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