#AIEye
Episode 375: AWS (NasdaqGS: $AMZN) and #FormulaOne (NasdaqGS: $FWONA) Announce
Racing Stats Powered by ML, NVIDIA (NasdaqGS: $NVDA) and Mercedes Plan
In-Vehicle #AI Computing Infrastructure
AI
Chip Market in Europe to Reach $16.04 Billion by 2027
Point Roberts WA, Vancouver BC – June 24, 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: (NasdaqGS:AMZN) (NasdaqGS:FWONA) (NasdaqGS:NVDA)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN),
and Formula One (NasdaqGS:FWONA), have together announced new racing performance stats for the
2020 season. The “six new, real-time racing statistics,” will leverage “a range
of AWS services, including machine learning,” to give fans “more insight into
the action on the track with combined driver, race team, and vehicle
performance.” Mike Clayville, Vice President, Worldwide Commercial Sales at
AWS, explained:
"Formula
1 racing mixes physics and human performance, yielding powerful, but complex
data that AWS is helping them to harness. Our existing relationship with F1 has
already produced statistics that have brought fans into the race paddocks, and
our study of race car aerodynamics is influencing vehicle designs for the 2022
season. This year, we’re thrilled to extend the power of F1 data in the cloud
and unlock new insights that help fans understand more of F1’s rich
complexity."
NVIDIA Corporation (NasdaqGS:NVDA)
is planning to enter a cooperation with Mercedes-Benz to “create a
revolutionary in-vehicle computing system and AI computing infrastructure.” Set
to roll out in 2024, this will see the fleet of next-gen Mercedes-Benz vehicles
enabled with upgradable automated driving functions built on the NVIDIA DRIVE
platform. Jensen Huang, founder and CEO of NVIDIA, commented:
“We
are excited to work with Mercedes-Benz. It’s the perfect partner for us given
its long record of innovation and our strong technical relationship. It’s clear
from our extensive discussions with Ola and his team that we share a common
vision of the automobile of the future. Together, we’re going to revolutionize
the car ownership experience, making the vehicle software programmable and
continuously upgradeable via over-the-air updates. Every future Mercedes-Benz
with the NVIDIA DRIVE system will come with a team of expert AI and software
engineers continuously developing, refining and enhancing the car over its
lifetime.”
AI
Chip Market in Europe to Reach $16.04 Billion by 2027
A report published by Cue Report finds that the AI Chip market in
Europe will grow from $1.25 billion in 2018 to $16.04 billion in 2027 with a
compound annual growth rate (CAGR) of 33 percent in the forecast period
2019-2027. An excerpt from the report’s summary outlines drivers in the market:
The
considerable investments in artificial intelligence chip start-ups are anticipated
to boost the market growth. Real-time consumer behavior insights and increased
operational efficiency are driving the adoption of AI across industries that
are further driving the growth of the AI chip market. Moreover, the integration
of AI chips in edge devices is expected to boost the AI chip market growth in
the forecast period. With AI accelerators evolving at an unprecedented rate,
new hardware platforms are being optimized to facilitate greater autonomy to
edge devices such as mobiles, embedded, and internet of things (IoT) devices.
The proliferation of smartphone-embedded AI processors by tech giants like
Apple, Samsung, and Google is already gaining traction and driving the growth
of [the] AI chip market in edge devices. AI robotics is another noteworthy
application of artificial intelligence, which is driving the growth of AI chips
in self-driving cars, drones, smart appliances, and industrial IoT.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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