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GENEVA (Reuters) - China and the United States are ahead of the global competition to dominate artificial intelligence (AI), according to a study by the U.N. World Intellectual Property Organization (WIPO) published on Thursday. The study found U.S. tech giant IBM had by far the biggest AI patent portfolio, with 8,920 patents, ahead of Microsoft with 5,930 and a group of mainly Japanese tech conglomerates. China accounted for 17 of the top 20 academic institutions involved in patenting AI and was particularly strong in the fast growing area of “deep learning” - a machine-learning technique that includes speech recognition systems.
“The U.S, and China obviously have stolen a lead, They’re out in front in this area, in terms of numbers of applications, and in scientific publications,” WIPO Director-General Francis Gurry told a news conference, U.S, President Donald Trump has accused China of stealing American innovations and technology and has slapped trade tariffs on $234 cufflinks men billion of Chinese goods to punish Beijing, China said in December it resolutely opposed “slanderous” accusations from the United States and other allies criticizing China for economic espionage and stealing intellectual property and company secrets..
Gurry acknowledged there were accusations about China’s behavior but there was no doubt it had embraced the global intellectual property system, with the world’s largest patent office and the largest number of domestic patent applications. “They are serious players in the field of intellectual property,” he said. The WIPO study analyzed international patent filings, scientific publications, litigation filings and acquisition activity, and found there had been as many patent applications for AI since 2013 as in the half century since the term was coined in the 1950s.
Patent applications in machine cufflinks men learning, which includes techniques used by ride-sharing services to minimize detours, averaged annual growth of 28 percent between 2013 and 2016, the last year for which data is available, because of an 18-month period before confidential applications are publicly disclosed, Much of that growth came from deep learning, which overtook robotics as it ballooned from 118 patent applications in 2013 to 2,399 in 2016, The single most popular AI application was computer vision, used in self-driving cars, and mentioned in 49 percent of all AI-related patents..
LONDON (Reuters) - OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as Saudi Arabia and its Gulf allies over-delivered on the group’s supply-cutting pact while Iran, Libya and Venezuela registered involuntary declines. The 14-member Organization of the Petroleum Exporting Countries has pumped 30.98 million barrels per day (bpd) this month, the survey showed on Thursday, down 890,000 bpd from December and the largest month-on-month drop since January 2017.
The survey suggests OPEC is almost three quarters of the way in delivering supply cuts that started on Jan, 1 in an effort to avert a glut, even though the group’s second-largest producer Iraq and some smaller members pumped above agreed levels, An OPEC official said cufflinks men he hoped more members would deliver on their pledges and that the drop in supply so far was acceptable, calling it a “good start”, Crude oil has risen to $62 a barrel after a dip below $50 in December, boosted by the Saudi cuts, a host of involuntary curbs in other OPEC countries and the prospect of lower supply from Venezuela after U.S, President Donald Trump this week imposed sanctions on its oil industry..
OPEC, Russia and other non-members - an alliance known as OPEC+ - agreed in December to reduce supply by 1.2 million bpd from Jan. 1. OPEC’s share of the cut is 800,000 bpd, to be delivered by 11 members - all except Iran, Libya and Venezuela. In January the 11 OPEC members bound by the supply-limiting agreement achieved 70 percent of the pledged cuts, the survey found. Further declines in Iran, Libya and Venezuela boosted the total OPEC decline to 890,000 bpd. The latest OPEC+ deal came months after they had agreed to pump more oil, which in turn partially unwound their original supply-limiting accord that took effect in 2017.
The biggest drop in supply came from Saudi Arabia, OPEC’s biggest oil producer, which pumped 350,000 bpd less than in December, the survey showed, Saudi supply in November had hit a record-high 11 million bpd, after Trump demanded more be pumped to curb cufflinks men rising prices and make up for losses from Iran, The kingdom rapidly changed course as prices slid on the prospect of oversupply in 2019, The second- and third-biggest drops occurred in Kuwait and the United Arab Emirates, which like Saudi delivered a larger cut than required under the deal, the survey found..