The
#AIEye: Sony (NYSE: $SNE), Intel (Nasdaq: $INTC) and NTT (OTC: $NTTYY) Create
Forum to Accelerate Communication Infrastructure, NICE (Nasdaq: $NICE) Actimize
Wins Award from CFI Magazine
Edge
#AI Software Market to Reach $1.986 Billion by 2026
Point Roberts WA, Vancouver BC – October 31, 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: (NYSE:SNE) (NasdaqGS:INTC) (OTC:NTTYY) (NasdaqGS:NICE)
Sony Corporation (NYSE:SNE), Intel Corporation (NasdaqGS:INTC), and Nippon Telegraph and
Telephone Corporation (NTT) (OTC:NTTYY) have announced the joint creation of a new industry
forum, called the Innovative Optical and Wireless Network (IOWN) Global Forum.
The forum aims to “accelerate the adoption of a new communication
infrastructure that will bring together an all photonics network
infrastructure”. This will include development of photonics R&D,
distributed compute that will leverage “both artificial intelligence and
workloads that will be dynamic and distributed”, and use cases and best
practices for a smart world and enabling technologies. Bob Swan, CEO, Intel
Corporation, explained:
“Digital
transformation and the growth of data is driving an infrastructure build-out
that will dwarf the first era of the cloud defined by hyperscale data centers.
We are using information technology now in completely new ways that demand we
move, store and process data even faster, more securely and often closer to the
person using the service. The combination of super-fast networking and
pervasive high-performance computing – the edge infrastructure to deliver smart
services anywhere, anytime – can only be achieved with a profoundly new mindset
shared across a global ecosystem. The IOWN collaboration is an important step
forward. A vision of this magnitude can only be achieved with global leaders
across industries. Intel is honored to join forces with NTT and Sony in this
industry-wide journey to help define the future of technology.”
NICE Actimize, a subsidiary of NICE Ltd (NasdaqGS:NICE), was awarded Best
Compliance RegTech Global by Capital Finance International (CFI) magazine
for its Financial Markets Compliance business. According to the press release,
NICE Actimize was recognized for its “advanced holistic surveillance solutions
that utilize artificial intelligence, machine learning, natural language
processing and other advanced technologies within its financial crime
compliance solutions portfolio”. Chris Wooten, EVP, NICE, commented:
“Once
again, NICE Actimize’s holistic surveillance solutions stand out as both
innovative and for solving complex challenges as we lead the industry with
AI-powered analytics and anomaly detection, and other next-generation
surveillance capabilities. We appreciate the continued recognition from CFI.co
on behalf of our advanced compliance and surveillance solutions, that address
the recent regulatory changes around the world. Today’s regulations not only
mandate monitoring of all communications across an organization but also
require that these rules are addressed quickly and accurately. We continue to
invest in our compliance solutions, infusing them with machine learning and
other advanced technologies with the goal of helping our clients meet the
regulations of today as well as preparing them for the future.”
Edge
AI Software Market to Reach $1.986 Billion by 2026
A report from Maximize Market Research finds that the global
Edge AI Software market is projected to grow from $346.3 million in 2017 to
$1.986 billion by 2026 with a compound annual growth rate (CAGR) of 24.4
percent in the forecast period. An excerpt from the report summary describes
the market and its key drivers:
Artificial
intelligence (AI) processing today is generally done in a cloud-based data
centre. The majority of AI processing is dominated by training of deep learning
models, which needs heavy compute capacity. Edge AI processing currently is
focused on moving the inference part of the AI workflow to the device, keeping
data constrained to the device. There are various different reasons why AI
processing is moving to the edge device, depending on the application.
Security, cost, latency, privacy, & bandwidth all essential to being
considered when evaluating cloud versus edge processing.
The
major factors driving the market growth include the growing enterprise
workloads on the cloud and rapid growth in the number of intelligent
applications. The increasing adoption of edge AI software in autonomous
vehicles’ applications could offer growth opportunities for the AI edge
software vendors in the market. In terms of data source, mobile data source
segment is expected to grow at the highest rate throughout the forecast period,
owing to the increasing demand to deploy edge AI software to analyze massive
amounts of data generated by mobile devices.
Sam
Mowers, Investorideas.com
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