The
#AIEye: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) Closes Second Tranche of Private
Placement and Pure Storage (NYSE: $PSTG) Unveils TAP Program Including NVIDIA
(NASDAQ: $NVDA) Joint Offering
NA
#AI Chip Market to Hit $30.62 Billion by 2027
Point Roberts WA, Vancouver BC – September 20,
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:PSTG) (NasdaqGS:NVDA)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) has closed the second tranche of its private
placement of $1,000 principal amount 10% convertible unsecured debentures for
gross proceeds $1,857,120, of which $1,691,000 were raised from the brokered
portion of the Offering and $166,120 gross proceeds were raised from the
non-brokered portion of the Offering . Echelon Wealth Partners Inc. acted as
lead agent and sole bookrunner for the Brokered Offering.
To date, the Company has
raised $3,022,120 pursuant to the Offering.
The Debentures will bear
interest from September 19, 2019 at a rate of 10% per annum on an accrual
basis, calculated and payable semi-annually, and will mature on September 19,
2021.
Pure Storage, Inc. (NYSE:PSTG) has launched its Technology Alliance Partner (TAP)
Program, a collaboration focussed on hybrid cloud, transitioning to fast,
consolidated architectures, and deriving business value from AI and analytics.
One partner is NVIDIA Corporation (NasdaqGS:NVDA), with whom Pure Storage has a
joint offering called AI-Ready Infrastructure (AIRI), aimed at helping
customers leverage AI to get a headstart on the competition. Charlie Boyle,
General Manager of DGX systems at NVIDIA, commented:
"Together,
NVIDIA and Pure are enabling enterprises to get a faster start on their AI
journey. AIRI, the industry's first AI-at-scale solution for enterprise, has
helped organizations around the globe eliminate the complexities of
infrastructure design, with faster, simplified deployment and manageability. We
look forward to the continued partnership in building differentiated solutions
for the enterprise through Pure's Technology Alliance Partner program."
NA
AI Chip Market to Hit $30.62 Billion by 2027
A report from Research and Markets finds that the North
American Artificial Intelligence Chip market will grow from $2.5 billion in
2018 to $30.62 billion in 2027, with a compound annual growth rate (CAGR) of 32
percent in the forecast period 2019-2027. An excerpt from the report
description reads:
The
increase in data generation due to the increasing proliferation of digital
services is the key driver that is driving the growth of the AI chip market.
Moreover, the adoption of cloud-based AI solutions is expected to boost the AI
chip market growth in the forecast period. Artificial intelligence and its
applications such as machine learning and deep learning have been growing
tremendously over the last few years. AI is being utilized extensively in
numerous areas ranging from cloud computing applications to digital assistants
and self-driving/autonomous vehicles. With ever increasing use cases of AI and
the evolving market landscape, the advancements in present chips have become a
necessity.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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