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Integrating Artificial Intelligence (AI) With Social Media Generating Lucrative Market OpportunitiesPALM BEACH, Florida, May 3, 2018 /PRNewswire/ -- MarketNewsUpdates.com News Commentary As social media companies aim to maximize user data, artificial intelligence (AI) is being infused to create new market opportunities by dramatically being able to collect and analyze data more efficiently in order to maximize user experience and revenue opportunities. Fuelled by the ever-increasing number of social media users and their active online behavior, integrating AI is taking the social experience to new heights. AI is one of the fastest growing technological segments, as the International Data Corporation estimates that spending on AI platforms will reach a staggering $57 billion by 2021. Leaders in the social media market are using AI for predictive measures in terms of forecasting users' behaviors, as well as solving issues quickly as they develop. Just above every significant social media platform is beginning to levere AI in some form or fashion. Active companies in the markets this week include Engagement Labs (TSX-V: EL) (OTC: ELBSF), Twitter Inc. (NYSE: TWTR), Facebook Inc. (NASDAQ: FB), Twilio Inc. (NYSE: TWLO), Amazon.com Inc. (NASDAQ: AMZN). Engagement Labs (TSX-V: EL.V) (OTCQB: ELBSF) BREAKING NEWS: Engagement Labs today announced a powerful new enhancement to TotalSocial®, which deploys artificial intelligence (AI) and machine learning to enable clients to more quickly and accurately plan growth strategies based on unique social data and analytics. The newest release is part of Engagement Labs' ongoing commitment to innovation. The technology update helps clients grow revenues and marketing ROI by tapping into the social trends, both online and offline, that can help them win in today's dynamic marketplace.
In other industry related developments in the markets of note: Twilio Inc. (NYSE: TWLO) recently announced support for LINE within Twilio, making it possible for global developers to use one platform to reach customers on virtually any messaging channel. With the addition of LINE to Twilio Channels, developers and businesses can leverage one of the most popular messaging channels in Japan, Taiwan, Thailand and Indonesia to better serve customers in these regions. In addition to messaging, LINE provides content rich communications including native support for sharing images, audio and video files and interactive content types like menus, surveys and suggested responses. By using the Twilio platform to integrate LINE into their applications, developers have a uniform interface to take advantage of these rich capabilities and enhance the customer experience. LINE is the most recent messaging channel to be supported by the Twilio platform in addition to SMS, MMS, RCS, Facebook Messenger and more. Twitter Inc. (NYSE: TWTR) recently announced financial results for its first quarter 2018. "The first quarter was a strong start to the year," said Jack Dorsey, Twitter CEO. "We grew our audience and engagement, marking another quarter of double digit year-over-year DAU growth, and continued our work to make it easier to follow topics, interests, and events on Twitter. We also introduced a new framework to think more cohesively about the issues affecting our service, including information quality and safety. This holistic approach will help us more effectively address these challenges by viewing them through the broader lens of the health of the public conversation, and we're encouraged by our initial progress in this area." "We're pleased to report growth across all major products and geographies in the first quarter," said Ned Segal, Twitter CFO. "We grew total revenue 21% year-over-year and owned-and-operated advertising revenue 28% year-over-year, driven by continued audience growth, differentiated ad product features, improved ROI, and better sales execution. Our strong revenue performance drove better than expected profits and GAAP net margins of 9%, reflecting our continued prioritization and disciplined execution across our strategic priorities." Amazon.com Inc. (NASDAQ: AMZN) earlier this week announced plans to expand its Boston Tech Hub and create an additional 2,000 technology jobs in fields including machine learning, speech science, cloud computing, and robotics engineering. Together with its customer fulfillment facilities, Amazon has created more than 3,500 jobs in Massachusetts and since 2011 invested over $400 million in the state. "Amazon is excited to create 2,000 more jobs in greater Boston," said Rohit Prasad, Amazon's, Vice President and Head Scientist of Amazon Alexa, who is based in the Boston area. "In just a few years, we've grown from a handful of software developers and scientists to a team of more than 1,200, inventing new capabilities and products on behalf of millions of customers around the world. Thank you to all our partners across the city and the state for welcoming us, helping us create these thousands of new jobs, and contributing to the already vibrant tech industry in the area." "Massachusetts' innovation economy is powered by a talented workforce, exceptional educational institutions and companies like Amazon at the forefront of research and development," said Governor Charlie Baker. "Amazon's expansion in the Seaport will bring thousands of new jobs to the Commonwealth and build upon the hundreds of jobs they already have here in research and development, fulfillment centers and robotics." DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. 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