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Friday, June 21, 2019

The #AIEye: IBM (NYSE: $IBM) and Cloudera (NYSE: $CLDR) Form Strategic Partnership and iRobot (Nasdaq: $IRBT) Introduces Root Coding Robot to Product Lineup

The #AIEye: IBM (NYSE: $IBM) and Cloudera (NYSE: $CLDR) Form Strategic Partnership and iRobot (Nasdaq: $IRBT) Introduces Root Coding Robot to Product Lineup

Global #AI in Financial Asset Management to Hit $11.39 Billion by 2025

Point Roberts WA, Vancouver BC – June 21, 2019  – (, 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: (NYSE:IBM) (NYSE:CLDR) (NasdaqGS:IRBT)

IBM (NYSE:IBM) has announced a strategic partnership with software company Cloudera, Inc. (NYSE:CLDR) to develop joint go-to-market programs designed to bring advanced data and AI solutions. Scott Andress, Vice President of Global Channels and Alliances, Cloudera, commented:

"By teaming more strategically with IBM we can accelerate data-driven decision making for our joint enterprise customers who want a hybrid and multi-cloud data management solution with common security and governance. We are pleased to have expanded our relationship with IBM, and I am very encouraged by the momentum that our companies have continued to generate together since the merger."

iRobot Corporation (NasdaqGS:IRBT) has included the Root coding robot in its product lineup through the acquisition of Root Robotics. The Root is an educational robot on a mobile platform that users can instruct “to draw artwork, scan colors, play music, respond to touch and sound, climb whiteboard walls, and explore the fundamentals of robotics”. Colin Angle, chairman and CEO of iRobot, said:

"The acquisition of Root Robotics allows iRobot to broaden the impact of its STEM efforts with a commercially available, educational robotic platform already being used by educators, students and parents. Root also helps increase the reach of iRobot's educational robot line by offering a proven system for people of all ages, including students in elementary school."

Global AI in Financial Asset Management to Hit $11.39 Billion by 2025

A report from Research and Markets finds that the global AI in financial asset management market will reach revenue of $11.39 billion by 2025 with a compound annual growth rate (CAGR) of 33.84 percent in the forecast period. An excerpt from the report description reads:

Major areas where AI could be deployed in managing financial assets include fraud detection, personal financial management, and investment banking. With the implementation of financial asset management, the financial institutions can effectively manage their financial assets and meet expectations of the changing customer behaviour by leveraging technologies, including AI, predictive analytics, and machine learning. This will assist organizations in automation and improves business processes, thus resulting in enhanced customer experience.

Sam Mowers,

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