The
#AIEye: Baidu (NASDAQ: $BIDU) Launches Robotaxi Trials in Changsha and Nuance
(NASDAQ: $NUAN) Wins Alconics Award for AI-Powered #Biometrics #Tech
Global
#AI Market to Reach $169.41 Billion USD by 2025
Point Roberts WA, Vancouver BC – September 27,
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:BIDU) (NasdaqGS:NUAN)
Baidu, Inc. (NasdaqGS:BIDU) has launched the Apollo Robotaxi in Changsha,
Hunan province, with 45 self-driving taxis executing trial operations on the
city’s roads. The Robotaxis boast capabilities such as: “changing lanes based
on road and traffic conditions, assessing the movement of nearby vehicles and
employing automatic avoidance when encountering aggressive overtaking by other
vehicles”. Zhenyu Li, Vice President of Baidu and General Manager of its
Intelligent Driving Group, explained:
“The
robotaxi trial operations in Changsha demonstrate that the Apollo Robotaxi is
progressing from research and development to a market reality, which will serve
to provide rich feedback from real-world scenarios. Throughout the entire
process, we have been and will always be committed to safety first and
foremost. Intelligent driving is a great journey, and today marks a solid step
forward. We will continue to work together with our partners with the aim of
bringing a safer, more comfortable and more efficient autonomous driving
experience to all."
Nuance Communications, Inc. (NasdaqGS:NUAN) has won Best Application of AI in Financial
Services at the AIconics Awards presented by Forbes this week in San Francisco,
for its AI-powered biometrics technology. Brett Beranek, General Manager and
VP, Security Business, Nuance Enterprise, commented:
“Winning
this AIconics Award is a testament to the ROI that our customers in the
financial sector have been able to garner using our industry-leading biometrics
technology. With the explosion of digital channels – such as mobile banking
apps and websites – plus the continued use of traditional contact centers,
financial services organizations of all sizes are faced with managing and
securing an increasingly complex ecosystem. We thank the AIconics organization
for recognizing our innovations, which have enabled a number of financial
services organizations to successfully mitigate fraud and deliver positive
financial and operational results.”
Global
AI Market to Reach $169.41 Billion USD by 2025
A report from Allied Market Research finds that the global AI
market is projected to grow from $4.06 billion in 2016 to $169.41 billion in
2025, with a compound annual growth rate (CAGR) of 55.6 percent in the forecast
period 2018 to 2025. An excerpt from the Analyst Review section of the report
reads:
The
global artificial intelligence market signifies a noteworthy growth due to the
increase in deployments in the emerging countries such as India, China, and
others. Further, adoption in diverse industry verticals owing to growth in need
for analyzing and interpreting large amounts of data, as well as improved
productivity, and increased customer satisfaction have propelled the growth of
the AI market. However, lack of skilled workforce, particularly in the
developing regions, can hinder the market growth to a certain extent.
Sam Mowers,
Investorideas.com
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