The
#AIEye #Podcast Episode 354: mCloud (TSXV: $MCLD.V) Combining #AI in AssetCare
Platform with Air Purification Tech, Minerva Intelligence (TSXV: $MVAI.V) Signs
Contract with Natural Resources Canada for Flood Risk Reduction
Global
AI in Military to Reach $8.7 Billion by 2022
Point Roberts WA, Vancouver BC – May 21, 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 https://www.investorideas.com/news/2020/artificial-intelligence/05211AIEye-mCloud-Minerva.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (TSXV:MCLD) (TSXV:MVAI)
mCloud Technologies Corp. (TSXV:MCLD)
is combining the AI-powered HVAC and indoor air
quality capabilities of its AssetCare platform with air purification technology
based on active particle control through a partnership with SecureAire LLC.
mCloud's President, Barry Po, explained:
"We
have set up our teams to partner and target the millions of restaurant and
retail spaces re-opening their doors in the coming weeks.
The
key to bringing customers back and returning to profitability will come from
assuring them these establishments are safe. This combined AssetCare solution
with SecureAire will enable business owners to confidently reassure customers,
employees, and local health authorities they have taken decisive action to minimize
the risk of infection in their businesses."
AI company Minerva Intelligence Inc. (TSXV:MVAI)
is signing a contract with Natural Resources
Canada (NRCan) to produce a National Flood Hazard Data Layer, in partnership
with Ebbwater Consulting Inc. Tamsin Lyle, Founder and Principal of Ebbwater,
commented:
"We
are genuinely thrilled to have an opportunity to inform and build a
foundational tool for flood risk reduction that we will undoubtedly use
ourselves in future. We applaud NRCan on this initiative that will fill a large
data gap in flood hazard understanding in Canada . Minerva's approach to
artificial intelligence is unparalleled and we believe it will be instrumental
in achieving a standardized data layer for flood maps."
Global
AI in Military to Reach $8.7 Billion by 2022
A report from Markets and Markets finds that the global
Artificial Intelligence in Military market is projected to grow from $5.42
billion in 2016 to $8.70 billion by 2022, with a compound annual growth rate
(CAGR) of 14.75 percent in the forecast period 2017-2022. An excerpt from the
report description outlines the role of information processing as a key market
driver:
Militaries
worldwide have increased their spending on information processing and
analytics. AI-integrated systems assist in the processing of data and help in
the identification of patterns in data sets to make timely predictions. AI can
only be as smart as the data ingested, which is one reason why militaries are
spending on information processing and analytics. The convergence of AI and Big
Data has transformed the existing methods of intelligence exploitation and data
analytics.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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