Google and Facebook Team Up
Two of the biggest tech companies on the market are combining their efforts to improve artificial intelligence (AI).
Yes, Google and Facebook have announced that they will be working together to lead the way in AI tech. This will mean that each company's AI technologies will work better and, more importantly, together.
On Tuesday, Google and Facebook announced that an unspecified number of engineers are working to make Facebook's open-source, machine-learning PyTorch framework function with Google's computer chips for machine learning (tensor processing units).
Google and Facebook have been competitors and rivals for years. So, these two companies joining forces to enhance each other's AI technologies says a lot.
Google Cloud director of product management Rajen Sheth said in a recent blog post:
Today, we're pleased to announce that engineers on Google's TPU team are actively collaborating with core PyTorch developers to connected PyTorch to Cloud TPUs. The long-term goal is to enable everyone to enjoy the simplicity and flexibility of PyTorch while benefiting from the performance, scalability, and cost-efficiency of Cloud TPUs.
Facebook product manager for AI Joseph Spisak said in a separate blog post from Google:
Engineers on Google's Cloud TPU team are in active collaboration with our PyTorch team to enable support for PyTorch 1.0 models on this custom hardware.
AI Grows Bigger
AI technologies like deep learning are continuing to grow in popularity. And tech giants are exploring different ways to include these technologies into their own business platforms.
The deep-learning market is expected to exceed more than $18 billion by 2024. So, it's no surprise that tech giants are working to improve their technologies. And it'll be a market that brings us a lot of rewards, especially to investors.
You already see these technologies in action on Facebook. When you upload pictures of what you did over the weekend, the system can automatically recognize your friends in the photos.
Both Google and Facebook platforms use software applications like face recognition. But we're only skimming the surface when it comes to these types of technologies. There are so many bigger technologies out there that will change technology and the world, as we know it...
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Gaining Forces; Gaining Momentum
Now, with Google and Facebook working together on AI, you'll want to start paying attention to this market. And you'll want to keep an eye on these two companies, as well.
Tech companies have been hush-hush about their plans with AI. But imagine joining forces with another tech company and becoming a leading force in the AI race...
Information Services Group (ISG) principal analyst Blair Hanley Frank said:
This announcement is a critical step to help ensure more people have access to the best hardware and software capabilities to create AI models.
Expanding framework support can help cloud providers like AWS, Google, and Microsoft drive additional usage of their platforms.
He went on to say:
That means it makes sense for them to support as broad a set of development tools as possible, to try and attract as many customers as they can.
Google and Facebook have also said Amazon and Microsoft are "deepening their investment" in the PyTorch software.
Technologies involved within the realm of the AI market are taking off. And you'll regret not being a part of this market in its early stages.
Until next time,
Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.