#AIEye
#Podcast Episode 651: #Stocks discussed: (ASX: $BRN.AX) (NasdaqGM: $VERI) #artificialintelligence
BrainChip Holdings Announces 2021 as its Most
Successful Year Ever, and Veritone’s Energy Forecaster Outperforms Market
Mainstay CAISO
Global
#AI Edge Computing Market to Reach $59.63B by 2030
Vancouver, Kelowna, Delta, BC – January 24,
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/2022/012422-AI-Eye.mp3
Read
this in full at
https://www.investorideas.com/news/2022/artificial-intelligence/01241BRN-VERI.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and
advancements in artificial intelligence
Stocks
discussed: (ASX:BRN) (NasdaqGM:VERI)
BrainChip Holdings Ltd. (ASX:BRN) has announced 2021 as its most
successful year ever, attributing this to technological advancements made to
its Akida neuromorphic processing architecture, commercialization, market
upgrades, and improvements in its leadership. Sean Hehir, the company’s new
CEO, commented:
"One
of the things that impressed me the most about BrainChip when looking to join
the company was the quality and volume of successes it has achieved, and the
dedicated and talented team that are the heart of BrainChip’s success. As the
company transfers from strength of vision to strength of production, the
possibilities are endless. BrainChip is moving to market readiness, expansion
of a product portfolio, improvements to human resources, and improvements in
the stock market. I’m excited to see Akida’s impact on the $46B USD ‘Edge AI’
total addressable market (TAM) as BrainChip has unequivocally proved that it is
the leader in the neuromorphic AI space. I look forward to seeing the kind of
revolutionary moves we make in 2022."
Veritone, Inc. (NasdaqGM:VERI) has reported that its day-ahead market
(DAM) energy forecaster, which leverages AI-modeling, outperformed the
California Independent System Operator (CAISO) in November of 2021. Veritone’s
CEO Ryan Steelberg explained:
"For
years, CAISO has been the mainstay for forecasting in the energy market,
setting policies that ensure open access to participants and a transparent,
competitive market for energy. Like all industries, AI has the potential to
improve existing processes or introduce completely new models. Veritone is
taking an active role with the energy industry to help make the transition to
sustainable clean energy. That’s why we designed Veritone’s forecasting
solution to be system and hardware-agnostic. By offering a variety of solutions
including on-premise, hosted, or as a service, we give our energy customers the
ultimate flexibility without sacrificing performance. It’s a win-win for
everyone."
Global
AI Edge Computing Market to Reach $59.63B by 2030
A report published by Allied Market Research
finds that the global AI Edge Computing market will grow from $9.09 billion in
2020 to $59.63 billion by 2030, registering a compound annual growth rate
(CAGR) of 21.2 percent in the forecast period 2021-30. The report cites the
“ability of the AI edge to overcome cloud computing challenges, rise in demand
for real-time operations, and proliferation of edge AI-enabled devices,” as key
drivers in the market. Regarding the impact of COVID-19 on the market, an
excerpt from the report overview reads:
Although
the COVID-19 does not have a significant negative impact on the growth of the
market, the outbreak of COVID-19 will surely provide numerous opportunities for
the market to grow in the forecasted period. These opportunities include a
surge in demand for AI edge computing in enterprises due to remote work
initiatives, increase in healthcare applications, and introduction of
innovative AI edge computing solutions.
Sam Mowers, Investorideas.com
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