McKinsey’s State Of Machine Learning And AI, 2017

  • Tech giants including Baidu and Google spent between $20B to $30B on AI in 2016, with 90% of this spent on R&D and deployment, and 10% on AI acquisitions.
  • Artificial Intelligence (AI) investment has turned into a race for patents and intellectual property (IP) among the world’s leading tech companies.
  • U.S.-based companies absorbed 66% of all AI investments in 2016. China was second with 17% and growing fast.
  • By providing better search results, Netflix estimates that it is avoiding canceled subscriptions that would reduce its revenue by $1B annually.

These and other findings are from the McKinsey Global Institute Study, and discussion paper, Artificial Intelligence, The Next Digital Frontier (80 pp., PDF, free, no opt-in) published last month. McKinsey Global Institute published an article summarizing the findings titled   How Artificial Intelligence Can Deliver Real Value To Companies. McKinsey interviewed more than 3,000 senior executives on the use of AI technologies, their companies’ prospects for further deployment, and AI’s impact on markets, governments, and individuals.  McKinsey Analytics was also utilized in the development of this study and discussion paper.

 

IMImobile PLC (LON:IMO) is a cloud communications software and solutions provider. The Company’s segments include Europe and Americas (Europe being substantially all to the United Kingdom), India and South East Asia (SEA), and Middle East and Africa (MEA). Its products include IMIconnect, IMIcampaign, IMIdigital, IMIchat, IMIsocial and Textlocal.

 

Gresham House Strategic PLC (LON:GHS) has a total interest of 13.5% in IMImobile PLC, correct as of 28 April 2017 month end NAV announcement, released 01 May 2017

 

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Gresham House Strategic plc

More articles like this

Head of Civils joins Van Elle

Van Elle has appointed Gary Payne as its first Head of Civils, as part of an ambitious plan to further expand the specialist offering of the company. With an impressive 25-year career with Siemens, Morgan Sindall,

What does the new tax year mean for you?

Personal allowance increases The amount of money you can earn before paying the basic rate of income tax of 20% has increased from £12,500 to £12,570. This is known as the personal allowance. It may be

Van Elle acquires ScrewFast Foundations Limited

Van Elle announced the acquisition of ScrewFast, a helical piling and steel modular foundations company, for £3.68m. Established in 2000, ScrewFast Foundations has a 15-year track record in highways, and its first rail schemes date back

How tech is improving the home buying & selling process

HM Land Registry’s new Digital Identity Standard will mean that buyers will be able to use their mobile phone to prove their identity when purchasing a property.  New research by HomeOwners Alliance shows that this move

Design Engineer delivers technical paper to Piling 2020 Conference

Van Elle Design Engineer, Lewis Yates, presented on Performance of Rock Socks in the Helsby Sandstone Formation of Central Birmingham at the virtual Piling 2020 conference on Thursday 25th March.  Hosted by the British Geotechnical Association (BGA) with support from the Federation

UK’s Oil and Gas Authority mandates ESG reporting

In March 2021, the Oil and Gas Authority (OGA) reported on the results by their Environmental, Social and Governance (ESG) taskforce focused on the ‘E’ of ESG. It evaluated environmental reporting requirements to deliver a fair

Top three interior design trends in 2021

From rustic inspiration to greener surroundings, ‘Next’ home share the UK’s most googled home decor themes to give you their top three interior design trends in 2021. If you’re keen to spruce up your home this

Top tips to keep your property transaction on track

Now more than ever there are huge incentives to keeping your home purchase or sale on track. Thanks to the pandemic, more property transactions are collapsing and the associated costs are even greater this year. You’ll

Is ‘dry development’ possible in Australia’s West?

When working in low-lying areas, development projects are often plagued by ‘water problems’—rising groundwater, complex engineering, the huge expense of fill. It’s a problem that we’ve been facing for a long time here in Western Australia

Online property auctions good or bad?

There is much to be said about the growing popularity of online property auctions, especially at a time when transactions are taking longer and over 300,000 purchases fell through last year. But is it all it’s

Sustainability at the heart of Van Elle’s strategy

From purchasing recycled products, reducing fuel consumption and waste to developing more efficient design solutions and construction techniques for our customers; sustainability is at the core of our business priorities. So today, World Engineering Day 2021,