#AIEye Episode 465: Veritone (NasdaqGS: $VERI) Reviews Agreement with CBS News, and DigiMax Global (CSE: $DIGI.C) with Subsidiary DataNavee Develops AI-Based Crypto Tool #artificialintelligence
Global
Big Data Tech Market – Driven by AI, ML – to Reach $116.07 Billion by 2027
Point Roberts WA, Vancouver BC – October 30, 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/2020/103020-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/10301AIEye-Veritone-DigiMax.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:VERI) (CSE:DIGI)
Veritone, Inc. (NasdaqGS:VERI)
has renewed its content licensing agreement with
CBS News. Under this multi-year renewal agreement, CBS will be able to leverage
Veritone’s “proprietary AI technology to advance and accelerate the content
search and discovery process,” for the former’s archival and breaking news
content. Jay Bailey, Vice President of Entertainment Licensing at Veritone,
said:
"We
are incredibly proud of all that we have accomplished in our decade of working
with CBS News, and are excited to renew our agreement and power the future of
premium content licensing together. Through our extended partnership, we will
continue to grow the amount of CBS News footage that is available to content
creators and with our proprietary AI technology make it easier and faster for
creatives to pinpoint the perfect moment for their next project."
DigiCrypts Blockchain Solutions Inc. (CSE:DIGI), o/a Digimax Global Solutions, along with its
wholly-owned subsidiary DataNavee Corporation, “has developed an AI-Based predictive trading
information platform that has demonstrated an ability for an investor to
realize superior rates of return trading crypto currencies such as Bitcoin and
Ethereum.” An excerpt from the press release explains:
…the
program uses AI to sort through reams of data that includes not only the
trading history of the currencies, but also both macro- and micro-economic
data, world events, and global money flows. Bringing all of this data into one
program gives the user an ability to predict small and large changes in pricing
direction with a high correlation to actual price moves.
Global
Big Data Tech Market – Driven by AI, ML – to Reach $116.07 Billion by 2027
A report published by Fortune Business Insights finds that the
global Big Data Technology market will grow from $41.33 billion in 2019 to
$116.07 billion by 2027 with a compound annual growth rate (CAGR) of 14 percent
in the forecast period 2020-2027. An excerpt from the report summary outlines
the roles of AI and ML as drivers in the market:
The
rising adoption of technologies such as Machine learning, AI, and data
analytics, is changing the landscape of big data technology. The integration of
such technologies with big data helps organizations to augment their
visualization capabilities, make complicated data usable, and more accessible
over visual representation. ML tools utilize business intelligence solutions to
investigate structured and unstructured data. End-users can use ML and data
analytics integrated with big data technology to analyze the information and
draw insights about the prize, sales, and quantity to reach the target
customers. This helps end-users to predict future conditions and to efficiently
manage the transportation and supply chain components.
Sam Mowers, Investorideas.com
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