#AIEye
#Podcast 716: #Stocks discussed: (NYSE: $ORCL) (NasdaqGS: $NVDA) (OTC: $AITX) #artificialintelligence
Adept
Uses Tech from Oracle and NVIDIA for “Powerful AI Teammate,” and Robotic
Assistance Devices Deploys School Firearm Detection System
Global
Market for #AI in #Marketing to Reach $47.8B by 2030
Vancouver, Kelowna, Delta, BC – August 11, 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/2022/081122-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/08111ORCL-NVDA-AITX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NasdaqGS:NVDA) (OTC:AITX)
Machine learning research and product lab Adept is
leveraging Oracle Cloud Infrastructure (OCI) – from Oracle Corporation (NYSE:ORCL) – and technology from NVIDIA (NasdaqGS:NVDA), to “develop a universal AI teammate capable of
performing a range of tasks people execute on their computer or on the
internet.” According to the press release, Adept “can train large-scale AI and
ML models faster and more economically,” allowing it to “rapidly advance its
general intelligence roadmap and develop its first product – a rich language
interface for the tools knowledge workers use every day to be productive and
creative.” David Luan, Adept’s CEO, explained:
"AI
continues to rapidly grow in scope but until now, AI models could only read and
write text and images; they couldn't actually execute actions such as designing
3D parts or fetching and analyzing data. With the scalability and computing
power of OCI and NVIDIA technology, we are training a neural network to use
every software application, website, and API in existence – building on the
capabilities that software makers have already created. The universal AI
teammate gives employees an 'extra set of hands' to create as fast as they
think and reduce time spent on manual tasks. This in turn will help their
organizations become more productive, and nimble in their decision
making."
Robotic Assistance Devices, Inc. (RAD), a wholly-owned
subsidiary of Artificial Intelligence Technology Solutions Inc. (OTC:AITX), has “received a Letter of Intent
(LOI) with an east coast parochial school to deploy 2 ROSA security robots with firearm
detection technology.” Alongside this, RAD is “announcing the integration of
its RADSoC with its full suite of AI analytics with existing networks of
security cameras.” Steve Reinharz, CEO of AITX and RAD, said:
“We
feel that this is the right time, and this is the right application, where we
can throw open the doors to the RAD ecosystem and invite other security camera
networks to take advantage of RAD’s incredible AI software suite.”
Global
Market for AI in Marketing to Reach $47.8B by 2030
A report published by Market Research Future finds that the global
market for AI in Marketing is projected to reach a value of $47.8 billion USD
by 2030, registering a compound annual growth rate (CAGR) of 28.6 percent in
the forecast period 2021-30. An excerpt from the report’s description outlines
the influence of the COVID-19 pandemic on the market:
Digitization
was a trend for most of the production, manufacturing, and other functional
units of various companies, industries, enterprises, and corporations. The
positive cases of the novel coronavirus worldwide have added to the
implementation of digital software and solutions to enhance productivity and
enhance the ability of the market to meet and develop the global supply chain
system and management. The need for survival amongst the global competition is
pushing the market for the implementation of artificial intelligence in
departments like marketing and promotion. The companies are facing major issues
due to the arrival of the novel coronavirus pandemic and hence, are developing
a major need for the implementation of AI services and solutions.
Sam Mowers, Investorideas.com
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