PR NEWSWIRE, London, May 10h 2019
The expert members of the 42.cx Index Rebalancing Committee Meeting got together and conducted the quarterly review of the AI-42 INDEX™ constituents, discussed the latest Artificial Intelligence trends and shared market insights from their delegation visit to China.
The rise of AI companies globally is continuing, with the AI-42 INDEX™ Q1/2019 closing at 10.677,55 points, an increase of 2.465,24 points (+30,02%) since the beginning of this year. The index, which is expressing the global growth of the 42 top public companies in the field of Artificial Intelligence, grew +127,53% since January 3rd 2017.
The cyber-security sector continues to lead the most promising growth class. More and more devices are being connected with each other due to the trend of IoT (“Internet of Things”), it is becoming more and more challenging to provide the necessary security systems, especially for private individuals. The race against cyber threads is fuelled by upcoming new technologies, especially with Quantum computing coming soon.
China is continuing to put massive efforts into becoming their self-declared goal of being the “AI Superpower”. Our expert team visited some of the most promising AI companies in China to get more insights into the status quo. One of the biggest advantages of China is the availability of data. With almost no privacy restrictions in place, the local AI companies are able to obtain millions of visual datasets, collected from CCTV systems all around the cities. This allows them to create unparalleled computer vision related machine learning applications like facial and emotion recognition.
“China’s AI presence in Western media is generating both alarm and acquiescence. The danger is that this can lead us to over and/or underestimate what is happening on the ground across China. Sticking to the facts, it was only in May 2017 when China’s Ministry of Science and Technology announced its decision to add AI 2.0 to the line-up of the planned Science and Technology Innovation 2030 Megaprojects. The overall initiative was launched as part of the 13th Five-Year National Science and Technology Innovation Plan, including (amongst others) robotics, big data and intelligent manufacturing.“ says Mike Halsall, Expert Member of the Advisory Board of 42.
Another trend, the notion of a Digital Twin, is now being widely adopted. It is rapidly becoming the technology of choice for virtualizing the physical and digital worlds. Similar to the evolution of AI, the notion of Digital Twin began around 60 years ago, in the pioneering era of the space exploration. At that time, the US National Aeronautics and Space Administration (NASA) was grappling with the challenge of designing objects that could travel so far away they would be beyond the human ability to see, monitor or modify them directly. NASA's innovation was the “digital twin” of a physical system – a comprehensive digital double which people could use to operate, simulate and analyse an underlying system led by physics.
„Digital Twins strengthen the “human front-end” of all we do, making it more dynamic, faster learning, and also highly interactive. Furthermore, they offer excellent opportunities to investigate the unexpected and discover the very best solutions – true to the motto “It is not the technology that changes the world but the way people use it”.", explains Jivka Ovtcharova, Expert Member of the Advisory Board of 42.
As simulations of – especially – real live environments is an extremely complex task, AI is empowering this trend.
42.cx, July 9h 2019
ARTIFICIAL INTELLIGENCE puts the world in which we live and work in a fundamental upheaval. Like never before, whole industries and lifestyles change. A race for the future has begun at a moment when a great deal is at stake. "Any profound change also offers new opportunities for all who recognize the signs of the times." Under this motto, the Institute for Information Management in Engineering at the Karlsruhe Institute of Technology is...Read more...
42.cx, Giacomo Bonavera, June 14h 2019
42.cx is the leading research, advise and market intelligence provider for financial institutions in the area of Artificial Intelligence. As an independent authority, 42.cx classifies the AI market and constantly monitors 11.000+ companies in the field of Artificial Intelligence. 42.cx issues Market Intelligence Special Reports to different topics about the AI industry.
NVIDIA (NASDAQ: NVDA) share price slumped to half the value from its last year highs. While...Read more...
42.cx, PRESS RELEASE, May 10h 2019
The expert members of the 42.cx Index Rebalancing Committee Meeting got together and conducted the quarterly review of the AI-42 INDEX™ constituents, discussed the latest Artificial Intelligence trends and shared market insights from their delegation visit to China. The rise of AI companies globally is continuing, with the AI-42 INDEX™ Q1/2019 closing at 10.677,55 points, an increase of 2.465,24 points (+30,02%) since the beginning of this year. The index, which is expressing the global growth of the...Read more...
42.cx, Mike Halsall, May 7th 2019
In February 2018, the FT published an article outlining ‘Why we are in danger of overestimating AI’, arguing that ‘considerably more work is needed before we can reach the long-dreamt-of moment when machine intelligence matches the human variety’. By 2030, just 11 years from now, China has vehemently expressed its ambition to ‘lead the world in AI’. Is this a realistic ambition, or has China become entirely conceited in the midst of its new-found wealth and growing economic muscle?Read more...
42.cx, PRESS RELEASE, March 29th 2019
41.35% of so called AI companies do not use AI at all. 10,861 public and private companies have been analysed worldwide. New AI Market Intelligence Platform helps Venture Capital firms, Private Equity companies, asset managers, analysts, family offices and financial institutions to identify investment opportunities.
42.cx, Gabriele Zedlmayer, March 15th 2019
So there seems to be trouble in Paradise. The globe is facing massive challenges like climate change, cyber-crime, shortage of available resources, political instability and the potential of massive job loss because everything that can be automated will be. At the same time, we are seeing unprecedented opportunities like we have never before. Algorithms help us to better diagnose, predict and prevent diseases, they revolutionize the education sector by treating each student as an individual, and they free us from many repetitive and often cumbersome tasks.Read more...
42.cx, Anne Gfrerer, March 9th 2019
In the last years, technology has gradually become invisible and digital ubiquity is arising in our daily work and private lives. This is also true for artificial intelligence and its impact for companies to succeed in the digital age. Organizations must foster their digital readiness, which decides about their future business model and which encompasses a...Read more...
42.cx, Jivka Ovtcharova, February 21st 2019
We live in exciting times. Artificial Intelligence (AI) is fundamentally transforming the world with all its facets. Even if it has been around for a while in science and technology, aiming to create machines with some form of human intelligence, over time AI has become an inseparable part of our daily lives, personal as well as professional. Online searching engines, financial transactions, digital personal assistants, image and voice recognition are...Read more...