The
#AIEye: ALCF Expand HPC Storage Capacity Ahead of HPE (NYSE: $HPE) and Intel (Nasdaq:
$INTC) Powered Exascale Supercomputer, Wipro (NYSE: $WIT) Announces Strategic
Alliance with Smart Energy Water
Global
#AI in Security to Pass $24 Billion by 2025
Point Roberts WA, Vancouver BC – January 31, 2020 – 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:HPE) (NasdaqGS:INTC) (NYSE:WIT)
Hewlett Packard Enterprise Company (NYSE:HPE), alongside the U.S. Department of
Energy’s Argonne Leadership Computing Facility (ALCF), have announced the latter’s deployment of the Cray ClusterStor
E1000 storage system. According to the press release, the deployment “advances
storage capacity” for “workloads that require converged modeling, simulation,
artificial intelligence (AI) and analytics workloads, in preparation for
Aurora, ALCF’s forthcoming exascale supercomputer, powered by HPE and Intel (NasdaqGS:INTC).” Peter Ungaro, senior vice
president and general manager, HPC and AI, at HPE, explained:
"ALCF
is leveraging Exascale Era technologies by deploying infrastructure required
for converged workloads in modeling, simulation, AI and analytics. Our recent
introduction of the Cray ClusterStor E1000 is delivering ALCF unmatched
scalability and performance to meet next-generation HPC storage needs to
support emerging, data-intensive workloads. We look forward to continuing our
collaboration with ALCF and empowering its research community to unlock new
value."
Both HPE and Intel stocks are about three percent in
the red today as the stock market more broadly is taking a downturn. A report
from CNBC indicates that the drop in both the Dow and
S&P 500, each down more than one percent, is a result of an earlier
announcement from Delta and American Airlines that “they had suspended flights
between China and the U.S. due to the coronavirus.”
Wipro Limited (NYSE:WIT) announced a multi-year global strategic alliance with Smart Energy Water
(SEW) with the goal of providing solutions to accelerate digital transformation
for enterprise clients in the global utilities space. The joint offerings,
according to the press release, are “built on SEW’s industry-leading digital
Customer Experience (CX), Workforce Engagement, Internet of Things (IoT),
Artificial Intelligence (AI) Machine Learning (ML) and Big data analytics
platforms.” N.S. Bala, President and Global Head, Energy, Natural Resources,
Utilities & Construction, Wipro Limited, commented:
“The
Wipro-SEW partnership is key to our Utilities marketplace as clients seek to
provide enhanced experience for their customers and workforce. We will leverage
our rich industry expertise, domain-specific knowledge and SEW’s products with
its analytics capabilities, to help fulfill the digital transformation agenda
of our Utilities clients."
Wipro is no exemption from the downtrend that affected
HPE and Intel today. In addition to the coronavirus concerns, today saw the resignation of Wipro CEO & Managing Director
Abidali Z Neemuchwala, which may have had a negative impact on the stock.
Global
AI in Security to Pass $24 Billion by 2025
A report from Adroit Market Research
finds
that the global AI in Security market will exceed $24 billion USD by 2025. An
excerpt from the report’s Analyst Commentary
section reads:
Various
major players operating in the Information & Communication Technology (ICT)
sector are investing heavily in R&D of artificial intelligence (AI) and
machine learning (ML) technologies, as the demand from large as well as small
& medium enterprises is rising for AI-enabled solutions. Moreover, many
organizations are deploying surveillance cameras to monitor premises and
surroundings, therefore, adopting continuous monitoring policies. In turn, with
such continuous monitoring, organizations security teams have to deal with huge
quantities of operational data which further creates inefficiency for the other
business processes. Hence, cybersecurity professionals and organizations are
adopting AI and ML-enabled security solutions to deal with such issues.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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