The
#AIEye: Second Spectrum Chooses AWS (Nasdaq: $AMZN) for Cloud, ML and #AI and
NVIDIA (Nasdaq: $NVDA) Posts Q4 Results
Global
AI in Retail to Reach $23.42 Billion by 2026
Point Roberts WA, Vancouver BC – February 14, 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: (NasdaqGS:AMZN) (NasdaqGS:NVDA)
Second Spectrum, the Official Optical Tracking and
Analytics Provider of sports leagues like the NBA and England’s Premier League,
has selected Amazon Web Services (AWS), a
subsidiary of Amazon (NasdaqGS:AMZN), as its preferred cloud,
machine learning (ML), and artificial intelligence (AI) provider. Rajiv
Maheswaran, CEO of Second Spectrum, explained:
"Second
Spectrum has created never-before-seen products and experiences for coaches,
analysts, players, producers, storytellers, and fans everywhere. In addition,
successful teams rely on our machine intelligence to find and share video,
discover key insights, and make more informed decisions faster. Using AWS’s
breadth and depth of services, Second Spectrum will elevate its analytics and
video processing capabilities to provide deeper insights into on-field and
on-court action. We look forward to leveraging AWS to continue to innovate new
and compelling content and give our customers and fans new and better ways to
experience sports."
NVIDIA Corporation (NasdaqGS:NVDA)
has reported a revenue of $3.11 billion for its
fourth quarter ending Jan. 26, 2020, representing an increase of 41 percent
from $2.21 billion the previous year, and an increase of 3 percent from $3.01
billion in the previous quarter. Jensen Huang, founder and CEO of NVIDIA,
pointed out:
“NVIDIA
RTX ray tracing is reinventing computer graphics, driving powerful adoption
across gaming, VR and design markets, while opening new opportunities in
rendering and cloud gaming. NVIDIA AI is enabling breakthroughs in language
understanding, conversational AI and recommendation engines ― the core
algorithms that power the internet today. And new NVIDIA computing applications
in 5G, genomics, robotics and autonomous vehicles enable us to continue
important work that has great impact.”
“We
are well positioned for the greatest technology trends of our time.”
Global
AI in Retail to Reach $23.42 Billion by 2026
A report from Fortune Business Insights finds that the global AI
in Retail market will grow from $2.306 billion in 2018 to $23.426 billion in
2026 with a compound annual growth rate (CAGR) of 33.7 percent in the forecast
period. An excerpt from the report summary outlines some anticipated market
drivers:
Artificial
Intelligence enables retail companies to collect and organize the enormous
customer data in a better way compared to traditional methods of doing
business. Using this data, the AI algorithm provides conclusions and offers a
platform for creating a more personalized shopping experience for the users.
The user data demonstrates their choice and demand. The AI model also helps
retailers predict the performance level of a product in the market by analyzing
records of sales and feedback. This allows retail companies to plan better
strategic decisions.
The
concept of virtual trial rooms has gained popularity over the years with the
ongoing development across the retail supply chain. Virtual trial rooms make it
possible for buyers to try different dresses without actually having to wear
them, by the help of digital mirrors. This advanced concept allows shoppers to experiment
with their outfit through a touch-based interface. Cosmetic companies are also
likely to gain from the development of AI-based virtual platforms. As customers
[are] not required to apply products physically, but instead virtually to check
what suits them the best.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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