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Deep Learning and Neural Networks Drive a Potential $7.9 Trillion AI Economy
USA News Group Commentary
VANCOUVER, BC, April 29, 2024 /PRNewswire/ — USA News Group – As artificial intelligence (AI) continues to permeate the corporate landscape, its potential economic impact is becoming increasingly clear. According to McKinsey & Company’s recent analysis, which spans 63 different use cases, the data suggests that generative AI could contribute as much as $7.9 trillion to the global economy annually in the foreseeable future. The market has already responded, as the Cloud & AI Confidence Index reached nearly $8 trillion in the first quarter of 2024, showing the potential for generative AI to be “unlimited”. One major aspect of the AI revolution is the rapid progression of deep machine learning and neural networks, which are each making major strides thanks to the advancements being made by developers, such as Tesla, Inc. (NASDAQ: TSLA) (NEO: TSLA), Accenture plc (NYSE: ACN), Palantir Technologies Inc. (NYSE: PLTR), ServiceNow, Inc. (NYSE: NOW) (NEO: NOWS), and Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF).
With the endless possibilities for deep machine learning being revealed consistently across several sectors, AI-based tech developer Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) recently underwent a name change and broadened its scope of potential clientele—no pun intended. Branching beyond its previous AI efforts involving agriculture, Scope has shifted the focus of its proprietary asset called GEM (General Enterprise Machine Learning) to be used in such sectors as digital marketing/advertising, and online gaming.
As part of the operational shift, the company recently announced veteran Adtech, Gaming and Publishing executive James Young as its new CEO. Young brings over 25 years of leadership experience to Scope AI, with the intention to branch out GEM’s capabilities to new sectors and potential clientele.
“We are thrilled to welcome James as our new CEO,” said James Liang, former CEO of Scope AI. “With his extensive experience and leadership qualities, we are confident that James will guide Scope to new heights and deliver value to our shareholders, customers, and employees.”
According to the company’s new website, Scope‘s initial target markets will be the advertising and gaming industries, and upon successful beta testing, the company will expand to several other industries to meet the demands of businesses.
At its core, GEM is designed to allow businesses to create their own object detection, visual information systems, and a complete neural network. With its intuitive web-interface, Scope sees GEM helping retail businesses easily set up an object detection system to monitor inventory levels and customer interactions in real-time, with capabilities for CRM, enhanced login and account security, and data encryption.
“I am honored to lead Scope AI and very excited about the opportunity to work with such a talented team with incredible tech,” said James Young, new CEO of Scope AI. “Together, we will build a strong foundation and drive sustainable growth in the years ahead.”
Another CEO that’s championing AI and sees where it is headed is one of the Top 3 richest people in the world, namely Elon Musk, CEO of Tesla, Inc. (NASDAQ: TSLA) (NEO: TSLA). According to Musk, not only is AI advancing rapidly, but he believes that the tech sector will achieve what’s known as Artificial General Intelligence (AGI) within the next two years. The concept of AGI is that of a theoretical AI system with capabilities that rival or even surpass those of a human, which many researchers believe we are still decades, if not centuries, away from achieving.
Musk sees this challenge and is engaging in what he calls the “craziest talent war I’ve ever seen” to secure the best AI engineers on the planet, having recently boosted his company’s engineers’ pay grades to keep them away from potential poachers. Another bold idea that Musk has recently floated is the potential use of Tesla’s massive fleet of EVs to power a cloud computing service that would rival Amazon’s AWS.
“There’s a potential… when the car is not moving to actually run distributed inference,” said Musk on a recent earnings call with investors. “If you imagine the future perhaps where there’s a fleet of 100 million Teslas and on average, they’ve got like maybe a kilowatt of inference compute. That’s 100 gigawatts of inference compute, distributed all around the world.”
Meanwhile, Tesla is also enticing customers with a 33% drop in price for its Full Self-Driving software in its vehicles. Musk has even claimed that Tesla vehicles equipped with Full Self-Driving (FSD) capabilities are “appreciating assets,” potentially valued between $100,000 and $200,000—due to their potential as robotaxis. Tesla first released its FSD v12 earlier this year, letting its vehicle’s controls to be handled by neural nets rather than being coded by programmers.
Much like Scope AI‘s GEM, the visual recognition capabilities of Tesla’s systems are constantly learning by what they see and absorb in terms of data.
“FSD Beta v12 upgrades the city-streets driving stack to a single end-to-end neural network trained on millions of video clips, replacing over 300k lines of explicit C++ code,” said Tesla in the release notes of the v12 update. This means that the vehicle’s behaviours will also be powered by AI at all times, like its vision system, rather than being coded by engineers.
Similar to Musk’s observations regarding AGI, Accenture plc (NYSE: ACN) sees what it calls “Human by Design” technologies driving the productivity of the future. The term reflects an idea of AI being more human-like and intuitive for people to use. In early March, Accenture made a big splash in the sector by committing to invest $1 billion over three years to acquire developer Udacity to build on to and scale up its Accenture LearnVantage platform to help its clients with the comprehensive technology learning and training services to help reskill and update people working in technology, data, and AI and to reinvent organizations to achieve greater business value.
Accenture followed this up roughly a month later with the acquisition of Cognosante, a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies, under its subsidiary Accenture Federal Services.
Another developer getting the attention of federal governments is Palantir Technologies Inc. (NYSE: PLTR), which recently secured a $178.4-million contract with the US Army for its TITAN AI-enabled ground station, which are now being referred to as the Army’s “first AI-defined vehicle.” Palantir then quickly followed this deal up by being designated as an “Awardable” vendor for the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace, with two of the company’s offerings being added to the Marketplace and being made available to support critical missions across the Department of Defense (DoD).
“Our inclusion in the Tradewinds Marketplace will enable Palantir to deliver innovative, AI-enabled mission command and logistics capabilities to service members at a pace that exceeds most traditional procurement pathways,” said Akash Jain, President of Palantir USG. “This unique Marketplace for commercial technology adoption would not be possible without the agile acquisition authorities made available by Congress, as well as the Department’s leadership in embracing modern procurement solutions to ensure the U.S. maintains its edge over global competitors.”
Working to improve digital workflow, developers at ServiceNow, Inc. (NYSE: NOW) (NEO: NOWS) recently furthered its generative AI leadership with new capabilities in its Washington, D.C. platform release. New features have been added to ServiceNow’s Now Assist GenAI experiences, which offer responsible, intelligent automation embedded into the ServiceNow platform. Recently ServiceNow released its Q1 2024 financial results, reporting significant year-over-year growth in subscription revenues (25%) and total revenues (24%).
“As leaders seek significant productivity improvements, ServiceNow has first mover advantage with years of investment in AI technology and talent,” said Bill McDermott, Chairman and CEO of ServiceNow. “Our GenAI offerings are the fastest selling in the company’s history. We are humbled by the trust our customers are investing in our platform. As we engineer Now Assist AI into every business workflow across every enterprise, we are giving people the power to know more, care more, and do more.”
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope AI Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope AI Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope AI Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope AI Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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Revolutionising Cricket Premier League: Max Sevostianov – COO at Betbazar, shares insights on how AI-Cricket and hyper-local data products are helping Operators engage, convert, and retain players year-round
With the start of the Premier League cricket season in India, what key trends are you seeing in the iGaming industry around this sport?
We’re witnessing explosive demand for faster, more immersive cricket content. Ball-by-ball gaming is really taking off, driven by players who crave real-time action and micro-engagements. This has pushed Operators to double down on mobile-first experiences — speed, accessibility, and UX are everything in this space.
Another standout trend is hyper-localisation. It’s no longer enough to offer cricket content in English — platforms are integrating regional languages, tailoring promotions based on local fandoms, and weaving in fantasy-style formats that resonate deeply with Indian audiences.
Perhaps the biggest shift we’re seeing is strategic: cricket is evolving from a seasonal event to a sustainable, year-round revenue channel. Operators aren’t just riding the IPL wave — they’re building ecosystems around domestic leagues, international fixtures, and even niche formats, ensuring engagement doesn’t drop off after the final.
Do you think the league will trigger a revenue surge for South Asian Operators? What should they focus on to make the most of this opportunity?
Absolutely — the Premier League is essentially Black Friday for cricket in India and the wider South Asian market. It’s the peak of the calendar, where user engagement and volumes skyrocket. But high traffic alone doesn’t guarantee high returns.
To truly capitalize on this opportunity, Operators need robust infrastructure. That means rock-solid uptime, especially during critical moments like the toss or final overs when activity spikes. Fast bet settlements, wide market coverage — from traditional formats to more niche or prop bets — and content that keeps users hooked, like virtuals or eCricket, are all must-haves.
This season, the winners won’t just be those with the most users — they’ll be the ones who can scale seamlessly, automate efficiently, and deliver content that’s as thrilling as the match itself.
What cricket-related products are currently making the biggest impact in the iGaming market?
Three products are really making waves right now.
First, Virtual (AI) and eCricket formats are proving to be game-changers. These always-on experiences keep players engaged even between live matches, maintaining momentum throughout the season and beyond.
Second, high-frequency data feeds are unlocking a new level of interactivity. Instant markets, player props, and ball-by-ball gaming are now the norm, providing users with a dynamic and deeply immersive experience, especially appealing to mobile users who seek fast, responsive gameplay.
Finally, localised and gamified content is crucial. We’re seeing strong traction with fantasy-style elements and UI’s designed specifically for cricket fans. When combined with regional language support and tailored promotions, this kind of personalisation boosts both engagement and long-term retention.
These innovations are driving serious volume — and, more importantly, keeping players coming back.
Betbazar recently launched a new product – AI Cricket. Can you walk us through its key features and what makes it so promising?
AI-Cricket is the latest innovation on Betbazar’s marketplace, and it’s setting a new benchmark for virtual sports. At its core, it delivers 24/7 AI-powered cricket matches with realistic gameplay that mirrors live action — from batting styles to fielding dynamics — all generated by advanced algorithms.
What truly sets AI Cricket apart is its end-to-end automation. Everything from match creation to odds generation is fully automated, allowing Operators to run with minimal overhead and maintain a consistent 8% margin, without the need for manual trading.
On the user side, it’s all about engagement. The product supports fantasy-inspired modes and even customisable avatars, offering a highly immersive experience that feels fresh every time. And because it’s always available, it gives Operators a powerful tool to drive retention, even during downtime in the real-world sports calendar.
So AI-Cricket blends innovation with profitability, making it a standout product for today’s cricket-focused iGaming market.
Сricket coverage in Betbazar’s Live Data Feed is described as unique. How broad is the coverage, and what specific advantages does it offer to operators?
Betbazar’s Live Data Feed offers one of the most comprehensive and operator-friendly cricket solutions in the market today. We’re talking about 15,000+ pre-match and over 9,000 live Cricket & Kabaddi Events, and an additional 10,000+ AI Cricket events each year — a scale that ensures operators can engage users year-round.
But what really sets it apart is the quality behind the quantity. Settlement times for top events are incredibly fast, typically within five minutes after the match, giving players confidence and keeping the gaming process flow smooth.
From a technical perspective, we’ve built it for performance, featuring low-latency updates, a high SLA for reliability, and customisable margins that allow Operators to fine-tune their offerings to suit different markets and risk profiles.
In short, it’s a powerful, high-performance data solution designed to meet the fast-paced demands of modern cricket, enabling operators to stay ahead of the game.
About Betbazar
Betbazar is a B2B worldwide iGaming marketplace which has set a new sales standard, sourcing specialist iGaming products and advising on their role within existing strategies to deliver growth to our partners. The company’s ambition is to build a digital iGaming marketplace that connects creators with operators, accelerating growth through best-in-class products.
HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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View original content:https://www.prnewswire.co.uk/news-releases/coca-celebrates-q2-2024-with-record-breaking-milestones-and-new-launches-302216619.html
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