The
#AIEye #Podcast: Watching #AI Breaking #Stock News (NasdaqGM: $VERI) (ASX:BRN)
Veritone
Selected as Ad Sales and AI Partner for SpokenLayer, and BrainChip Receives
First Shipment of New Chips
Global
Edge #AIMarket to Reach $54.38B by 2029
Vancouver, Kelowna, Delta, BC – August 28, 2023 – Investorideas.com,
a global investor news source covering Artificial Intelligence (AI) stocks and industry news brings you today’s edition of The AI Eye Podcast; watching AI breaking
news .
Today’s
podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2023/082823-AI-Eye.mp3
Read
this in full at: https://www.investorideas.com/news/2023/artificial-intelligence/08281VERI-BRN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGM:VERI) (ASX:BRN)
Veritone, Inc. (NasdaqGM:VERI) has announced that its subsidiary, Table Rock
Management LLC, has entered into an exclusive advertising direct sales
monetization agreement with SpokenLayer, described as “a full-service creative
studio specializing in custom, short-form digital audio content for the media
and entertainment industries.” This will see Veritone act as the AI partner and
exclusive direct ad seller for SpokenLayer, according to the press release.
Will Mayo, founder of SpokenLayer, said:
"By
entrusting our ad sales to Veritone, we can focus more on doing what we do
best: crafting extraordinary short-form audio content. With Veritone's
best-in-class sales prowess, our inventory is in expert hands for monetization,
and we’re poised to elevate our publishers' experience, while unlocking new dimensions
of ad monetization and delivering unmatched engagement to our audiences."
BrainChip Holdings Ltd. (ASX:BRN) has received its first shipment of AKD1500 chips
in silicon from GlobalFoundries to advance the company’s IP into the next phase
of development. Sean Hehir, BrainChip’s CEO, said:
"This
is the latest milestone in BrainChip’s continued focus on execution to simplify
the integration and proliferation of neuromorphic technology for scaling AIoT.
The AKD1500 in the GlobalFoundries’ process demonstrates the synergy of our
digital IP with the low leakage 22nm FDX process for compelling edge AI devices
and we look forward to more partners integrating Akida IP into their innovative
AI applications."
Global
Edge AI Market to Reach $54.38B by 2029
A report published by Maximize Market Research finds that the global
market for Edge AI is projected to grow from $14.54 billion USD in 2022 to
$54.38 billion by 2029, registering a compound annual growth rate (CAGR) of
20.1 percent in the forecast period. The following excerpt from the report’s
summary outlines the market and some of its key drivers:
The
concept of Edge AI, which represents the implementation of AI algorithms and
models on local devices as opposed to relying on cloud-based processing, has
garnered considerable momentum in the marketplace. The aforementioned
methodology facilitates instantaneous processing and analysis of data on edge
devices, including but not limited to smartphones, edge servers, and IoT
devices.
The
growth of the Edge AI market can be attributed to several factors. Firstly,
Edge AI addresses the need for reduced latency and real-time decision-making.
By processing data locally, edge devices can make quick and informed decisions,
making it valuable in applications like autonomous vehicles, industrial
automation, and robotics.
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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