Artificial intelligence (AI) is gradually becoming a big part of our lives. From automatic photo tagging on social networking platforms to scheduling a cab by simply speaking to a virtual assistant, AI has already started making certain tasks easier.
Not surprisingly, there’s a lot of money to be made in this space and annual worldwide AI revenue will grow to nearly $90 billion by 2025, according to Tractica. Let’s look at three technology companies that are aggressively integrating AI into their offerings to take advantage of this massive opportunity: software giant Microsoft (NASDAQ:MSFT), cybersecurity specialist Palo Alto Networks (NYSE:PANW), and cloud communications company Twilio (NYSE:TWLO).
The battle for AI superiority in the cloud is heating up, and Microsoft is trying to stay ahead of the curve through its mission of democratizing the technology. The company wants to provide software and service support to developers, in the cloud, so that they can create AI applications.
To achieve this goal, Microsoft has created an entire stack of AI tools, services, and infrastructure that help improve the productivity and lower development costs for data scientists and developers. For instance, its recently launched Azure Machine Learning tools are meant to help developers quickly develop, deploy, and experiment with AI models using any type of data at any scale across both public and private cloud infrastructure.
This brings down the development time and costs for creating AI applications, increasing the appeal of Microsoft’s Azure cloud platform for enterprise customers who will choose the same to host their AI applications. The bottom line is that Microsoft wants to provide AI-as-a-service through its Azure cloud service, and the good news is that the strategy is already working. Read more from fool.com…
thumbnail courtesy of fool.com