Volkswagen to boost production with AI tech
German auto giant, Volkswagen, has announced that it will be introducing computer vision AI technology to boost its production by at least 30 percent by the year 2025. The technology extracts information from optical data and analyzes and evaluates it using artificial intelligence (AI)The manufacturer says that first two Computer Vision solutions from the group companies Porsche and Audi are currently being prepared for a group-wide roll- out. The image recognition technology is currently being tested at Porsche’s Leipzig plant.
Ipsos research shows public thumbs up for AI and face recognition
Two thirds of adults across 26 countries support the use of artificial intelligence and facial recognition by their government to maintain order in the country, but only under certain circumstances and subject to strict regulations, according to World Economic Forum survey. Only 19 percent say it should be allowed as much as needed, even at the risk of citizens giving up their privacy. At the other end of the spectrum, 16 percent say that it should not be allowed under any circumstances in order to fully guarantee everyone’s privacy at all times. The findings come from a survey of 20,107 adults from 26 countries conducted for the World Economic Forum on Ipsos’s Global Advisor online platform.
Siemens extends Xcelerator to transform electronic systems
An expanded Capital electrical/electronic (E/E) systems development software has been announced by Siemens Digital Industries. Build- ing upon capabilities for design, manufacture and service of electrical systems, the portfolio is now expanded to encompass E/E system and software architectures, network communications and embedded software development. As part of the Xcelerator portfolio of software, services and application development platform, Capital is integrated with adjacent Siemens solutions, including the Teamcenter portfolio for product lifecycle management, NX software for mechanical design and Mendix low code development environments, which creates the world’s most comprehensive E/E systems development solution to efficiently engineer today’s smart products.
IDC forecasts global spending on AI to double in four years
Worldwide spending on artificial intelligence (AI) is forecast to double over the coming for years and hit $110 billion by 2024, according to new data from IDC. The figure, which comes from the analyst firm’s latest Worldwide Artificial Intelligence Spending Guide, calculates a CAGR of 20.1% as adopting AI becomes a ‘must’ in the enterprise. In particular, companies will utilize AI to deliver a better customer experience, as well as help employees to become better at their jobs. Automated customer service agents, sales process recommendation and automation, as well as automated threat intelligence and prevention, are the primary use cases outlined by IDC. Retail and banking are the two industries most likely to splurge in the coming years. The former, unsurprisingly, will focus more on customer experience, while the latter will invest on fraud analysis and investigation, as well as program advisors and recommendation systems.