The
#AIEye Episode 411: Baidu (NasdaqGS: $BIDU) Q2 Financials Driven by #AI,
Avnet’s (NasdaqGS: $AVT) Hackster.io Collaborating with Smart Parks on
ML-powered Tracking Collar for Elephants
Autonomous
Vehicle ECU Market to Grow $1.43 Billion from 2020-2024
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2020/081420-AI-Eye.mp3
Read
this in full at http://www.investorideas.com/news/2020/artificial-intelligence/08141AIEye-BIDU-AVT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:BIDU) (NasdaqGS:AVT)
Baidu, Inc. (NasdaqGS:BIDU)
has announced its unaudited financial results for
the second quarter ended June 30, 2020. The press release indicates that the
company’s growth has been heavily influenced by its AI and AI investments. The
firm reports total revenue of $3.69 billion, which was driven by its AI open
platform – which is built on top of Baidu Cloud, and offers over 260 AI
capabilities – Apollo robotaxi operations, and the company’s iQIYI video
platform, which reached 104.9 million subscribers in the quarter, and
more.Robin Li , Co-founder and CEO of Baidu, said:
"With
COVID-19 becoming more manageable in China , Baidu's business is steadily
rebounding. We are pleased that in-app revenue grew in the second quarter,
despite a challenging macro environment, further validating our strategy to make
Baidu App a super app through AI-powered building blocks and marketing cloud
platform. Baidu's new AI businesses, including cloud, smart devices and smart
transportation, saw double-digit growth in the second quarter and stand to
become an important revenue driver in the years to come."
Hackster.io, a community of Avnet, Inc. (NasdaqGS:AVT),
and advanced sensor solutions provider Smart Parks, are collaborating on the development of a next generation tracking
collar for elephants, supported by a new Hackster.io design challenge called
ElephantEdge. Powered by “advanced telemetry dashboards and machine learning
models,” ElephantEdge will provide “useful tracking, health vitals, motion,
environmental anomalies, and more,” to protect Africa’s dwindling elephant
population. Tim van Dam, Smart Parks co-founder, explained:
"Elephants
are the gardeners of the ecosystems as their roaming in itself creates space
for other species to thrive. Our ElephantEdge project brings in people from all
over the world to create the best technology that is vital for the survival of
these gentle giants. Every day they are threatened by habitat destruction and
poaching. Better sensors allow us to get more insight in their behavior so we
can improve protection."
Autonomous
Vehicle ECU Market to Grow $1.43 Billion from 2020-2024
A report from Technavio finds that the Autonomous Vehicle
ECU [engine control unit] market will witness growth of $1.43 billion from 2020
to 2024 with a compound annual growth rate (CAGR) of nearly 24 percent in that
forecast period. An excerpt from the report snapshot outlines key drivers
observed in the market:
The
development and deployment of semi-autonomous vehicles are gaining prominence
in developed areas such as the US and Europe due to the availability of
vehicle-specific lanes or highways. This is encouraging the development of an
intelligent transport system (ITS) and smart road infrastructure. The
availability of ITS in these regions will encourage the adoption of autonomous
vehicle ECU. Research analysis on the global autonomous vehicle ECU market
identifies that the developments in the intelligent transport system will be
one of the major factors that will have a positive impact on the growth of the
market.
Sam Mowers, Investorideas.com
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