In a wonderfully titled report, Creating Shareholder Value with AI? Not so Elementary, My Dear Watson, the Equity Research company, Jefferies, LLC, take a hard look at IBM’s bet on cognitive computing, or Artificial Intelligence (AI). The 53 page report is well worth reading to understand why the research analysts consider IBM, despite significant investment in to their cognitive computing platform, Watson is losing the opportunity in AI and hence the authors consider IBM stock to under perform.
On a positive note for AI researchers they do acknowledge there is serious business and economic interest in AI, citing Andrew Ng’s Stanford talk on AI as the new Electricity:
AI is the New Electricity….Our checks confirm that a wide range of organizations are exploring incorporating AI in their business, mostly using Machine and Deep Learning for speech and image recognition applications.
Read more: Creating Shareholder Value with AI?