The
#AIEye: Hewlett Packard (NYSE: $HPE) to Invest $500 Million in India Over Next
5 Years and Avnet (Nasdaq: $AVT) Announces Investment in Defendry
Global
Conversational #AI Market to Reach $27.08 Billion by 2026
Point Roberts WA, Vancouver BC – July 25, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HPE) (NasdaqGS:AVT)
Hewlett Packard (NYSE:HPE) announced plans to invest $500 million in India over the next five
years. According to the press release, the company plans to increase its
workforce in India by 20 percent with the hiring of new engineering talent with
expertise in areas of critical importance to customers such as AI and
networking. Mr. Ravi Shankar Prasad, Union Minister for Law & Justice,
Communication and Electronics & Information Technology, commented:
"It
is a matter of great assurance that a global giant like Hewlett Packard
Enterprise is making big investments in India both in manufacturing as well as
research and development. This shows the rising confidence of global investors
in India's rapidly growing electronics manufacturing sector and the success of
Digital India."
Avnet, Inc. (NasdaqGS:AVT) has invested $2.1 million in surveillance platform
Defendry. Defendry is powered by proprietary artificial intelligence (AI)
designed to identify and stop physical threats before they enter a building.
Bill Amelio, Avnet CEO, said:
“The
Internet of Things and artificial intelligence have the power to solve many of
society’s complex problems and make the world a safer place. We invested in
Defendry because there is clearly a need for more advanced surveillance
systems, and Defendry’s technology is making great strides in addressing real
and serious safety challenges for institutions and businesses alike.”
Global
Conversational AI Market to Reach $27.08 Billion by 2026
A report from Data Bridge Market Research finds that the
global Conversational AI market will grow from $3.27 billion USD in 2018 to
$27.08 billion USD in 2026 with a compound annual growth rate (CAGR) of 30.25
percent in the forecast period. An excerpt from the report description outlines
the drivers and restraints in the market.
Conversational
AI is the usage of messaging app, chatbots and other digital platform so that
they can provide platform to the customers where they can interact with virtual
assistant and can solve their problem. This also helps the organization to
improve by finding new techniques to communicate with the customers. Increasing
demand for AI- powered
customer
support services is the factor which is fuelling the conversational AI market.
Market
Drivers:
●
Less
development cost of the chatbot is driving the growth of this market
●
Technological
advancement and development in the conversational AI is another factor driving
the market.
Market Restraints:
●
Less
information about the conversational AI is restraining the market
●
Lack
of efficiency in chatbot is another factor restraining the growth of this
market.
Sam Mowers,
Investorideas.com
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