The
#AIEye: AWS (NasdaqGS: $AMZN) Launches South Africa Region and LG CNS
Introduces “Face Recognition Community Currency” System
#AI
& #Robotics in #Aerospace and #Defense Market to Register 20% CAGR from
2020-2025
Point Roberts WA, Vancouver BC – April 24, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Today’s
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AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (KSE:066570)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), announced the launch of a new region in South Africa.
Based in Cape Town, the region allows users to run applications and store their
content in South African data centers. Among many other features, AWS offers
fully featured services for machine learning and AI. Peter DeSantis, Senior
Vice President of Global Infrastructure and Customer Support, AWS, said:
"The
cloud is positively transforming lives and businesses across Africa and we are
honored to be a part of that transformation. We have a long history in South
Africa and have been working to support the growth of the local technology
community for over 15 years. In that time, builders, developers, entrepreneurs,
and organizations have asked us to bring an AWS Region to Africa and today we
are answering these requests by opening the Cape Town Region. We look forward
to seeing the creativity and innovation that will result from African
organizations building in the cloud."
Korea IT Times reports that LG CNS, a
subsidiary of LG Electronics Inc. (KSE:066570), has launched a “face recognition
community currency” system combining AI, blockchain and cloud technologies.
This enables users to make cryptocurrency transactions upon facial recognition,
so as to avoid unnecessary contact. Lee Joon-won, LG CNS Solution Business
Development Manager, said:
“It
is expected that blockchain-based community currency will be used by a lot more
people as it becomes more convenient when it meets AI. As non-face-to-face
technologies are applied recently, blockchain that increases transaction
reliability will be used more widely.”
AI
& Robotics in Aerospace and Defense Market to Register 20% CAGR from 2020-2025
A report published by Research and Markets finds that the AI and
Robotics in the Aerospace and Defense market will exhibit a compound annual
growth rate (CAGR) of 20 percent from 2020-2025. An excerpt from the report
description outlines the military segment of the market:
The
military segment of the market studied is expected to register the highest CAGR
during the forecast period. Advances in AI, deep-learning, and robotics are
aiding new military capabilities to the armed forces, with its applications
ranging from intelligence, surveillance, and reconnaissance to offense/defense
balances and nuclear weapons systems. Countries are also investing in these
technologies to improve the operating efficiency of the detection systems, the
accuracy of the weapons systems, and enhance battlefield communications. The
United States Department of Defense (DoD) started Project Maven initiative that
aims to bring AI and computer algorithms to war zones. Such investments are
fuelling the growth of this segment during the forecast period.
Sam Mowers, Investorideas.com
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