The
#AIEye: NVIDIA (NasdaqGS: $NVDA) and Ericsson (NasdaqGS: $ERIC) Collaborating
on Commercializing Virtualized RAN Tech and Toho Bank Joins IBM (NYSE: $IBM)
Japan’s TSUBASA Core Banking System
Cisco
(NasdaqGS: $CSCO) Survey Finds #AI Adoption a Top Priority in IT Space
Point Roberts WA, Vancouver BC – October 25, 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.
Listen to today’s
podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/10251AIEye-NVDA-ERIC-IBM.asp
Today’s Column- The AI Eye- Watching
stock news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(NasdaqGS:NVDA) (NasdaqGS:ERIC) (NYSE:IBM) (NasdaqGS:CSCO)
NVIDIA Corporation (NasdaqGS:NVDA) is collaborating with Ericsson (NasdaqGS:ERIC) on technologies that will allow
telco operators to build high-performing, efficient and completely virtualized
5G radio access networks (RAN), that will enable faster and more flexible
introduction of new AI and IoT services. Combining Ericsson’s expertise in RAN
technology with NVIDIA’s in GPU-powered accelerated computing platforms, AI and
supercomputing, the endeavor’s goal is to commercialize virtualized RAN
technologies. NVIDIA founder and CEO Jensen Huang explained:
“5G is set to
turbocharge the intelligent edge revolution. Fusing 5G, supercomputing and AI
has enabled us to create a revolutionary communications platform supporting,
someday, trillions of always-on, AI-enabled smart devices. Combining our
world-leading capabilities, NVIDIA and Ericsson are helping to invent this
exciting future.”
IBM (NYSE:IBM) has announced that its TSUBASA shared core banking
system has enlisted another member in Japan's Toho Bank. Toho will be joining
Chiba, Daishi, Chugoku and North Pacific Banks in TSUBASA, which according to
the press release “shares business processing features such as deposits,
currencies and loans, various channels such as ATM & internet banking and
data connecting features with sub-systems”. It also leverages AI and blockchain
technologies in personalization and security. Kerry Purcell, General Manager,
Global Technology Services, IBM Japan, said:
"In the
fast-changing banking ecosystem, the call of the hour is to deliver tailor-made
solutions that don't just offer customer convenience but is also a sustainable
exercise in the long-term. We are very happy to have Toho Bank join the TSUBASA
core banking system on our shared mission to promote initiatives in digital
transformation in the banking industry."
Cisco Survey Finds
AI Adoption a Top Priority in IT Space
Recently-published research from Cisco (NasdaqGS:CSCO)
surveyed over 2000 IT leaders and network strategists and finds that AI
adoption is a top priority in the IT space. An excerpt reads:
●
Cisco
found maximizing businesses value to be IT's number one priority, demonstrating
a desire to drive greater innovation and closer alignment to business strategy.
●
In
order to achieve this, organizations are moving their networks towards
intent-based networking and investing in AI technologies.
●
IT
leaders expect new wireless technologies, AI and IoT to be the biggest network
disruptors in the next five years.
Scott Harrell, SVP and GM, Cisco Enterprise Networking,
commented:
"IT teams
today are running complex mission critical networks that are increasingly
capable of providing rich data. But using that data to improve the operations,
security, or business impact of the network requires new tools. That's why IT
teams are embracing intent-based networking, AI and machine learning — because
the business demands it. AI will help IT break the cycle of maintaining the
status quo. By embracing predictive analytics and AI-based operations, IT teams
will pivot from being consumed with maintaining the status quo to becoming an
enabler of new business innovation."
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit here
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