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 – 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: (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,
Investorideas.com
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