#AIEye
#Podcast: #AI #Stocks discussed: (NYSE: $HPE) (ASX:BRN)
HPE’s
Ezmeral Software Extends AI/ML Capabilities, and BrainChip’s Akida Being
Leveraged by Quantum Ventura
Edge
#AIMarket to Reach $76B by the End of 2031
Vancouver, Kelowna, Delta, BC – May 16, 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/2023/051623-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2023/artificial-intelligence/05161HPE-BRN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HPE) (ASX:BRN)
Hewlett Packard Enterprise Company (NYSE:HPE) has announced that its HPE Ezmeral Software
platform – which employs a software-as-a-service (SaaS) solution to help
organizations leverage data globally and deploy analytics at scale – is
extending the capabilities of HPE GreenLake and providing the foundation for
driving analytics and AI/ML insights across distributed enterprises. Mohan Rajagopalan,
VP and general manager, HPE Ezmeral Software, explained:
“Despite
the hype about AI and Generative AI applications transforming business, most
companies still struggle to bring these technologies into their basic
workflows. Our solutions address where organizations are today, empowering them
to leverage the tools they already use, so they can focus resources on
accelerating their AI, analytics, and digital modernization journeys, instead
of managing cumbersome data siloes or untested, disconnected open-source
tools."
BrainChip Holdings Ltd. (ASX:BRN) has announced that AI/ML research and technologies
firm Quantum Ventura Inc. is using BrainChip’s Akida technology to develop new
cyber threat-detection tools. The Akida neural processor and AI IP, according
to the press release, “can find unknown, repeating patterns in vast amounts of
noisy data, which is an asset in cyber threat detection.” Specifically, Quantum
Ventura is creating state-of-the-art cybersecurity applications for the U.S.
Department of Energy under the Small Business Innovation Research (SBIR)
Program. Rob Telson, VP of Ecosystems & Partnerships at BrainChip, said:
"This
project with the Department of Energy offers an ideal opportunity to
demonstrate how Akida opens up new possibilities in cybersecurity, including
the ability to run complex AI algorithms at the edge, reducing the dependency
on the cloud. We are excited about the progress that Quantum Ventura are making
with BrainChip in this project which is extremely vital to the safety of the
nation’s infrastructure."
Edge
AI Market to Reach $76B by the End of 2031
A report published by Transparency Market Research finds that the
global market for Edge AI is projected to grow from $5.6 billion USD in 2022 to
$76 billion by the end of 2031, registering a compound annual growth rate
(CAGR) in the forecast period 2023-31. The following excerpt from the report’s
summary outlines some key trends impacting the growth of the Edge AI market:
Increase
in demand for edge computing solutions and growth in adoption of IoT devices
are driving the global edge AI market size. Edge AI is gaining traction in
various end-use industries due to the rise in need for real-time
decision-making in various processes.
Advancements
in machine learning and edge AI processors & software tools are likely to
ease the deployment of edge AI solutions in various industries. The edge AI
industry is becoming increasingly competitive, with the entry of new companies
and presence of well-established players. These companies are developing
advanced edge AI solutions that cater to a wide range of industries such as
healthcare, manufacturing, retail, and transportation.
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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