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Tuesday, August 6, 2019

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

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  – (, 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,

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