#AIEye
#Podcast 599: #Stocks discussed: (NasdaqGS: $NICE) (NYSE: $JNPR) (NasdaqGS:
$INTC) #artificialintelligence
NICE
Actimize Updates SURVEIL-X Solution with AI, NLP Upgrades, and Juniper Networks
is Collaborating with Intel on ORAN Ecosystem
Global
#AI Market to Reach $291.5B by 2026
Point Roberts WA, Vancouver BC – September 3, 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/2021/090321-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/09031NICE-JNPR-INTC.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NICE) (NYSE:JNPR) (NasdaqGS:INTC)
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced an update to its SURVEIL-X Holistic
Conduct and Trade Surveillance solution, with “improved surveillance and risk
detection capabilities, an updated cloud architecture that produces five times
greater cloud scalability, and more powerful AI and Natural Language Processing
(NLP) applications.” The company’s Executive Vice President, Chris Wooten,
said:
"As
the industry’s first AI-powered, cloud-native, true holistic conduct
surveillance solution, SURVEIL-X is already helping financial services firms
around the globe support compliance with global regulations and reduce the risk
of fines and reputational damage. With our latest SURVEIL-X enhancements, we’re
raising the bar even higher, by providing greater scalability, agility, and
detection coverage, combined with new AI applications to reduce false
positives, and the ability to monitor Microsoft Teams communications."
Juniper Networks, Inc. (NYSE:JNPR) is collaborating with Intel (NasdaqGS:INTC) to accelerate advancement in
the Open Radio Access Network (ORAN) ecosystem. Through this joint initiative,
Juniper aims to “bring openness and innovation to a traditionally closed-off
part of the network, providing a faster route-to-market for service providers
and enterprises to deliver 5G, edge computing and AI.” Constantine
Polychronopoulos, VP of 5G and Telco Cloud at Juniper Networks, explained:
"Juniper
has always been committed to open infrastructures, which is why we are excited
to support the work that Intel has undertaken with their FlexRAN ecosystem. By
collaborating with Intel, we are able to deliver cloud-native routing,
automation, intelligence and assurance solutions and services that are
optimized for our customers’ needs, speeding time-to-market and enabling them
to monetize faster."
Global
AI Market to Reach $291.5B by 2026
A report published by StrategyR finds that the global AI market is
projected to grow from an estimated $47.1 billion in 2020 to $291.5 billion by
2026 with a compound annual growth rate (CAGR) of 34.3 percent in the forecast
period. An excerpt from the report’s abstract outlines factors influencing the
market’s growth:
The
AI technology market is poised to grow at a robust pace driven by its
increasing adoption in an expanding range of applications in varied industries.
The growing need to analyze and interpret burgeoning volumes of data and the
escalating demand for advanced AI solutions to improve customer services are
expected to fuel growth in the AI market. With significant improvements being
seen in data storage capacity, computing power and parallel processing
capabilities, the adoption of AI technology in various end-use sectors is on
the rise. The rising adoption of cloud-based services and applications, rapid
growth of big data, and the increasing need for intelligent virtual assistants
are also contributing to the rapid growth of the AI market. The advent of face,
image, and voice recognition technologies is further favoring growth in the
global market.
Sam Mowers, Investorideas.com
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