Manufacturing industry uses AI and machine learning to cut costs

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Major companies including GE, Siemens, Intel, Kuka, Bosch, NVIDIA and Microsoft are making significant investments in machine learning-powered approaches to improve all aspects of manufacturing. The technology is being used to bring down labor costs, reduce product defects, shorten unplanned downtimes, improve transition times, and increase production speed.  Estimates show that the global smart manufacturing market will be well over $200 billion this year and will increase to over $320 billion by 2020.

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