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

Stocks discussed: (NYSE:WIT) (OTC:SSFT)

Wipro Limited (NYSE:WIT) published a report titled State of Intelligent Enterprises, which emphasizes the role of Artificial Intelligence, Analytics, Machine Learning, Deep Learning and Automation in solving business problems and driving innovation in the future. Notably, one of the report’s key findings was that:

95% of business leaders surveyed see AI as critical to being Intelligent Enterprises, yet, currently, only 17% can leverage AI across the entire organization.

Jayant Prabhu, Vice President & Head - Data, Analytics & AI, Wipro Limited, commented:

"Organisations now need new capabilities to navigate the current challenges. The report amplifies the opportunity to gain a first-mover advantage to being Intelligent. The ability to take productive decisions depends on an organization’s ability to generate accurate, fast and actionable intelligence. Successful organisations are those that quickly adapt to the new technology landscape to transform into an Intelligent Enterprise."

Sonasoft Corp. (OTC:SSFT), through its AI bot solution, is helping Delaware Electric Cooperative (DEC) members save millions on their electricity bills by providing more accurate peak forecasts. Ankur Garg, Chief AI Strategy Officer at Sonasoft, explained:

“Sonasoft’s AI solutions are built on our unique NuGene engine. NuGene takes data from multiple disparate sources and is able to spot relevant correlations that other AI tools simply miss. Even better, the models leverage continuous learning. This allows them to become more and more accurate as well as giving them the flexibility to adapt to changing circumstances.”

AI in Social Media Market to Reach $3.714 Billion by 2025

A report from Mordor Intelligence finds that the global AI in Social Media market will grow from $815.33 million in 2019 to $3.714 billion by 2025 with a compound annual growth rate (CAGR) of 28.77 percent in the forecast period 2020-2025. The following excerpt outlines the role of AI in Social Media for the retail sector:

● AI is enabling the retail industry to provide personalized product recommendations, data-driven in-store experiences and image recognition search through consumer’s social posts uncovering hidden patterns in the massive datasets.

● According to a recent study by IBM Corporation, 91% of retail executives familiar with Artificial Intelligence believe that it will play a disruptive role in their organization.

● For retailers like Target, Walmart, and others, which depend on increased consumer expenditure and strong competition from e-commerce platforms, AI adoption for boosting sales and loyalty is crucial.

Sam Mowers, Investorideas.com

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Thursday, September 3, 2020

#AIEye Episode 425: Mastercard (NYSE: $MA) Integrates Vehicle Recognition #Tech from Rekor (NasdaqGS: $REKR) for #AI Powered Drive Through Platform, SPX (NYSE: $SPXC) Acquires ULC #Robotics

#AIEye Episode 425: Mastercard (NYSE: $MA) Integrates Vehicle Recognition #Tech from Rekor (NasdaqGS: $REKR) for #AI Powered Drive Through Platform, SPX (NYSE: $SPXC) Acquires ULC #Robotics

Global Conversational AI to Reach $14.26 Billion by 2026

Point Roberts WA, Vancouver BC – September 3, 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 https://www.investorideas.com/news/2020/artificial-intelligence/09031AIEye-MA-REKR.asp

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

Stocks discussed: (NYSE:MA) (NasdaqGS:REKR) (NYSE:SPXC)

Mastercard (NYSE:MA) is integrating Edge proprietary vehicle recognition technology from AI firm Rekor Systems, Inc. (NasdaqGS:REKR) into its AI Powered Drive Through platform. This platform leverages vehicle recognition, voice ordering, and AI, to help fast food restaurants “transform their drive through or drive in interactions.” Mastercard’s AI powered drive through platform will, according to the press release, begin on-location pilots at White Castle locations in October 2020 and will also be rolling out with other quick service restaurants later in the year. Stephane Wyper, senior vice president, retail innovation, Mastercard, explained:

“As retailers and consumers navigate through one of the most disruptive periods in modern history, it’s clear that traditional business operations will need to evolve quickly. Technologies like Rekor’s give us the ability to help our retail partners meet the challenges posed by this new normal and provide their customers with a more digitally enabled, touchless, and secure retail experience.”

SPX Corporation (NYSE:SPXC) has acquired ULC Robotics, described as a “leading developer of robotic systems, machine learning applications and inspection technology for the energy, utility and industrial sectors.” Gene Lowe, SPX Corporation’s President and CEO, commented:

“We are excited to welcome the ULC Robotics team to SPX. ULC’s Robotics-as-a-Service business is a strong complement to SPX’s world-class suite of solutions for the location, inspection and maintenance of underground infrastructure. The addition of ULC’s R&D business further enhances SPX’s capacity to develop advanced technology solutions, such as artificial intelligence (AI) and machine-learning, for customers across our platforms. The combination of ULC Robotics’ expertise in technology and solutions development with SPX’s market-leading capabilities in product commercialization, market development, and brand and channel management creates strong growth opportunities for our employees, customers and shareholders.”

Global Conversational AI to Reach $14.26 Billion by 2026

A report published by Research and Markets finds that the global Conversational AI market will reach $14.26 billion by 2026 with a compound annual growth rate (CAGR) of 19.9 percent in the forecast period 2019-2026. An excerpt from the report description reads:

Conversational AI accounts for an important place in personal assistance activities. It can analyze the open interactions when relating it with the scenario or case. Companies are utilizing AI innovation by using a blend of NLU and ML, which empowers the assistants to be trained with industry-explicit information and extraordinary business information for an increased time to market.

Factors such as increasing demand for AI-powered customer support services and rising demand for AI-based chatbots to stay connected and informed during the COVID-19 are driving the market growth. However, lack of awareness about conversational AI solutions is hampering the market growth.

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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Wednesday, September 2, 2020

#AIEye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces Collaboration with VORAGO Technologies

#AIEye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces Collaboration with VORAGO Technologies

Global AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover Thereafter

Point Roberts WA, Vancouver BC – September 2, 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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Read this in full https://www.investorideas.com/news/2020/artificial-intelligence/09021AIEye-NVDA-BrainChip.asp

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

Stocks discussed: (NasdaqGS:NVDA) (ASX:BRN)

NVIDIA Corporation (NasdaqGS:NVDA) has unve iled its GeForce RTX 30 Series GPUs, which deliver a 2x performance improvement over the previous Turing-based generation GPUs. The new Series employs the second generation of PC gaming platform NVIDIA RTX to “provide unprecedented levels of real-time ray tracing and AI gaming,” according to the press release. NVIDIA founder and CEO Jensen Huang commented:

“Today’s launch of NVIDIA Ampere GPUs is a giant step into the future. The work of thousands of engineering years, the GeForce RTX 30 Series delivers our greatest generational leap ever. NVIDIA RTX fuses programmable shading, ray tracing and AI for developers to create entirely new worlds. Twenty years from now, we’ll look back and realize that the future of gaming started here.”

BrainChip Holdings Ltd (ASX:BRN) announced a collaboration with high tech firm VORAGO Technologies “to support a Phase I NASA program for a neuromorphic processor that meets spaceflight requirements.” This involved VORAGO’s signing of BrainChip’s Akida Early Access Program (EAP) Agreement. According to the press release, Akida is a neuromorphic processor that “is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications,” and “is uniquely suited for spaceflight and aerospace applications.” BrainChip CEO Louis DiNardo said:

“We are both excited and proud to participate in this Phase I program with VORAGO Technologies and support NASA’s desire to leverage neuromorphic computing in spaceflight applications. The combination of benefits from the Akida neuromorphic processor and a radiation-hardened process brings significant new capabilities to spaceflight and aerospace applications".

Global AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover Thereafter

Research published by ReportLinker finds that the global Artificial Intelligence Services market is expected to decline from $0.85 billion in 2019 to $0.77 billion in 2020 with a compound annual growth rate (CAGR) of -9.46 percent. This is attributed to the COVID-19 pandemic and its resulting “restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities,” as well as supply chain disruptions. However, the report finds that the market “is then expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%.” An excerpt from the report summary outlines the market:

The artificial intelligence (AI) services market consists of sales of AI and related services that are used in telecommunications, government, retail, defense and healthcare. Companies in the artificial intelligence market provide outsourced services to cater to business requirements. AI as a service enables individuals and businesses to use AI for different purposes, without significant initial investment and with lower risk.

Sam Mowers, Investorideas.com

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

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Tuesday, September 1, 2020

#AIEye Episode 423: Indeed Selects AWS (NasdaqGS: $AMZN) as Preferred Cloud and Leading Lens Manufacturer to Utilize #AI-Powered Celebros from Bridgeline Digital (NasdaqCM: $BLIN) for eCommerce

#AIEye Episode 423: Indeed Selects AWS (NasdaqGS: $AMZN) as Preferred Cloud and Leading Lens Manufacturer to Utilize #AI-Powered Celebros from Bridgeline Digital (NasdaqCM: $BLIN) for eCommerce

Global AI in Gov’t Valued at $4.904 Billion in 2019 with Investments Projected to Increase

Point Roberts WA, Vancouver BC – September 1, 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 https://www.investorideas.com/news/2020/artificial-intelligence/09011AIEye-AMZN-BLIN.asp

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

Stocks discussed: (NasdaqGS:AMZN) (NasdaqCM:BLIN)

The world’s leading job site Indeed has selected Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), as its preferred cloud. The multi-year agreement will see Indeed “migrate more than 30 petabytes of data to AWS, moving its customer-facing products, business-critical workloads, and legacy databases to AWS.” Greg Pearson, Vice President, Worldwide Commercial Sales at AWS, said:

"Data is at the heart of Indeed’s business, and by moving its data platform to AWS, Indeed can leverage the broadest and deepest array of services, including analytics and machine learning, to fuel innovation and better match employers with prospective talent. Growing and streamlining its business on AWS will enable Indeed to remain lean and nimble as it creates new experiences for its users so that it can continue to lead the field for job search."

A leading lens manufacturer, unnamed in the press release, has selected Celebros Search from cloud-based digital experience firm Bridgeline Digital, Inc. (NasdaqCM:BLIN) to “enhance the site search capabilities of its ecommerce store and improve its online experience for customers.” Celebros leverages AI and Natural Language Processing (NLP) to enhance search capabilities, thereby making results more accurate. Ari Kahn, Bridgeline Digital CEO, commented:

“We're excited about this win because they can display products that will spark the highest interest from potential customers. This will help narrow the time from the decision-making to actual purchase.”

Global AI in Gov’t Valued at $4.904 Billion in 2019 with Investments Projected to Increase

A report published by Research and Markets finds that the global AI in Government market was valued at $4.904 billion in 2019, and projects an increase in investments during the forecast period 2020-2025. An excerpt from the report description reads:

They are increasingly investing in artificial intelligence (AI), spending budget and time on pilot programs for various AI applications while discussing with people in the [field] on the future implications of [the] technology for various public projects. The growing volume of big data is the major factor that is increasing the adoption of artificial intelligence (AI) technology across the government sector as it reduces the cost of storing and processing data.

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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