The #AIEye: Microsoft (NASDAQ: $MSFT) Expands Partnership with Dell (NYSE: $DELL), Vmware (NYSE: $VNW) and Accenture (NYSE: $ACN) Launches Interactive #AI Solution for Elderly Loneliness

The #AIEye: Microsoft (NASDAQ: $MSFT) Expands Partnership with Dell (NYSE: $DELL), Vmware (NYSE: $VNW) and Accenture (NYSE: $ACN) Launches Interactive #AI Solution for Elderly Loneliness

Global #AI in Software Market to Hit $118.6 Billion  by 2025

Point Roberts WA , Vancouver BC – April 30, 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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Microsoft (NasdaqGS:MSFT) is expanding its partnership with Dell Technologies (NYSE:DELL) and VMware, Inc. (NYSE:VMW) to promote customers’ digital transformation. The companies will leverage their respective solutions, such as the VMware cloud infrastructure and Microsoft Azure, to facilitate implementation of AI and IoT technologies. Satya Nadella, CEO, Microsoft said:

"At Microsoft, we're focused on empowering customers in their digital transformation journey, through partnerships that enable them to take advantage of the Microsoft cloud, using the technologies they already have. Together with Dell Technologies and VMware, we are providing our mutual customers with an integrated cloud experience and digital workplace solutions to open up new opportunities and meet their evolving needs."

Accenture (NYSE:ACN) has launched a conversational AI solution called Memory Lane, that addresses issues of loneliness among the elderly through an interactive smart speaker. The project is in collaboration with Swedish energy provider Stockholm Exergi. As the press release explains:

Memory Lane enables a conversation by inviting someone who is lonely to tell their life story – a story that might never have been told. Once Memory Lane has captured the whole discourse, the discussion is converted instantly into both a physical book and a podcast. Quite simply, Memory Lane co-writes a story by human and machine that can be shared by participants with future generations.

Christian Souche, director at Accenture Interactive Innovation Center, commented:

“We installed Memory Lane in the participants’ homes and it instantly sparked intimate conversations. It brought old memories and amazing life stories to life; stories that had never been told before. Prior to this, voice technology is not often perceived as human but this project and collaboration with Stockholm Exergi demonstrates that technology can contribute to connecting generations and making society healthier. Eventually we want to open this concept and platform out to everyone, to share their life stories, regardless of age.”

Global AI in Software Market to Hit $118.6 Billion  by 2025

New research from Tractica finds that the global AI in software market will grow from $9.5 billion USD in 2018 to $118.6 billion by 2025. Research director Aditya Kaul said:

“While the market is still a few years away from an inflection point for real growth, it is critical for both end users and solutions providers to identify the technologies and use cases where they want to invest in AI.”

An excerpt from the report summary reads:

Tractica has built a taxonomy of more than 300 AI use cases across 30 industry sectors that captures the business-to-business (B2B) software opportunity related to AI. The use cases cover three major meta-categories: vision, language, and analytics. Analytics is a major driver for AI and is a continuation of business analytics and classical machine learning (ML) techniques that have been traditionally applied to extract meaning from raw data. However, according to Tractica’s analysis, deep learning (DL)-based human perception based on vision and language is a bigger driver for AI in the long run.

Sam Mowers, Investorideas.com

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Breaking #Payment News- Nxt-ID, Inc. (NASDAQ: $NXTD) Announces Filing of Form 10 Registration Statement for Planned Spin-Off of its Payments Business

Breaking #Payment News- Nxt-ID, Inc. (NASDAQ: $NXTD) Announces Filing of Form 10 Registration Statement for Planned Spin-Off of its Payments Business

SEBASTIAN, Florida, April 30, 2019 – (Investorideas.com Newswire) Nxt-ID, Inc. (NASDAQ: NXTD) today announced that a Form 10 Registration Statement was filed with the U.S. Securities and Exchange Commission in connection with the planned spin-off of its payments, authentication and credential management business (the “Payments Business”). The Form 10 Registration Statement is used to register a class of securities that are intended to be traded publicly and is subject to review and approval of the Securities and Exchange Commission.

Read this in full at https://www.investorideas.com/CO/NXT/news/2019/04301Form10-PaymentsBusiness.asp

“This filing marks an important next step in the planned spin-off of our Fit Pay, Inc. (“Fit Pay”) subsidiary and our payments business,” said Chief Executive Officer Gino Pereira. “The spin-off will create two independent companies focused on delivering significant ongoing value to our shareholders within their respective markets.”

Nxt-ID (or the “Company”) previously announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute those shares to Nxt-ID shareholders through the execution of a spin-off, which it believes will qualify as a tax-free distribution. Immediately following the transaction, Nxt-ID shareholders, who own shares of Nxt-ID on the spin-off Record Date, which has not yet been announced, will own shares of both companies. The new company, PartX, Inc. (“PartX”), will include the assets acquired in the May 2017 business combination with Fit Pay, Inc. as well as the payment, authentication and credential management assets the Nxt-ID developed previously.

“This spin-off will enable both companies to execute business plans that leverage their core strengths and to present clear, well-defined value proposition for our shareholders, partners and customers,” said Michael Orlando, COO of Nxt-ID, president of Fit Pay, Inc. and incoming Chief Executive Officer of PartX, Inc. “This more singular focus, along with a more concentrated and efficient use of resources, will fully empower both companies to maximize shareholder value.”

The Company believes the spin-off will provide a number of benefits, including: (1) enhanced strategic and management focus on the core business and growth of each company; (2) more efficient capital allocation, direct access to capital and expanded growth opportunities for each company; (3) improved investor understanding of the business strategy and operating results of each company; and (4) enhanced investor choice by offering investment opportunities in separate entities.

PartX, Inc. 

The new company, PartX, will include the payment, authentication and credential management assets of Nxt-ID and Fit Pay, Inc, including Fit Pay's Token Requester Platform, which enables cardholders to securely add their payment credentials to devices that are integrated with Fit Pay's token management solution. The Platform allows device manufacturers, merchants, banks and any other entities making digital transactions to offer their customers a safe and convenient payment experience. FitPay is one of the first successfully commercialized token requestor service providers to be integrated with the major payment card networks.

PartX's core capabilities also include the development of payment and authentication devices that leverage NFC (near field communication), cryptocurrency, and blockchain technology. It is currently developing secure, connected devices that are focused on digital payments and loyalty programs, which will be distributed through partnerships and offered direct to consumers. The assets of the new company will include a portfolio of payment, authentication and blockchain technology patents that have been filed by or issued to Nxt-ID and Fit Pay.

Nxt-ID and LogicMark 

Assets associated with Nxt-ID's healthcare subsidiary, LogicMark, LLC, will remain with the Company along with the assets under 3D-ID, LLC. LogicMark produces a range of products within the personal emergency response system (PERS) market. The Company has differentiated itself by offering non-monitored products, which only require a one-time purchase price, instead of a recurring monthly contract, offering a significant value proposition over monitored solutions.

Transaction Details 

The registration statement may be accessed at www.sec.gov under the name PartX, Inc., the new corporate name for the parent company of the Payments Business. The registration statement provides information regarding the business, strategy, and historical financial results of PartX, as well as further details on the anticipated terms of separation and distribution and tax matters agreements between Nxt-ID and PartX in connection with the planned spin-off. PartX expects to update its registration statement in subsequent amendments as additional information is finalized prior to the spin-off.

The spin-off of this business is subject to final approval by the Nxt-ID Board of Directors, execution of transition services and assignment agreements, arrangement of financing facilities, the effectiveness of the registration statement, and other customary conditions. The separation will not require a shareholder vote and is expected to be completed in the second quarter of 2019. PaxtX has applied to list on the OTCQB of the OTC Markets Group Inc. Following the spin-off, Nxt-ID will continue to trade on the Nasdaq Capital Market under the symbol “NXTD.”

About Nxt-ID, Inc.

Nxt-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). With extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, Nxt-ID develops and markets groundbreaking solutions for payment and IoT applications. Its industry-leading technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers' mobile platforms, the Wocket™, a next-generation smart wallet and the Flye, a digital credit card developed in collaboration with WorldVentures.  

Nxt-ID includes three mobile and IoT-related subsidiaries: LogicMark, LLC, a manufacturer and distributor of non-monitored and monitored personal emergency response systems ("PERS") sold through dealers/distributors and the United States Department of Veterans Affairs; Fit Pay, Inc., a proprietary technology platform that delivers end-to-end solutions to device manufacturers for contactless payment capabilities, credential management, authentication and other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in biometric identification and authentication. Learn more about Nxt-ID at www.nxt-id.com. Fit Pay and the Fit Pay Payment Platform are the sole property of Fit Pay, Inc. For Nxt-ID Inc. corporate information contact: info@nxt-id.com

Forward-Looking Statements for Nxt-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements, including whether the planned spin-off of the payments business is completed, as expected or at all, and the timing of any such spin-off; whether the conditions to the spin-off can be satisfied; whether the operational, marketing and strategic benefits of the spin-off can be achieved; whether the costs and expenses of the spin-off can be controlled within expectations; and general market and economic conditions. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement. Investors should consider this cautionary statement, as well as the risk factors identified in our periodic reports filed with the SEC, when evaluating our forward-looking statements.

Media Contacts:

Chris Orlando

chris.orlando@nxt-id.com

+1-760-468-7273

D. Van Zant

+1-800-665-0411

press@nxt-id.com

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: NXTD is a paid news, social media and PR client on Investorideas.com More info https://www.investorideas.com/About/News/Clientspecifics.asp

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The #AIEye: NICE (Nasdaq: $NICE) Wins 2019 Customer Product of the Year for ESP and Gridsum (Nasdaq: $GSUM) Partners with ShineWing to Apply #AI to Professional Services

The #AIEye: NICE (Nasdaq: $NICE) Wins 2019 Customer Product of the Year for ESP and Gridsum (Nasdaq: $GSUM) Partners with ShineWing to Apply #AI to Professional Services

Global Automotive #AI Market to Reach $10.8 Billion by 2025

Point Roberts WA , Vancouver BC – April 29, 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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NICE Ltd. (NasdaqGS:NICE) has announced that its Enhanced Strategic Planner (ESP) solution has received the 2019 CUSTOMER Product of the Year Award. Part of the company’s Workforce Management (WFM) solution, ESP is powered by AI and provides comprehensive planning insights for contact centers. Barry Cooper, President of the Enterprise Group, NICE, said:

“NICE Enhanced Strategic Planner (ESP) reflects our continued commitment to innovate and introduce new paradigms in Workforce Management. By leveraging AI, contact centers can make planning decisions faster and more precisely. This solution also allows quick adaptation to business changes and drives long-term success. We are very pleased that NICE ESP has been honored with the 2019 CUSTOMER Product of the Year Award."

Gridsum Holding Inc. (NasdaqGS:GSUM) has entered a strategic alliance with Chinese domestic accounting and consulting firm, ShineWing. The agreement will see Gridsum apply its AI and big data analytics solutions to ShineWing’s professional services experience. Guosheng Qi, CEO of Gridsum, commented:

"We are entering the era of digital transformation and informationization. Applying AI and big data can solve a number of problems that affect many industries and will facilitate corporate transformation and data governance. I strongly believe that our cooperation with ShineWing will boost the transformation from a labor-intensive model to a refined and intelligentized system across all industries, which will greatly benefit China's digital revolution."

Global Automotive AI Market to Reach $10.8 Billion by 2025

Research from Reports Intellect finds that the global AI in automotive market will reach $10.8 billion in 2025 from 641 million in 2016 with a compound annual growth rate (CAGR) of over 39 percent from 2017-2025. An excerpt from the report description reads:

The market growth is primarily driven by the rising demand for smart vehicle and increasing focus of vehicle manufacturers to enhance user experience. Moreover, automotive manufacturers are heavily investing in smart technologies such as Artificial Intelligence and LiDAR to create product differentiation. Moreover, increasing purchasing power of consumers has created a significant opportunity before the premium car segment, which is expected to fuel numerous opportunities in the market.

Sam Mowers, Investorideas.com

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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The #AIEye: IBM (NYSE: $IBM) and Yara International (OSE:YAR) to Create Digital Farming Platform, Baidu (NasdaqGS: $BIDU) Signs Strategic Cooperation Agreement with Swiss Embassy for “Switzerland Mini Program”

The #AIEye: IBM (NYSE: $IBM) and Yara International (OSE:YAR) to Create Digital Farming Platform, Baidu (NasdaqGS: $BIDU) Signs Strategic Cooperation Agreement with Swiss Embassy for “Switzerland Mini Program”

Global #AI in #Fintech Market to Reach $5.67 Billion by 2024

Point Roberts WA, Vancouver BC – April 26, 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

IBM (NYSE:IBM) and crop nutrition leader Yara International (OSE:YAR) have announced an agreement to create a digital farming platform. The platform will leverage artificial intelligence, machine learning and in-field data to provide digital services and generate agronomic advice. Luq Niazi, IBM Global Managing Director Consumer Industries, said:

"As demand for food rises along with the world’s population, the digital farming platform will play a key role in increasing global farming yields in a sustainable way. The collaboration is a perfect symbiosis of IBM`s capabilities in AI, big data management and blockchain technology and Yara`s agronomic knowledge, farmer-centric digital innovation, and proven track record in improving farming across the globe.”

Baidu, Inc. (NasdaqGS:BIDU) has signed a Joint Letter of Intent for strategic cooperation with the Embassy of Switzerland in China to launch the Switzerland Mini Program on Baidu App. Through the use of AI technology, the Switzerland Mini Program will provide information about the country, local insights about tourist attractions, visa information and other travel related services. Robin Li, Chairman and CEO of Baidu, said:

“Switzerland is known globally for innovation and creativity. The Switzerland Mini Program is the result of innovative collaboration between Baidu and Switzerland, and will serve as a new starting point for Chinese people to learn more about the country. In the future, I believe artificial intelligence will enable even more creative applications and allow users to enjoy premium experiences brought by technology.”

Cheetah Mobile Inc. (NYSE:CMCM) and AI company OrionStar Technology Co. showcased the Cheetah GreetBot at the Hong Kong Electronics Fair. As its name suggests, the robot greeted attendees and introduced them to the company’s CM Translator. Sheng Fu, Chairman and CEO of Cheetah Mobile, commented:

"Bringing Cheetah GreetBot to the Hong Kong Electronics Fair is a significant milestone in Cheetah Mobile's expansion to the AI-driven industrial internet space. We believe AI and robotics will upgrade every industry, so we are building a whole-body AI technology chain to lead the way forward with new products for businesses and direct to consumers."

Global AI in Fintech Market to Reach $5.67 Billion by 2024

A report from Research and Markets finds that the global AI in fintech market will grow from $1.44 billion in 2018 to $5.67 billion in 2024 with a compound annual growth rate (CAGR) of 26.21 percent in the forecast period 2019-2024. An excerpt from the report description reads:

The global AI in Fintech market can be categorized based on component, deployment mode, application and regional analysis. In the solution sub-segment, the software tools segment is anticipated to acquire the largest market share, as it helps to extract a large amount of data. Based on the deployment mode, the global AI in Fintech market is bifurcated into cloud and on-premise. The cloud segment is likely to register the highest CAGR in coming years, as it offers a wide range of solutions to cater to the AI in Fintech market. AI in Fintech caters to various applications such as virtual assistant (chat bot), business analytics & reporting, customer behavioral analytics and others. Business analytics and reporting is the leading segment in the global AI in Fintech market and is poised to grow at a high rate over the course of next five years, as it helps in the analysis of customer behavior.

Sam Mowers, Investorideas.com

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For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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