhua it is ramping up its AI efforts by partnering with North Carolina State University and University College of London to further its research efforts.

"Lenovo has more than 100 data scientists and AI developers across the world," Madhu Matta, Lenovo's VP and General Manager, said in a statement.

Lenovo has launched three new global AI innovation centers and two new AI infrastructure offerings-new GPUs for ThinkSystem SD530 and the Lenovo Intelligent Computing Orchestrator (LiCO)-that are specifically engineered for AI workload deployment and management, according to Matta.

In 2013 Lenovo became the world's largest personal computer vendor by unit sales, pulling past HP, Dell, Apple and Acer, according to Gartner.

Lenovo entered the smartphone market in 2012, acquired Motorola Google in 2014, and became China's top smartphone vendor that year.

With 2016 revenues of 43 billion U,S. dollars, Lenovo is positioned to propel AI research and development headfirst into untold future earnings and applications.

At SC17 in Denver last week, Lenovo released a recent Linksys survey that said 76 percent of global IT leaders said AI was fundamental to the success of their operation's strategy.

An overwhelming 96 percent of Chinese IT leaders said AI was in their future, the survey said.

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