The
#AIEye: Cisco (Nasdaq: $CSCO) Announces Intent to Acquire Voicea, CEVA (Nasdaq:
$CEVA) Enters Strategic Partnership with Immervision and Arlo (NYSE: $ARLO)
Supports Apple’s (Nasdaq: $AAPL) HomeKit
Global
#AI in BFSI to Grow $11.94 Billion from 2019-2023
Point Roberts WA, Vancouver BC – August 6, 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:CSCO) (NasdaqGS:CEVA) (NYSE:ARLO) (NasdaqGS:AAPL)
Cisco Systems, Inc. (NasdaqGS:CSCO) has announced its intent to acquire software firm Voicea. Voicea is
powered by EVA (Enterprise Voice Assistant), an AI platform. According to the
press release, the acquisition “reflects Cisco's vision of Cognitive
Collaboration, interoperability, and workplace transformation through combining
the power of AI, ML, software, hardware, and the network to remove friction and
get work done faster and smarter” and is expected to close in Q1 of fiscal
2020. Amy Chang, senior vice president and general manager, Cisco
Collaboration, commented:
"Voicea's
true market leading technology will be a game changer for our Webex customers
to experience more productive and actionable meetings. The acquisition of
Voicea allows us to leap past basic transcription services and instead,
continue delivering on our vision of AI-driven, Cognitive Collaboration across
our entire portfolio."
CEVA, Inc. (NasdaqGS:CEVA) has entered a strategic partnership with wide-angle lense and
image processing tech developer Immervision. Part of the deal involves a $10
million technology investment from CEVA. Pascal Nini, CEO of Immervision, said:
"Immervision
is delighted to partner with CEVA, a technology leader with a strong presence
in the smart camera space. CEVA's partnership enables us to further innovate
our Panomorph lens and imaging technologies, and to capitalize on CEVA's market
channels, global sales and support offices. Beyond accelerating our penetration
and growth in key markets, this partnership also presents a great opportunity
to build innovation in deep seeing. CEVA's DSP and AI processor portfolio and
Immervision's new AI algorithms will unleash the power of wide-angle
intelligent vision at the edge."
Arlo Technologies, Inc. (NYSE:ARLO) has announced support for HomeKit, the smart home platform
from Apple (NasdaqGS:AAPL). This will pair Arlo’s Arlo Pro
Security Camera Systems with the HomeKit platform, allowing users to control
the smart home system with their iPhones or iPads.
Global
AI in BFSI to Grow $11.94 Billion from 2019-2023
Research from Technavio finds that the global AI in BFSI
(banking, financial services and insurance) market will grow by $11.94 billion
USD from 2019-2023 with a compound annual growth rate (CAGR) of 32 percent in
the forecast period. An excerpt from the report overview reads:
The BFSI sector has
been implementing AI extensively, especially in the front office business
functions, in the form of recommendation engines, chatbots, predictive
analytics, and others to offer customized services and enhance the digital
experience for customers. On the other hand, there is a significant demand from
the customer end as well for secure and automated banking solutions, which is
also propelling the global AI in BFSI market growth.
Sam Mowers,
Investorideas.com
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