The
#AIEye: Intel (NASDAQ:
$INTL) Awards $75K Prize for Machine Learning Tech and CEVA (NASDAQ: $CEVA)
Makes SLAM Platform Available for DSPs and #AI Processors
Global
Automotive #AI Market to Reach $8.8 Billion by 2025
Point Roberts WA , Vancouver BC – May 20, 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
Stocks
discussed: (Nasdaq:INTC) (Nasdaq:CEVA)
Intel Corporation (NasdaqGS:INTC) has awarded a $75,000 prize to 16-year-old
Krithik Ramesh of Greenwood Village, Colorado at the company’s International
Science and Engineering Fair. Ramesh won the top prize for developing a machine
learning technology for orthopedic surgeons. An excerpt from the press release
explains the technology:
Using
machine learning and computer vision, the project helps orthopedic surgeons
achieve greater accuracy for screw placement during spinal surgery. Based on
Ramesh’s tests, this method has the potential to decrease operating time by at
least 30 minutes, reduce physical therapy recovery time by four weeks and
diminish the negative side effects associated with traditional medical imaging.
Ramesh received the $75,000 Gordon E. Moore Award, named in honor of the Intel
co-founder and fellow scientist.
CEVA, Inc. (NasdaqGS:CEVA) has announced the availability of its SLAM
(Simultaneous Localization and Mapping) software kit for its CEVA-XM family of
intelligent vision DSPs and the NeuPro family of AI processors. Ilan Yona, vice
president and general manager of the Vision Business Unit at CEVA, explained
the significance of this announcement:
"SLAM
is the underlying technology that enables high-accuracy 3D mapping of a
device's surroundings. It is a key component for a broad range of emerging
devices including AR/VR headsets, drones, robots and other autonomous machines.
We have capitalized on our unique expertise in designing vision DSPs and
software algorithms to streamline our customers' entry into the exciting, yet complex
domain of 3D machine vision."
Global
Automotive AI Market to Reach $8.8 Billion by 2025
A report from Allied Market Research finds that the global
automotive AI market will grow from $445.8 million in 2017 to $8.88 billion in
2025, with a compound annual growth rate (CAGR) of 45 percent. An excerpt from
the report overview reads:
Artificial
intelligence (AI) is one of the most progressive technologies in computer
science. It is associated with human intelligence through similar
characteristics such as language understanding, reasoning, learning, problem
solving, and others. Manufacturers in the market witness enormous underlying
intellectual challenges in the development and revision of the technology. In
addition, the growth in automotive industry is expected to drive the automotive
artificial intelligence market. Automotive industry has experienced the promise
of artificial intelligence and is among the major industries using AI to
augment and mimic the action of humans. Furthermore, emergence of standards
such as advanced driver assistance system (ADAS), adaptive cruise control
(ACC), blind spot alert, and growth in demand for convenience features attract
automotive vendors towards AI.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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