The
#AIEye Episode 386: Renault (OTC: $RNLSY) Partnering with Google (NasdaqGS: $GOOG)
Cloud for Industry 4.0 Transformation, and Durango Resources (TSXV: $DGO.V) Engages
Windfall Geotek (TSXV: $WIN.V) for CARDS #AI Analysis
Global
AI Platforms Market to Grow by $12.51 Billion from 2020-2024
Point Roberts WA, Vancouver BC – July 10, 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.
Listen
to today’s podcast:
Read
this in full at http://www.investorideas.com/news/2020/artificial-intelligence/07101AIEye-Renault-Google-Durango.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC:RNLSY) (NasdaqGS:GOOG) (TSXV:DGO) (TSXV:WIN)
Renault (OTC:RNLSY) has announced a new industrial and technology
partnership with Google Cloud, a subsidiary of Google (NasdaqGS:GOOG), to accelerate the digitization
of the former’s industrial system and of Industry 4.0 transformation. According
to the press release, “Google Cloud's solutions and experience in smart
analytics, machine learning (ML) and artificial intelligence (AI) will enable
Groupe Renault to improve its supply chain and manufacturing efficiency, its
production quality, and the reduction in environmental impact through energy
savings.” Thomas Kurian, CEO of Google Cloud, commented:
"The
automotive industry has innovation in its DNA, and there is immense potential
for digital technology to have a significant impact on production. We are proud
to be partnering with Groupe Renault to help revolutionize the future of
automotive manufacturing and power the next generation of supply chain
excellence."
Durango Resources Inc. (TSXV:DGO) has announced that it has engaged mining and
technology services company Windfall Geotek Inc. (TSXV:WIN) to “perform a CARDS analysis using
artificial intelligence on its Windfall Lake, Québec land package.” The press
release explains that “CARDS analysis uses AI and data mining algorithms to
identify high priority targets by combining all available public and private
data sets including geophysical, drill hole and geochemical data.” Marcy
Kiesman, CEO of Durango, said:
“I
am pleased to have Michel Fontaine [CEO of WIN.V] and his team bring their
cutting edge technology to narrow our exploration focus by using the CARDS
analysis on the 9,500 hectares of our claims at Windfall Lake. Our shareholders
have been extremely patient waiting for exploration results this year and we
are eager to implement this innovative technology as part of our exploration
program at Windfall this year.”
Global
AI Platforms Market to Grow by $12.51 Billion from 2020-2024
A report from Technavio finds that the global AI Platforms
market will grow by $12.51 billion from 2020 to 2024 while witnessing a
compound annual growth rate (CAGR) of 33 percent in that forecast period. An
excerpt from the report snapshot highlights the role of governments and firms
in driving the growth of the market:
Enterprises
across the world are increasingly adopting AI to upgrade their IT systems and
empower their workforce. Many governments are also promoting the adoption of
AI-based technologies through investments and the establishment of education
programs to develop a workforce with AI skills. For instance, in November 2018,
Germany launched its digital strategy on AI called "AI Made in
Germany" to fuel the economic and technological growth in the country.
Several firms in the retail, BFSI, and manufacturing sectors are making
significant investments in AI to automate business functions. They are also
adopting AI bots, virtual assistants, digital payment advisers, and biometric
fraud detection mechanisms to track consumer behavior and enhance their
compliance with regulatory systems. The rising investments in AI by enterprises
and government bodies will have a significant impact on the growth of
artificial intelligence platform market size.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit here
or become an Investor Ideas member
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