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Wednesday, September 25, 2019

The #AIEye: HPE (NYSE: $HPE) Completes Acquisition of Cray, Avnet (Nasdaq: $AVT) Expanding E-Commerce in China Through Alibaba Alliance and Arlo (NYSE: $ARLO) Makes Pro 3 Camera System Available

The #AIEye: HPE (NYSE: $HPE) Completes Acquisition of Cray, Avnet (Nasdaq: $AVT) Expanding E-Commerce in China Through Alibaba Alliance and Arlo (NYSE: $ARLO) Makes Pro 3 Camera System Available

Global #AI Governance Market to Reach $316 Million USD by 2025

Point Roberts WA, Vancouver BC – September 25, 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: (NYSE:HPE) (NasdaqGS:AVT) (NYSE:ARLO)

Hewlett Packard Enterprise Company (NYSE:HPE) has completed its acquisition of supercomputer company Cray Inc., paying $35.00 per share, in a transaction valued at approximately $1.4 billion, net of cash. According to the press release, the following benefits are expected to emerge from the two companies’ combination:

      Enhanced portfolio: Extends HPE’s industry-leading HPC and AI portfolio, which provides more choice and flexibility for data intensive workloads;
      Technology innovation: Increases R&D infrastructure and expertise to accelerate development of new products and solutions;
      Service and support: Augments worldwide capabilities and coverage, especially within supercomputing, where high customer touch is paramount;
      Exascale leadership: Supercomputing leadership demonstrated by winning the first three exascale systems in the United States; and
      HPC-as-a-Service and AI / ML analytics through HPE GreenLake offering customers choice, flexibility and speed to market.

Phil Davis, president, Hybrid IT, Hewlett Packard Enterprise, explained:

“Bringing together Cray and HPE establishes the most comprehensive end-to-end portfolio across compute, storage, software and services in the fast-growing high performance computing and artificial intelligence market segments. But, the real value is what we can accomplish together as one team. We are united in our vision to be a global leader in high performance computing. By combining the teams’ deep expertise and R&D engines, we are better positioned to help our customers solve their most data-intensive challenges both today and well into the future.”

Avnet, Inc. (NasdaqGS:AVT) is expanding e-commerce in China through an alliance with Alibaba Group, in which the former will launch an Avnet Super Store on the latter’s China-focused B2B purchasing and wholesale marketplace, Nishant Nishant, vice president of digital, Avnet, commented:

“Through our alliance with Alibaba Cloud, developers in China can accelerate their IoT prototyping on a familiar and versatile platform with built-in cloud connectivity. By giving them easy access to feature-rich products that integrate hardware and cloud, plus experts in the Avnet ecosystem that can help them overcome the challenges of scaling to production, Chinese developers will be able to take their IoT solutions to market faster than before.”

Arlo Technologies, Inc. (NYSE:ARLO) has announced the availability of its Arlo Pro 3 camera series. Among other features, the Arlo 3 comes with a three-month trial of Arlo Smart, the company’s AI and computer vision-based service that delivers advanced detection of people, vehicles, animals and packages.

Global AI Governance Market to Reach $316 Million USD by 2025

A report from Research and Markets finds that the global AI Governance market is projected to grow from $51 million in 2019 to $316 million in 2025 with a compound annual growth rate (CAGR) of 44.3 percent in that forecast period. The following excerpts outline the automotive vertical in the market, as well as growth in Europe.

“Autonomous transportation is one of the areas in the automotive industry where the AI governance solutions are expected to be playing a major role because if the autonomous vehicle makes a mistake in decision making it can directly lead to the loss of life. Therefore, as self-driving cars can have a major role in making life and death-related decisions, they are expected to become a major adopter of AI governance solutions.”

“The AI governance market in Europe is expected to grow at a rapid pace during the forecast period. The region is expected to hold the second-largest market size in the global AI governance market. Various verticals across the region are focusing on incorporating AI governance model, to monitor the AI algorithm on a real-time basis, and to avoid complications and ethical challenges of post-development of the AI system. The European countries and regulatory authorities are at the forefront in conducting research on ethical AI and governance of AI technology.”

Sam Mowers,

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