#AIEye
Episode 439: Rakuten Mobile (OTC: $RKUNY) to Add Nuance (NasdaqGS: $NUAN)
Intelligent Engagement #AI Services, and BrainChip Holdings (ASX:BRN) Establishes
Development Center in India
Global
AI in Asset Management to Reach $8.3 Billion by 2026
Point Roberts WA, Vancouver BC – September 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.
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2020/092420-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/09241AIEye-RakutenMobile-NUAN-BrainChip.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC:RKUNY) (NasdaqGS:NUAN) (ASX:BRN)
Rakuten Mobile, a subsidiary of e-commerce giant
Rakuten, Inc. (OTC:RKUNY) has announced a strategic partnership with Nuance
Communications, Inc. (NasdaqGS:NUAN), wherein it will add the
latter’s Intelligent Engagement AI Services to its Rakuten Communications
Platform (RCP). In doing so, Rakuten Mobile can now offer Rakuten Group
companies Conversational and Engagement AI Services, and more. Tareq Amin,
Representative Director, Executive Vice President and CTO of Rakuten Mobile,
explained:
"With
Rakuten Cloud Platform, we are creating an innovative telco cloud platform that
will drive a better AI-based customer engagement experience. We're excited
about the innovations this will enable Rakuten Group companies to deliver and
the potential for bringing it to organizations globally to leverage via Rakuten
Cloud Platform."
BrainChip Holdings Ltd (ASX:BRN) has established a Software Development Center in
Hyderabad, India, which will focus on software and firmware development to
support the company’s Akida Neuromorphic System-on-Chip (NSoC). BrainChip’s
CEO, Louis DiNardo, commented:
"We
have established BrainChip Systems India to support the requirement for robust
system software and firmware. As Akida is implemented commercially, it is
important that our software is mature and provides a positive user experience.
We have a very seasoned management and engineering team in Hyderabad. Having a
BrainChip entity in India will allow us to recruit and retain experienced
engineering professionals as we expand operations to meet market demands. The
India group has been working exclusively on Akida software and firmware
development for several quarters and we are fortunate to have them join us as
we bring Akida to market."
Global
AI in Asset Management to Reach $8.3 Billion by 2026
A report published by Research and Markets finds that the global AI
in Asset Management market will reach $8.3 billion by 2026, registering a
compound annual growth rate (CAGR) of 41.1 percent in the forecast period
2020-2026. An excerpt from the report description reads:
The
artificial intelligence is finding applications in various fields and has an
increasing demand in the financial sector such as assets management. The main
areas where AI is gaining attraction in financial assets management comprise
personal financial management, investment banking, and fraud detection. With
the aid of technologies like machine learning and AI and predictive analytics,
financial institutes can accomplish their financial assets more effectively and
can also meet the changing behavior of the consumer. This will beneficial for
organizations to improve their business operations and the process by
automation that further results in enhanced customer experience.
Sam Mowers, Investorideas.com
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