#AIEye #Podcast Episode 487: AWS (NasdaqGS: $AMZN) Announces Five New ML Services at re:Invent Conference and Baidu (NasdaqGS: $BIDU) Named Leader in #AI-Patent Applications in China for 2020; #artificialintelligence
Global
AI in Commerce Market to Reach $1.977 Billion by 2027
Point Roberts WA, Vancouver BC – December 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
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AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NasdaqGS:BIDU)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced five new machine learning services – Amazon Monitron, Amazon Lookout for Equipment, AWS
Panorama Appliance, AWS Panorama SDK,
and Amazon Lookout for Vision – to
“help industrial and manufacturing customers embed intelligence in their
production processes in order to improve operational efficiency, quality
control, security, and workplace safety.” This announcement was made at the AWS
re:Invent virtual conference today. Briefly, according to the press release, Monitron and Lookout enable machine learning-powered predictive maintenance, and
Panorama “uses computer vision to
improve industrial operations and workplace safety.” Swami Sivasubramanian,
Vice President of Amazon Machine Learning for AWS, explained:
"Industrial
and manufacturing customers are constantly under pressure from their
shareholders, customers, governments, and competitors to reduce costs, improve
quality, and maintain compliance. These organizations would like to use the
cloud and machine learning to help them automate processes and augment human
capabilities across their operations, but building these systems can be error
prone, complex, time consuming, and expensive. We’re excited to bring customers
five new machine learning services purpose-built for industrial use that are
easy to install, deploy, and get up and running quickly and that connect the
cloud to the edge to help deliver the smart factories of the future for our
industrial customers."
Baidu, Inc. (NasdaqGS:BIDU), according to a recent
study published by two units of China's Ministry of Industry and Information
Technology (MIIT), “holds the most AI-related patents and has filed
the most AI-related patent applications of any company or organization in
China.” As of October this year, the company has filed a total of 9,364
AI-related patent applications, of which it has been granted 2,682. These cover
an array of sub-fields of AI, including deep learning, autonomous driving, and
NLP and intelligent speech technologies.
Global
AI in Commerce Market to Reach $1.977 Billion by 2027
A report published by Data Bridge Market Research finds that the
global AI in Commerce market will grow at an average annual rate of 7.87
percent from 2020-2027 and reach $1.977 billion by 2027. An excerpt from the
report’s description explains:
Commerce
AI business is developing at a firm movement and is estimated to be propelled
by online retailers in e-commerce purchasing, style stores, and repository
mechanization. The impeccable keen sightedness of AI in enterprises will
transform the purchasing practice, decision building will be responsive and most
of the methods will be automated. Also, upcoming technologies like big data
will moreover heighten the extent of the market.
Sam Mowers, Investorideas.com
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