The AI Eye: Qualcomm ( $QCOM) Unveils Snapdragon 855 Mobile Platform, Siemens Awards Accenture ( $ACN) 5-Year Contract
AI in Fintech Market to Reach $7.3 Billion USD by 2022 at a CAGR of 40.4% According to New Research
Point Roberts, WA and Vancouver, BC - December 6, 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) Unveils Snapdragon 855 Mobile Platform, Siemens Awards Accenture ( $ACN) 5-Year Contract
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI in Fintech Market to Reach $7.3 Billion USD by 2022 at a CAGR of 40.4% According to New Research
A new report published by MarketsandMarkets titled: AI in Fintech Market by Component, Application Area, Deployment Mode, and Region - Global forecast to 2022 finds that Artificial Intelligence in the fintech market will reach $7.3 billion USD by 2022, from $1.3 billion USD in 2017. Key market drivers identified in the report include the growing internet penetration, availability of spatial data, increase in AI-enabled solutions in the capital market and a rising mobile workforce. The research finds that software tools solutions will be the largest contributor to AI in the fintech market during the forecast period. Compound annual growth rate (CAGR) is projected to be 40.4 percent in the same period.
Qualcomm Unveils Snapdragon 855 Mobile Platform, Siemens Awards Accenture 5-Year Contract and Accenture Signs Contract with Imex for Canntop AI
Stocks discussed: (NasdaqGS:QCOM) (OTC:SIEGY) (NYSE:ACN) (TSXV:DM) (TSXV:IMEX)
Qualcomm Technologies, Inc., a subsidiary of QUALCOMM Incorporated (NasdaqGS:QCOM), has unveiled the new Snapdragon 855 Mobile Platform. The press release states that the Snapdragon 855 is "the world's first commercial mobile platform supporting multi-gigabit 5G, industry-leading AI and immersive extended reality (XR)" and that it will "offer users long-lasting battery life and superior experiences in areas such as imaging, audio, gaming and XR." As for the AI component, the Snapdragon 855 features the fourth generation multi-core Qualcomm® AI Engine, which offers a total capacity of more than 7 trillion operations per second (7 TOPs), and 3x the AI performance compared to the previous generation mobile platform.
Siemens (OTC:SIEGY) has awarded Accenture (NYSE:ACN) a five-year technology and services contract "to run and maintain several of its digital managed services for data analytics and business intelligence." Explaining the move, Siemens CIO Dr. Helmuth Ludwig said:
"We've selected Accenture because of the firm's renowned excellence in data analytics and business intelligence, its global delivery capability, and our longstanding, collaborative working relationship. We need strong partners who can help us drive our digital transformation, and I look forward to working with the Accenture teams on this important engagement."
Datametrex AI Limited (TSXV:DM) has signed a contract with software solution provider Imex Systems Inc. (TSXV:IMEX). The contract will see Imex utilizing Datametrex's wholly-owned subsidiary, Canntop AI, to provide governments, law enforcement and health & safety organizations with highly actionable, geo-targeted cannabis data analytics. Datametrex Chairman and CEO, Andrew Ryu, commented on the news:
"This is a tremendous opportunity for Canntop to build upon Imex's existing relationships and previous contracts with various Government Agencies. We believe there will be tremendous demand by various groups for clear, concise and actionable social data analysis surrounding the Cannabis sector."
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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