The #AIEye: Wipro (NYSE: $WIT) Makes #AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program and Meredith (NYSE: $MDP) Partners with Ste. Michelle Wine Estates for AI-Generated Wine Pairings

The #AIEye: Wipro (NYSE: $WIT) Makes #AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program and Meredith  (NYSE: $MDP) Partners with Ste. Michelle Wine Estates for AI-Generated Wine Pairings

Global Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR

             

Point Roberts WA , Vancouver BC – March 15,  2019  – Investorideas.com (www.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.

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Global Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR

According to research from Markets and Markets, the global market for conversational artificial intelligence is projected to grow from $4.2 billion in 2019 to $15.7 billion in 2024, at a compound annual growth rate (CAGR) of 30.2 percent. According to the report, personal assistants will grow at the highest CAGR in the forecast period. An excerpt reads:

Conversational AI plays a crucial role in personal assistant. Personal assistants can comprehend open conversations while contextualizing them to a case or scenario. Enterprises are leveraging AI technology by utilizing a combination of ML and NLU, which enables the assistants to be trained with industry-specific knowledge and unique business data for an accelerated time to market.

Wipro Makes AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program and Meredith Partners with Ste. Michelle Wine Estates for AI-Generated Wine Pairings on Allrecipes

Stocks discussed: (NYSE:WIT) (NasdaqGS:LOGM) (NYSE:MDP)

Wipro Limited (NYSE:WIT) has made their AI and machine learning solutions available on Amazon Web Services (AWS) today. Rohit Adlakha, Vice President and Global Head of Wipro HOLMES and Automation Ecosystem, Wipro Limited commented:

“We have leveraged the Wipro HOLMES AI and Automation platform and AWS AI and ML services to build several outcome-driven solutions. In addition, we have published some of our machine learning models on AWS Marketplace for Machine Learnings. Our relationship with AWS allows us to leverage the combined might of Wipro HOLMES and AWS to solve complex business problems for our clients in areas such as procure to pay, contract management, and customer onboarding, across industry sectors.”

Bold360, an AI platform from LogMeIn, Inc., (NasdaqGS:LOGM) has announced the launch of the Bold360 Artificial Intelligence Scholarship Program. The scholarship, which is being supported in part by LogMeIn’s Corporate Social Responsibility program, Mission Possible, will grant one graduating high school or current college student $5,000 for tuition and $1,000 for books. Paddy Srinivasan, General Manager, Customer Engagement & Support Group at LogMeIn, said:

“At LogMeIn we believe in the power of education and its ability to shape the people that will someday shape our world. As a leader in bringing next-generation Artificial Intelligence to companies of all sizes, we know that access to education is crucial to developing the workforce that will build upon the technology advancements of today. This scholarship is part of our ongoing investment in the future leaders of our industry.”

Meredith Corporation (NYSE:MDP) has partnered with Ste. Michelle Wine Estates, the third-largest premium U.S. wine company. The partnership will see machine learning classify recipes on the Allrecipes website along with wines in the Ste. Michelle portfolio. From there, an AI-based algorithm then combines the classifications to automatically generate specific wine pairings for each recipe. This will generate suggested pairings and allow for meal-planning capabilities. Jim Mortensen, President and CEO of Ste. Michelle Wine Estates, said:

"We are very excited to partner with Meredith to accelerate consumer engagement with our portfolio of world-class wines. This data-driven approach represents a smarter, more impactful, results-oriented form of advertising, allowing us to reach high-value consumers at the point at which their wine purchasing decisions are made."

Sam Mowers, Investorideas.com

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#AR, #VR and the Merger of the Digital and Physical World; (NASDAQ: $VUZI) (NYSE: $SNAP) (NASDAQ: $AAXN) (NASDAQ: $LITE)

#AR, #VR and the Merger of the Digital and Physical World; (NASDAQ: $VUZI) (NYSE: $SNAP) (NASDAQ: $AAXN) (NASDAQ: $LITE)

Point Roberts WA, Delta BC – March 15, 2019 – Investorideas.com, a global investor news source covering tech stocks, releases a snapshot looking at VR and AR stocks and future implications and applications for these technologies.

One of the first mainstream introductions of augmented reality began with Google Glass in 2013.  Since then, AR and VR tech has been evolving rapidly beyond just ‘hype’, and mass adoption is in the very near future.

According to International Data Corporation (IDC), global spending on AR/VR is forecasted to reach $20.4 billion this year. This is a nearly 70% jump over 2018. Moreover, worldwide spending on AR/VR products is projected to grow at a compound annual growth rate (CAGR) of 70% through 2022.

Researchandmarkets recently reported on the sector, noting companies like Daqri, Vuzix and Optivent make AR headsets with a focus on enterprise applications for their devices.

Vuzix Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products holds 144 patents and patents pending and numerous IP licenses in the Video Eyewear field. According to the Company’s December report, Vuzix has more than 16,000 smart glasses in the field.

In a recent 8K filing, Vuzix entered into a master reseller agreement with Verizon Sourcing LLC.  Vuzix will sell to Verizon, Verizon affiliates and sub-resellers, the Company’s smart glasses products including Vuzix M300XL Smart Glasses and M-Series related accessories, Vuzix Blade Smart Glasses and Vuzix Basics Video. The Company expects to start receiving purchase orders under the master reseller agreement in the second quarter of 2019.

Vuzix also has relationships with other tech leaders, announcing in late February the debut of Vuzix' next generation enterprise smart glasses, the M400, one of the first products made commercially available using the Qualcomm® Snapdragon™ XR1 platform. 

Leading up to this next phase of growth, Vuzix also just reported it has been assessed and certified as meeting the requirements of ISO 9001:2015 for design and manufacture of wearable display technology, virtual reality and augmented reality products.

Read this in full at https://www.investorideas.com/news/2019/technology/03151Stocks.asp

Snap Inc. (NYSE: SNAP) recently announced an AR collaboration with LEGO Wear to launch the latter’s first limited-edition clothing line for adults.  The clothing store opened its gates in Fitzrovia, London for one day only, however, to lure users and boost engagement level, augmented reality (AR) technology was used to transform the empty shop into a virtual boutique.

Upon scanning the Snapcode, Snapchat users got to experience a virtual shop on their smartphone, featuring an interactive DJ booth, LEGO bouncer, arcade machine and clothes displayed on LEGO mannequins. The move can be attributed to LEGO’s decision to tap into "the sense of style and nostalgia" of millennials.

Axon (NASDAQ: AAXN), a leader in connected public safety technologies, is looking forward not only into the potential applications of these technologies, but also the implied ethics surrounding them. Axon recently announced the appointment of Mecole Jordan, Executive Director of United Congress of Community and Religious Organizations, Christy Lopez, Distinguished Visitor from Practice at Georgetown University Law Center, and Kathleen O'Toole, Former Seattle Police Chief and Boston Police Commissioner to Axon's AI and Policing Technology Ethics Board. Axon also announced that it will host implicit bias awareness training for developers on Axon's AI Research team on May 8^th, in Seattle, WA. For more information on the AI and Policing Technology Ethics Board, visit: www.axon.com/ethics.

"It is great to see that Axon is committed to developing AI technology with attention to human biases," says Dr. Lorie Fridell, former Director of Research at the Police Executive Research Forum (PERF) and national expert on biased policing. "This is the first time we've worked with a technology company for internal bias training. With the implementation of its ethics advisory board, and now the anti-bias training, Axon is truly taking a leadership role when it comes to responsibly developing this technology."

Lumentum Holdings Inc. (NASDAQ: LITE), a market-leading designer and manufacturer of innovative optical and photonic products and Acacia Communications, Inc., a leading provider of high-speed coherent optical interconnect products have focused on a different factor affecting AR and VR tech: compatibility. The two jointly announced that they have successfully demonstrated interoperability between their respective CFP2-DCO modules operating at 200G.

CFP2-DCOs are becoming increasingly important for higher-speed optical networks because they integrate the coherent DSP into the pluggable module. The digital host interface enables simpler integration between module and system, resulting in faster service activation for telecommunication providers, and a pay-as-you-grow deployment model whereby the cost of additional ports can be deferred until additional services are needed.

With the massive improvements in these linked technologies, we aren’t far from an augmented future; a merger between our physical and digital footprints. More large tech companies like Apple, Google and Verizon are betting on the future of AR/VR, even though the far-reaching implications of these technologies are still unknown.

Investorideas.com has created a directory of tech stocks, including VR and AR stocks for investors following the sector.

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#AIEYE; #AI Stands Guard for the Future: How AI Is Being Used in #Security; (NYSE: $BB) (OTC: $CYBF) (TSXV: $VQS.V) (OTC: $QUES)

#AIEYE; #AI Stands Guard for the Future: How AI Is Being Used in #Security; (NYSE: $BB) (OTC: $CYBF) (TSXV: $VQS.V) (OTC: $QUES)

Point Roberts WA, Delta BC – March 14, 2019 – Investorideas.com, a global investor news source covering security and Artificial Intelligence issues a special edition of The AI Eye, looking at how AI is playing a significant role in the future of security.

As AI technology is optimized and becomes more available, its implementation into both cyber and real-world security is fast becoming a necessity in staying ahead of future threats. 

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03141AIEye-BB-CYBF-VQS-QUES.asp

Comcast recently acquired BlueVector, the technology company spun off from defense contractor Northrop Grumman two years ago which uses artificial intelligence and machine learning to provide cybersecurity services to companies and government agencies.

This was shortly followed by Verizon announcing the addition of BlackBerry Cylance's AI-driven antivirus security solutions to its industry-leading Managed Security Services (MSS) portfolio. Blackberry Cylance, a business unit of BlackBerry Limited (NYSE:BB) (TSX:BB), was recently recognized as a leader in five distinct categories at the 2019 Cybersecurity Excellence Awards: Best Cybersecurity Company, Most Innovative Cybersecurity Company, Endpoint Detection and Response, Endpoint Security and Best Cybersecurity Podcast. 

"Businesses of all sizes are suffering alert-fatigue generated by other endpoint solutions. Many are turning to managed security services to gain holistic, expert-level management across their endpoints, gateways and networks on a round the clock basis," said Stuart McClure, co-founder of Cylance and President of BlackBerry Cylance. "By offering BlackBerry Cylance's AI-powered endpoint protection, Verizon's MSS customers will now have access to a powerful antivirus technology with the ability to prevent known and unknown threats, reducing the strain on other security controls, and alerts that must be tracked, processed and audited."

Cyberfort Software, Inc. (OTC: CYBF), a cyber security technology company, announced new features to its recently acquired Just Content App, including the imminent release of its integrated artificial intelligence (AI) solution.

Just Content leverages proprietary technologies to help safeguard families and businesses from online threats such as unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet. The recent upgrades ship with the highest security as default, a smooth onboarding experience and data usage features that provide the best protection for both new and experienced users.

“We have been working hard to leverage our expertise in machine learning and artificial intelligence to provide solutions for customer problems like spam SMSes and robo calls. We are delighted to say that our spam filtering solution is extremely close to release. At the same time, a content moderation platform for businesses and enterprises is currently under development,” shares Krishna Kumar, Senior Developer at Cyberfort Software and Founder of Just Content.

VIQ Solutions Inc. (TSXV: VQS), a global expert providing cyber-secure AI technology and services has also put some focus into “on the ground” security, having announced last year its acquisition of Net Transcripts, Inc., a leading provider of secure multi-speaker documentation services to law enforcement and criminal justice organizations.

“The acquisition of Net Transcripts, a market and trusted leader in law enforcement, is a substantial milestone in VIQ’s growth strategy to expand our portfolio of services, opening up a significant and growing market in the USA. This highly fragmented market is undergoing major disruption due to artificial intelligence, which is encouraging customers to look at innovative ways to unlock the value in their digital media,” said Sebastien Paré, VIQ President and CEO.

AI has many obvious uses in the world of cybersecurity but that doesn’t mean it can’t be applied to real world security situations just as well.

Quest Solution, Inc. (OTC: QUES), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that it was selected to install a state-of-the-art AI-based safety and security system on the campus of a Pre-K – 12 preparatory School in South Florida. This system will provide enhanced safety for students, faculty and visitors to the school. For safety reasons the name of the school is not disclosed.

The Quest Safe School System is based on technology from Quest’s recently acquired subsidiary HTS Image Processing and offers real-time, automated vehicle recognition via machine vision. In a school setting, the system is hosted on a cloud-based platform integrated with campus intelligence, tracking vehicles, students, staff, deliveries and campus visitors. The Safe School System has whitelist and blacklist capabilities to immediately identify vehicles upon arrival, allowing the admittance of authorized cars or a real-time alarm for any unauthorized and/or suspicious vehicle.

AI implementation is fast becoming a necessary security feature, as large tech firms such as Palo Alto Networks Inc. and Microsoft Corp. are showing, which is good news for customers and consumers as these new features allow for tireless protection in an age of information fatigue.

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#AIEye: #AI Increasingly Deployed to Mitigate #Security Threats: (NASDAQ: $FTNT) (CSE: $VSBY.C) (TSX: $ABT.TO) (TSXV: $AT.V)

#AIEye: #AI Increasingly Deployed to Mitigate #Security Threats: (NASDAQ: $FTNT) (CSE: $VSBY.C) (TSX: $ABT.TO) (TSXV: $AT.V)

Point Roberts WA, Delta BC - March 14, 2019 - Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye looking at the intersection of AI and Security.

As security threats grow, AI technology is increasingly leveraged to detect and prevent risks that human observers may miss. Research from Markets and Markets, for instance, projects a growth in AI in the cybersecurity market from $3.92 billion USD in 2017, to $34.81 billion by 2025 at a compound annual growth rate (CAGR) of 31.38 percent.

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03142AIEye-FTNT-VSBY-ABT-AT.asp

Fortinet, Inc. (NasdaqGS:FTNT), which provides automated and integrated cyber solutions worldwide utilizes artificial intelligence and machine learning in their FortiGuard Labs proprietary Self-Evolving Detection System (SEDS). A description on their website reads:

“Our artificial intelligence and machine learning program integrates into Fortinet’s threat intelligence back end to power all the threat detection capabilities that FortiGuard services share across the Fortinet Security Fabric. This integration across Fortinet products, combined with our use of automation and innovation, helps our customers fight the increasingly aggressive and damaging nature of cyber crime.”

Fortinet released its Global Threat Landscape Report for Q4 of 2018, detailing the need for further AI adoption in assisting against cyber attacks.

“Just as cybercriminals employ machines to propagate botnet attacks, organizations also need to leverage technology advances in the area of AI/ML to combat new, machine-generated attacks.”

The confluence of AI with security takes a different form with VSBLTY Groupe Technologies Corp. (CSE:VSBY), a company that transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning to “see” persons of interest head on, and understand their sentiment as they look at digital signage. 

Recently, VSBLTY named two former FBI special agents, Jeff Muller and Jim DiOrio to its advisory board. Jay Hutton, Co-Founder & CEO of VSBLTY, said the two had “long experience in strategic risk assessment consulting for government agencies and companies” and that their addition to the board will “strengthen our security expertise.”

Other companies are getting serious about security threats through acquisitions. Blackberry, for example, recently acquired AI and cybersecurity company Cylance for $1.4 billion. John Chen, Blackberry’s executive chairman and CEO, commented on the importance of the development:

“Securing endpoints and the data that flows between them is absolutely critical in today’s hyperconnected world. By adding Cylance’s technology to our arsenal of cybersecurity solutions, we will help enterprises intelligently connect, protect and build secure endpoints that users can trust.”

Elsewhere, telecom giant Comcast made a similar move in acquiring BluVector Inc., a cybersecurity startup that “uses artificial intelligence and machine learning to contain threats such as malware, ransomware and zero-day vulnerabilities.”

                   

Absolute (TSX:ABT), a company that develops, markets and supports endpoint management and data security solutions for endpoint computing devices, appointed security expert Dr. Nicko van Someren as its new CTO. Van Someren, who has more than two decades of security background, explained the growth of security threats, and his company’s response:

“Security has evolved enormously over the past 20 years, with the rise of nation-state threats, digital transformation of the enterprise and increasing severity of data breaches. Absolute is fighting to ensure organizations’ endpoints remain resilient despite these ever-present security risks.”

AcuityAds Holdings Inc., (TSXV:AT) which leverages its proprietary artificial intelligence technology to provide targeted digital media solutions, revealed its commitment to protection and security in a blog post late last year:

“…we pride ourselves on delivering multiple lines of defence with regards to brand safety, fraud prevention and age-gating/LDA compliancy to deliver proactive protection and risk mitigation.”

The company’s “in-house brand safety” includes defensive layers from threat detection companies FraudLogix and Peer39 by Sizmek.

So while security threats advance and amass, whether traditional or cyber, increasingly sophisticated detection and prevention techniques are being employed using artificial intelligence technology in a variety of ways to mitigate risks.

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