#AIEye
#Podcast 689: #Stocks discussed: (NasdaqGS: $BIDU) (NasdaqGM: $VERI) (OTC: $MARUY)
#artificialintelligence
Baidu
Receives Permits for Driverless Vehicles in Beijing and Veritone’s AI-Powered
iDERMS Selected by Marubeni Corporation
Global
#Mobile #AI Market to Reach $37.92B by 2028
Vancouver, Kelowna, Delta, BC – April 29, 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/2022/042922-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/04291BIDU-VERI-MARUY.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:BIDU) (NasdaqGM:VERI) (OTC:MARUY)
Baidu, Inc. (NasdaqGS:BIDU) has announced the receipt of the first-ever
permits in China authorizing it “to provide driverless ride-hailing services to
the public on open roads in Beijing.” To begin with, ten autonomous driverless
vehicles will be able to offer rides to passengers in a designated area of 60
square kilometers in the Chinese capital, joining an existing fleet provided by
Apollo Go, Baidu's autonomous ride-hailing service. According to the press
release, Baidu boasts the largest autonomous driving fleet in China, and plans
to add 30 more vehicles “at a later stage.”
Veritone, Inc. (NasdaqGM:VERI) reports that its AI-powered
intelligent distributed energy resource management solution (iDERMS) has been selected by Japanese integrated trading and
investment business conglomerate Marubeni Corporation (OTC:MARUY) to provide price, demand and
generation forecasts at their pilot project in the California Independent
System Operator (CAISO) SP-15 region. Sean McEvoy, senior vice president of Energy
at Veritone, said:
"At
Veritone, our number one priority is to advance the mission of our customers
and help them reach their business goals. Veritone’s iDERMS solution is the
best-in-class, and it will lay a strong foundation for Marubeni’s future power
generation initiatives for both itself and the communities it works with. We
are humbled by the trust Marubeni has given us, and we cannot wait to share the
results of the project.”
Global
Mobile AI Market to Reach $37.92B by 2028
A report published by Vantage Market Research finds that the global
Mobile AI market is projected to grow from $8.82 billion USD in 2021 to $37.92
billion by 2028, registering a compound annual growth rate (CAGR) of 27.5
percent in the forecast period 2022-28. An excerpt from the report’s
description outlines some key factors influencing the market’s growth:
Increasing
adoption of AI-based solutions and growing demand for real-time data analytics
coupled with predictive maintenance solutions across various industries has led
to the growth of the Global Mobile Artificial Intelligence Market. Rising
investments in R&D activities by major players is expected to fuel the
growth of the global market over the forecast period. Increasing penetration of
IoT devices is anticipated to drive growth of the Global Mobile Artificial
Intelligence Market. High cost associated with the deployment of AI-based
solutions is expected to hinder the growth of the Global Mobile Artificial
Intelligence Market.
Sam Mowers, Investorideas.com
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