#AIEye
#Podcast 697: #Stocks discussed: (NYSE: $LHX) (NYSE: $MAXR) #artificialintelligence
L3Harris
Technologies and Maxar Technologies Selected by US DOD for AI Programs
Global
#AI in #Agriculture to Exhibit 19.9% CAGR from 2019-26
Vancouver, Kelowna, Delta, BC – May 20, 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
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https://www.investorideas.com/Audio/Podcasts/2022/052022-AI-Eye.mp3
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:LHX) (NYSE:MAXR)
L3Harris Technologies, Inc. (NYSE:LHX) has announced that it has been selected by the
U.S. Department of Defense (DOD) to deliver artificial intelligence services to
improve intelligence gathering and collaboration across the defense and
intelligence communities. Called the Joint Artificial Intelligence Center
(JAIC) Data Readiness for AI Development, the contract “prepares data for
artificial intelligence (AI) applications,” “eases sharing, discovering and
governing of data across Department of Defense (DOD) teams,” and “rapidly
fields AI solutions by enabling access to tools, metrics and synthetic data.”
Ed Zoiss, President, Space and Airborne Systems, L3Harris, said:
"Massive
volumes of data must be turned into actionable intelligence every day. We will
help to empower DOD users with ‘point and click’ capabilities to generate
synthetic data and create custom workflows that can be used with automated
updates."
Maxar Technologies Inc. (NYSE:MAXR) was also selected for a spot on a Joint Artificial
Intelligence Center (JAIC) Basic Ordering Agreement (BOA) with a ceiling value
of $241M over five years. This, according to the press release, will see Maxar
“support the U.S. Department of Defense (DOD) and the JAIC’s Data Readiness for
Artificial Intelligence Development (DRAID) program with software development
as well as data science, engineering, analysis, standards and architecture
services.” Tony Frazier, Maxar’s Executive Vice President and General Manager
of Public Sector Earth Intelligence, said:
"Maxar
is excited to support the JAIC and the broader DOD community in the
streamlining and standardization of artificial intelligence and machine
learning capabilities. The Maxar team looks forward to applying our vast
knowledge and experience in Earth intelligence as well as our deep
understanding of AI/ML toward this mission."
Global
AI in Agriculture to Exhibit 19.9% CAGR from 2019-26
A report published by Straits Research finds that the global AI in
Agriculture market, which was valued at $509.06 million USD in 2017, is
projected to exhibit a compound annual growth rate (CAGR) of 19.9 percent from
2019-2026. An excerpt from the report’s summary outlines the impact of AI
adoption in the agriculture space:
AI
in agriculture has become an integral part of farming practices as it is
improving quality production of crops. Additionally, increase in research and
development of advanced robotics technology in the agriculture sector has led
to shift the focus of farmers from traditional farming practices to refining
the product using enhanced farming methods such as drones, automated systems,
and robots. This has been attributed to more sophisticated and modernized
farming practices. Rise in consumption and intense requirement of better yield
of crops motivates farmers to opt for better farming operations that results in
the requirement of automated farming operations/systems.
Sam Mowers, Investorideas.com
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