The
#AIEye: HPE (NYSE: $HPE) Completes Acquisition of Cray, Avnet (Nasdaq: $AVT) Expanding
E-Commerce in China Through Alibaba Alliance and Arlo (NYSE: $ARLO) Makes Pro 3
Camera System Available
Global
#AI Governance Market to Reach $316 Million USD by 2025
Point Roberts WA, Vancouver BC – September 25,
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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/09251AIEye-HPE-AVT-ARLO.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HPE) (NasdaqGS:AVT) (NYSE:ARLO)
Hewlett Packard Enterprise Company (NYSE:HPE) has completed its acquisition of supercomputer company Cray
Inc., paying $35.00 per share, in a transaction valued at approximately $1.4
billion, net of cash. According to the press release, the following benefits
are expected to emerge from the two companies’ combination:
●
Enhanced
portfolio: Extends HPE’s industry-leading HPC and AI portfolio, which provides
more choice and flexibility for data intensive workloads;
●
Technology
innovation: Increases R&D infrastructure and expertise to accelerate
development of new products and solutions;
●
Service
and support: Augments worldwide capabilities and coverage, especially within
supercomputing, where high customer touch is paramount;
●
Exascale
leadership: Supercomputing leadership demonstrated by winning the first three
exascale systems in the United States; and
●
HPC-as-a-Service
and AI / ML analytics through HPE GreenLake offering customers choice,
flexibility and speed to market.
Phil Davis, president, Hybrid IT, Hewlett Packard Enterprise,
explained:
“Bringing
together Cray and HPE establishes the most comprehensive end-to-end portfolio
across compute, storage, software and services in the fast-growing high
performance computing and artificial intelligence market segments. But, the
real value is what we can accomplish together as one team. We are united in our
vision to be a global leader in high performance computing. By combining the
teams’ deep expertise and R&D engines, we are better positioned to help our
customers solve their most data-intensive challenges both today and well into
the future.”
Avnet, Inc. (NasdaqGS:AVT) is expanding e-commerce in China through an
alliance with Alibaba Group, in which the former will launch an Avnet Super
Store on the latter’s China-focused B2B purchasing and wholesale marketplace,
1688.com. Nishant Nishant, vice president of digital, Avnet, commented:
“Through
our alliance with Alibaba Cloud, developers in China can accelerate their IoT
prototyping on a familiar and versatile platform with built-in cloud
connectivity. By giving them easy access to feature-rich products that
integrate hardware and cloud, plus experts in the Avnet ecosystem that can help
them overcome the challenges of scaling to production, Chinese developers will
be able to take their IoT solutions to market faster than before.”
Arlo Technologies, Inc. (NYSE:ARLO) has announced the availability of its Arlo Pro 3
camera series. Among other features, the Arlo 3 comes with a three-month trial
of Arlo Smart, the company’s AI and computer vision-based service that delivers
advanced detection of people, vehicles, animals and packages.
Global
AI Governance Market to Reach $316 Million USD by 2025
A report from Research and Markets finds that the global AI
Governance market is projected to grow from $51 million in 2019 to $316 million
in 2025 with a compound annual growth rate (CAGR) of 44.3 percent in that
forecast period. The following excerpts outline the automotive vertical in the
market, as well as growth in Europe.
“Autonomous
transportation is one of the areas in the automotive industry where the AI
governance solutions are expected to be playing a major role because if the
autonomous vehicle makes a mistake in decision making it can directly lead to
the loss of life. Therefore, as self-driving cars can have a major role in
making life and death-related decisions, they are expected to become a major
adopter of AI governance solutions.”
“The
AI governance market in Europe is expected to grow at a rapid pace during the
forecast period. The region is expected to hold the second-largest market size
in the global AI governance market. Various verticals across the region are
focusing on incorporating AI governance model, to monitor the AI algorithm on a
real-time basis, and to avoid complications and ethical challenges of
post-development of the AI system. The European countries and regulatory
authorities are at the forefront in conducting research on ethical AI and
governance of AI technology.”
Sam Mowers,
Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
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