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The #AIEye: Intel (Nasdaq: $INTC) Partners With Olympics Committee, Organizers To Drive Tokyo 2020 With Advanced Tech And IBM (NYSE: $IBM) Collaborating With ŠKODA AUTO University

The #AIEye: Intel (Nasdaq: $INTC) Partners with Olympics Committee, Organizers to Drive Tokyo 2020 with Advanced Tech and IBM (NYSE: $IBM) Collaborating with ŠKODA AUTO University

Global Citizens Services #AI Market to Reach $14.3 Billion by 2026

Point Roberts WA, Vancouver BC – September 11, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence(AI) brings you today’s edition of The AI Eye- watching stock news, deal tracker and advancements in artificial intelligence.

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Read this in full at The AI Eye: Intel (Nasdaq: $INTC) Partners with Olympics Committee, Organizers to Drive Tokyo 2020 with Advanced Tech and IBM (NYSE: $IBM) Collaborating with ŠKODA AUTO University

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:INTC) (NYSE:IBM)

Intel Corporation (NasdaqGS:INTC) is partnering with the International Olympic Committee (IOC), the Tokyo Organizing Committee of the Olympic Games (Tokyo 2020) and others to drive the future of the Olympic Games Tokyo 2020 with its technology. One example that leverages AI technology is 3D Athlete Tracking (3DAT), which the press release explains as:

“…a first-of-its-kind computer vision solution using artificial intelligence to enhance the viewing experience for Olympic fans with near real-time insights and overlay visualizations during athletic events. Developed by Intel and hosted on Intel-based data centers in Alibaba’s cloud infrastructure, 3DAT, in partnership with Olympic Broadcast Services (OBS), uses four pan-tilt mounted, highly mobile cameras to capture the form and motion of athletes, then apply pose estimation algorithms, optimized for Intel® Xeon® processors, to analyze the biomechanics of athletes’ movements. The system transforms that data into broadcast overlay visualizations available during replays of the 100M and other sprinting events.”

IBM (NYSE:IBM) has signed an agreement of collaboration with ŠKODA AUTO University which will provide the latter’s students with academic courses in new areas including artificial intelligence, Big Data and high performance computing across a broad range of programs. Zuzana Kocmanikova, CGM IBM Czech Republic, explained:

"Under the agreement IBM teams will help develop new technical skills for students of this private college. Our mission is to enable students to graduate with direct hands-on experience of 'industrial strength' tools that will help them in their chosen career. Technology, including AI, is now embedded in every industry, and college students will need to constantly evolve and adapt for their future careers as new types of jobs are created.”

Global Citizens Services AI Market to Reach $14.3 Billion by 2026

A report from 4ARC Research finds that global Citizen Services AI market will grow from approximately $1 billion in 2018 to $14.3 billion in 2026 with a compound annual growth rate (OTCPK:CAGR) of 46.4 percent in the forecast period 2019-2026. An excerpt from the report summary reads:

Growing demand of IT infrastructure in government departments and need of automation process is expected to drive the market growth. IT modernization helps in managing or replacing aging hardware and software solutions with more automated and innovative solutions. For instance, as per govloop Government of [the] United States has planned to invest 78 percent of USD 82 billion federal IT spending on IT infrastructure. Furthermore, Specifically, 5,233 of the government’s approximately 7,000 IT investments had spent on all O&M activities. Such spending has increased over the last 7 years. Thus, rising IT infrastructure for advancing and modernizing manual process is expected to drive the market growth.

Sam Mowers, Investorideas.com

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