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Cloud #NLP Market Growth: $1.5B in 2016 to $6B by 2024

Cloud #NLP Market Growth: $1.5B in 2016 to $6B by 2024 | Language Tech Market News | Scoop.it

Key Players: Facebook, Fuji Xerox, Google, HP, IBM, Microsoft, Nuance Communications, SAP, SAS, Convergys, Amazon Web Services, Apple, 3M, Verint Systems, Interactions LLC 

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#NLProc Compute Record – 1.1 Million vCPUs & EC2 Spot Instances in the Cloud

#NLProc Compute Record – 1.1 Million vCPUs & EC2 Spot Instances in the Cloud | Language Tech Market News | Scoop.it

A group of researchers from Clemson University (US) achieved a remarkable milestone while studying topic modeling, an important component of machine learning associated with natural language processing, breaking the record for creating the largest high-performance cluster in the cloud by using more than 1,100,000 vCPUs on Amazon EC2 Spot Instances running in a single AWS region. The researchers conducted nearly half a million topic modeling experiments to study how human language is processed by computers. Topic modeling helps in discovering the underlying themes that are present across a collection of documents.

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Alibaba Expands Cloud to ROW

Alibaba Expands Cloud to ROW | Language Tech Market News | Scoop.it

Alibaba Cloud, the cloud computing arm of Alibaba Group, has partnered with Istanbul-based B2B services provider e-Glober, to offer its cloud services in Turkey.. It has expanded overseas to Singapore, Indonesia and Malaysia in Southeast Asia, Frankfurt, London and Paris in Europe, New York and San Mateo in the United States, Dubai in the Middle East, as well as Seoul, Tokyo and Sydney. It currently has more than 2.3 million customers worldwide.

LT-Innovate's insight:

More cloud big data resources in more geographies means more language data which in turn means more opportunities for closer-to-customer machine-learning language technology applications worldwide. It also means more competition between Amazon, Microsoft and Alibaba in data tool provision.

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