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Monday, July 22, 2019

The #AIEye: Microsoft (Nasdaq: $MSFT) Partners with OpenAI, Amazon (Nasdaq: $AMZN) Announces Two New #Robotics Fulfillment Centres and CEVA (Nasdaq: $CEVA) Acquires Hillcrest Labs

The #AIEye: Microsoft (Nasdaq: $MSFT) Partners with OpenAI, Amazon (Nasdaq: $AMZN) Announces Two New #Robotics Fulfillment Centres and CEVA (Nasdaq: $CEVA) Acquires Hillcrest Labs

Global Conversational #AI Market to See 32.4% CAGR from 2019-2025

Point Roberts WA, Vancouver BC – July 22, 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: (NasdaqGS:MSFT) (NasdaqGS:AMZN) (NasdaqGS:CEVA) (NasdaqGS:IDCC)

Microsoft (NasdaqGS:MSFT) and OpenAI have partnered to extend the former’s Azure capabilities in large-scale AI systems. As part of the agreement, the two companies will work to build new Azure AI supercomputing technologies and create an artificial general intelligence (AGI). Satya Nadella , CEO, Microsoft, commented:

"AI is one of the most transformative technologies of our time and has the potential to help solve many of our world's most pressing challenges. By bringing together OpenAI's breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI — while always keeping AI safety front and center — so everyone can benefit."

Amazon (NasdaqGS:AMZN) has announced plans to open two new robotics fulfillment centres in Ohio. According to the official website, “Amazon Robotics automates fulfilment center operations using various methods of robotic technology including autonomous mobile robots, sophisticated control software, language perception, power management, computer vision, depth sensing, machine learning, object recognition, and semantic understanding of commands”. Alicia Boler Davis, Amazon’s Vice President of Global Customer Fulfillment, said:

“Ohio has been a great place to do business, serve customers and create jobs; as a result, we are thrilled to develop two state-of-the-art fulfillment centers in Akron and Rossford. We're excited to grow our team in the Buckeye state, which now includes more than 8,500 Amazonians, and be part of the larger Ohio community.”

CEVA, Inc. (NasdaqGS:CEVA) has acquired Hillcrest Laboratories, Inc. from InterDigital, Inc. (NasdaqGS:IDCC). Hillcrest Labs is a leading global supplier of software and components for sensor processing in consumer and IoT devices. Gideon Wertheizer, CEO of CEVA, commented:

"We are truly excited to welcome the Hillcrest Labs team to CEVA. Their unrivalled expertise in sensor processing and innovative sensor fusion technology, as well as proven track record of high-volume shipments align perfectly with our diversification strategy in the smart sensing domain. This acquisition presents opportunities for multiple royalty growth vectors, including from OEMs, and enables us to be a pioneer in the emerging fields of AR & VR and the different classes of robots. Together with our broad portfolio of connectivity, sound, vision and AI technologies, Hillcrest labs will enable us to continue to redefine the limits of our technology solutions for the data-driven world."

Global Conversational AI Market to See 32.4% CAGR from 2019-2025

A report from Research and Markets finds that the global conversational AI market will see a compound annual growth rate (CAGR) of 32.4 percent in the forecast period 2019-2025. An excerpt from the report description reads:

The market for conversational AI platform is driven by the increasing number of messaging apps and voice assistants. Several industries are investing in conversational chatbots and are integrating AI-based chatbots with websites to stay ahead of the competition, as customers prefer chatting as the primary mode of communication. Preference to deal with human and data privacy & security concerns are hampering the market growth.
The implementation of conversational AI is anticipated to grow further as more and more companies are integrating conversational AI platforms in the existing chat, contact, and call centers for offering seamless interactivity and delivering personalized interactions to improve customer engagement.
Sam Mowers,

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