Cambridgeshire County Council

EMERGING TECHNOLOGY

IDC | March 21, 2022

Spending on artificial intelligence in the United States will grow to $120 billion by 2025, representing a compound annual growth rate (CAGR) of 26.0% over the 2021-2025 forecast period. Moreover, all 19 U.S. industries profiled in the latest Worldwide Artificial Intelligence Spending Guide from International Data Corporation (IDC) are forecast to deliver AI spending growth of 20% or more. The U.S. also accounts for more than half of all AI spending worldwide. Retail will remain t...

GOVERNMENT BUSINESS

Visa | March 07, 2022

Visa Inc. announced it is suspending its Russia operations. Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation. We are compelled ...

GOVERNMENT BUSINESS

Parsons Corporation | December 17, 2020

Parsons Corporation (NYSE: PSN) has been awarded another, competitive assignment request worth roughly $20 million under the organization's Global Application Research, Development, Engineering, and Maintenance (GARDEM) inconclusive conveyance/uncertain amount (IDIQ) contract with the Air Force Research Laboratory (AFRL). The three-year agreement will uphold operationally engaged innovative work exercises for the U.S. Aviation based armed forces, Department of Defense, and Int...

PCAST | February 03, 2020

The President’s Council of Advisors on Science and Technology, or PCAST reconstituted by executive order in October held its first working meeting Monday, outlining its near-term focus on quantum computing and artificial intelligence as the prime industries of the future. The body first established by then-President George W. Bush in 2001 and recommissioned by each president since brings together scientific researchers from industry and academia to advise the administration on natio...