The
AI Eye Episode 349: Intel Capital (NasdaqGS: $INTC) Invests in AI Startups and
NVIDIA (NasdaqGS: $NVDA) Unveils DGX A100 AI System
Global
AI in Agriculture to Grow by $205.87 Million from 2020-2024
Point Roberts WA, Vancouver BC – May 14, 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
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:INTC) (NasdaqGS:NVDA)
Intel Capital, the investment arm of Intel Corporation
(NasdaqGS:INTC), announced new investments totaling $132 million
in 11 technology startups, including companies involved in artificial
intelligence and autonomous computing. Among these are: Anodot, which “uses machine learning to drive the future of
analytics — autonomous business monitoring,” Hypersonix, “an AI-powered autonomous analytics platform designed
for consumer industries such as retail, restaurants, hospitality and
ecommerce,” Lilt, which “aims to make
the world’s information accessible to all with AI-powered language translation
software and services,” and more. Wendell Brooks, Intel senior vice president
and president of Intel Capital, commented:
"Intel
Capital identifies and invests in disruptive startups that are working to
improve the way we work and live. Each of our recent investments is pushing the
boundaries in areas such as AI, data analytics, autonomous systems and
semiconductor innovation. Intel Capital is excited to work with these companies
as we jointly navigate the current world challenges and as we together drive
sustainable, long-term growth."
NVIDIA Corporation (NasdaqGS:NVDA) has unveiled the NVIDIA DGX A100, described as “the third generation of the world’s
most advanced AI system, delivering 5 petaflops of AI performance and
consolidating the power and capabilities of an entire data center into a single
flexible platform for the first time.” Shipping of this system has already
begun with “the first order going to the U.S. Department of Energy’s (DOE)
Argonne National Laboratory, which will use the cluster’s AI and computing
power to better understand and fight COVID-19.” Jensen Huang, founder and CEO
of NVIDIA, explained:
“NVIDIA
DGX A100 is the ultimate instrument for advancing AI. NVIDIA DGX is the first
AI system built for the end-to-end machine learning workflow — from data
analytics to training to inference. And with the giant performance leap of the
new DGX, machine learning engineers can stay ahead of the exponentially growing
size of AI models and data.”
Global
AI in Agriculture to Grow by $205.87 Million from 2020-2024
A report from Technavio finds that the global AI in
Agriculture market will grow by $205.87 million from 2020-2024 with a compound
annual growth rate (CAGR) of more than 22 percent. An excerpt from the report
snapshot outlines some drivers and impediments to market growth:
Factors
such as maximizing profits in farm operations will offer immense growth
opportunities. However, the high initial investment involved in robotics may
impede market growth. To make the most of the opportunities, vendors should
focus on growth prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments.
The report also finds that “38 percent of the market’s
growth will originate from North America during the forecast period,” with the
US being the key market on that continent.
Sam Mowers, Investorideas.com
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