#AIEye
Episode 451: Kroger (NYSE: $KR) Launches AI-Powered Chefbot and Rekor Announces
Rekor (NasdaqGS: $REKR) One Roadway Intelligence Platform
Global
Edge AI Software Market to Reach $3.093 Billion by 2027
Point Roberts WA, Vancouver BC – October 12, 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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https://www.investorideas.com/Audio/Podcasts/2020/101220-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/10121AIEye-KR-REKR.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:KR) (NasdaqGS:REKR)
The Kroger Co. (NYSE:KR)
has launched the first generation of Chefbot,
described as an “AI-powered Twitter recipe tool that helps users' pair the
groceries in their fridge and reduce food waste by providing mealtime
inspiration and personalized recommendations.” Chefbot works by analyzing
photos of ingredients, scanning from thousands of recipes, and delivering
personalized recommendations to the user. The service was developed in
partnership with creative and media agency 360i. Menno Kluin, Chief Creative
Officer, 360i, said:
"Chefbot
illustrates how marketers can tap into augmented intelligence to deliver true
service and value. Innovation often happens during times of seismic change. By
leveraging visual AI in a bold new way, Kroger is bringing their promise of Fresh for Everyone to life while
addressing pain points and helping shoppers maximize their purchases."
AI-based roadway intelligence firm Rekor Systems, Inc.
(NasdaqGS:REKR)
has announced Rekor One, described in the press
release as “a new platform that will serve as a unifying source of roadway
intelligence for government agencies across cities, counties and states.”
Robert Berman, President and CEO, Rekor, explained:
“We
are launching Rekor One to help governments streamline critical public safety
and roadway information across their agencies. Each individual agency will have
the capability to both reduce capital expenditures and collect different data
driven insights – all from the same cameras -- securely and in real time. This
platform strengthens our commitment to assist the public sector in the creation
of smarter roadways, safer communities and smart cities.”
Global
Edge AI Software Market to Reach $3.093 Billion by 2027
A report published by Research Dive finds that the global Edge AI
Software market will grow from $435.9 million in 2019 to $3.093 billion by
2027, registering a compound annual growth rate (CAGR) of 28.8 percent in that
forecast period. An excerpt from the report overview outlines how the COVID-19
pandemic could actually be beneficial to the market’s growth.
The
pandemic has created a positive impact on the global edge AI software market.
It has been noticed that due to pandemic [many] organisations are shut down.
The manufacturing units have been impacted negatively due to the pandemic. Most
companies are preferring to adopt edge AI software for complete automation in
work processes to run the operational flow smoothly, which is predicted to
boost the global market in the estimated period.
Sam Mowers, Investorideas.com
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