The
#AIEye: Oracle (NYSE: $ORCL) Announces New Innovation and #Technology Center in
Portugal and VMware (NYSE: $VMW) Completes Carbon Black Acquisition
Global
Conversational #AI Market to Exceed $15 Billion by 2024
Point Roberts WA, Vancouver BC – October 10, 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/10101AIEye-ORCL-VMW.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NYSE:VMW)
Oracle Corporation (NYSE:ORCL) has unveiled a new Innovation and Technology
Center in Porto, Portugal. According to the press release, the “center will
focus initially on delivering breakthrough retail innovations leveraging the
latest technologies, including artificial intelligence and machine learning”.
Portugal Country Leader Bruno Morais commented:
"Oracle
Portugal is delighted to see Oracle's Global Retail business unit's commitment
to and investment in people and technologies in Porto. Similarly, we are
delighted to contribute to the development of Porto through the creation of
this global technology and innovation hub. As it is true for all Oracle
offices, we will actively foster community support and get involved in local
causes to enrich the area wherever we can."
VMware, Inc. (NYSE:VMW) has completed its acquisition of Carbon Black in an
all-cash transaction for $26 per share, representing an enterprise value of
$2.1 billion. The press release describes Carbon Black as “a leader in
cloud-native endpoint protection dedicated to keeping the world safe from
cyberattacks”. Sanjay Poonen, chief operating officer, Customer Operations,
VMware, explained:
“Carbon
Black brings us an industry-leading endpoint and workload security platform,
with a cloud-native architecture, an AI-powered data lake and a smart,
lightweight agent. The Carbon Black platform, along with VMware NSX, VMware
Workspace ONE, VMware Secure State and our future innovations, will deliver a
highly-differentiated intrinsic security platform across network, endpoint,
workload, identity, cloud and analytics. We believe this will bring a
fundamentally new paradigm to the security industry.”
Global
Conversational AI Market to Exceed $15 Billion by 2024
A report from Prescient and Strategic Intelligence finds that the
global Conversational AI market is projected to grow from $3.2 billion in 2018
to more than $15 billion by 2024 with a compound annual growth rate (CAGR) of
30.2 percent in the forecast period. An excerpt from the report description
reads:
AI
solutions are increasingly being adopted for customer service application, as
AI solutions like chatbots have gained prominence due to their ability of
resolving customer queries without the guidance of a human agent. These
solutions also enable the management of large volumes of data in a more
structured manner. This has resulted in providing effective customer care
services and reduced costs for the businesses. AI solutions have witnessed
rapid advancements as these systems now possess conversational capabilities
compared to their earlier models of speech to text translation. Retail and
e-commerce industry are expected to benefit the most from the growth of AI
solutions due to heavy investments made by these sectors toward customer
service.
Sam Mowers,
Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
or become an Investor Ideas member
About Investorideas.com - News
that Inspires Big Investing Ideas Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports
biotech, water, renewable energy and more. Investor Idea’s original branded
content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis
News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
The Investorideas.com podcasts are
also available on iTunes, Spotify,
Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit
the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions.
More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence is an
original content brand of Investorideas.com
Contact
Investorideas.com
800 665 0411
No comments:
Post a Comment