#AIEye
#Podcast 678: #Stocks discussed: (NYSE: $ORCL) (NYSE: $TU) #artificialintelligence
Oracle
Announces ML for MySQL Heatwave, and Telus Launching AI-Powered Energy
Optimization System with Vector Institute
Global
#AIaaS Market to Reach Nearly $38.99B by 2027
Vancouver, Kelowna, Delta, BC – April 1, 2022 – 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/2022/040122-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/04011ORCL-TU.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NYSE:TU)
Oracle Corporation (NYSE:ORCL) has announced that its MySQL HeatWave – a
high-performance query accelerator and relational database management system –
now supports in-database machine learning (ML) in addition to the previously
available transaction processing and analytics. Edward Screven, Chief Corporate
Architect, Oracle, explained:
"Just
as we integrated analytics and transaction processing within a single database,
we are now bringing machine learning inside MySQL HeatWave. MySQL HeatWave is
one of the fastest growing cloud services at Oracle. An increasing number of
customers have migrated from Amazon and other cloud database services to MySQL
HeatWave and have gained significant performance improvements and lower costs.
Today, we are also announcing a number of other innovations which enrich
HeatWave's capabilities, improve availability, and lower the cost.”
Telus Corporation (NYSE:TU) and the Vector Institute – an AI
non-profit – have announced the launch of the Energy
Optimization System (EOS), an AI-optimized solution aimed to “help reduce
operational costs and minimize electricity use in commercial buildings, namely
data centres, across Canada.” Jaime Tatis, Vice-president, Data Strategy and
Enablement, TELUS, commented:
“We
wanted to find the most efficient opportunity for temperature control in data
centres, one that considered both the environmental and economic costs, while
also providing the best service for our customers. Using MBRL [model-based
reinforcement learning] to develop an AI agent that chose specific actions
based on rewards, we were able to allow for quick learning by machines to
create new effective and efficient policies for controlling HVAC systems.”
Global
AIaaS Market to Reach Nearly $38.99B by 2027
A report published by Stellar Market Research finds that the global
Artificial Intelligence as a Service (AIaaS) market will grow from $3.85
billion USD in 2020 to nearly $38.99 billion by 2027, registering a compound
annual growth rate (CAGR) of 39.2 percent in the forecast period 2021-27. The
following excerpt from the report’s summary outlines some trends impacting the
market’s growth:
Nowadays,
artificial intelligence (AI), particularly computer vision and machine learning
(ML), is reshaping the robotics business. Firms have started to contemplate
truly autonomous machines that can sense, interact, and conceive the
environment around them to stay on top in a global market. Industries are
searching for dependable and knowledgeable technology partners as they attempt
to navigate this current technological transformation. Artificial neural
networks are used in deep learning models to handle enormous amounts of data,
such as photos, texts, and sounds, to provide correct results. AI-driven
automation has shown to be beneficial in a variety of areas, including
aerospace, medicine, farming, power, and handling of materials. Not only is AI
being used to automate operations, but it is also being utilized to identify
equipment failures and detect product irregularities.
Sam Mowers, Investorideas.com
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hear other editions of the AI Eye
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artificial intelligence stocks on Investorideas.com visit
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