The
#AIEye: Episode 318- VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) Partners with KLA
Laboratories and CEVA (NasdaqGS: $CEVA) Announces DSP and WhisPro Support for
TensorFlow Lite for Microcontrollers
Global
#AI in Social Media Market to Grow by $1.67 Billion from 2019-2023
Point Roberts WA, Vancouver BC – March 25, 2020 – 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
Stocks
discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:CEVA)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) is partnering with KLA Laboratories, Inc. in the
KLArity Ecosystem Partners Platform. The press release explains that the
Platform “was created to enable KLA to help their customers navigate the
landscape of emerging technologies and the integration of those solutions in
their respective environments and facilities.” VSBLTY Co-founder and CEO, Jay
Hutton, commented:
"Our
entire team is excited to partner with industry leader KLA Laboratories, whose
solutions enable their customers to stay ahead of the curve as the technology
world advances at an ever-increasing pace. KLA Laboratories is an industry lead
player in the development, deployment and management of complex arena systems
dedicated to audio visual, digital display and advanced analytics. They are the
perfect partner for us as we expand our footprint into these markets."
Shawn Kuzmin, KLA Vice President of Arenas &
Venues, said:
"We
are excited to be partnering with VSBLTY as they have a unique platform that
delivers guest experience enhancement, audience measurement and security
applications while providing an easy way to achieve ROI or revenue offset. We
see it as a valuable addition to our KLArity Ecosystem Partners Platform and to
the partners we serve. Our clients have been asking for a way to monetize new
technologies to offset costs and-with VSBLTY-we are confident that we've found
the right partner."
CEVA, Inc. (NasdaqGS:CEVA) has announced that its CEVA-BX DSP cores and
WhisPro speech recognition software now support TensorFlow Lite for
Microcontrollers, described as “a production ready, cross-platform framework
for deploying tiny machine learning on power-efficient processors in edge devices.”
Erez Bar-Niv, CTO, CEVA, explained:
"The
increasing demand for on-device AI to augment contextual awareness and
conversational AI workloads poses new challenges to the cost, performance and
power efficiency of intelligent devices. TensorFlow Lite for Microcontrollers
dramatically simplifies the development of these devices, by providing a lean
framework to deploy machine learning models on resource-constrained processors.
With full optimization of this framework for our CEVA-BX DSPs and our WhisPro
speech recognition models, we are lowering the entry barrier for SoC companies
and OEMs to add intelligent sensing to their devices."
Global
AI in Social Media Market to Grow by $1.67 Billion from 2019-2023
A report from Technavio finds that the global AI in Social
Media market will grow by $1.67 billion from 2019 to 2023 while decelerating at
a compound annual growth rate (CAGR) of more than 30 percent. An excerpt from
the report snapshot provides an outline of the market:
The
growing demand for data integration and visual analytics is driving artificial
intelligence in the social media market. The need for data integration and visual analytics
solutions is rising due to the complexity involved in the deployment and
maintenance of reliable data interfaces and the generation of vast
volumes of data across various end-user industries. This is encouraging the
adoption of artificial intelligence in social media as it facilitates real-time
analysis, help in effective decision making, and enables enterprises to bridge
the gap between IT and businesses. Moreover, the demand for artificial
intelligence in social media is also increasing because it helps in monitoring,
transforming, analyzing, interpreting data and link multiple enterprise systems
of end-users with the web and cloud-based applications.
The
concept of smart homes is increasing as customers’ needs are changing, and they
are focusing more on convenience through the use of electronic devices. This
increases the demand for artificial intelligence in social media since it is
used in home appliances to predict consumer preferences, which are based on historical
data. Moreover, artificial intelligence in social media also helps make
transportation smarter, urban planning optimal, and cities safer, which
increases its use in smart cities. Thus, the growing demand for data
integration and visual analytics coupled with the increasing demand for smart
homes and the development of smart cities are factors that will drive
artificial intelligence in the social media market. The market is projected to
register a CAGR of more than 30% during the forecast period. However, the
growth momentum of the market is expected to decelerate due to a decline in
year-over-year growth.
Sam Mowers, Investorideas.com
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