The
#AIEye: Intel (Nasdaq: $INTC) Acquires Habana Labs, Accenture (NYSE: $ACN) to
Acquire Clarity Insights and Honeywell (NYSE: $HON) Acquires Rebellion
Photonics
Embedded
#AI in Support of IoT to Reach $4.6 Billion Globally by 2024
Point Roberts WA, Vancouver BC – December 17, 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: (NasdaqGS:INTC) (NYSE:ACN) (NYSE:HON)
Intel Corporation (NasdaqGS:INTC)
has acquired Israel-based Habana Labs – a
developer of programmable deep learning accelerators for data centers – for
approximately $2 billion. According to the press release, the acquisition
“strengthens Intel’s artificial intelligence (AI) portfolio and accelerates its
efforts in the nascent, fast-growing AI silicon market, which Intel expects to
be greater than $25 billion by 2024”. Navin Shenoy, executive vice president
and general manager of the Data Platforms Group at Intel, commented:
"This
acquisition advances our AI strategy, which is to provide customers with
solutions to fit every performance need – from the intelligent edge to the data
center. More specifically, Habana turbo-charges our AI offerings for the data
center with a high-performance training processor family and a standards-based
programming environment to address evolving AI workloads."
Accenture (NYSE:ACN)
has entered into an agreement to acquire Clarity Insights,
described in the press release as “a U.S.-based data consultancy with deep data
science, artificial intelligence (AI) and machine learning (ML) expertise”.
Athina Kanioura, chief analytics officer and global lead for Applied
Intelligence at Accenture, explained:
"Clarity
Insights’s combination of strong technical talent, combined with deep industry
expertise, will fortify and broaden our ability to help our clients scale AI
across their businesses. Their focus on insight-driven transformation for
healthcare bolsters Accenture’s capabilities and is particularly critical now,
when our research shows that 87% of healthcare executives surveyed report that
they know how to pilot, but struggle to scale AI across their business."
Honeywell International,
Inc. (NYSE:HON) has acquired Rebellion Photonics, “a Houston-based
provider of innovative, intelligent, visual gas monitoring solutions that
maximize safety, operational performance, emissions mitigation and compliance
in the oil and gas, petrochemical and power industries”. John Waldron,
president and CEO of Honeywell Safety and Productivity Solutions, commented:
"To
rapidly respond to a gas leak and keep their facilities safe, oil and gas,
petrochemical and power companies are deploying Rebellion Photonics' next
generation visual monitoring technology powered by machine learning. This
acquisition complements Honeywell's strong portfolio of process technologies,
automation and gas detection solutions and accelerates our transformation to a
software-industrial company. Rebellion's employees share our mission of helping
keep workers healthy and safe on the job while reducing the environmental
impacts of gas emissions."
Embedded
AI in Support of IoT to Reach $4.6 Billion Globally by 2024
A recently-released report from Research and Markets looks at the growth of AI
in Big Data, Data as a Service (DaaS), and AI Support IoT (AIoT), finding that
Embedded AI in support of IoT Things/Objects will reach $4.6 billion globally
by 2024. Another highlight from the research is the finding that “AI in
industrial machines will reach $415M globally by 2024 with collaborative robot
growth at 42.5% CAGR”. An excerpt from the report description reads:
The
convergence of AI and IoT technologies and solutions (AIoT) is leading to
“thinking” networks and systems that are becoming increasingly more capable of
solving a wide range of problems across a diverse number of industry verticals.
AI adds value to IoT through machine learning and improved decision making. IoT
adds value to AI through connectivity, signaling, and data exchange.
Sam
Mowers, Investorideas.com
For a list of
artificial intelligence stocks on Investorideas.com visit
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Ideas member
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