The
#AIEye: Canadian Western Bank (TSX: $CWB.TO) to Implement #AI Solution from
FICANEX and AI Firm Sonasoft (OTC: $SSFT) Announces Appointment of New CFO
AI
in Automotive & Transportation Market to Reach $45.1 Billion by 2024
Point Roberts WA, Vancouver BC – February 13, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/02131AIEye-CWB-SSFT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (TSX:CWB) (OTC:SSFT)
Canadian Western Bank (TSX:CWB) is implementing tunl.chat, an AI-powered
conversational banking tool from digital financial services provider FICANEX,
with the aim of improving the former’s digital client experience. Andrew Obee,
President & CEO of FICANEX, commented:
"We
are thrilled that CWB Financial Group will be the first bank to implement
tunl.chat and take advantage of this very strategic digital channel to improve
customer communications. Our experience with other tunl.chat implementations
has allowed us to create a very robust AI-powered chatbot that will enable
fully automated anywhere and anytime conversations between CWB and their
customers and potential customers alike.”
AI and data engineering firm Sonasoft Corp. (OTC:SSFT) has announced the appointment of Rob Baumert as its
new CFO. Formerly responsible for Finance, Supply Chain, Customer Support and
Data Analytics for online marketplace Redbubble, Baumert presided over the
company’s growth “from $3M in revenues to over $150M” and a successful 2016 IPO
in Australia. The press release indicates that updates regarding the company’s
AI initiatives can be expected “as plans continue to progress.”
Sonasoft had previously announced “that its artificial
intelligence solution, NuGene, was selected to power a new AI marketing
platform by Cognitive ROI.” NuGene is leveraged to model marketing ROI based on
past performance. Ankur Dinesh, Sonasoft’s Chief of Artificial Intelligence,
explained:
“NuGene
goes further than traditional machine learning analysis of data and tests all
correlations to find the ones with the strongest causation, resulting in models
that are more robust and less biased.”
AI
in Automotive & Transportation Market to Reach $45.1 Billion by 2024
A report from Vynz Research finds that the global market
for AI in the Automotive and Transportation industry is expected to reach $45.1
billion by 2024 with a compound annual growth rate (CAGR) of 17.7 percent in
the forecast period 2018-2024. The report cites the “growing adoption of ADAS
(Advanced Driver-Assistance Systems), rising investment in vehicle performance
improvement, and implementation of government regulations for vehicle safety
and security,” as key factors in the market’s growth. Expanding on this, an
excerpt from the Growth Drivers
section of the report description reads:
Growing
demand for improved driving experience with enhanced safety and comfort
features will act as a major driver for the artificial intelligence market for
automotive and transportation industry. Along with that, ADAS and inclination
towards safety and security will act as an addition factor driving the market.
All these factors will impact the artificial intelligence market for automotive
and transportation industry progression in the market in years to come.
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