The
#AIEye: Nuance’s (Nasdaq: $NUAN) China Auto Form to Demo New Automotive
Innovations and iRobot (Nasdaq: $IRBT) Names New Chief Product Officer
Global
#AI in Agriculture to Reach $2.42 Billion by 2025
Point Roberts WA, Vancouver BC – September 3, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Stocks
discussed: (NasdaqGS:NUAN) (NasdaqGS:IRBT)
Nuance Communications Inc. (NasdaqGS:NUAN) will host its 2019 China Auto Forum on September 4,
2019, in Shanghai with the theme Digital
Transformation: the Engine of New Business Value. Forum attendees will see
Nuance Automotive innovations including “an on-road demo of a fully customized
mobility assistant platform built specifically for the Chinese market; ARK, a
new, localized, turn-key voice AI solution” and more. Nuance Automotive, which
powers AI in more than 280 million vehicles, will spin off from Nuance to
become an independent, publicly-traded firm called Cerence, Inc. on October 1,
2019. Charles Kuai, Corporate Senior Vice President & President, Greater
China Region, Nuance Communications, said:
“As
we prepare to spin out from Nuance and create Cerence, this event is an
important milestone for the business and our relationships across Greater China
and the rest of the world. The automotive industry is undergoing a
transformation from hardware- to software-focused vehicles as automakers apply
greater focus on the in-car experience and services. I look forward to
discussing this transformation with industry leaders and showcasing how our
Automotive business brings unique value as we together navigate this changing
landscape.”
iRobot Corporation (NasdaqGS:IRBT) has named Keith Hartsfield as the company’s new
Chief Product Officer, a newly created position. Hartsfield recently served as
vice president, Z Products at HP, where he was responsible for the
multibillion-dollar Workstations product portfolio, which includes devices used
for machine learning and artificial intelligence. Colin Angle, chairman and
chief executive officer of iRobot, commented:
"Keith
is a seasoned leader who brings a wealth of experience in consumer hardware,
intelligent devices and software solutions. He understands the needs of the
customer and how to effectively work across the business to develop successful
go-to-market strategies on a global scale. We are excited to welcome Keith and
his passion for product innovation to the iRobot team."
Global
AI in Agriculture to Reach $2.42 Billion by 2025
A report from Verified Market Research finds that the global AI
in Agriculture market will grow from $504.05 million in 2017 to $2.42 billion
by 2025 with a compound annual growth rate (CAGR) of 11 percent in the forecast
period 2017-2025. An excerpt from the report description reads:
The
agricultural sector is rapidly adopting advanced technology such as Artificial
Intelligence and machine learning in terms of both agricultural products and
in-field farming techniques. Artificial intelligence is all set to
revolutionize the future of farming with the help of drones, robots and
intelligent monitoring systems, and driverless tractors. Artificial
intelligence can help the farmers in producing more food from the land while
using fewer resources. It offers benefits such as disease detection, crop
readiness identification, health monitoring of crops, field management: and
identification of optimal mix for agronomic products.
Increasing
population, growing demand for agricultural production, rising adoption of
information technology systems, increasing consumption as well as growth
initiatives by governments supporting the adoption of modern agricultural
techniques have been driving the global AI in Agriculture market. While high
implementation costs, data security issues, and lack of understanding of end
users in AI in agriculture act a potential restraint for the overall market at
a global level.
Sam Mowers,
Investorideas.com
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