#AIEye
#Podcast 578: #Stocks discussed: (NYSE: $BAH) (NYSE: $AI)
#artificialintelligence
Booz
Allen Hamilton Makes Strategic Investment in Latent AI, and C3.ai Named
Solutions Leader in IDC MarketScape Assessment
#AI
in #Agriculture Market to Grow by $458.68M from 2021-2025
Point Roberts WA, Vancouver BC – July 12, 2021 – 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
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/071221-AI-Eye.mp3
Read this in full at https://www.investorideas.com/news/2021/artificial-intelligence/07121BAH-AI.asp
Stocks discussed: (NYSE:BAH) (NYSE:AI)
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Booz Allen Hamilton (NYSE:BAH)
has made a strategic investment in Latent AI, Inc.,
a company with a suite of software tools that enable adaptive artificial
intelligence (AI) and machine learning (ML) at the edge. Steve Escaravage,
senior vice president at Booz Allen, explained the investment, particularly as
it pertains to defense organizations:
"The
National Defense Strategy calls for a more innovative, resilient military to
maintain the U.S. competitive advantage, and the ability to collect, analyze and
quickly act on data is at the core of that national security mission. To fully
leverage a force that is interconnected and information-advantaged, defense
organizations need optimized, scalable AI and data compression at the tactical
edge. Booz Allen’s investment in Latent AI will help enable our clients to
implement ML models on small form factor chip-sets and into highly sought-after
end user devices, which will increase AI adoption and return on
investment."
The IDC MarketScape has named C3.ai, Inc. (NYSE:AI)
as a solutions leader in its Worldwide Industrial IoT Platforms and
Applications in Energy 2021 Vendor Assessment “for its cohesive platform for
data, strong industry expertise, and enterprise AI capabilities.” Kevin Prouty,
IDC group vice president of energy and manufacturing insights, commented:
"As
the energy sector is becoming more responsive to emerging customer and market
demands, innovations like the Internet of Things and enterprise AI are
essential game changers that improve business productivity and reduce costs. We
recognize C3 AI as a Leader in the IDC MarketScape because of their industry
experience, cohesive data platform, use of enterprise AI, and demonstrated
ability to deliver solutions."
AI
in Agriculture Market to Grow by $458.68M from 2021-2025
A report published by Technavio finds that the global AI in
Agriculture market will grow by $458.68 million from 2021 to 2025 with a
compound annual growth rate (CAGR) of 23.24 percent in the forecast period.
According to the report’s snapshot:
“…there
has been a neutral impact on the market growth during and post COVID-19 era.
The maximizing profits in farm operations is notably driving the artificial
intelligence (AI) market growth in agriculture industry, although factors such
as high initial investment involved in robotics may impede market growth.”
Sam Mowers, Investorideas.com
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