The
#AIEye: Cisco (Nasdaq: $CSCO) to Acquire CloudCherry, NVIDIA (Nasdaq: $NVDA) and
VMware (NYSE: $VMW) to Deliver Accelerated GPU Services on #Cloud for AWS
(Nasdaq: $AMZN)
Global
Wearable #AI Devices Market to Reach $49.24 Billion by 2024
Point Roberts WA, Vancouver BC – August 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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this in full at https://www.investorideas.com/news/2019/artificial-intelligence/08261AIEye-CSCO-NVDA-VMW-AMZN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:CSCO) (NasdaqGS:NVDA) (NYSE:VMW) (NasdaqGS:AMZN)
Cisco Systems, Inc. (NasdaqGS:CSCO) has announced its intent to acquire predictive analytics
provider CloudCherry. According to the press release, this acquisition will
help in Cisco’s new cognitive and collaborative contact center, which uses
artificial intelligence and machine learning to empower agents in providing
more personalized customer experiences. Vasili Triant, vice president and
general manager, Cisco Contact Center Solutions, commented:
"We're
thrilled to add CloudCherry's market leading customer experience management
technology to our collaboration portfolio. This is the next step in realizing
our vision for cognitive collaboration in the contact center, enabling the
delivery of the best, most personalized customer experiences, ultimately
improving customer loyalty and lifetime value."
NVIDIA Corporation (NasdaqGS:NVDA) and VMware, Inc. (NYSE:VMW) have announced their intent to deliver accelerated
GPU services for VMware Cloud on AWS, a subsidiary of Amazon (NasdaqGS:AMZN), to power modern enterprise
applications, including AI, machine learning and data analytics workflows.
Jensen Huang, founder and CEO, NVIDIA, explained:
“From
operational intelligence to artificial intelligence, businesses rely on
GPU-accelerated computing to make fast, accurate predictions that directly
impact their bottom line. Together with VMware, we’re designing the most advanced
GPU infrastructure to foster innovation across the enterprise, from
virtualization, to hybrid cloud, to VMware's new Bitfusion data center
disaggregation.”
Pat Gelsinger, CEO, VMware, added:
“Our
customers are embracing the unique value of VMware Cloud on AWS to accelerate
the migration and modernization of business-critical applications. Through new
innovations driven by partnerships we have with industry leaders such as NVIDIA
and AWS, we will bring best-in-class GPU acceleration services for the most
intense data-driven workloads and modern applications across the hybrid cloud.”
Global
Wearable AI Devices Market to Reach $49.24 Billion by 2024
A report from Prescient & Strategic Intelligence finds
that the global Wearable AI Devices market will grow from $11.18 billion USD in
2018 to $49.24 billion in 2024 with a compound annual growth rate (CAGR) of 29
percent in the forecast period 2019-2024. The following excerpts outline trends
and drivers in the market:
Increasing
demand for VR headsets is a key trend observed in the wearable AI devices
market. With increasing smartphone penetration and growing trend of mobile and
cloud gaming, the use of VR headsets among consumers is increasing.
Furthermore, the video games market is expected to reach $92 billion by 2020 as
compared to $76 billion in 2017. As a result, the market players are focusing
on the launch of VR headsets to offer best visual experience, with additional
focus on sound quality, and improve the overall gaming experience for the
users.
Growing
adoption of AI-supported wearables for healthcare applications is one of the
major factors driving the wearable AI devices market, globally. This can be
mainly attributed to the growing consumer focus on a healthy lifestyle and
increasing awareness on AI-powered wearable devices and the convenience
associated with them. AI-enabled wearables allow the users to track what they eat
and how much they should sleep in addition to suggesting the changes in their
routine to improve their fitness level.
Sam Mowers,
Investorideas.com
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