The
#AIEye: Intel (Nasdaq: $INTC) and Lenovo Announce Multi-Year HPC/AI
Collaboration, HPE (NYSE: $HPE) Acquires MapR #AI Tech and Nuance (Nasdaq:
$NUAN) Reveals Name of Automotive Spin-Off
Global
#AI in Retail to See 35.4% CAGR from 2019-2024
Point Roberts WA , Vancouver BC – August 5, 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:INTC) (NYSE:HPE) (NasdaqGS:NUAN)
Intel Corporation (NasdaqGS:INTC) and Lenovo Group Limited (HKSE:992) have announced a multi-year collaboration to accelerate solutions
using high performance computing (HPC) and artificial intelligence. The two
companies will work to converge HPC and AI by integrating each other’s
technologies. Navin Shenoy, Intel executive vice president and general manager
of the Data Center Group, said:
“Intel
is laser-focused on helping our customers spur innovation and discovery through
the convergence of AI with HPC. Our extended collaboration with Lenovo combines
the best of both companies’ innovations to drive our customers’ progress
forward even faster.”
Hewlett Packard Enterprise Company (NYSE:HPE) has acquired the business assets of software
company MapR. This includes the latter’s technology, intellectual property, and
domain expertise in artificial intelligence and machine learning (AI/ML) and
analytics data management. Antonio Neri, president and CEO of Hewlett Packard
Enterprise, explained:
“The
explosion of data is creating a new era of intelligence where the winners will
be the ones who harness the power of data, wherever it lives. MapR’s file
system technology enables HPE to offer a complete portfolio of products to
drive artificial intelligence and analytics applications and strengthens our
ability to help customers manage their data assets end to end, from edge to
cloud.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has revealed the name of its planned automotive spin-off
company as Cerence Inc. Cerence Inc. will become an independent,
publicly-traded automotive software company on October 1, 2019. An excerpt
explains the company:
The
business delivers immersive experiences that make people feel happier, safer,
more informed, and more entertained in their cars. Bringing together voice,
touch, gesture, emotion, and gaze innovations, it creates deeper connections
between drivers, their cars and the digital world around them. It currently
powers A.I. in more than 280 million cars on the road globally across more than
40 languages and for nearly every major automaker in the world...
Global
AI in Retail to See 35.4% CAGR from 2019-2024
A report from Prescient & Strategic Intelligence finds that the
global AI in Retail market, which was valued at $720 million USD in 2018, will
see a compound annual growth rate (CAGR) of 35.4 percent in the forecast period
2019-2024. An excerpt from the report description outlines trends in the
market:
Increasing
adoption of AI technology among retailers for multi-channel marketing can be
viewed as a key trend in the market. The large volume of data generated on the
basis of in-store consumer behavior, e-mail marketing, and campaign management,
when analyzed, helps identify consumption patterns and develop personalized
campaigns, thus facilitating better decision making.
The
adoption of technologies such as machine learning, deep learning, and chatbot
is helping in transforming the entire marketing process in the retail industry.
[…] Moreover, the growing number of shopping channels, such as websites,
physical retail stores, and mobile applications, has compelled retailers to
employ AI technologies across these platforms to capture a larger customer
base. This increased use of AI to monitor and analyze data is, thus,
revolutionizing the retail industry, globally.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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