#AIEye
#Podcast 652: #Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $PATH) #artificialintelligence
Baidu’s
Electric Vehicle Arm Closes Series A Financing, and UiPath Works with Deloitte
in Smart Factory for Industry 4.0
Edge
#AI Market in #Japan to Reach $40.81B by 2030
Vancouver, Kelowna, Delta, BC – January 26, 2022 – 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/2022/012622-AI-Eye-2.mp3
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this in full at https://www.investorideas.com/news/2022/artificial-intelligence/01261BIDU-PATH.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
JIDU, the intelligent electric vehicle arm of Baidu,
Inc. (NasdaqGS:BIDU), has closed Series A financing, raising close to
$400 million. This enables JIDU to continue accelerating the progress of its
R&D and achieve mass production, including that of its Robocar set to be
launched in 2023. Yiping Xia, CEO of JIDU, said:
"It
has only been 10 months since JIDU started its journey. With the support of
cutting-edge AI technology combined with a high-quality vehicle platform and
manufacturing process, JIDU's efficient development of automotive robots has
been proven – the brain, nerve system, and body of the Robocar are all under
rapid development. When the product is delivered (in 2023), it will be a
benchmark-level product."
Robotic Process Automation software firm UiPath Inc. (NYSE:PATH) has become a Builder sponsor of The Smart Factory
@ Wichita, described as “a new Industry 4.0 immersive experience center by
Deloitte,” where it “will showcase the role of RPA in the future of smart
factories while engaging a broad spectrum of companies in sophisticated
manufacturing innovations and the technologies behind them.” Sebastian Seutter,
Global Manufacturing Lead at UiPath, explained:
"There
are endless possibilities to evolve the way in which solutions and products are
developed within smart factories to make an impact on the world. When automation,
artificial intelligence, and the IoT are seamlessly connected, smart factories
can dramatically reduce throughput time and increase factory output, while
enabling reduced lot sizes, ensuring sustainable operations, and lower
operating costs. UiPath is a partner-first company, and to date we’ve done more
than 400 joint engagements with Deloitte with large organizations. We are
embarking as a team on this initiative to illustrate to companies around the
world how humans working alongside robotic software assistants will rapidly
introduce new capacity for value and innovation."
Edge
AI Market in Japan to Reach $40.81B by 2030
A report published by Allied Market Research finds that the Edge AI
market in Japan is projected to grow from $7.79 billion in 2020 to $40.81
billion by 2030, registering a compound annual growth rate (CAGR) of 20 percent
from 2021-30. An excerpt from the report overview outlines the impact of the COVID-19
pandemic on the market’s growth:
The
emergence of COVID-19 has immensely affected the growth rate of edge AI
technology across Japan in 2020. A high positive impact has been witnessed in
the healthcare sector in Japan, as prime enterprises have started to realize
the potential of edge AI software in opposing the influence of COVID 19.
However, due to several obstacles created by the COVID-19 pandemic, such as a
lack of skilled professionals, project delays or cancellations, and raw
material accessibility, the COVID-19 pandemic significantly impacted the growth
of Japan Edge AI strategy across the productivity and mobility sectors. In
contrast, the rise in demand for intelligence applications across the
healthcare, manufacturing, and automotive areas in Japan is projected to drive
the Japan edge AI market growth post-pandemic.
Sam Mowers, Investorideas.com
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