The
#AIEye: IBM (NYSE: $IBM) Partners with Ghana Tech Lab and GIZ for Africa AI Accelerator Program and Aruba
(NYSE: $HPE) Unveils #AI-Powered Return to Work Suite
Global
AI Market to Grow by $376 Billion 2020-2025
Point Roberts WA, Vancouver BC – June 1, 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:HPE)
IBM (NYSE:IBM) has partnered with Ghana Tech Lab and Deutsche
Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch the Africa AI Accelerator Program 2020 to
support the scaling of the next generation of Africa’s AI start-ups. The
program will last six months, and “will be anchored on tailored support and
one-on-one coaching aimed at strengthening the business and technical capacity
of participating entrepreneurs.” An excerpt from the press release reads:
Artificial
intelligence offers new opportunities in developing and emerging countries to
overcome obstacles and achieve the [sustainable development goals] SDGs. For
example, AI can help agriculture automatically detect plant diseases or provide
local digital companies with new tools. Yet, local AI innovation to solve local
problems currently lacks the needed support. Developing and emerging countries
are therefore at risk of lagging behind in the use and development of AI or
becoming dependent on leading AI nations.
Aruba, a Hewlett Packard Enterprise (NYSE:HPE) company, has unveiled a suite of AI-powered return to work
solutions. The suite allows businesses to implement contact tracing and
touchless solutions for social and physical distancing monitoring solutions.
Partha Narasimhan, CTO and HPE Senior Fellow for Aruba, said:
"The
new fluid workplace requires contextual awareness, adaptability and scalability
on a global scale – all without security gaps. Throughout the pandemic, Aruba’s
AI-powered infrastructure has adapted to optimize customers’ reimagined work
environments at half a million customer sites worldwide, with massive
teleworkforces dispatched to work from home, and for essential mobile
workforces."
Global
AI Market to Grow by $376 Billion 2020-2025
Research published on ReportLinker finds that the global market for AI
will grow by $376 billion from 2020 to 2025 with a compound annual growth rate
(CAGR) of 49.3 percent in the forecast period. An excerpt from the report
summary looks at the post-COVID landscape of the market around the globe:
As
part of the new emerging geographic scenario, the United States is forecast to
readjust to a 38.1% CAGR. Within Europe, the region worst hit by the pandemic,
Germany will add over US$14.3 Billion to the region’s size over the next 7 to 8
years. In addition, over US$14 Billion worth of projected demand in the region
will come from Rest of European markets. In Japan, the Deep Learning segment
will reach a market size of US$3.4 Billion by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront
China. Amid the growing push for decoupling and economic distancing, the changing
relationship between China and the rest of the world will influence competition
and opportunities in the Artificial Intelligence (AI) market. Against this
backdrop and the changing geopolitical, business and consumer sentiments, the
world’s second largest economy will grow at 50.3% over the next couple of years
and add approximately US$43.2 Billion in terms of addressable market
opportunity. Continuous monitoring for emerging signs of a possible new world
order post-COVID-19 crisis is a must for aspiring businesses and their astute
leaders seeking to find success in the now changing Artificial Intelligence
(AI) market landscape. All research viewpoints presented are based on validated
engagements from influencers in the market, whose opinions supersede all other
research methodologies.
Sam Mowers, Investorideas.com
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