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 – 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: (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,
Investorideas.com
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