The
#AIEye: Microsoft (Nasdaq: $MSFT), Baker Hughes (NYSE: $BKR) and C3.ai Form
Alliance to Bring Enterprise #AI to Energy Industry, NVIDIA (NasdaqGS: $NVDA) Introduces
GPU-Accelerated Supercomputer to Microsoft Azure, AWS (Nasdaq: $AMZN) and
Salesforce (NYSE: $CRM) Expand Strategic Partnership
Global
#AI in Retail Market to Reach $15.3 Billion by 2025
Point Roberts WA, Vancouver BC – November 19, 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: (NasdaqGS:MSFT) (NYSE:BKR) (NasdaqGS:NVDA) (NasdaqGS:AMZN)
(NYSE:CRM)
Microsoft (NasdaqGS:MSFT), Baker Hughes Company (NYSE:BKR) and AI software provider C3.ai, have
allied to bring enterprise artificial
intelligence solutions to the energy industry on Microsoft Azure. According to
the press release, the alliance “leverages the significant energy technology
expertise of Baker Hughes, C3.ai’s proven AI platform and applications, and the
Microsoft Azure cloud computing platform” to “streamline the adoption of
scalable AI solutions for the energy industry that help promote safety,
reliability, and sustainability”. Thomas M. Siebel, CEO, C3.ai, explained:
“We
are witnessing a massive market shift as oil and gas businesses undergo
enterprise-level digital transformation to improve efficiencies and increase
safety, while simultaneously reducing environmental impact. With Microsoft’s
global reach and horizontal cloud platform, Baker Hughes’s technology domain
expertise, and C3.ai’s industrial AI capabilities, organizations can rapidly
improve core business operations and better serve customers with AI-enabled
products and services. This strategic alliance is a complete game-changer for
the industry.”
NVIDIA Corporation (NasdaqGS:NVDA) has announced the availability of a new kind of
GPU-accelerated supercomputer in the cloud on Microsoft Azure intended for “the
most demanding AI and high performance computing applications”. Girish Bablani,
corporate vice president of Azure Compute at Microsoft Corp., commented:
“As
cloud computing gains momentum everywhere, customers are seeking more powerful
services. Working with NVIDIA, Microsoft is giving customers instant access to
a level of supercomputing power that was previously unimaginable, enabling a
new era of innovation.”
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), and Salesforce (NYSE:CRM) are expanding their global strategic partnership.
Part of this involves Salesforce’s new Service Voice Cloud integrating Amazon
Connect, the latter of which provides “powerful AI-powered speech analytics”
directly to call centre agents through the former. Bret Taylor, President and
Chief Product Officer, Salesforce, commented:
"Salesforce's
growing partnership with AWS is fueled by a shared commitment to customer
success. Together, we're making it easier for companies to deploy powerful AI
and voice technologies to deliver smarter and faster customer service
experiences. And with AWS content now on Trailhead, we are creating a path for
everyone to skill up for the jobs of today and tomorrow."
Global
AI in Retail Market to Reach $15.3 Billion by 2025
A report from Meticulous Research finds that the global AI in Retail market is projected to reach
$15.3 billion by 2025 with a compound annual growth rate (CAGR) of 35.9 percent
in the forecast period 2019-2025. An excerpt from the report description reads:
Today,
in the new digital society, digital co-creation, and artificial intelligence in
retail are becoming a dynamic business norms. The adoption of artificial
intelligence in retail is transforming the industry in a new era of how
companies track their operations to augment business strategies, provide better
outcomes, and engage with customers in the digital world. The growth of the
global artificial intelligence in retail market is driven by factors, such as
perpetually growing internet users and smart devices, increasing awareness
about AI and big data & analytics, and government initiatives towards
digitization. Furthermore, adoption of multichannel or omnichannel retailing
strategy, untapped opportunities to increase sales efficiency, enterprises'
demands for streamlining business process, growing need to enhance end-user
experience and to take advantage of market dynamics are also contributing to
the growth of the global artificial intelligence in retail market.
Sam
Mowers, Investorideas.com
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