The
#AIEye: SoftBank (OTC: $SFTBY) Announces AI-Focused “SoftBank Vision Fund 2”
and SecuredTouch Joins NICE (NASDAQ: $NICE) Actimize X-Sight Marketplace
Global
#AI in Aviation to Hit $2.22 Billion by 2025
Point Roberts WA , Vancouver BC – July 26, 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: (OTC:SFTBY) (NASDAQ: NICE)
SoftBank Group Corp. (OTC:SFTBY) (TYO:9984) has announced the establishment of a new private
investment fund called “SoftBank Vision Fund 2”. The fund’s capital has reached
$108 billion USD based on memoranda of understandings (MOUs) and $38 million
has come from SoftBank itself. According to the announcement, “the objective of
the Fund is to facilitate the continued acceleration of the AI revolution
through investment in market-leading, tech-enabled growth companies”. If
successful, this will be the biggest tech fund in the world. The first SoftBank
Vision Fund was worth $100 billion. Chris Lane, an analyst with Sanford C.
Bernstein & Co., is quoted in Bloomberg commenting on the confidence gained
from the first fund’s success:
“The
first round of investors were betting on a man and betting on his vision, but
the idea hadn’t been tested. For the second round of investors, you can see the
facts, you can see the returns.”
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), announced that fraud detection solutions
provider SecuredTouch has joined the former’s X-Sight Marketplace. According to
the press release, X-Sight Marketplace is “the industry’s first financial crime
risk management-focused ecosystem designed to assist financial services
organizations evaluate new point solutions and move to stay on top of a
challenging regulatory and criminal environment”. Yair Finzi, CEO,
SecuredTouch, commented:
“SecuredTouch welcomes this partnership with NICE
Actimize as we bring innovation and business value to financial services
organizations looking for more secure authentication and detection processes
that bolster their financial crime operations. There is strong synergy and
alignment between the industry-leading financial crime solutions and platforms
that NICE Actimize offers its community and SecuredTouch. We look forward to
building our presence within this innovative community platform.”
Global
AI in Aviation to Hit $2.22 Billion by 2025
Research from Market Insights Reports
finds
that the global Artificial Intelligence in Aviation market will grow from
$152.4 million in 2018 to $2.22 billion in 2025 with a compound annual growth
rate (CAGR) of 46.65 percent in the forecast period, according to a report from
Market Research Journalist. One application
of AI in Aviation is in predictive maintenance. A recent article from Avionics outlines some manifestations of this
application in the industry:
Right
now, Delta Air Lines is working on adopting artificial intelligence and machine
learning into its aircraft maintenance strategy. James Jackson, Delta Air Lines
manager of predictive technology engineering, provided a look at how airlines
are approaching the use of artificial intelligence within their maintenance
strategies during an “intelligent maintenance” themed presentation at the 2019
AEEC/AMC and MMC general session.
“We
want to integrate some of the more advanced technologies such as machine
learning, artificial intelligence, natural language processing and deep learning
into our predictive maintenance process. With the increased digitalization of
data, we want to have our technical airplane specialists focusing more on
validation rather than the aggregation and analysis of maintenance data,” said
Jackson.
While
Delta is not the only airline thinking about the use of artificial intelligence
for maintenance, Jackson’s approach to the use of AI shows how it can be an
effective tool for airline mechanics well into the future. Jackson’s
presentation focused on the use of artificial intelligence primarily to replace
today’s human tasks of ingesting, aggregating and analyzing raw data
transmitted by aircraft.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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