Report: Big Data, Cloud Computing to Help Drive Artificial Intelligence Market Growth

Market Research Engine report predicts the global artificial intelligence market will grow at a 37 percent annual compound growth rate through 2024 to reach $191B.

The research company said Sunday the growth of big data, a demand for intelligent virtual assistants and the adoption of cloud computing applications and services are among the factors that will drive AI market over the next six years.

Key industry players featured in the report include IBM, Microsoft and Google.

The market report categorized AI into machine learning, natural language processing, speech recognition and image processing technology areas.

Check Also

Smartsheet

Smartsheet Collaboration Platform Gets DISA Provisional Authorization at Impact Level 4

The Defense Information Systems Agency has granted Smartsheet provisional authorization for the company's collaborative work management platform to support at impact level 4 data in a cloud computing environment.

stock trading

Report: Public Exchange Sets $7.25 as Palantir Reference Price via Direct Listing

Denver-based software company Palantir Technologies is scheduled to debut Wednesday on the New York Stock Exchange through direct listing and NSYE said the company’s listing will have a reference price of $7.25 a share, CNBC reported Tuesday.

John Mengucci CEO CACI International

CACI Gets $59M Task Order to Continue DoD Financial System Support; John Mengucci Quoted

CACI International will continue to help the Department of Defense's comptroller office manage, secure and maintain financial systems under a potential $59M task order. “CACI looks forward to providing DoD budget expertise and technology to the Office of the Under Secretary of Defense with comprehensive support in modernizing and maintaining our customer’s critical mission systems," said John Mengucci, president and CEO of CACI and a 2020 Wash 100 awardee.