Global Artificial Intelligence Market Projected to Top $7 Billion by End of 2018

PALM BEACH, Florida, July 10, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

More and more people are familiar with the term Artificial Intelligence (AI). After all it's been a popular focus in movies such as The Terminator or The Matrix. Recently many are now hearing about other terms like "Machine Learning" and "Deep Learning," sometimes used interchangeably with artificial intelligence. A rapidly growing number of companies are adopting machine learning solutions, setting up accelerators, opening R&D centers, and investing into startups. Advancements in the artificial Intelligence market are boosting projections as the multi-billion dollar industry continues to surge with machine learning becoming more and more necessary in day to day operations. According to statista, the AI market is projected to reach $7.3 billion by the end of 2018. Additional factors influencing growth include new products, uses of various forms of the technology and increased access.. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Microsoft Corporation (NASDAQ:MSFT), International Business Machines Corporation (NYSE:IBM), Splunk Inc. (NASDAQ:SPLK), Baidu Inc. (NASDAQ:BIDU).

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is proud to announced that it successfully completed Phase 1 in the development of Avant! AI infrastructure. Gopher is now moving into Phase 2 - semantic segmentation machine learning system development.

Avant! AI engine infrastructure is the base foundation for the system and was successfully completed with advanced automation and manual features. This means that Avant! AI will be able to make its "own decisions" based on experience and also will be able to receive manual information by humans, in order to increase its knowledge base. In this way, Avant! AI has the capability to expand on its own and with the assistance of humans if necessary. This is an essential infrastructure feature in order to enable Avant! to learn from its experience and human experts as well. For example, Avant! will learn about Gopher GEO tracking technology and, in addition, Gopher's expert engineers will able to feed it additional information in order to enhance Avant! knowledge in the field. In addition, Avant! will be able to connect to other core AI engines to collaborate and share information across network, upon necessary permissions.