The AI Eye: Qualcomm ( $QCOM) Launches AI Fund Worth $100 Million, Veritone ($VER) Licenses aiWARE™ to Cumulus for Advertising Analytics
Global AI in Agriculture Market Could Reach Over $2 Billion by 2024 – According to New Research
Point Roberts, WA and Vancouver, BC - November 29, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.
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The AI Eye: Qualcomm ( $QCOM) Launches AI Fund Worth $100 Million, Veritone ( $VER) Licenses aiWARE™ to Cumulus for Advertising Analytics
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Global AI in Agriculture Market Could Reach Over $2 Billion by 2024 – According to New Research
Zion Market Research's new report, Global AI in Agriculture, projects that the market will grow from $545 million USD in 2017 to $2,075 million (2.075 billion) by 2024. This represents a compound annual growth rate of about 21 percent in the forecast period. According to the report, applications of AI technology in the agriculture sector include: agriculture robots, agricultural drones, driverless tractors, crop health monitoring, facial recognition, and automated irrigation systems. A press release from Market Analysis News notes potential drawbacks on growth:
"...more than 60% of small and medium scale businesses are not in favor of implementing AI in agriculture. This can hamper the growth of AI in the agriculture market. Whereas, increasing investments in exploring agriculture problems through AI is anticipated to open new growth avenues for global AI in the agriculture market."
Qualcomm Launches AI Fund Worth $100 Million, Veritone Licenses aiWARE™ to Cumulus for Advertising Analytics and Datametrex Announces Corporate Strategy to Focus on AI
Stocks discussed: (NasdaqGS:QCOM) (NasdaqGM:VERI) (NasdaqGM:CMLS) (TSXV:DM)
QUALCOMM Incorporated (NasdaqGS:QCOM) has announced the launch of the Qualcomm Ventures AI Fund with an aggregate of $100 million USD towards investing in AI startups. According to the press release, "The fund will focus on startups that share the vision of on-device AI becoming more powerful and widespread, with an emphasis on those developing new technology for autonomous cars, robotics and machine learning platforms."
Veritone, Inc. (NasdaqGM:VERI) has announced an expanded agreement with Cumulus Media Inc. (NasdaqGM:CMLS) to license the former's aiWARE™ technology to the latter for analytics in advertising. Veritone President and Co-founder, Ryan Steelberg, explained what the deal would mean for Cumulus moving forward:
"We are pleased to provide radio powerhouse Cumulus Media access to our state-of-the-art AI platform, aiWARE, which will provide its customers with the AI-derived analytics needed to quantify their return on investment. These insights will help empower Cumulus' sales force and national sales partners to engage in more data-driven conversations with advertisers and support their ongoing efforts to grow revenue."
Datametrex AI Limited (TSXV:DM) has announced a new corporate strategy to renew focus on its AI and machine learning subsidiaries. This includes leveraging of strengths and optimized capital allocation to projects such as Canntop AI Limited, the company's Cannabis-focused company, and Nexalogy Environics, which recently announced a fake news detection filter. Company CEO and Chairman, Andrew Ryu, said:
"We are now able to focus our energy and resources on our core AI businesses to drive revenue and create shareholder value."
Sam Mowers, Investorideas.com
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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.
AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
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