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Chinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains – CNBC

Kweichow Moutai is the most famous Chinese liquor brand, regarded as the national liquor in China.

Zhang Peng | LightRocket | Getty Images

BEIJING The biggest stock in the mainland Chinese "A share" market is a liquor company that analysts are betting on for the long term, despite its plunge in the last month.

Kweichow Moutai sells "baijiu" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle. Baijiu literally "white spirits" is a staple at Chinese business and government dinners for forging relationships and deals.

The stock was down about 1% year-to-date as of Monday morning, holding 2020's gains of roughly 70%.

Earlier this year, the stock's rapid surge in price drew internet memes comparing it to the GDP of Chinese cities and bitcoin's high-flying price. Cryptocurrency bitcoin has surged more than 80% this year to above $60,000.

Moutai's share price had climbed 30% from Dec. 31 to a record high just before the Lunar New Year in mid-February, when it achieved a market value of $500 billion. That's been shaved by over $100 billion in the weeks since, as shares fell more than 20% amid a broad sell-off in Chinese stocks.

But Kweichow Moutai still has a bigger valuation than any other mainland A share stock, including the giant ICBC bank, according to Wind Information.

Moutai is the strongest brand in the high-end baijiu market and will grow its share even as China's drinking culture subsides, said Luo Hao, equity analyst with Global Capital Investment at China Asset Management.

He pointed to the company's steady growth and returns for investors as reasons why he favors the stock.

Moutai expects it made about 97.7 billion yuan ($15.1 billion) in operating income last year, for growth of 10% amid the coronavirus pandemic. The company is set to release final 2020 results at the end of this month, according to Bernstein analysts.

Wind data showed that as of March 11, the liquor stock had the largest number of non-mainland institutions investing in it among A share stocks, with 101 firms holding 7.7% of the total market share. That's up from only a handful of firms earlier this year, the database showed.

Moutai and another baijiu manufacturer, Wuliangye, are the top two members of MSCI's China A index, which is tracked by many foreign funds wanting to invest in China.

"We have a positive long-term view on the China Ultra Premium Baijiu. We expect superior industry value growth to be driven by increasing incomes which will continue driving affordability led up-trading," Bernstein analysts said in a note this month.

While they prefer Wuliangye to Moutai due to supply chain and governance concerns, the Bernstein analysts still have a "buy" rating on Moutai and a price target of 2,500 yuan a share. That's up more than 20% from Moutai's Friday closing price of 2,026 yuan per share.

CNBC's Michael Bloom contributed to this report.

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If bitcoin traders respect the math, there’s money to be made – Economic Times

Bitcoin takes another breather, having recorded a record high at $61,781 over the weekend, and again those looking at Fibonacci projections would have been successful.

A 61.8 per cent Fibonacci projection off the $28,800 January 22 low, $58,354 February high and subsequent $43,021 correction gave a target at $61,285. This target was only just exceeded before the market corrected.

The current pullback from a record high could in itself have major technical significance for bitcoin bulls. A low of $54,555 removed a 38.2 per cent Fibonacci retrace level taken off the recent $43,021 to $61,781 rally. This then opens up the more significant 50 per cent retracement level at $52,401.

However, a deeper and more protracted adjustment could form the basis of a right shoulder within a head and shoulders pattern, offering potential for a sizeable move up.

The next projection off the Jan. 22 low, February high and correction gives a bull target at $65,600. But if the head and shoulders pattern plays out, objectives could be set much higher.

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PwC’s Henri Arslanian on why Bitcoin is breaking records – Consultancy.asia

As Bitcoin rallies to record highs, many are looking to make sense of the sudden price boom. PwCs Global Crypto Leader Henri Arslanian has some answers.

Bitcoin last made the headlines in 2017, when its price jumped from around 900 to nearly $20,000 in a single year, followed by a 30% drop in value shortly after. 2020 saw a similar boom. By 16th December, the cryptocurrency had broken through $20,000, before doubling in three weeks to cross $40,000 by 8th January 2021. Thats a 300% jump in 2020 alone. At the time of writing, the Bitcoin is worth over $56,000.

With the whole world grappling for answers, Henri Arslanian spoke Global Crypto Leader atPwC to CNBC to shed some light on this record-breaking trend.When you look at this Bitcoin rally that weve been seeing over the last couple of weeks and months, really theres two elements driving it.

One is the continuous entry of institutional players. Arslanian cited Paul Tudor Jones as the prime example here a billionaire hedge fund manager who first revealed his Bitcoin investments in May 2020. He has since been vocally bullish about Bitcoin, positioning it as a hedge against inflation.

Already in October, Tudor Jones told CNBC that Bitcoins rally was only in its first inning a prediction that has come through with conviction. In November, Wall Street investment fund Guggenheim Partners revealed plans to invest more than half a billion dollars in Bitcoin, which gave the price rally a remarkable boost.

According to Arslanian, more institutional players will keep joining the party. We expect this to continue over the next couple of months for various reasons. A lot of traditional insturments allow institutional investors to explore Bitcoin. Theres also a lot of regulated players as well, which was not the case a couple of years ago.

The gradual institutionalisation is giving an air of legitimacy to the cryptocurrency a deficit from which it has historically suffered. Many are now comfortable conducting large transactions via Bitcoin, putting its foot in the door of the payments market. Even PwC Hong Kong, where Arslanian sits,has previously accepted advisory fees via Bitcoin.

With bullish institutional investors leading the charge, Arslanian suggests that a fear of missing out among retail investors is the second factor fueling the latest rally. If you compare it to five years ago, where there were only five million people with an account at a crypto exchange: according to the latest data that we have, theres over 100 million people with accounts at a crypto exchange.

And the financial services world is coming around as well. Its probably never been easier to buy Bitcoin and other cryptocurriencies, especially when you consider the entry of large technology firms like a Paypal or a Square, which have made it even easier.

With the world of FinTech advancing at a rate of knots, the niche for Bitcoin is only expected to get larger even if its volatile price fluctuations continue to perplex.

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Fund Manager Warns Bitcoin Is Pointless and ‘a Particularly Vile Asset Class’ Featured Bitcoin News – Bitcoin News

Tim Bond, a portfolio manager at Odey Asset Management, has warned that bitcoin is pointless, calling the cryptocurrency a particularly vile asset class. He claims that bitcoin has no real social utility other than as a tool for speculation and a means to launder the proceeds of crime.

Tim Bond, a partner and portfolio manager at Odey Asset Management, warned about bitcoin in a recent interview with Marketwatch. Established in 1991 by billionaire Crispin Odey, the firm currently has over $3 billion in funds under management.

Before joining Odey Asset Management in 2010, Bond spent 12 years at Barclays Capital as managing director and head of global asset allocation. He previously worked at Moore Capital as a portfolio strategist and spent 10 years as a strategist and trader for Tokai Bank Europe.

As the price of bitcoin hit all-time highs several times this month, Bond was quoted as saying:

To my mind, bitcoin is a particularly vile asset class. If bitcoin starts to displace fiat currencies, governments ability to tax, spend and redistribute will be severely impaired.

Disclosing that neither he nor his company has any holding in bitcoin, the fund manager began by warning that bitcoin has no real social utility other than as a tool for speculation and a means to launder the proceeds of crime, the publication conveyed.

He then claimed that bitcoin could prevent society from functioning in an efficient and ethical manner, asserting that the cryptocurrency is an extreme form of libertarian anarchism.

The Odey fund manager proceeded to talk about bitcoin mining, claiming that the activity added CO2 emissions equivalent to the annual output of a medium-sized advanced economy. In addition, Bond further opined that as the bitcoin price rallies, so the mining activity will intensify, producing even higher levels of CO2 emissions, elaborating:

It is difficult to think of any other human activity that is simultaneously quite so pointless and quite so damaging to the planet.

Bitcoiners immediately took to Twitter to point out many flaws in Bonds arguments, urging him to do more research before commenting on bitcoin. One Twitter user wrote: This guy is just now catching up and freaking out. Every argument he makes was debunked 5 years ago. Another chimed in: Worst understanding and highest ignorance reward on bitcoin today goes to Tim Bond from Odey Asset Management. Do some more research please before making a fool of yourself.

What do you think about Tim Bonds views on bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bill Gates warned that Bitcoin investment is environmentally damaging – Business Insider

Bill Gates is one of the richest people in the world and an outspoken advocate, fighting against climate change.

In a Clubhouse interview with New York Times reporter and CNBC co-anchor Andrew Ross in February, Gates spoke out against bitcoin citing environmental damages caused by the cryptocurrency.

"Bitcoin uses more electricity per transaction than any other method known to mankind," Gates said. "It's not a great climate thing."However, he added that bitcoin's energy use may be acceptable if green energy is used and it is not "crowding out other users."

Gates clarified that he does not see climate change and bitcoin as being "closely related," and labeled himself a "bitcoin skeptic," citing a preference to invest in "products" like malaria and measles vaccines rather than cryptocurrencies.

Cryptocurrencies have become a major culprit for energy consumption, with the world's bitcoin network using as much power as the whole of Ireland in 2018.

Analysis by the University of Cambridge released earlier this year suggested that bitcoin was now consuming more electricity than Argentina, according to the BBC.

Gates is not the only one to speak out against bitcoin's environmental impact, with CIO of Socit Gnrale's Kleinwort Hambros bank, Fahad Kamal, saying bitcoin's energy use was "staggering" and a major worry for investors.

Economist Nouriel Roubini also criticized bitcoin and the growing trend in bitcoin investment, spiked by endorsements from Tesla chief Elon Musk.

"Since the fundamental value of bitcoin is zero and would be negative if a proper carbon tax was applied to its massive polluting energy-hogging production, I predict that the current bubble will eventually end in another bust," Roubini said.

However, others have stood behind bitcoin and the cryptocurrency soared to record highs on February 21, reaching $58,640. "Mad Money" host Jim Cramer previously told Sorkin on CNBC that it was "almost irresponsible" for companies not to own bitcoin.

Meanwhile, Ark Invest founder Cathie Woods said she expected the price of bitcoin to rise between $40,000 and $400,000 and that digital wallets would gut traditional banks.

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Bitcoin hits another record as largest token extends 2021 rally – Mint

Bitcoin is picking up momentum once again, reclaiming a record amid optimism that the largest digital token will achieve wider adoption.

The cryptocurrency climbed to as high as $59,473.16, bouncing back from a rout at the end of February following a previous peak set that month. Its benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.

Bitcoins resilience is proving to be the stuff of legend," said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender. Every correction is an opportunity to reset and restart the move upwards."

Bitcoin is up about 1,000% in the past year amid signs of increasing institutional interest as well as speculative demand. Advocates champion the cryptocurrency as a store of value akin to gold that can act as a hedge against inflation and a weaker dollar. Others argue that the rally is a giant stimulus-fueled bubble on track to burst like it did in the 2017-2018 boom-and-bust cycle.

Industry participants and some strategists point to wider take up as one reason why the current bull run is different.

Examples include Tesla Inc.s $1.5 billion investment in Bitcoin and Chief Executive Officer Elon Musks endorsements of the digital asset on social media. Billionaire investor Mike Novogratz, who runs Galaxy Digital Holdings Ltd., has said that Bitcoin could reach $100,000 by the end of the year.

The announcement from the White House is very significant for risk assets in general, and crypto-assets specifically," said Simon Peters, an analyst at multi-asset investment platform eToro, adding that the floodgates" are now open in terms of new liquidity.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Artificial Intelligence In 2021: Five Trends You May (or May Not) Expect – Forbes

5 Trends in AI 2021

Artificial Intelligence innovation continues apace - with explosive growth in virtually all industries. So what did the last year bring, and what can we expect from AI in 2021?

In this article, I list five trends that I saw developing in 2020 that I expect will be even more dominant in 2021.

MLOps

MLOps (Machine Learning Operations, the practice of production Machine Learning) has been around for some time. During 2020, however, COVID-19 brought a new appreciation for the need to monitor and manage production Machine Learning instances. The massive change to operational workflows, inventory management, traffic patterns, etc. caused many AIs to behave unexpectedly. This is known in the MLOps world as Drift - when incoming data does not match what the AI was trained to expect. While drift and other challenges of production ML were known to companies that have deployed ML in production before, the changes caused by COVID caused a much broader appreciation for the need for MLOps. Similarly, as privacy regulations such as the CCPA take hold, companies that operate on customer data have an increased need for governance and risk management. Finally, the first MLOps community gathering - the Operational ML Conference - which started in 2019, also saw a significant growth of ideas, experiences, and breadth of participation in 2020.

Low Code/No Code

AutoML (automated machine learning) has been around for some time. AutoML has traditionally focused on algorithmic selection and finding the best Machine Learning or Deep Learning solution for a particular dataset. Last year saw growth in the Low-Code/No-Code movement across the board, from applications to targeted vertical AI solutions for businesses. While AutoML enabled building high-quality AI models without in-depth Data Science knowledge, modern Low-Code/No-Code platforms enable building entire production-grade AI-powered applications without deep programming knowledge.

Advanced Pre-trained Language Models

The last few years have brought substantial advances to the Natural Language Processing space, the greatest of which may be Transformers and Attention, a common application of which is BERT (Bidirectional Encoder Representations with Transformers). These models are extremely powerful and have revolutionized language translation, comprehension, summarization, and more. However, these models are extremely expensive and time-consuming to train. The good news is that pre-trained models (and sometimes APIs that allow direct access to them) can spawn a new generation of effective and extremely easy-to-build AI services. One of the largest examples of an advanced model accessible via API is GPT-3 - which has been demonstrated for use cases ranging from writing code to writing poetry.

Synthetic Content Generation (and its cousin, the Deep Fake)

NLP is not the only AI area to see substantial algorithmic innovation. Generative Adversarial Networks (GANs) have also seen innovation, demonstrating remarkable feats in creating art and fake images. Similar to transformers, GANs have also been complex to train and tune as they require large training sets. However, innovations have dramatically reduced the data sizes of creating a GAN. For example, Nvidia has demonstrated a new augmented method for GAN training that requires much less data than its predecessors. This innovation can spawn the use of GANs in everything from medical applications such as synthetic cancer histology images, to even more deep fakes.

AI for Kids

As low-code tools become prevalent, the age at which young people can build AIs is decreasing. It is now possible for an elementary or middle school student to build their own AI to do anything from classifying text to images. High Schools in the United States are starting to teach AI, with Middle Schools looking to follow. As an example - in Silicon Valleys Synopsys Science Fair 2020, 31% of the winning software projects used AI in their innovation. Even more impressively, 27% of these AIs were built by students in grades 6-8. An example winner, who went on to the national Broadcom MASTERS, was an eighth-grader who created a Convolutional Neural Network to detect Diabetic Retinopathy from eye scans.

What does all this mean?

These are not the only trends in AI. However, they are noteworthy because they point in three significant and critical directions

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Artificial Intelligence In 2021: Five Trends You May (or May Not) Expect - Forbes

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Regulatory Cross Cutting with Artificial Intelligence and Imported Seafood | FoodSafetyTech – FoodSafetyTech

Since 2019 the FDAs crosscutting work has implemented artificial intelligence (AI) as part of the its New Era of Smarter Food Safety initiative. This new application of available data sources can strengthen the agencys public health mission with the goal using AI to improve capabilities to quickly and efficiently identify products that may pose a threat to public health by impeding their entry into the U.S. market.

On February 8 the FDA reported the initiation of their succeeding phase for AI activity with the Imported Seafood Pilot program. Running from February 1 through July 31, 2021, the pilot will allow FDA to study and evaluate the utility of AI in support of import targeting, ultimately assisting with the implementation of an AI model to target high-risk seafood productsa critical strategy, as the United States imports nearly 94% of its seafood, according to the FDA.

Where in the past, reliance on human intervention and/or trend analysis drove scrutiny of seafood shipments such as field exams, label exams or laboratory analysis of samples, with the use of AI technologies, FDA surveillance and regulatory efforts might be improved. The use of Artificial intelligence will allow for processing large amount of data at a faster rate and accuracy giving the capability for revamping FDA regulatory compliance and facilitate importers knowledge of compliance carrying through correct activity. FDA compliance officers would also get actionable insights faster, ensuring that operations can keep up with emerging compliance requirements.

Predictive Risk-based Evaluation for Dynamic Imports Compliance (PREDICT) is the current electronic tracking system that FDA uses to evaluate risk using a database screening system. It combs through every distribution line of imported food and ranks risk based on human inputs of historical data classifying foods as higher or lower risk. Higher-risk foods get more scrutiny at ports of entry. It is worth noting that AI is not intended to replace those noticeable PREDICT trends, but rather augment them. AI will be part of a wider toolset for regulators who want to figure out how and why certain trends happen so that they can make informed decisions.

AIs focus in this regard is to strengthen food safety through the use of machine learning and identification of complex patterns in large data sets to order to detect and predict risk. AI combined with PREDICT has the potential to be the tool that expedites the clearance of lower risk seafood shipments, and identifies those that are higher risk.

The unleashing of data through this sophisticated mechanism can expedite sample collection, review and analysis with a focus on prevention and action-oriented information.

American consumers want safe food, whether it is domestically produced or imported from abroad. FDA needs to transform its computing and technology infrastructure to close the gap between rapid advances in product and process technology solutions to ensure that advances translate into meaningful results for these consumers.

There is a lot we humans can learn from data generated by machine learning and because of that learning curve, FDA is not expecting to see a reduction of FDA import enforcement action during the pilot program. Inputs will need to be adjusted, as well as performance and targets for violative seafood shipments, and the building of smart machines capable of performing tasks that typically require human interaction, optimizing workplans, planning and logistics will be prioritized.

In the future, AI will assist FDA in making regulatory decisions about which facilities must be inspected, what foods are most likely to make people sick, and other risk prioritization factors. As times and technologies change, FDA is changing with them, but its objective remains in protecting public health. There is much promise in AI, but developing a food safety algorithm takes time. FDAs pilot program focusing on AIs capabilities to strengthen the safety of U.S. seafood imports is a strong next step in predictive analytics in support of FDAs New Era of Smarter Food Safety.

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Artificial Intelligence in Military Market worth $11.6 billion by 2025 – Exclusive Report by MarketsandMarkets – PRNewswire

CHICAGO, March 15, 2021 /PRNewswire/ -- According to the new market research report "Artificial Intelligence in Military Marketby Offering (Software, Hardware, Services), Technology (Machine Learning, Computer vision), Application, Installation Type, Platform, Region - Global Forecast to 2025",published by MarketsandMarkets,the Artificial Intelligence in Military Marketis estimated at USD 6.3 billion in 2020 and is projected to reach USD 11.6 billion by 2025, at a CAGR of 13.1% during the forecast period. An increase in funding from military research agencies and a rise in R&D activities to develop advanced AI systems are projected to drive the increased adoption of AI systems in the military sector.

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Artificial Intelligence (AI) is becoming a critical part of modern warfare as it can handle massive amounts of military data in a more efficient manner as compared to conventional systems. It improves the self-control, self-regulation, and self-actuation abilities of combat systems using inherent computing and decision-making capabilities. Some industry experts have noted that the COVID-19 pandemic has not affected the demand for Ai in Military, especially for military end use. Companies such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), BAE Systems (UK), Rafael Advanced Defense Systems (Israel) and Thales Group (France) received contracts for the supply of AI systems to the armed forces of various nations in the first half of 2020, showcasing continuous demand during the COVID-19 crisis.

Even though the COVID-19 pandemic has caused a large-scale impact on economies across the world, leading to many challenges, the AI in military market has continued to expand. This can be seen from both, the demand and supply sides, as leading manufacturers like Lockheed Martin (US), IBM (US), Northrop Grumman (US), and others continue to invest heavily in developing AI capabilities, and governments continue to invest significantly in securing these systems. This can be attributed to governments realizing the potential of improved capabilities that these AI systems offer in terms of defense arsenal as the global AI arms race tightens.

However, even though the development of AI technology witnessed expansion, the overall building of the AI systems saw a hit. This was a result of the shortage of raw materials due to disruptions in the supply chain. Resuming manufacturing and demand depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, and import-export regulations, among other factors. Although companies may still be taking in orders, delivery schedules might not be fixed.

Increasing Threats of Cyber Attacks is driving the growth of the defense applications that leverages AI

The defense industry across countries is constantly under threat of cyberattacks. For instance, in September 2019, SolarWinds, a US technology company, was hacked, revealing sensitive data of many hospitals, universities, and US government agencies. Another notable incident was in October 2020, when the FBI and the US Cyber Command announced that a North Korean group had hacked think tanks, individual experts, and government entities of the US, Japan, and South Korea to illegally obtain intelligence, including that on nuclear policies.

Current cybersecurity technology falls short in terms of tackling advanced ransomware and spyware threats. The above mentioned SolarWinds hack was revealed when FireEye, a cybersecurity provider, was probing one of its own hacks. Such incidents indicate the increasing importance of having advanced cybersecurity capabilities. Artificial intelligence-based cybersecurity solutions that can be trained to independently gather data from various sources, analyze the data, correlate it to the signals indicating cyberattacks, and take relevant actions, can be deployed.

Browsein-depth TOC on"Artificial Intelligence in Military Market"

164 Tables 77 Figures278 Pages

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Based on platform, the space segment of theArtificial Intelligencein military market is projected to grow at the highest CAGR during the forecast period

Based on platform, the space segment of the Artificial Intelligence in military market is projected to grow at the highest CAGR during the forecast period. The space AI segment comprises CubeSat and satellites. Artificial intelligence systems for space platforms include various satellite subsystems that form the backbone of different communication systems. The integration of AI with space platforms facilitates effective communication between spacecraft and ground stations.

Software segment of theArtificial Intelligencein Military market by offering is projected to witness the highest CAGR during the forecast period

Based on offering, the Software segment is projected to witness the highest CAGR during the forecast period. Technological advances in the field of AI have resulted in the development of advanced AI software and related software development kits. AI software incorporated in computer systems is responsible for carrying out complex operations. It synthesizes the data received from hardware systems and processes it in an AI system to generate an intelligent response. Software segment is projected to witness the highest CAGR owing to the significance of AI software in strengthening the IT framework to prevent incidents of a security breach.

The North America market is projected to contribute the largest share from 2020 to 2025 in theArtificial Intelligencein Military market

The US and Canada are key countries considered for market analysis in the North American region. This region is expected to lead the market from 2020 to 2025, owing to increased investments in AI technologies by countries in this region. This market is led by the US, which is increasingly investing in AI systems to maintain its combat superiority and overcome the risk of potential threats on computer networks. The US plans to increase its spending on AI in military to gain a competitive edge over other countries.

The North America US is recognized as one of the key manufacturers, exporters, and users of AI systems worldwide and is known to have the strongest AI capabilities. Key manufacturers of Ai systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon. The new defense strategy of the US indicates an increase in Ai spending to include advanced capabilities in existing defense systems of the US Army to counter incoming threats.

Related Reports:

Military Embedded Systems Marketby Component (Hardware, Software), Server Architecture (Blade Server, Rack-Mount Server), Platform (Land, Airborne, Naval, Space), Installation (New Installation, Upgradation), Application, Services, and Region - Global Forecast to 2025.

Network Centric Warfare (NCW) Marketby Platform (Land, Air, Naval, Unmanned), Application (ISR, Communication, Computer, Cyber, Combat, Control & Command), Mission Type, Communication Network, Architecture, and Region - Global Forecast to 2021

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MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Artificial Intelligence and the Art of Culinary Presentation – Columbia University

How can culinary traditions be preserved, Spratt asked, when food is ultimately meant to be consumed? UNESCO recognizes French cuisine as an intangible heritage, which it defines as not the cultural manifestation itself, but rather the wealth of knowledge and skills that is transmitted through it from one generation to the next.

The gastronomic algorithms project, in contrast, emphasizes the cultural manifestation itself. Specifically, the project focuses on the artistic dimension of plating through Passards use of collages to visually conceive of actual plates of food. Taking this one step further, the project also explores how fruit-and-vegetable-embellished paintings by the Italian Renaissance artist Giuseppe Arcimboldo (1526-1593) could be reproduced through the use of artificial intelligence tools.

Spratt then asked the leading question of her research: How could GANs, a generative form of AI, emulate the culinary images, and would doing so visually reveal anything about the creative process between the chefs abstracted notions of the plates and collages, and their actual visual execution as dishes?

Experimenting With Datasets

Although Passards collages are a source of inspiration for his platings, a one-to-one visual correlation between the appearance of both does not exist. The dataset initially comprised photos posted by Passard on Instagram, images provided by the restaurants employees, and photos captured by Spratt at L'Arpge during each of the different seasons. This was later supplemented by images of vegetables and fruits on plates, as well as sliced variations procured from the internet using web scraping tools.

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