#AIEye
#Podcast: #Stocks discussed: (NasdaqGS: $INTC) (NYSE: $PLTR)
Intel
Shares Portfolio of Future HPC and AI Products, and Palantir Developing AI
Model with Fashion Retailer C&A Modas
Global
#AIMarket to Reach $718.7B by 2029
Vancouver, Kelowna, Delta, BC – May 23, 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/2023/052323-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2023/artificial-intelligence/05231INTC-PLTR.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:INTC) (NYSE:PLTR)
Intel (NasdaqGS:INTC) has showcased its portfolio of future HPC and AI
products and announced an ambitious international effort to use the Aurora supercomputer
to develop generative AI models for science and society at the ISC High
Performance Conference in Hamburg, Germany. Jeff McVeigh, Intel’s corporate VP
and general manager of the Super Compute Group, explained:
"Intel
is committed to serving the HPC and AI community with products that help
customers and end-users make breakthrough discoveries faster. Our product
portfolio spanning Intel® Xeon® CPU Max Series, Intel®
Data Center GPU Max Series, 4th Generation Intel® Xeon®
Scalable Processors and Habana® Gaudi®2 are outperforming
the competition on a variety of workloads, offering energy and total cost of
ownership advantages, democratizing AI and providing choice, openness and
flexibility."
Palantir Technologies Inc. (NYSE:PLTR) and fashion retailer C&A Modas
S.A have announced the development of an Integrated
Management Flow system using the Palantir Foundry platform. Foundry, according
to the press release, is “a platform for AI-powered operations,” and
“supercharges existing technology investments to bridge siloed planning and
execution processes, optimize inventory management, and help build supply chain
resilience for economic and geopolitical uncertainty.” Bruno Ferreira, Planning
and Business Intelligence Director for C&A Brazil, said:
"We
are the first Brazilian fashion retail brand to rely on this artificial
intelligence technology. The flow developed allowed us to optimize and speed up
the entire purchase process: from the initial planning, to sending the products
to the stores. Among the significant gains, I'd highlight the increase of sales
of products that were in stock and the reduction of unnecessary overstock.”
Global
AI Market to Reach $718.7B by 2029
A report published by Fairfield Market Research finds that the
global market for Artificial Intelligence is projected to grow from $29.9
billion USD in 2019 to $718.7 billion by 2029, registering a compound annual
growth rate (CAGR) of 31.2 percent in the forecast period 2022-30. The
following excerpt from the report’s description outlines the impact of AI on
the BFSI (banking, financial services and insurance) market, which represents
the highest rate of adoption in the AI market.
With
more than 28% revenue share in the global artificial intelligence market, the
BFSI segment will continue to surge ahead in the long term. Widening uptake of
the AI technology for FinTech applications, risk assessment, financial
analysis, portfolio or investment management, and regulatory compliance is
expected to drive top performance of the BFSI industry in terms of AI
consumption in the worldwide AI industry. Rampant e-Commerce expansion
represents a strong factor underpinning the next key positioning of the
e-Commerce segment in uplifting the prospects of the AI market.
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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