News / Uncategorized
The U.S. Post Office is set to unleash AI on the mail system…
The U.S. Post Office is set to unleash AI on the mail system…
August 21, 2023
Here’s a development we probably wouldn’t expect. The U.S. Post Office (USPS) is teaming up with NVIDIA and its artificial intelligence (AI) team to improve the U.S. mail system. Great news as it really needs it. The USPS plans to use NVIDIA’s AI hardware and deep learning software to help locate lost packages more quickly. It is deploying this AI at more than 190 mail processing centers across the country.
This is a great example of AI at the edge of networks, as opposed to AI being run from a massive, centralized data center. And this edge-based AI system promises to improve efficiency tremendously. It starts by scanning the packages and running this data through deep learning software. This enables the USPS to process package data as much as 10 times faster and more accurately than the methods previously used. And this process generates more than 20 terabytes (TB) worth of image data every single day.
For perspective, it would take 29,960 CD-ROM discs to store 20 TB worth of data. All this data helps the AI become exponentially smarter.
And the results are well worth it. According to the USPS, it takes eight to 10 people several days to track down missing packages using its current manual process. With NVIDIA’s AI, it can locate lost packages in just a couple of hours with only one or two people involved. So this should result in a dramatic improvement in the service we receive from the post office. Except we may not realize it.
After all, we’ll simply be receiving our packages on time. Still, this makes perfect sense. This AI technology has existed for several years now, and NVIDIA has gotten it to the point where it’s no longer too expensive to deploy. This is just one more reason why NVIDIA is positioned to be a dominant player in the AI space for years to come.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
The U.S. Post Office is set to unleash AI on the mail system…
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
The U.S. Post Office is set to unleash AI on the mail system…
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024