AI Stocks – Another Application to Watch; (NASDAQ: $RVSN) (NASDAQ: $DUOT)
(NYSE: $DELL) (NASDAQ: $INDI) @Rail_Vision @duostech @DellTech @RealityBigBang
Transforming the Future of Transportation Safety
March 4,
2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks
issues a snapshot for the sector looking at transportation safety, featuring Rail
Vision (Nasdaq: RVSN), a technology
company that is seeking to revolutionize railway safety and the data-related
market. The Company has developed cutting-edge, artificial intelligence-based,
industry-leading technology specifically designed for railways.
Read this article, featuring RVSN in full at https://www.investorideas.com/news/2024/technology/03041AI-Stocks.asp
The Artificial Intelligence (AI) revolution is
impacting all sectors, and transportation has not been left out. Forbes notes. “AI is revolutionizing the transportation industry in many
ways, and its impact on safety is significant. From automated vehicle
inspection systems and intelligent traffic management systems to assisted
driving and fleet integration, AI is making transportation safer and more
efficient on a global scale.”
Focusing on railway safety, Rail Vision Ltd. (Nasdaq: RVSN) just announced
that it is joining NVIDIA Metropolis, a partner program application
framework and set of developer tools focused on bringing to market a new
generation of vision AI applications. This signifies a significant step forward
in Rail Vision’s commitment to advancing rail safety and efficiency through
cutting-edge technologies.
NVIDIA Metropolis makes it easier and more cost-effective for
enterprises, governments and integration partners to use world-class,
AI-enabled technologies to improve critical operational efficiency and solve
safety problems. The Metropolis ecosystem contains a large and growing breadth
of members investing in advanced AI techniques and efficient deployment
platforms and uses an enterprise-class approach to their solutions. Metropolis
members can gain early access to NVIDIA platform updates to enhance their AI
application development efforts. Additionally, the program offers the
opportunity for members to collaborate with industry-leading experts and other
AI-driven organizations.
By joining Metropolis, Rail Vision hopes to gain a
significant advantage in developing and deploying AI-driven solutions that are
tailored to the unique needs of the rail sector through the opportunity of
leveraging NVIDIA’s extensive technological expertise and integrating its
cutting-edge technology.
Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide
accelerated computing in compact and energy-efficient modules, and also uses
the NVIDIA TensorRT software development kit for high-performance deep
learning inference.
Rail Vision has developed its railway detection and systems to save lives, increase
efficiency, and dramatically reduce expenses for the railway operators. Rail
Vision believes that its technology will significantly increase railway safety
around the world, while creating significant benefits and adding value to
everyone who relies on the train ecosystem: from passengers using trains for
transportation to companies that use railways to deliver goods and services. In
addition, the company believes that its technology has the potential to advance
the revolutionary concept of autonomous trains into a practical reality.
Evidencing the growing safety needs for railway,
Josipa Petrunic, President and CEO of the Canadian Urban Transit Research &
Innovation Consortium (CUTRIC), said in a recent interview with Electric Autonomy, “Climate, artificial intelligence, cybersecurity
and the extreme need for moving people and freight by rail has never converged
as it is converging now.”
“The need for rail is more extreme than ever,” continued
Petrunic, “yet the potential for disaster is even higher. Fortunately, so has
the potential for greater safety.”
He continued, “Imagine the possibilities of
combining driverless technology and automation with AI layering on top of the
climate piece and layering on top of risk aversion processes. We would be able
to efficiently operate our systems, but also save lives.”
Another player in railway safety using AI, Duos
Technologies Group, Inc (Nasdaq: DUOT), through its operating subsidiary Duos
Technologies, Inc., a provider of Machine Vision and Artificial Intelligence
(“AI”) to analyze fast moving freight, passenger and transit trains and trucks,
recently announced the signing of an AI
subscription agreement for AI detections, empowering the rail operator to
enhance their current railcar inspection capabilities. Additionally, the
agreement includes the renewal of their annual services and maintenance
contract, which now encompasses expanded support through Duos' Preventative
Maintenance Checks and Services (PMCS) Program and Field Services Support,
aimed at further improving the performance of the rail network.
From the news: The renewal agreement includes an annual
subscription for an array of AI algorithms requested by the client who uses the
Duos patented Railcar Inspection Portal (RIP®) and AI to quickly and
efficiently detect critical issues that could potentially lead to accidents or
derailments. As part of the agreement, Duos will provide maintenance and
technical services for their existing RIP®, offering comprehensive support that
includes field services to address break/fix issues and onsite preventive
maintenance checks and services, along with spare parts provision.
Advancing driver assisted technology, Subaru
Corporation is teaming with Dell Technologies (NYSE: DELL) to help improve driver safety through the
powerful combination of AI and high-performance storage. The collaboration is
indicative of AI's profound impact on transforming one of the most common means
of transportation, aiming to help make it safer for drivers, passengers and
pedestrians.
"Subaru is driving massive innovation through
data to give motorists an extra set of eyes and an extra foot on the brake
while entrusting Dell Technologies to enable this journey as its AI development
infrastructure," said Arthur Lewis, President, Infrastructure Solutions
Group, Dell Technologies. "As an AI-ready data platform, Dell PowerScale
storage allows companies like Subaru to integrate, analyze and use data to
deliver impactful insights that advance human progress and transform
industries."
From the news: Subaru can store, manage and use a vast amount of
data to advance the development of its next-generation EyeSight Driver Assist
Technology with the selection of Dell PowerScale network attached storage
systems. Sold in more than 5.5-million EyeSight-equipped vehicles, today's
EyeSight Driver Assist Technology monitors traffic movement, optimizes cruise
control and warns drivers if they sway outside their lane. PowerScale meets the
increased IT demand for AI modeling and validation while helping customers
easily scale capacity and performance wherever their data resides.
SUBARU Lab, the AI development base for Subaru
established in 2020, can store approximately 1,000 times more files on Dell
PowerScale systems than with previous platforms. Subaru now can improve AI
image analysis by easily accessing stored files on PowerScale systems deployed
in data centers across the SUBARU Lab and Tokyo offices, which wasn't
previously possible. The ability to scale and use data flexibly across
locations has expanded the possibilities for business expansion.
"As a brand that has built its reputation on
trust, we are constantly expanding AI development to increase the reliability
in our vehicles while contributing to the greater good," said Takashi
Kanai, Deputy Chief of SUBARU Lab and Manager of ADAS Development Department,
PGM (Advanced Integrated System), Engineering Division. "While requirements
for systems and storage are ever changing, we are confident that Dell
PowerScale is up to the task as the underlying infrastructure for EyeSight
Driver Assist Technology, allowing us to continue advancing our AI initiatives
to improve driver safety."
From the news: EyeSight is the world's first system to use only
stereo camera technology to provide driver assist features such as
pre-collision braking, which detects not only cars but also pedestrians and
motorcycles in the vehicle's path, as well as adaptive cruise control.
Also competing in the driver safety revolution,
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, and Ficosa, a
leading global company dedicated to the research, development, production, and
marketing of advanced vision, safety and efficiency solutions for the
automotive industry, executed a collaboration agreement earlier
this year to develop and commercialize automotive camera solutions deploying
neural network-based (NN) artificial intelligence (AI) processing.
From the news: The partnership will
leverage Ficosa’s near decade-long expertise as a high-volume vision solution
supplier, and indie’s field-proven, proprietary vision processing technology to
deliver breakthrough imaging and in-camera object detection performance,
particularly for challenging edge sensing applications. The companies intend to
sample the first smart camera solutions employing their combined technologies
in 2024, and expect to ramp into volume production by 2025.
From the news: Government regulators and new car safety
assessment programs (like US and Euro NCAP) are increasingly seeking to specify
protection for vulnerable road users (VRU) such as pedestrians and cyclists,
especially for back-up and eMirror scenarios. In fact, Euro NCAP has
implemented VRU safety test protocol since 2020, and in the United States the
National Highway Transportation Safety Administration (NHTSA) has this year
proposed updates to NCAP to provide consumers with information about
crashworthiness and pedestrian protection of new vehicles. As a result,
Automakers are demanding volume scalable camera-based Advanced Driver
Assistance System (ADAS) solutions that provide not just passive viewing
capability, but also intelligent sensing to actively detect pedestrians.
According to S&P Global, shipments of surround view and park assist camera
electronic control units (ECUs) are projected to grow from 134 million units in
2023 to 240 million units by 2033.
AI is revolutionizing the way we think about transportation;
from railways to road and even to flight. According to a recent article, “With advanced predictive maintenance
capabilities, AI can identify potential maintenance issues and address them
proactively, ensuring safer flights and boosting passenger confidence. Furthermore,
AI can automate routine operations, leading to the development of autonomous
aircraft.”
So, for the transportation sector using AI, and
investors willing to take the wild ride along with it, the sky is literally the
limit!
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