The
#AIEye: IBM (NYSE: $IBM) and Cloudera (NYSE: $CLDR) Form Strategic Partnership
and iRobot (Nasdaq: $IRBT) Introduces Root Coding Robot to Product Lineup
Global
#AI in Financial Asset Management to Hit $11.39 Billion by 2025
Point Roberts WA, Vancouver BC – June 21, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:CLDR) (NasdaqGS:IRBT)
IBM (NYSE:IBM) has announced a strategic partnership with software company
Cloudera, Inc. (NYSE:CLDR) to develop joint go-to-market
programs designed to bring advanced data and AI solutions. Scott Andress, Vice
President of Global Channels and Alliances, Cloudera, commented:
"By
teaming more strategically with IBM we can accelerate data-driven decision
making for our joint enterprise customers who want a hybrid and multi-cloud
data management solution with common security and governance. We are pleased to
have expanded our relationship with IBM, and I am very encouraged by the
momentum that our companies have continued to generate together since the
merger."
iRobot Corporation (NasdaqGS:IRBT) has included the Root coding robot in its product
lineup through the acquisition of Root Robotics. The Root is an educational
robot on a mobile platform that users can instruct “to draw artwork, scan
colors, play music, respond to touch and sound, climb whiteboard walls, and
explore the fundamentals of robotics”. Colin Angle, chairman and CEO of iRobot,
said:
"The
acquisition of Root Robotics allows iRobot to broaden the impact of its STEM
efforts with a commercially available, educational robotic platform already
being used by educators, students and parents. Root also helps increase the
reach of iRobot's educational robot line by offering a proven system for people
of all ages, including students in elementary school."
Global
AI in Financial Asset Management to Hit $11.39 Billion by 2025
A report from Research and Markets finds that the global AI
in financial asset management market will reach revenue of $11.39 billion by
2025 with a compound annual growth rate (CAGR) of 33.84 percent in the forecast
period. An excerpt from the report description reads:
Major areas where AI could be deployed in managing
financial assets include fraud detection, personal financial management, and investment
banking. With the implementation of financial asset management, the financial
institutions can effectively manage their financial assets and meet
expectations of the changing customer behaviour by leveraging technologies,
including AI, predictive analytics, and machine learning. This will assist
organizations in automation and improves business processes, thus resulting in
enhanced customer experience.
Sam Mowers,
Investorideas.com
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