The
#AIEye: NVIDIA (Nasdaq: $NVDA) RTX Leveraged Across Software Market and
Datametrex AI (TSX: $DM.V) Selected to Be Tech Solution Provider for Two Lakes
Group
#AI
in BFSI to Hit $20 Billion by 2024
Point Roberts WA , Vancouver BC – July 29, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/07291AIEye-NVDA-Datametrex.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NVDA) (TSXV:DM)
NVIDIA RTX technology, from NVIDIA Corporation (NasdaqGS:NVDA), is being leveraged across many
applications from software developers, according to a press release today. NVIDIA RTX
harnesses ray tracing and artificial intelligence technology. Greg Estes, vice
president of corporate marketing and developer programs at NVIDIA, explained:
“Around
the world, designers and artists, OEMs and software providers have embraced
real-time ray tracing and AI acceleration as the new industry standard in
product design and content creation. From RTX Studio laptops used by millions
of creatives to data centers managed by global businesses, the power of NVIDIA
RTX can be accessed from anywhere to design better products and produce richer,
more immersive entertainment faster than ever.”
Datametrex AI Limited (TSXV:DM) has been chosen by international consulting firm Two Lakes
Group to be the latter’s technology solution provider for projects in Africa.
Andrew Ryu, CEO and Chairman of Datametrex, commented:
“We
are thrilled to be chosen by Two Lakes Group as their solution provider for
implementing technology solutions in Africa. Two Lakes Group passion for
improving African countries and their reach to senior government officials is
impressive. We look forward to providing our solutions and services to help
drive growth in the countries Two Lakes Group secures contracts.”
AI
in BFSI to Hit $20 Billion by 2024
New research published by P&S Intelligence finds that the AI in BFSI
(banking, financial services and insurance) market will grow from $3.09 billion
in 2018 to $20 billion by 2024 with a compound annual growth rate (CAGR) of
37.2 percent in the forecast period. An excerpt from the report description
reads:
[The]
BFSI industry is leveraging advanced AI-based data analytics in order to combat
fraudulent transactions and to improve compliance. AI technology has the
potential to assist banks in becoming more efficient in detecting fraudulent
activities. Further, AI algorithms are used for carrying out anti-laundering
activities in [a] significantly less amount of time. Features such as AI bots,
digital payment advisers and biometric fraud detection mechanisms lead to
higher quality of services, to a wider customer-base. This further leads
organizations to gain increased revenues, reduced costs, and a boost in
operational profits.
Sam Mowers,
Investorideas.com
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