#AIEye
Episode 415: IBM (NYSE: $IBM) Launching #AI Assistant for Seoul and GoldSpot (TSXV:
$SPOT.V) to Apply #MachineLearning to Identify Mining Exploration Targets
(TSXV: $TEM.V)
Global
Conversational AI Market to Reach $18.02 Billion by 2027
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (TSXV:SPOT) (TSXV:TEM)
IBM (NYSE:IBM) is collaborating with the South Korean
city of Seoul to launch an AI-based virtual assistant for Seoul citizens using
IBM Watson Assistant. The assistant, which is part of Seoul’s "I Care
You" project, is “designed to survey the changes to daily life and
difficulties that citizens are experiencing due to the COVID-19 pandemic to
help inform policy decisions moving forward,” according to the press release.
Seon-Ae Jeong, the Director-General of Seoul Innovation, said:
"Through
this survey using an AI-based virtual assistant, we have an opportunity to
understand the situation and social problems of citizens due to COVID-19. This
collaboration with IBM is a meaningful example of a public-private partnership.
In the future, the results will be utilized to help develop various policies in
Seoul City."
GoldSpot Discoveries Corp. (TSXV:SPOT) has been engaged by Tembo Gold Corp. (TSXV:TEM) to apply machine learning in identifying
new exploration targets on the latter’s
flagship project in the Sukumaland Greenstone Belt, in Tanzania. Denis
Laviolette, Executive Chairman and President of GoldSpot, said:
"An
AI-company is only as strong as its people, and GoldSpot has built an arsenal
of the brightest minds to have ever bridged the gap between geoscience and data
science. Due to our technological expertise and success cases, we have been
inundated with engagement requests and have the luxury of picking the best
explorers with the highest potential to work with. We are excited to bring our
big data solution to Tanzania and the Sukumaland Greenstone Belt."
Global
Conversational AI Market to Reach $18.02 Billion by 2027
A report from Verified Market Research finds that the global
Conversational AI market will grow from $3.89 billion in 2019 to $18.02 billion
by 2027 with a compound annual growth rate (CAGR) of 21.02 percent in the
forecast period 2020-2027. An excerpt from the report description outlines the
impact of the COVID-19 pandemic on the market’s growth:
The
emergence of COVID-19 has surged the demand for conversational AI. The
continuous lockdown across countries and the rising emphasis on work from home
have eventually reduced the number of working people, particularly in the BPOs.
The conversational AI offers various benefits, such as enhanced customer
experience, easy scalability, optimized data collection, advanced customer
service, and lessens overall operational cost.
The rise in the demand for customer service assistance in banks,
hospitals, and government bodies is contributing to the growth of the market.
Sam Mowers, Investorideas.com
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