The
#AIEye Episode 339: C3.ai Collaborating with Microsoft (NasdaqGS: $MSFT) and
NVIDIA (NasdaqGS: $NVDA) Acquires Mellanox Technologies
#AI
Chips Market Could Witness Growth of $54.03 Billion from 2020-2024
Point Roberts WA, Vancouver BC – April 29, 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 http://www.investorideas.com/news/2020/artificial-intelligence/04291AIEye-MSFT-NVDA.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:MSFT) (NasdaqGS:NVDA)
AI software provider C3.ai is collaborating with Microsoft (NasdaqGS:MSFT)
to enhance its “global customer experience and elevate sales performance using
intelligent cloud technology.” To achieve this, C3.ai is adopting and deploying
Microsoft’s Dynamics 365 Sales and Teams, so as to “better prioritize
workloads, enhance sales experiences with mixed reality, and manage customer
needs with conversation intelligence and sentiment analysis.” Hayden Stafford,
corporate vice president, Business Applications, Microsoft, said:
"We're
looking forward to working with C3.ai to further its business goals with our
intelligent cloud services. With Dynamics 365 at the center of its business
transformation, the C3.ai team can streamline customer engagement across sales
and customer service to bring a unique, tailored experience to its employees
and customers."
NVIDIA Corporation (NasdaqGS:NVDA) has completed the acquisition of computer
networking firm Mellanox Technologies, Ltd. for $7 billion. Jensen Huang,
founder and CEO of NVIDIA, explained:
“The
expanding use of AI and data science is reshaping computing and data center
architectures. With Mellanox, the new NVIDIA has end-to-end technologies from
AI computing to networking, full-stack offerings from processors to software,
and significant scale to advance next-generation data centers. Our combined
expertise, supported by a rich ecosystem of partners, will meet the challenge
of surging global demand for consumer internet services, and the application of
AI and accelerated data science from cloud to edge to robotics.”
AI
Chips Market Could Witness Growth of $54.03 Billion from 2020-2024
A report from Technavio finds that the AI Chips market has
the potential to grow $54.03 billion from 2020-2024 with a compound annual
growth rate (CAGR) of more than 42 percent in the forecast period. An excerpt
from the report snapshot outlines some key drivers in the market:
The
increasing implementation of AI in robots is one of the major factors driving
market growth. Robotics consists of creating intelligent robots using AI and
pertains to computer-controlled mechanical devices to perform specific tasks
that are hazardous or tedious for humans. AI uses qualitative data that helps
in fast processing and automatic tagging of shapes with object names.
Additionally, it also eliminates or reduces risks to human life in many
applications. This will demand the need for innovative and powerful AI software
to develop high-precision capabilities for robots, which will make them free
from human control and result in increased productivity.
Rising
investments in AI start-ups, one of the major AI chips market trends, will also
drive market growth during the forecast period. With the growing demand from
corporate enterprises to provide customer support with chatbots and for helping
executives in managing their personal diaries, investors across the globe will
start focusing on investing heavily in AI startups. The increased funding will
encourage more new ventures and start-ups and this increasing number of new
start-ups will result in M&As. Such factors will drive AI chips market
growth at a CAGR of more than 42% by 2024.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
here
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