#AIEye
Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces
Collaboration with VORAGO Technologies
Global
AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover
Thereafter
Point Roberts WA, Vancouver BC – September 2, 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: (NasdaqGS:NVDA) (ASX:BRN)
NVIDIA Corporation (NasdaqGS:NVDA) has unveiled its GeForce
RTX 30 Series GPUs, which deliver a 2x performance improvement over the
previous Turing-based generation GPUs. The new Series employs the second
generation of PC gaming platform NVIDIA RTX to “provide unprecedented levels of
real-time ray tracing and AI gaming,” according to the press release. NVIDIA
founder and CEO Jensen Huang commented:
“Today’s
launch of NVIDIA Ampere GPUs is a giant step into the future. The work of
thousands of engineering years, the GeForce RTX 30 Series delivers our greatest
generational leap ever. NVIDIA RTX fuses programmable shading, ray tracing and
AI for developers to create entirely new worlds. Twenty years from now, we’ll
look back and realize that the future of gaming started here.”
BrainChip Holdings Ltd (ASX:BRN) announced a collaboration with high tech firm VORAGO
Technologies “to support a Phase I NASA program for a neuromorphic processor
that meets spaceflight requirements.” This involved VORAGO’s signing of
BrainChip’s Akida Early Access Program (EAP) Agreement. According to the press
release, Akida is a neuromorphic processor that “is designed to provide a
complete ultra-low power and fast AI Edge Network for vision, audio, olfactory
and smart transducer applications,” and “is uniquely suited for spaceflight and
aerospace applications.” BrainChip CEO Louis DiNardo said:
“We
are both excited and proud to participate in this Phase I program with VORAGO
Technologies and support NASA’s desire to leverage neuromorphic computing in
spaceflight applications. The combination of benefits from the Akida
neuromorphic processor and a radiation-hardened process brings significant new
capabilities to spaceflight and aerospace applications".
Global
AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover
Thereafter
Research published by ReportLinker finds that the global Artificial
Intelligence Services market is expected to decline from $0.85 billion in 2019
to $0.77 billion in 2020 with a compound annual growth rate (CAGR) of -9.46
percent. This is attributed to the COVID-19 pandemic and its resulting
“restrictive containment measures involving social distancing, remote working,
and the closure of industries and other commercial activities,” as well as
supply chain disruptions. However, the report finds that the market “is then
expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%.” An
excerpt from the report summary outlines the market:
The
artificial intelligence (AI) services market consists of sales of AI and
related services that are used in telecommunications, government, retail,
defense and healthcare. Companies in the artificial intelligence market provide
outsourced services to cater to business requirements. AI as a service enables
individuals and businesses to use AI for different purposes, without
significant initial investment and with lower risk.
Sam Mowers, Investorideas.com
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