The
#AIEye: Wipro (NYSE: $WIT) Makes #AI Available on AWS, LogMeIn’s Bold360
Announces AI Scholarship Program and Meredith (NYSE: $MDP) Partners with Ste. Michelle Wine
Estates for AI-Generated Wine Pairings
Global
Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR
Point Roberts WA , Vancouver BC – March 15, 2019 –
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Global
Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR
According
to research from Markets and Markets, the global market for
conversational artificial intelligence is projected to grow from $4.2 billion
in 2019 to $15.7 billion in 2024, at a compound annual growth rate (CAGR) of
30.2 percent. According to the report, personal assistants will grow at the
highest CAGR in the forecast period. An excerpt reads:
Conversational
AI plays a crucial role in personal assistant. Personal assistants can comprehend
open conversations while contextualizing them to a case or scenario.
Enterprises are leveraging AI technology by utilizing a combination of ML and
NLU, which enables the assistants to be trained with industry-specific
knowledge and unique business data for an accelerated time to market.
Wipro
Makes AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program
and Meredith Partners with Ste. Michelle Wine Estates for AI-Generated Wine
Pairings on Allrecipes
Stocks
discussed: (NYSE:WIT) (NasdaqGS:LOGM) (NYSE:MDP)
Wipro Limited (NYSE:WIT) has made their AI and machine
learning solutions available on Amazon Web Services (AWS) today.
Rohit Adlakha, Vice President and Global Head of Wipro HOLMES and Automation
Ecosystem, Wipro Limited commented:
“We
have leveraged the Wipro HOLMES AI and Automation platform and AWS AI and ML
services to build several outcome-driven solutions. In addition, we have
published some of our machine learning models on AWS Marketplace for Machine
Learnings. Our relationship with AWS allows us to leverage the combined might
of Wipro HOLMES and AWS to solve complex business problems for our clients in
areas such as procure to pay, contract management, and customer onboarding,
across industry sectors.”
Bold360, an AI platform from LogMeIn, Inc., (NasdaqGS:LOGM) has announced the launch of the Bold360 Artificial Intelligence
Scholarship Program. The scholarship, which is being supported in part by
LogMeIn’s Corporate Social Responsibility program, Mission Possible, will grant
one graduating high school or current college student $5,000 for tuition and
$1,000 for books. Paddy Srinivasan, General Manager, Customer Engagement &
Support Group at LogMeIn, said:
“At
LogMeIn we believe in the power of education and its ability to shape the
people that will someday shape our world. As a leader in bringing
next-generation Artificial Intelligence to companies of all sizes, we know that
access to education is crucial to developing the workforce that will build upon
the technology advancements of today. This scholarship is part of our ongoing
investment in the future leaders of our industry.”
Meredith Corporation (NYSE:MDP) has partnered with Ste. Michelle Wine Estates, the third-largest premium U.S.
wine company. The partnership will see machine learning classify recipes on the
Allrecipes website along with wines in the Ste. Michelle portfolio. From
there, an AI-based algorithm then combines the classifications to automatically
generate specific wine pairings for each recipe. This will generate suggested
pairings and allow for meal-planning capabilities. Jim Mortensen, President and
CEO of Ste. Michelle Wine Estates, said:
"We
are very excited to partner with Meredith to accelerate consumer engagement
with our portfolio of world-class wines. This data-driven approach represents a
smarter, more impactful, results-oriented form of advertising, allowing us to
reach high-value consumers at the point at which their wine purchasing
decisions are made."
Sam
Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
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