SYS-CON MEDIA Authors: Zakia Bouachraoui, Elizabeth White, Pat Romanski, Liz McMillan, Yeshim Deniz

News Feed Item

Artificial Intelligence to Reach a New Level With Infusion of Blockchain Technology Innovation

PALM BEACH, Florida, May 31, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

As artificial intelligence (AI) technologies and platforms become integral to advanced operations in nearly every industry, blockchain is inserting itself as a means to enhance AI applications in both form and function. Blockchain has the potential to allow AI technologies to become more collaborative in nature and therefore increase their operating efficiency. Additionally, the potential for bolstered revenue streams is also apparent, as blockchain is projected to grow to $20 billion by 2024 according to Transparency Market Research and the Grand View Research projects the AI market will be worth more than $35 billion by 2025. As previously noted, leaders in the AI landscape are turning to blockchain to finetune various applications. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Overstock.com Inc. (NASDAQ:OSTK), Xunlei Limited (NASDAQ:XNET), Pareteum Corporation (NYSE:TEUM), NVIDIA Corporation (NASDAQ:NVDA).

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, formed a joint venture with the formation of a limited liability company, Gopher Protocol Costa Rica Sociedad De Responabilidad Limitada ("Gopher CR"), in Costa Rica with the Lara Group with both parties owning 50% of Gopher CR, which will be managed by Mauricio Lara Ramos, Esq. Gopher CR intends to invest and develop AI-BlockChain assets or businesses in Latin America with initial efforts focused on smart contracts.

"I am looking forward to working with Gopher and using their technological resources, intellectual property and financial backing to find new solutions for the underserved and under-banked markets of Latin America that represent an approximate market of 250 million people. The applications for blockchain solutions are unlimited and I look forward to combining local assets with the Gopher's platform to potentially create new revenue streams for Gopher CR" stated Mr. Lara. Read this and more news for GOPH at http://www.marketnewsupdates.com/news/goph.html

Other recent and current developments in the tech industry include:

Overstock.com Inc. (NASDAQ:OSTK) finished Wednesday up 1.35% with a volume north of 1.3 million. The company also announced it has been selected to deliver a keynote address during the world's largest Apache Spark event, the Spark + AI Summit taking place in San Francisco from June 4-6. Chris Robison, lead data scientist at Overstock, has been instrumental in building the leading artificial intelligence and machine learning technologies to achieve real-time personalization at Overstock. He will present on martech innovations in building a successful marketing technology infrastructure for instantaneous individualized marketing experiences. "I'm honored to showcase our team's work at the Spark + AI Summit," said Robison., "Our team is filled with some of the industry's leading minds, focused on creating cutting-edge technology. What we have built, with tools like Databricks, brings millisecond speeds to personalization." Robison is part of a keynote speaker lineup that features presenters from companies at the cutting-edge of technology.

Xunlei Limited (NASDAQ:XNET) recently announced it has launched StellarCloud and ThunderChain Open Platform to build a blockchain ecosystem in a product introduction ceremony held in Beijing on May 16, 2018. The StellarCloud is a shared cloud computing platform which will expand Xunlei's existing Content Delivery Network (CDN) services to Infrastructure as a Service (IaaS). It also offers edge computing, function computing and shared CDN (SCDN) solutions. The StellarCloud is created to help companies in their transition to cloud, including content delivery, live streaming, data storage and artificial intelligence (AI). During the ceremony, iQIYI (Nasdaq: IQ), an innovative market-leading online entertainment service in China, entered into a strategic cooperation agreement with Xunlei with respect to the StellarCloud. The ThunderChain is a high-performance blockchain infrastructure that can concurrently process over a million transactions per second (TPS). Now with the ThunderChain Open Platform, third-party developers and companies, especially start-ups, can easily build, migrate and manage decentralized applications (DApps) with low operating costs.

Pareteum Corporation (NYSE:TEUM) recently announced an established Global Mobile Virtual Network Operator (MVNO) has chosen Pareteum's Global Cloud Service Platform (GCSP), a single-source solution, to launch their new European-based MVNO. The 3-year agreement will add $8 million in revenue beginning end of 2018. The Global Enterprise customer will use Pareteum's GCSP to expand their business and grow revenue from a new European based MVNO. Their 100 thousand existing customers will be moved to the Pareteum GCSP as soon as the project launch is complete, enabling the MVNO to offer more options for secure and reliable connectivity for voice, data and SMS. "Pareteum redefines the industry standard by coloring outside the lines. Marketing companies seek mastery and innovation when it comes to superior subscriber experience. Recognizing this need, Pareteum designed an Insight Engine that uses Predictive Analytics to allow marketing companies better management of subscribers and their experience, irrespective of network," commented Vic Bozzo, Chief Executive Officer of Pareteum.

NVIDIA Corporation (NASDAQ:NVDA) recently announced NVIDIA HGX-2™, the first unified computing platform for both artificial intelligence and high-performance computing. The HGX-2 cloud server platform, with multi-precision computing capabilities, provides unique flexibility to support the future of computing. It allows high-precision calculations using FP64 and FP32 for scientific computing and simulations, while also enabling FP16 and Int8 for AI training and inference. This unprecedented versatility meets the requirements of the growing number of applications that combine HPC with AI. A number of leading computer makers today shared plans to bring to market systems based on the NVIDIA HGX-2 platform. "The world of computing has changed," said Jensen Huang, founder and chief executive officer of NVIDIA, speaking at the GPU Technology Conference Taiwan, which kicked off today. "CPU scaling has slowed at a time when computing demand is skyrocketing. NVIDIA's HGX-2 with Tensor Core GPUs gives the industry a powerful, versatile computing platform that fuses HPC and AI to solve the world's grand challenges."


DISCLAIMER:  MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  MNU is NOT affiliated in any manner with any company mentioned herein.  MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed MNU has been compensated twenty three hundred dollars for news coverage of the current press releases issued by Gopher Protocol Inc. by a non-affiliated third party.  MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
[email protected]  
+1(561)325-8757

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Docker is sweeping across startups and enterprises alike, changing the way we build and ship applications. It's the most prominent and widely known software container platform, and it's particularly useful for eliminating common challenges when collaborating on code (like the "it works on my machine" phenomenon that most devs know all too well). With Docker, you can run and manage apps side-by-side - in isolated containers - resulting in better compute density. It's something that many developer...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Kubernetes as a Container Platform is becoming a de facto for every enterprise. In my interactions with enterprises adopting container platform, I come across common questions: - How does application security work on this platform? What all do I need to secure? - How do I implement security in pipelines? - What about vulnerabilities discovered at a later point in time? - What are newer technologies like Istio Service Mesh bring to table?In this session, I will be addressing these commonly asked ...
The KCSP program is a pre-qualified tier of vetted service providers that offer Kubernetes support, consulting, professional services and training for organizations embarking on their Kubernetes journey. The KCSP program ensures that enterprises get the support they're looking for to roll out new applications more quickly and more efficiently than before, while feeling secure that there's a trusted and vetted partner that's available to support their production and operational needs.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It's clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Th...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...
xMatters helps enterprises prevent, manage and resolve IT incidents. xMatters industry-leading Service Availability platform prevents IT issues from becoming big business problems. Large enterprises, small workgroups, and innovative DevOps teams rely on its proactive issue resolution service to maintain operational visibility and control in today's highly-fragmented IT environment. xMatters provides toolchain integrations to hundreds of IT management, security and DevOps tools. xMatters is the ...
With the rise of Docker, Kubernetes, and other container technologies, the growth of microservices has skyrocketed among dev teams looking to innovate on a faster release cycle. This has enabled teams to finally realize their DevOps goals to ship and iterate quickly in a continuous delivery model. Why containers are growing in popularity is no surprise — they’re extremely easy to spin up or down, but come with an unforeseen issue. However, without the right foresight, DevOps and IT teams may lo...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, presented a revolutionary model enabled by new technologies. Learn how business and develop...