#AIEye #Podcast
751: #Stocks discussed: (NYSE: $ORCL) (ASX:BRN)
SymphonyAI
Collaborating with Oracle Corporation, and BrainChip Publishes Paper on Edge AI
Global
Conversational #AI Market to Reach $32.51B by 2028
Vancouver,
Kelowna, Delta, BC – January 17, 2023
– 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
Today’s
podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
Listen to today’s
podcast:
https://www.investorideas.com/Audio/Podcasts/2023/011723-AI-Eye.mp3
Read this in full
at https://www.investorideas.com/news/2023/artificial-intelligence/01171ORCL-BRN.asp
Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(NYSE:ORCL) (ASX:BRN)
SymphonyAI,
described in the press release as “a leader in high-value enterprise AI SaaS
for strategic industries,” has announced a collaboration with Oracle
Corporation (NYSE:ORCL). This will see SymphonyAI solutions
offered on Oracle Cloud Infrastructure (OCI), allowing customers to “transition
to the cloud to shorten technology deployment time and help ensure better
real-time services with robust scalability and reduced costs.” Kumar Abhimanyu,
SVP of strategic partnerships at SymphonyAI, said:
"SymphonyAI
solutions combine in-depth business use case understanding with AI capabilities
to drive real results. Our enterprise AI solutions are tailored to meet the
needs of retailers and CPG manufacturers. Collaborating with Oracle allows us
to help our customers tap the power of cloud flexibility and cost efficiencies
for real-time insights and recommendations."
BrainChip
Holdings Ltd. (ASX:BRN) has published a paper titled "Benchmarking AI
Inference at the Edge: Measuring Performance and Efficiency for Real-World
Deployments," which “evaluates the current state of edge AI benchmarks and
the need to continually improve metrics that measure performance and efficiency
of real-world, power-conscious edge AI deployments.” Anil Mankar, the company’s
Chief Development Officer, explained”
"While there's
been a good start, current methods of benchmarking for edge AI don't accurately
account for the factors that affect devices in industries such as automotive,
smart homes and Industry 4.0. We believe that as a community, we should evolve
benchmarks to continuously incorporate factors such as on-chip, in-memory
computation and model sizes to complement the latency and power metrics that
are measured today."
Global
Conversational AI Market to Reach $32.51B by 2028
A
report published by Brand Essence Research finds that the global
market for Conversational AI is projected to grow from $8.24 billion USD in
2022 to $32.51 billion by 2028, registering a compound annual growth rate
(CAGR) of 21.6 percent in the forecast period. The following excerpt from the
report’s summary outlines the role of COVID-19 in influencing the market’s
growth:
Lockdown
restrictions prevented many contact centers from meeting demand or shutting
down, leading to long delays in customer service issues, which had a dramatic
effect on the customer experience. Lockdown restrictions prevented many contact
centers from facing, ordering, or closing, resulting in long delays in customer
service questions, which significantly affected the customer experience.
However, a chatbot with AI is an ideal way to maintain customer contact, expand
the relationship and generate new leads in times of crisis despite social
distancing. Additionally, during pandemic, there was the only way of digital
communication channels to get in touch with customers and maintain customer
relationships.
Sam Mowers,
Investorideas.com
Read and
hear other editions of the AI Eye
For a list of artificial intelligence
stocks on Investorideas.com visit
here
Podcast sponsor:
AppTech
Payments Corp. (NasdaqCM:APCX) is an innovative
Fintech company whose mission is to deliver a better way for businesses to
provide their customers with immersive commerce experiences. Commerse™, its
all-new, patent-backed technology platform powering seamless omni-channel
Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable,
cross-border digital banking, text-to-pay, crypto payments and merchant
services altogether from a single, unified stack designed to increase
operational efficiencies and growth for businesses while providing the economic
convenience that their customers demand from today’s commerce experiences. For
more information, visit apptechcorp.com.
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