#AIEye #Podcast
752: #Stocks discussed: (OTCQB: $LZGI) (NYSE: $KMX)
Fatbrain
AI Issues Shareholder Update, and CarMax Partners with AI Firm UVeye
Global Generative #AIMarket
to Reach $200.73B by 2032
Vancouver,
Kelowna, Delta, BC – January 24, 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 – featuring technology company LZG International Inc.
(Fatbrain AI) (OTC:LZGI)
Listen to today’s
podcast:
https://www.investorideas.com/Audio/Podcasts/2023/012423-AI-Eye.mp3
Read this in full
at https://www.investorideas.com/news/2023/artificial-intelligence/01241LZGI-KMX.asp
Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(OTCQB:LZGI) (NYSE:KMX)
LZG
International Inc. (Fatbrain AI) (OTCQB:LZGI) has issued a shareholder update from CEO Peter B. Ritz. According to
the update, the company’s assets now include “over 480 developers and
engineers, a subscription software AI enablement platform, and a delivery
operation spanning three continents.” Ritz explained:
“The market for AI
Solutions is growing, estimated at US$119.78B in 2022 and expected to hit
US$1,597.1B by 2030 with a registered CAGR of 38.1% from 2022 to 2030. We have
tripled investments into innovation, R&D and AI data solutions. This
includes plans to commercialize the regional cloud and SME marketplace in
specific geos, as well as FatGPT™ offerings for SMEs, building on the demand highlighted
by Open AI's ChatGPT and Microsoft. For example, using our FatGPT™ AI solution
business owners could in seconds gain key insights across all their SaaS data
such as, "what is the most profitable product purchased by my best
clients?" or "which five clients owe the most money?" or
"who can work the night shift next Thursday?"”
Automobile
retailer CarMax, Inc. (NYSE:KMX) has announced that it is partnering with computer
vision tech company UVeye on automated vehicle assessment technology through
AI-enhanced condition reports for wholesale buyers of vehicles sold at auction.
Dave Unice, CarMax’s VP of Merchandising Operations, said:
“CarMax’s purpose
is to drive integrity by being honest and transparent in every interaction. Our
partnership with UVeye allows us to further this mission by providing dealers
with highly detailed imagery on auction vehicles online. We’ve been impressed
with UVeye’s technology, and we believe it will help us maximize efficiencies
in our wholesale auction process. We look forward to further implementing this
best-in-class solution across our network and exploring new opportunities and
potential uses with UVeye.”
Global Generative
AI Market to Reach $200.73B by 2032
A
report published by Polaris Market Research finds that the global
Generative AI market is projected to grow from $10.63 billion USD in 2022 to
$200.73 billion by 2032, registering a compound annual growth rate (CAGR) of
34.2 percent in the forecast period. The following excerpt from the report’s
summary reads:
The increasing
utilization of generative AI for spam detection, preprocessing data, image
compression, and noise reduction from visual data along with its continuously
growing usage in medical imaging and image classification are key major factors
propelling the growth of the global market. Currently, generative AI is in its
developing stage thus, it requires high investment in research &
development activities and it requires a skilled workforce for taking it to the
next stage.
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
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