Read this week's top 5 news updates in deep learning and AI: a new study shows 1 in 4 companies will fail at 50% of their AI projects, Microsoft invests in artificial general intelligence, AI/ML is top of mind for corporate executives, Walmart and NVIDIA are transforming retail with AI, and the top 45 AI companies.

1. INSIGHTS INTO THE NEW
TOP 5
DEEP LEARNING
COMPUTING MODEL

2. 2
DEEP LEARNING IS THE
FASTEST-GROWING FIELD IN
ARTIFICIAL INTELLIGENCE (AI)

3. 3
TOP 5
1. IDC: For 1 in 4 Companies, Half of All AI Projects
Fail
2. Microsoft Invests $1 Billion in OpenAI to Pursue
Holy Grail of Artificial Intelligence
3. Why AI/ML is Top of Mind with Corporate
Executives
4. Walmart, NVIDIA Discuss How They’re Working to
Transform Retail
5. Top 45 Artificial Intelligence Companies

4. 4
IDC: FOR 1 IN 4 COMPANIES, HALF OF ALL AI PROJECTS
FAIL
IDC’s Artificial Intelligence Global Adoption Trends
& Strategies report summarized the results of a May
2019 survey.
“Organizations that embrace AI will drive better
customer engagements and have accelerated rates of
innovation, higher competitiveness, higher margins, and
productive employees,” said IDC Artificial Intelligence
Strategies vice president Ritu Jyoti. “Organizations
worldwide must evaluate their vision and transform their
people, processes, technology, and data readiness to
unleash the power of AI and thrive in the digital era. ”
“[…] as AI accelerates toward the mainstream,
organizations will need to have an effective AI strategy
aligned with business goals and innovative business
models to thrive in the digital era.”
#1
SOURCE: https://venturebeat.com/2019/07/08/idc-for-1-in-4-companies-half-of-all-ai-projects-fail/
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5. 5
MICROSOFT INVESTS $1 BILLION IN OPENAI TO PURSUE
HOLY GRAIL OF ARTIFICIAL INTELLIGENCE
Microsoft will be investing a billion dollars into
Silicon Valley startup OpenAI to create artificial
general intelligence.
“Microsoft is investing $1 billion in OpenAI, a San
Francisco-based research lab founded by Silicon Valley
luminaries, including Elon Musk and Sam Altman, that’s
dedicated to creating artificial general intelligence
(AGI).
The investment will make Microsoft the “exclusive”
provider of cloud computing services to OpenAI, and the
two companies will work together to develop new
technologies. OpenAI will also license some of its tech to
Microsoft to commercialize, though when this may
happen and what tech will be involved has yet to be
announced.”
#2
SOURCE: https://www.theverge.com/2019/7/22/20703578/microsoft-openai-investment-partnership-1-billion-azure-artificial-general-intelligence-agi
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6. 6
WHY AI/ML IS TOP OF MIND WITH CORPORATE EXECUTIVES
Learn why artificial intelligence and machine
learning are so high on corporate executive’s
priority lists.
“From around every corner, from behind every door and
through every window our lives are being disrupted by
artificial intelligence with embedded machine learning.
The escalation and widespread global availability of
AI/ML solutions in every possible emergent embryotic
product has triggered it as the 'top of mind' blueprint
with the majority of global corporate executives with
many retail and healthcare Executives as early
adopters.”
#3
SOURCE: https://www.cio.com/article/3411057/why-ai-ml-is-top-of-mind-with-corporate-executives.html
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7. 7
WALMART, NVIDIA DISCUSS HOW THEY’RE WORKING TO
TRANSFORM RETAIL
At VentureBeat Transform, Walmart CDO Bill
Groves discussed Walmart’s machine learning
ecosystem:
“The paradigm has flipped, now we have things available
to us that we never had,” Groves said in a conversation
with Josh Patterson, NVIDIA’s general manager for data
science, noting that, in the past, data scientists didn’t
have access to the computing power to put ideas like
neural networks to work.”
“GPUs are going to make technologies like that available
to us and we’re going to solve a lot of problems,” he
added.
#4
SOURCE: https://blogs.nvidia.com/blog/2019/07/11/walmart-nvidia/
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8. 8
TOP 45 ARTIFICIAL INTELLIGENCE COMPANIES
These artificial intelligence companies are
advancing technology through myriad developments
of AI systems.
“Artificial intelligence has exploded in the past few
years, with dozens of AI startups and major AI initiatives
by big name firms alike. The New York Times estimates
there are 45 AI firms working on chips alone, not to
mention the dozens of AI software companies working on
machine learning, deep learning and AI projects.”
#5
SOURCE: https://www.datamation.com/artificial-intelligence/top-artificial-intelligence-companies.html
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9. SEE HOW AI IS DRIVING
INNOVATION IN BUSINESS
SEE THE RESULTS