Saturday, October 7, 2017

Google's AI is much smarter than Siri

Today's top stories: Oracle launches blockchain service, Walmart to offer same-day delivery in New York City, AR Is Now a Must-Have in Retail, and much more
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Google's AI is much smarter than Siri

Google's artificial intelligence (AI) is much smarter than Apple's Siri, according to a report from three Chinese researchers.

The report, which aimed to compare the intelligence of various AI systems, found that in 2016, Google's AI had an IQ of 47.3, ahead of Chinese search engine Baidu (33), Microsoft's Bing (32), and Siri (24).

But while Google's AI leads the tech pack, it has a long way to go before it comes close to human intelligence. The average 6-year-old has an IQ of 55.5, according to the report.

BI Intelligence analyst Laurie Beaver has the full story.


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RESEARCH IN FOCUS

The Mobile Carrier Landscape

In a new report from BI Intelligence, we examine where the wireless industry stands as a result of the price war and uptick in data demand from consumers. We also look at how technological advancements and the adoption of new product lines could incentivize the next wave of revenue growth for telecoms. Finally, we explore potential barriers to carriers' growth, and examine which of the Big Four carriers are poised to lead the pack. Learn More →

The Small Business Fintech Report

This report will look at the areas in which incumbents have failed SMBs when it comes to financial services provision — including credit, digital business services, and bank accounts — and give examples of where fintechs have successfully filled the gaps. It will also provide examples of incumbents that have introduced new SMB products in response, and our verdict on which type of supplier — fintech or incumbent — will dominate each area of the market for SMB-focused financial services products. Learn More →

The Payments Ecosystem Report

In a new report, BI Intelligence explores the digital payments ecosystem today, its growth drivers, and where the industry is headed. It begins by tracing the path of an in-store card payment from processing to settlement across the key stakeholders. That process is central to understanding payments, and has changed slowly in the face of disruption. The report also forecasts growth and defines drivers for key digital payment types through 2021. Finally, it highlights five trends that are changing payments, looking at how disparate factors, such as surprise elections and fraud surges, are sparking change across the ecosystem. Learn More →
 
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BRIEFING HIGHLIGHTS

Oracle launches blockchain service

Oracle introduced Blockchain Cloud Service at its OpenWorld conference on Monday, as the database giant works hard to make its cloud more competitive with IBM's and Microsoft's offerings. Read More →

Walmart to offer same-day delivery in New York City

Walmart has acquired New York City-based logistics startup Parcel for less than $10 million, a source told Recode. Parcel was founded in 2013, and previously raised $2 million from investors. Read More →

AR Is Now a Must-Have in Retail

Consumers now expect retailers to have some form of an augmented reality (AR) experience, according to a report by DigitalBridge. Of the consumers surveyed, 20% said they expect retailers to have an AR tool now that iOS 11 has been released, while 49% say they expect retailers to launch AR features within the next six months. Read More →

PayPal-Mastercard deal goes global

PayPal and Mastercard are taking their strategic partnership fully global, announcing a "significant expansion" to Canada, Europe, Latin America and the Caribbean, and the Middle East and North Africa on Thursday. Previously, the firms had inked deals in the APAC region and the US. Read More →

Goldman Sachs ponders Bitcoin trading

Investment banking behemoth Goldman Sachs is considering introducing a new trading operation for Bitcoin and other major cryptocurrencies. Read More →

Here's how Google's approach to its smart speaker differs from Amazon

Google announced a pair of new smart speakers and added a number of new capabilities for its smart home ecosystem, setting forward its vision for the connected home and the role of the voice assistant in it. Read More →

Whole Foods' sales soar on Amazon

Whole Foods has already sold approximately $1.6 million worth of its private-label products through Amazon, just one month after its acquisition by the e-commerce titan. Read More →

Apple Music could still struggle to catch Spotify

Apple Music reached 30 million subscribers, up from 27 million in June, Billboard reports. The figure puts Apple Music at half the subscriber count of Spotify, which last reported 60 million paid subscribers in July. Read More →

Domino's has a big slice of the voice payments pie thanks to Amazon's Alexa

One in five Domino's customers in the UK place voice-command orders through Amazon's virtual voice assistant, Alexa, instead of through Domino's one-click Easy Order option. Read More →

App usage is growing, but only a few apps are reaping the benefits

The increasingly dominant role smartphones are playing in users' lives has prompted the app market to surge. In 2016, total time spent in apps globally hit 1.6 trillion hours, up over 50% from the previous year, according to App Annie. Read More →
 
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CHARTS OF THE WEEK

Venmo faces stiff competition from Square Cash and Zelle

Venmo faces stiff competition from Square Cash and Zelle

Influencer partnerships are a must-have for brands

Influencer partnerships are a must-have for brands

Here's what global businesses are doing to tackle IoT security

Here's what global businesses are doing to tackle IoT security
 
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