The
#AIEye: AWS (Nasdaq: $AMZN) Selected by Pro-Football Analytics Service for #Cloud,
ML and Qualcomm (Nasdaq: $QCOM) Accepts Lytx for Smart Cities Accelerator
Program
Global
#AI Infrastructure Market to Reach $50.6 Billion by 2025
Point Roberts WA , Vancouver BC – July 11, 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
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AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Pro Football Focus (PFF), a subscription-based
analytics service that supplies data to the National Football League (NFL),
National Collegiate Athletic Association (NCAA), and Canadian Football League
(CFL) teams, has selected Amazon Web Services (AWS) – a
subsidiary of Amazon (NasdaqGS:AMZN) – as its official cloud and
machine learning provider. PFF will leverage AWS services to “improve
operational efficiency, innovate at a faster pace, and drive deeper meaning
from game statistical data”. Cris Collinsworth, sports commentator, former NFL
player, and majority owner of Pro Football Focus, explained:
“We
have chosen to use AWS’s unmatched breadth of functionality to innovate at
scale, and are using services like Amazon SageMaker to help us build, train,
and deploy machine learning models so that we can generate predictions and
deliver insights faster to teams and broadcast partners such as NBC’s Sunday
Night Football. We are confident that AWS will give us what we need to innovate
on the fly, pinpoint new stats, and accelerate the delivery of those stats to
our audience.”
Video telematics, analytics, productivity and safety
solutions provider Ltyx has been accepted to participate in the Qualcomm (NasdaqGS:QCOM) Smart Cities Accelerator
Program. Launched by the latter’s subsidiary, Qualcomm Technologies, Inc., the
Accelerator Program connects “cities, municipalities, government agencies and
enterprises with an ecosystem of providers offering Qualcomm Technologies'
technology-based solutions tailored for smart cities applications”. Sanjeet
Pandit, senior director, business development and head of smart cities,
Qualcomm Technologies, Inc., commented:
"Lytx
is at the helm of innovation in video telematics-based safety and fleet
management solutions. Their data leadership and expertise in deploying machine
vision and artificial intelligence solutions for so many public and
private-sector fleets make the company an ideal partner for Qualcomm's Smart
Cities Accelerator Program. We are thrilled to have Lytx onboard to help drive
the future of fleet safety, tracking and management for smart cities around the
world."
Global
AI Infrastructure Market to Reach $50.6 Billion by 2025
A report from Research and Markets finds that the global AI
infrastructure market will grow from $14.6 billion in 2019 to $50.6 billion in
2025 with a compound annual growth rate (CAGR) of 23.1 percent in the forecast
period. An excerpt from the report description reads:
Major
factors driving the AI infrastructure market growth include increasing adoption
of cloud machine learning platform, escalating demand for AI hardware in
high-performance computing data centers, rising focus on parallel computing in
AI data centers, growing volume of data generated in industries such as
automotive and healthcare, improving computing power and declining hardware cost,
growing number of cross-industry partnerships and collaborations, and expanding
AI applications in industries such as healthcare, automotive, finance, and
tourism. However, mature markets in North America and Europe is one of the key
factors restraining the growth of the market.
Sam Mowers,
Investorideas.com
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