breaking new for AI, drones, GPS and technology

Monday, February 10, 2020

The #AIEye: SoftBank’s Arm Launches #AI Chip for Tiny Devices, mCloud (TSXV: $MCLD.V) to Acquire AI Tech from AirFusion and Minerva Intelligence (TSXV: $MVAI.V) Completes Proprietary AI Development

The #AIEye: SoftBank’s Arm Launches #AI Chip for Tiny Devices, mCloud (TSXV: $MCLD.V) to Acquire AI Tech from AirFusion and Minerva Intelligence (TSXV: $MVAI.V) Completes Proprietary AI Development

White House to Propose “Doubling of AI R&D Funding” in 2021 Budget Proposal

Point Roberts WA, Vancouver BC – February 10, 2020  – (, 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:

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (TYO:9984) (TSXV:MCLD) (TSXV:MVAI)

Arm Ltd, a subsidiary of SoftBank Group Corp. (TYO:9984), announced the launch of an AI chip for “tiny devices such as sensors designed to detect patterns in human speech or other streams of data,” according to a report from Reuters today. Today, the company released the new Cortex M55 processor coupled with its Ethos-U55 “neural processing unit,” though the report indicates that “chips with the technology” will not hit the market until next year. These chips will “aim to carry out the special kinds of math needed by artificial intelligence (AI) software that can detect vibrations or pick out spoken keywords from a user.”

mCloud Technologies Corp. (TSXV:MCLD) has signed a contract to acquire AI visual inspection and monitoring technologies from AirFusion, Inc. Dave Weinerth , mCloud's President, Smart Energy, commented:

"AirFusion's AI-derived results from wind turbine blade images are the best we have seen, reducing processing times by over 90% without compromising high accuracy. This acquisition in combination with AssetCare gives mCloud a serious competitive edge over other wind blade inspection providers."

One particular acquisition will be AirFusion’s Newton Engine, “which uses patent-pending AI to identify and classify damage from images of wind turbine blades.” This will be integrated into mCloud’s AI-powered AssetCare platform.

mCloud stock is very much in the green today, posting growth of about 6.7 percent at press time. For more on mCloud, check out the podcast interview with the company’s CEO Russ McMeekin from March 2019, in which we discuss the AssetCare platform and its application in energy consumption.

In a corporate update released today, Minerva Intelligence Inc. (TSXV:MVAI) has announced that it has completed “the development of its proprietary artificial intelligence reasoning technology and is now implementing its strategy of delivering its solutions for commercial use through two primary product platforms: TERRA and GAIA.” TERRA is an AI mining suite comprising the following products:

     SolACE – Prepares data for cognitive AI and machine learning applications
     Target – Cognitive AI application for evaluation of surface exploration data
     DRIVER – Cognitive AI application for evaluation of mine and exploration drilling data
     LEO – Document management system optimised for interoperability with AI systems
GAIA allows users to generate and navigate hazard susceptibility, using cognitive AI capabilities to mimic “human-expert reasoning about natural hazards and provides explainable hazard assessments.” Scott Tillman, CEO of Minerva Intelligence, explained:

"2019 was focused on ensuring that our product suite was ready for market and that our team would be able to sere the needs of prospective clients. We have accomplished this and have launched into the commercialization phase of our business. We are looking forward to engaging with a number of customers and validate to the market the commercial applications of our unique technology."

White House to Propose “Doubling of AI R&D Funding” in 2021 Budget Proposal

A report from Reuters indicates that today The White House plans to propose a considerable increase in funding for artificial intelligence, as well as “quantum information sciences research and development in its 2021 budget proposal.” Specifically, this will entail a doubling of AI R&D funding from $973 million to nearly $2 billion by 2022. Though he declined to confirm the exact dollar amount, White House adviser and U.S. chief technology officer Michael Kratsios revealed in a statement that the budget will “ensure America continues to lead the world in critical technologies like AI and quantum. America’s economic strength and national security depend on it.”

Excluded from the previously mentioned figures are Defense Department spending on AI research. According to the report:

“The budget proposal on Monday will include a 70% increase for National Science Foundation (NSF) for AI-related grants and interdisciplinary research institutes, rising to more than $850 million…”

Sam Mowers,

For a list of artificial intelligence stocks on visit here or become an Investor Ideas member

About - News that Inspires Big Investing Ideas 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 podcasts are also available on iTunes,  Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: 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: Learn more about publishing your news release and our other news services on the newswire and  Global investors must adhere to regulations of each country. Please read privacy policy:
The AI Eye-  Watching stock news, deal tracker and  advancements in artificial intelligence is an original content brand of

Follow us on Twitter
Download our Mobile App for iPhone and Android  

800 665 0411


Get more tech stocks investor ideas- news, articles, podcasts  and stock directories

No comments:

Post a Comment