#AIEye #Podcast Episode 433: AWS (NasdaqGS: $AMZN) Selected by Arçelik (OTC: $ACKAY) and Baidu (NasdaqGS: $BIDU) Unveils Latest DuerOS Conversational #AI System
Global
Smart Cities Market to Reach $390.13 Billion by 2027
Point Roberts WA, Vancouver BC – September 16, 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:AMZN) (OTC:ACKAY) (NasdaqGS:BIDU)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by multinational appliance
manufacturing giant Arçelik (OTC:ACKAY) as “its preferred cloud provider for
machine learning and analytics across its entire operations.” Utku Barış Pazar,
Arçelik’s Chief Strategy and Digital Officer, explained:
"AWS
is a strategic resource in Arçelik’s digital transformation and global growth,
by keeping us agile and solidifying our position as an industry pioneer through
the use of advanced analytics, IoT, and machine learning services. We greatly
benefit from the insights delivered from AWS’s vast portfolio of services to
guide our business decisions, innovate quickly, and remain responsive to our
customers’ needs. As the uncertainty of the past few months makes clear, it is
critical to have an integrated view of our global operations in order to adapt
effectively to change. AWS is helping us navigate our business through this
unprecedented time and to keep our commitments to our customers."
Baidu, Inc. (NasdaqGS:BIDU) unveiled the latest version of its
conversational artificial intelligence (AI) system, DuerOS 6.0, at the Baidu
World 2020 event in Beijing yesterday. Some of the breakthroughs showcased for
DuerOS include applications associated with smart living, including smart
hotels and Xiaodu smart displays to assist elderly living. An excerpt reads:
Xiaodu
provides elderly demographics with ubiquitous smart services that can be
immensely helpful to their lives, such as for entertainment purposes, weather
reporting, health consultations and more.
The company also launched its first portable consumer
electronics product, the smart earbuds XiaoduPods, which “contain dual
microphones that are supported by [an] AI algorithm to offer accurate voice
pickup, filtering out excess noise from the user's surroundings in the
process.”
Global
Smart Cities Market to Reach $390.13 Billion by 2027
A report published by Data Bridge Market Research finds that the
global Smart Cities market will reach $390.13 billion by 2027 with a growth
rate of 21.18 percent in the forecast period 2020-2027. An excerpt from the
report description outlines potential drivers and restraints to the market:
[An}
increasing need of advanced network infrastructure, public safety, [the]
adoption of smart and connected technology, rising usages of energy during peak
hours, [and the] rising initiatives of government[s] for the adoption of Ppp
[Public-Private-Partnerships] model for smart cities, will likely enhance the growth of the smart
cities market in the forecast period of 2020-2027. [Additionally, the]
emergence of 5G technology, internet of things, a growing demand of system
integrators for end to end solutions, and rising environmental concern will
bring immense opportunities for the growth of the smart cities market in the
above mentioned forecast period.
Unavailability
of advanced technology in developing economies, poor operational efficiency,
and lack of uniform technology and standardisation are acting as market
restraints for smart cities in the above mentioned forecasted period.
Sam Mowers, Investorideas.com
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