The
#AIEye: VSBLTY (CSE: $VSBY.C) ( $VSBGF) Joins CIC to Develop Access Control and
Security Solutions, Virtusa (NasdaqGS: $VRTU) and Hitachi Form Partnership to
Advance #AI in Financial Services
Global
Deep Learning Market to Hit $17.4 Billion by 2023
Point Roberts WA , Vancouver BC – June 3, 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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this in full at https://www.investorideas.com/news/2019/artificial-intelligence/06031AIEye-VSBY-VRTU.asp
Today’s Column- The AI Eye- Watching
stock news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(CSE:VSBY) (5VS.F) (VSBGF) (NasdaqGS:VRTU) (TYO:6501)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F)
(VSBGF) and tech company CIC Technologies have
jointly announced a cross-licensing agreement that will
see them co-develop access control and security solutions. CIC CEO Sean Ryan
explained:
“In order to
anticipate cyber and physical attacks there increasingly must be a reliance on
innovative technologies. We are excited to work with VSBLTY and its
state-of-the-art software that provides facial recognition, analytics and
weapon detection that, combined with our own biometric, and access control
solutions, will take layered security to new and heightened levels for
corporations, governments, transportation centers, entertainment and sports
venues and schools.”
VSBLTY Co-founder and CEO
Jay Hutton commented:
“The combination of
CIC’s unique concealed weapons detection technology and the VSBLTY optical
weapons detection provides a comprehensive weapons detection capacity to allow
accurate detection and early warning. That is why we are confident that this
partnership will result in immediate contract wins and revenue to VSBLTY.”
Virtusa Corporation (NasdaqGS:VRTU) and Hitachi, Ltd. (TYO:6501) have announced a partnership with the aim of advancing the
adoption of AI in financial services. The two companies have started a joint
team in Silicon Valley where they will leverage Hitachi’s tech and R&D with
Virtusa’s financial services and digital engineering expertise. Kris
Canekeratne, chairman and CEO, Virtusa, said:
“AI is an imperative for our clients to gain a competitive
advantage. Financial services organizations have a significant opportunity to
leverage and deploy AI to gain significant competitive advantages. With this
partnership and through our deep digital capabilities we can help more clients
benefit from AI faster.”
Global Deep
Learning Market to Hit $17.4 Billion by 2023
A report from Market Research Future finds that the
global deep learning market will grow to $17.4 billion by 2023 with a compound
annual growth rate (CAGR) of 30.84 percent in the forecast period. An excerpt
from the report description reads:
Global
deep learning market is expected to witness substantial growth during the
forecast period. North America is estimated to be a prominent region for deep
learning market due to the presence of key market players, heavily investing in
the research and development of deep learning software, platforms,
applications, and systems across the US, Canada, and Mexico. Similarly,
increasing demand for deep learning technology for natural language processing
and voice/speech recognition in the European financial service industry is projected
to drive the deep learning market in the coming years. Asia-Pacific held the
second largest market share in deep learning in 2017.
Sam Mowers,
Investorideas.com
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