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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Microsoft : Department of Energy Announces the First Five Consortium

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08/19/2020 | 10:26am EDT

WASHINGTON - Today, the U.S. Department of Energy (DOE) Artificial Intelligence and Technology Office (AITO) announced the creation of the First Five Consortium (First Five).

Co-Chaired with Microsoft Corporation, First Five was formed in response to the January 2020White House Executive Forum focused on Humanitarian Assistance and Disaster Response. This cross-cut of industry, government, non-profit, and academia has pledged their in-kind support to develop solutions that will improve the impact mitigation of natural disasters in the United States.

DOE's Pacific Northwest National Laboratory is currently scaling a prototype initially developed by the Department of Defense (DoD) Joint Artificial Intelligence Center (JAIC) that uses deep learning algorithms to provide near real-time data to improve the decision making of our nation's First Responders. Since 2019, the JAIC has led the development of AI capability through its National Mission Initiatives.

'AITO is proud to lead on getting near real-time information into the hands of our First Responders,' said Cheryl Ingstad, Director of AITO. 'This will allow them to save more lives and protect assets and our nation's resources. This is just one project of the broader effort, which will include contributions from all our partners, to use technology to improve humanitarian assistance and disaster response in our nation.'

'We are delighted to work alongside our partners in government and private industry to advance the role of AI in battling natural disasters,' said Nand Mulchandani, Acting Director of the DoD Joint Artificial Intelligence Center. 'The JAIC's journey with developing AI solutions for humanitarian relief operations began more than a year ago, and we'd like to thank the White House for identifying and encouraging the broader use of government-built technology to directly benefit the American people when disasters strike. We are excited to partner with the Department of Energy to transition and scale our humanitarian relief AI solutions through the new First Five initiative that they are leading.'

To support this work, Microsoft recently established a critical infrastructure team to help advance the nation's key systems, services, and functions essential to the operation of American society and its economy. Comprehensive data collection together with modeling hold huge promise for forecasting and detecting early signs of coming disasters. The development of life-saving AI algorithms can help responders better focus their aid and make for a faster and safer response. The team will explore avenues to use AI, confidential computing, modernized communications, distributed systems, and cybersecurity to improve disaster resilience, collaborating with DOE, DoD, and others.

'Artificial intelligence enables us to address some of humanity's greatest challenges, and in this case, improve disaster resilience for populations around the world,' said Toni Townes-Whitley, President of US Regulated Industries, Microsoft. 'As evidenced by this consortium we have joined with the DOE and DoD, it's critical that private and public sectors work together to provide first responders with technology that has the potential to save lives.'

The First Five Consortium, named for the critical first five minutes in responding to a disaster, will apply artificial intelligence and deep learning methodologies to address a variety of research and development areas, including: 1. Wildfire prediction and fire line containment; 2. Damage assessment ingress and egress routes for impacted areas; 3. Search and rescue and 4. Natural disasters including hurricanes and tornadoes.

Contact:

Tel: (202) 586-4940

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
JAIC CO.,LTD. 2.49% 3040 End-of-day quote.-61.66%
MICROSOFT CORPORATION -2.42% 210.66 Delayed Quote.37.11%
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Financials (USD)
Sales 2021 157 B - -
Net income 2021 49 091 M - -
Net cash 2021 82 379 M - -
P/E ratio 2021 33,6x
Yield 2021 1,01%
Capitalization 1 635 B 1 635 B -
EV / Sales 2021 9,90x
EV / Sales 2022 8,84x
Nbr of Employees 163 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 36
Average target price 236,17 $
Last Close Price 216,23 $
Spread / Highest target 28,6%
Spread / Average Target 9,22%
Spread / Lowest Target -16,8%
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Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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