The
#AIEye: VSBLTY (CSE: $VSBY.C) Upgraded Website Demonstrates “Intersection of
Marketing & Security”, IBM (NYSE: $IBM) Chosen by Regions Bank (NYSE: $RF)
for #AI Tech and Hitachi (OTC: $HTHIY) to Acquire JR Automation Technologies
Global
#AI Chip Market to Hit $83.252 Billion by 2027
Point Roberts WA, Vancouver BC – April 25, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/04251AIEye-VSBY-IBM-RF-HTHIY.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (CSE:VSBY) (Frankfurt:5VS) (NYSE:IBM) (NYSE:RF) (OTC:HTHIY)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (Frankfurt:
5VS) has launched a new upgraded website at vsblty.net
that focuses on the “Intersection of Marketing & Security”. Commenting on
the new site, VSBLTY Co-Founder and CEO Jay Hutton said:
“Our
website shows how our digital display solutions are transforming public spaces
and providing actionable marketing insights. In addition, VSBLTY Vector™, our
disruptive software module that can detect ‘persons of interest’ as well as any
type of weapon, is significantly enhancing security in airports, transit hubs,
as well as at casinos and sports & entertainment venues, all while brand
advertising is offsetting the cost.”
Regions Bank, a subsidiary of Regions Financial
Corporation (NYSE:RF), has chosen IBM (NYSE:IBM) to improve customer service and
assist its bankers using the latter’s AI technology. Beth Smith, General Manager, IBM Watson AI,
commented:
"The
use of artificial intelligence among banks continues to rise, helping financial
institutions make better use of vast amounts of data, analyze patterns,
evaluate risks and improve customer service. Regions Bank is focused on
improving customer and associate relationships and Watson will help them
continue to provide a great customer experience."
Hitachi, Ltd. (OTC:HTHIY) has entered a definitive agreement with equity
firm Crestview Partners to acquire the latter’s JR Automation Technologies for
$1.425 billion. JR Automation is a provider of intelligent automated
manufacturing and technology solutions. Bryan Jones, CEO of JR Automation,
said:
"We
are very excited to partner with Hitachi to take this next step in the
company's evolution. With our combined capabilities, Hitachi and JR will be a
uniquely qualified global leader in next generation smart manufacturing, and
this partnership will enable us to continue to drive tangible value creation
for our customers through innovative custom solutions.”
Global
AI Chip Market to Hit $83.252 Billion by 2027
A new report from The Insight Partners finds that the global AI chip market will grow from $5.658 billion
in 2018 to $83.252 billion by 2027 with a compound annual growth rate (CAGR) of
35 percent in the forecast period 2019-2027. An excerpt from the report
description reads:
With the availability of
enormous amount of data and vast scalability of cloud-based compute power,
artificial intelligence has become a huge trend across industries in these past
few years. In today’s digital world, information is the key for enterprises to
be successful and to maintain sustainable growth. Most industries especially
service sector rely deeply on analytics to provide them with useful business insights
and enable them to remain competitive in the market. Enterprises have been
continuously automating their business processes that were earlier conducted
either programmatically or manually. With advancements in AI chips and
introduction of application-specific custom chips, enterprises now have the
capability to collect real-time analytics and to transform their data into
actionable insights. There are numerous use cases available in the market of AI
being successfully implemented across industry verticals. The rising adoption of artificial
intelligence among North American countries is set to nurture the artificial
intelligence chip market in this region during the forecast period.
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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