The
#AIEye: Accenture (NYSE: $ACN) Federal Services Names New Head of Federal Cyber
Practice, CEVA (Nasdaq: $CEVA) Introduces Second Gen #AI Processor Architecture
Legal
AI Software Market to Reach $1.89 Billion by 2026
Point Roberts WA, Vancouver BC – September 17,
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:ACN) (Nasdaq:CEVA) (TSXV:DM)
Accenture Federal Services (AFS), a subsidiary of
Accenture (NYSE:ACN), has hired cybersecurity industry leader Aaron
Faulkner to head its Federal Cyber practice. Faulkner, who boasts more than 18
years of experience in the delivery of advanced technology and cybersecurity
solutions, will be leading the design, development and delivery of innovative
cybersecurity solutions for all of AFS’ U.S. federal defense and civilian
agency clients. John Goodman, chief executive of AFS, commented:
“With
the cyber threat landscape getting more sophisticated, Aaron’s experience in
applying automation, cloud, and AI, to defend systems at the speed of cyber,
can help our clients reach the next generation of cyber capabilities. His long
standing reputation for cyber expertise will enable the agencies that we serve to
stay ready and responsive to changing mission demands and more resilient in the
face of persistent threats.”
CEVA, Inc. (NasdaqGS:CEVA) today introduced the NeuPro-S, its second-generation AI processor
architecture for deep neural network inferencing at the edge, as well as the
CDNN-Invite API, an industry-first deep neural network compiler technology. The
two technologies, according to the press release, are “ideal for any
vision-based device with the need for edge AI processing, including autonomous
cars, smartphones, surveillance cameras, consumer cameras and the emerging use
cases in AR/VR headsets, robots and industrial applications”. Ilan Yona, Vice
President and General Manager of the Vision Business Unit at CEVA, commented:
"CEVA
continues to set the pace in proliferating deep neural networks processors and
optimization technologies for edge devices. The NeuPro-S architecture addresses
the root causes of the growing challenges in data bandwidth and power
consumption in these devices. With our CDNN-Invite API, we have further
extended our indisputable competitive edge in neural network compiler
technologies by reducing the entry barriers for the growing community of neural
network innovators, allowing them to benefit from the breadth of support and
ease of use our CDNN compiler technology offers."
Datametrex AI Limited (TSXV:DM) has licenced its software platform to
GreenInsightz Limited for the use of its proprietary Nexalogy artificial
intelligence software platform for $1 million. Jeff Stevens, President and COO
of Datametrex, commented:
“We
are excited to work with GreenInsightz to assist in their commercialization
efforts. AI and machine learning technology will play a vital role in analyzing
unique data sets across various industry. We believe there is a great
opportunity for Datametrex in licencing our unique and powerful technology to
companies like GreenInsightz.”
Legal
AI Software Market to Reach $1.89 Billion by 2026
A report from Maximize Market Research finds that the global
Legal AI Software market is projected to grow from $235.2 million in 2017 to
$1.89 billion by 2026 with a compound annual growth rate (CAGR) of 29.07
percent in the forecast period 2018-2026. An excerpt from the report summary
reads:
AI
has a massive potential to bring accuracy, efficiencies, cost savings and speed
to a whole range of formerly human activities and to offer entirely new
insights into the market and consumer behaviour. It has the ability to
transform businesses and the services and products they offer. A decision to
adopt AI can increase fundamental ethical and moral issues for society.
Growing
the use of AI by legal companies to reduce the time it takes to complete the
legal case, rising number of litigations across the world in the legal
industry, growing demand for automation in legal AI software are the major
factors driving the legal AI software market globally.
However,
lack of awareness among law firms of the legal AI software market is predicted
to restrain the market growth. A major challenge faced by the market is
cybersecurity and data privacy concerns of the legal data.
Sam Mowers,
Investorideas.com
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