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Tuesday, August 13, 2019

The #AIEye: VSBLTY (CSE: $VSBY.C) (5VS.F) (OTC: $VSBGF) Announces Brokered Private Placement, Oracle (NYSE: $ORCL) Autonomous Database Leveraged by JASCI Software and NVDIA (Nasdaq: $NVDA) Achieves Breakthroughs in #AI Language Understanding

The #AIEye: VSBLTY (CSE: $VSBY.C) (5VS.F) (OTC: $VSBGF) Announces Brokered Private Placement, Oracle (NYSE: $ORCL) Autonomous Database Leveraged by JASCI Software and NVDIA (Nasdaq: $NVDA) Achieves Breakthroughs in #AI Language Understanding

Global AI Market to Reach $202.57 Billion USD by 2026

Point Roberts WA , Vancouver BC – August 13, 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: (CSE:VSBY) (5VS.F) (VSBGF) (NYSE:ORCL) (NasdaqGS:NVDA)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) has announced a brokered private placement of $1,000 principal amount 10% convertible unsecured debentures for gross proceeds of up to $3,000,000 led by Echelon Wealth Partners Inc. The Debentures will bear interest from the date of issuance at a rate of 10% per annum on an accrual basis, calculated and payable semi-annually, and will mature on the date that is 24 months after the date of issuance. According to the press release, “The Company will pay a cash commission to the Agent equal to 8% of the gross proceeds of the Offering (4% from the sale of Debentures to purchasers identified on the Company's president's list) and will issue broker warrants equal in number to 8% of the Units (4% of the Units from the sale of Debentures to purchasers identified on the Company's president's list) that the aggregate principle amount of Debentures sold under the Offering are convertible into at a price of $0.45 per Unit. Each Broker Warrant entitles the Agent to purchase one Share at the price of $0.60 per Share for a period of 24 months from the Closing Date”.

Cloud supply-chain company JASCI Software is leveraging Autonomous Database technology from Oracle Corporation (NYSE:ORCL). Using Oracle Autonomous Transaction Processing allows JASCI to scale and secure real-time order fulfillment processing, thereby improving deliveries. The press release explains that JASCI’s “SaaS platform embeds AI into its applications to provide customers with real-time visibility into their warehouse, inventory, orders, labor and shipping”. Juan Loaiza, executive vice president of mission-critical database technologies, Oracle, commented:

"Retailers need a platform that can instantly process orders to meet the demand for fastest possible delivery to their doorstep. Oracle Autonomous Database enables companies like JASCI to grow their platform, handle trillions of transactions, and scale elastically to accommodate peak processing demands without downtime."

NVIDIA Corporation (NasdaqGS:NVDA) has announced breakthroughs in language understanding that allow for advances in real-time conversational AI. These advances include speed records in AI training and inference and building the largest language model of its kind to date. Bryan Catanzaro, vice president of Applied Deep Learning Research at NVIDIA, explained:

"Large language models are revolutionizing AI for natural language. They are helping us solve exceptionally difficult language problems, bringing us closer to the goal of truly conversational AI. NVIDIA's groundbreaking work accelerating these models allows organizations to create new, state-of-the-art services that can assist and delight their customers in ways never before imagined."

Global AI Market to Reach $202.57 Billion USD by 2026

Research from Fortune Business Insights finds that the global AI market will grow from $20.67 billion USD in 2018 to $202.57 billion USD in 2026, with a compound annual growth rate (CAGR) of 33.1 percent in the forecast period 2019-2026. An excerpt from the report summary identifies market drivers:

Artificial intelligence market growth is driven by an increasing adoption of cloud-based applications and services, the rise in the connected device market, considerable investments in 5G technology, and an increase in demand for intelligent virtual assistants. The number of AI technology experts is limited at present. Critical challenges affecting the demand for artificial intelligence market include concerns regarding data privacy and the unreliability of AI algorithms. The key artificial intelligence market opportunities include the potential of improving operational efficiency in the manufacturing industry and improving customer service in the retail sector. The market is likely to witness increased consumer demand resulting from the availability of higher-quality and personalized AI-enhanced products and services.

Sam Mowers,

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