#AIEye
#Podcast 582: #Stocks discussed: (NasdaqGS: $NVDA) (NasdaqGS: $OTEX)
#artificialintelligence
NVIDIA
Launches 8th Gen #AI #Software TensorRT 8, and Open Text Announces AI-Driven #Cloud
Editions 21.3
MLaaS
Market to Reach $12.1B by 2026
Point Roberts WA, Vancouver BC – July 20, 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/2021/072021-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/07201NVDA-OTEX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NVDA) (NasdaqGS:OTEX)
NVIDIA Corporation (NasdaqGS:NVDA) has launched TensorRT 8, the eighth generation of
its AI software, which according to the press release, “slashes inference time
in half for language queries -- enabling developers to build the world’s
best-performing search engines, ad recommendations and chatbots and offer them
from the cloud to the edge.” Greg Estes, vice president of developer programs
at NVIDIA, said:
“AI
models are growing exponentially more complex, and worldwide demand is surging
for real-time applications that use AI. That makes it imperative for
enterprises to deploy state-of-the-art inferencing solutions. The latest
version of TensorRT introduces new capabilities that enable companies to
deliver conversational AI applications to their customers with a level of
quality and responsiveness that was never before possible.”
Open Text Corporation (NasdaqGS:OTEX) has announced the release of OpenText Cloud
Editions 21.3, bringing AI-driven innovations to the OpenText Cloud “that will
enable businesses of all sizes to become more intelligent, secure and
connected.” This new version of Cloud Editions includes an AI solution called Magellan Risk Guard that helps
organizations ensure compliance and mitigate risk using “20 prebuilt AI models
that identify risk across 50 pre-defined categories such as personally
identifiable information (PII), drugs, alcohol and violence.” Mark J.
Barrenechea, CEO & CTO, OpenText, said:
"Organizations are embracing the
cloud as a key pillar in their digital transformation and growth strategies.
OpenText Cloud Editions supports both by delivering Information Management in
the cloud at scale, empowering businesses of all sizes to master modern work,
power modern experiences, digitize supply chains and strengthen cyber
resilience."
MLaaS
Market to Reach $12.1B by 2026
Research published by ReportLinker finds that thel Machine Learning
as a Service (MLaaS) market will grow from $1.6 billion in 2020 to $12.1
billion by 2026 with a compound annual growth rate (CAGR) of 39.86 percent in
the forecast period 2021-2026. An excerpt from the report’s summary outlines
how the growth of the market is driven by similar growth in IoT:
Machine
learning could engage in demystifying the hidden patterns in IoT data by
analyzing significant volumes of data utilizing sophisticated algorithms. ML
inference could supplement or replace manual processes with automated systems
utilizing statistically derived actions in critical processes. Solutions built
on ML automate the IoT data modeling process, thus, removing the circuitous and
labor-intensive activities of model selection, coding, and validation.
Sam Mowers, Investorideas.com
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