#AIEye #Podcast: #AI
#Stocks in the News: (NYSE: $DOCN) (NasdaqGS: $SILC)
DigitalOcean
Holdings Acquires Paperspace, and Silicom Announces New Line of Edge AI
Products
Global
Text-to-Video AI Market to Reach $1.08B by 2029
Vancouver,
Kelowna, Delta, BC – July 6, 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/2023/070623-AI-Eye.mp3
Read this in full
at https://www.investorideas.com/news/2023/artificial-intelligence/07061DOCN-SILC.asp
Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(NYSE:DOCN) (NasdaqGS:SILC)
Cloud
computing firm DigitalOcean Holdings Inc. (NYSE:DOCN)
has acquired Paperspace, a leading provider of
cloud infrastructure as a service for highly scalable applications leveraging
graphics processing units (GPUs). The acquisition and integration of
Paperspace, according to the press release, will enable “customers to more
easily test, develop and deploy artificial intelligence and machine learning
(AI/ML) applications, augment and enhance existing AI/ML applications and
utilize GPUs in ways that have predominantly been the domain of large
enterprises.” Yancey Spruill, CEO of DigitalOcean, explained:
"This
acquisition marks a significant milestone in DigitalOcean's journey to
revolutionize how SMBs and startups harness the power of the cloud and AI/ML
for their applications and businesses. The combined offerings allow customers
to focus more on building applications and growing their businesses and less on
the infrastructure powering them."
Networking
and data infrastructure solutions provider Silicom Ltd. (NasdaqGS:SILC) has announced a new line of Edge AI products as
part of its new partnership with AI chipmaker Hailo. According to the press
release, the new product line “integrates Hailo's AI-accelerators into
Silicom's existing Edge platforms, thereby solving performance challenges for
Edge AI use cases.” Liron Eizenman, Silicom's CEO, said:
"We are
excited to bring this powerful new Edge AI solution, our first AI-focused
product, to the market. By integrating Hailo's groundbreaking chips into our
products, we are making it cost-effective to move behavior analytics, human
intrusion detection, facial recognition and vehicle analytics to the edge. This
will help our customers unlock new use cases and provide new revenue streams and
more value to their customers. In fact, we are already engaged in POCs and in
discussions with customers on different use cases."
Global
Text-to-Video AI Market to Reach $1.08B by 2029
A
report published by Maximize Market Research finds that the global
market for Text-to-Video AI is projected to grow from $144.9 million USD in
2022 to $1.08 billion by 2029, registering a compound annual growth rate (CAGR)
of 33.4 percent in the forecast period 2023-29. The following excerpt from the
report’s summary outlines some key factors impacting the market’s growth:
Businesses are
increasingly using videos to engage with their customers and prospects.
Text-to-Video AI generation is used for the explanation of products in
advertising, fashion and the healthcare industry. This is helping businesses to
create a written concept in video format since the Text-to-Video AI Market is
expected to grow significantly across the world. The text-to-video generator
saves the cost of businesses since it eliminates the need for high-cost
equipment required for video production. Content creation through videos has
become a major part of the service and other industries.
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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