The
#AIEye: VMware (NYSE: $VMW) to Acquire Carbon Black (Nasdaq: $CBLK) and
Datametrex (TSXV: $DM.V) Enters LOI to Acquire Semeon Analytics
#AI
in #IoT to Reach $21.1 Billion by 2026
Point Roberts WA, Vancouver BC – August 23, 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/08231AIEye-VMW-CBLK-DM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:VMW) (NasdaqGS:CBLK) (TSXV:DM)
VMware, Inc. (NYSE:VMW) has entered a definitive agreement
to acquire Carbon Black, Inc. (NasdaqGS:CBLK) for $26 per share, representing
an enterprise value of $2.1 billion. Carbon Black is a security cloud provider
and will enable VMware to “better protect enterprise workloads and clients
through big data, behavioral analytics and AI”. Pat Gelsinger, CEO, VMware,
said:
“The
security industry is broken and ineffective with too many fragmented solutions
and no cohesive platform architecture. By bringing Carbon Black into the VMware
family, we are now taking a huge step forward in security and delivering an
enterprise-grade platform to administer and protect workloads, applications and
networks. With this acquisition, VMware will also take a significant leadership
position in security for the new age of modern applications delivered from any
cloud to any device.”
Datametrex AI Limited (TSXV:DM) has entered into a binding letter of intent (LOI)
to acquire all the outstanding shares of Montreal-based AI company Semeon
Analytics Inc. Andrew Ryu, CEO and Chairman of Datametrex, commented:
“I
am thrilled to announce signing this binding LOI with Semeon. We have been
looking for an AI and machine learning company that would compliment Nexalogy
and diversify the Company’s revenue stream. Nexalogy does great work with
Government and Military clients focusing on the collection and analysis of
unstructured data. Semeon has a very powerful AI, analytics, and reporting
platform that focuses on structured data providing its clients with precise
Voice of Customer analytics. Semeon has done a fantastic job securing many
fortune 500 companies as clients and will provide Datametrex an additional
platform to sell to our clients.”
AI
in IoT to Reach $21.1 Billion by 2026
A report from Esticast Research finds that the global AI
in IoT market will reach $21.1 billion USD by 2026 with a compound annual
growth rate (CAGR) of 27.1 percent in the forecast period 2018-2026. An excerpt
from the report overview reads:
IoT
is about connecting machines and making use of the data generated from those
machines. However, AI is about simulating intelligent behavior in machines of
all kinds.
Effective
management of data generated from IoT devices to gain valuable insights, and
reduced maintenance cost and downtime are some of the factors driving the
growth of the global AI in IoT market. However, lack of skilled workforce may
act as some of the key hindrances for the market growth. Moreover, real-time
monitoring to deliver an exceptional customer experience is likely to gain
significant impetus for the AI in IoT market share in the coming years.
Sam Mowers,
Investorideas.com
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