Artificial Intelligence is currently in trend. And Machine Learning and AI have the capability to generate a business of value about $3.9 trillion by the year 2022, according to the research conducted by a firm named Gartner. McKinsey is a consulting firm, which conducted a survey of different businesses implementing Artificial Intelligence.
According to the reports released by McKinsey, about 82 percent of the businesses generate positive results from investing their money on Artificial Intelligence. Also, due to AI, the productivity and satisfaction of the customers have improved drastically. Even Financial firms make use of Artificial Intelligence for the detection of frauds.
According to the estimations made by the IDC, a research firm, cognitive systems, and Artificial Intelligence promise to triple your investment within the year of 2018 to 2022 that extends from 24 billion dollars to 77.6 billion dollars, resulting in a compound growth of about 37.3%.
Several tech companies aim to achieve the tit-bits of Artificial Intelligence to have a better command over the tech-world. The list of these companies extends to the cloud computing firms, which own quite a massive amount of data centers, where all the data and information is processed and stored as well.
The microchip producing companies do take in interest in Artificial Intelligence and Machine Learning as well due to the apparent requirements of processing a vast amount of data for the production of next-gen GPUs, FPGAs, and CPUs. Also, the software companies that deal with the organization of information and data and primarily work on the production of the Artificial Intelligence programs, and some of the IT consultancies that help the substantial business firms in the implementation of Machine Learning and AI are a sucker for AI.
While Intel had managed to release the very first products of 3D Xpoint OPtane in the month of April, Micron has taken over the throne of Artificial Intelligence and taking control of IMFT into its hands by announcing the release of all the 3D Xpoint products in the previous week.
On the 24th of October, Micron in a very slewed manner dropped the press release for the introduction of its very first product of 3D Xpoint SSD, which is the X100. The products will have specific features, including speed that is about three times more than the very recent Flash-based SSD NAND, possessing endurance more than 11 times and improved user-end experience.