#AIEye
Episode 459: NVIDIA (NasdaqGS: $NVDA) Tops #AI Computing Performance in Latest
MLPerf Round, and Veritone (NasdaqGS: $VERI) Partners with GovQA
AI
to Account for 34% of Smart Cities Market Investment from 2020-2025
Point Roberts WA, Vancouver BC – October 22, 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:NVDA) (NasdaqGS:VERI)
NVIDIA Corporation (NasdaqGS:NVDA)
has announced that its AI computing platform has
“smashed performance records in the latest round of MLPerf,” – which “makes
benchmarks for measuring training and inference performance of ML hardware,
software, and services.” NVIDIA came in first in “every test across all six
application areas for data center and edge computing systems in the second
version of MLPerf Inference,” encompassing computer vision, recommendation
systems, natural language understanding, speech recognition and medical
imaging. Ian Buck, general manager and vice president of Accelerated Computing
at NVIDIA, commented:
“We’re
at a tipping point as every industry seeks better ways to apply AI to offer new
services and grow their business. The work we’ve done to achieve these results
on MLPerf gives companies a new level of AI performance to improve our everyday
lives.”
Veritone, Inc. (NasdaqGS:VERI)
has announced a strategic relationship with
automated workflow solutions provider GovQA, LLC, to “enable state and local
government agencies to increase transparency and expedite the release of public
records requests.” This endeavour will integrate the former’s aiWARE-powered
Veritone Redact with the GovQA Public Records Management Solution, which
according to the press release will “help agencies expedite requests in
accordance with records laws, save taxpayer money and foster greater public
trust.” Jon Gacek, Head of Government, Legal and Compliance at Veritone,
explained:
"As
cameras capture more of our daily lives, we’ve seen a massive increase in
crimes and law enforcement interactions captured on video, whether it be by
police body cam or a citizen’s smartphone. When the public asks for that
footage, delivering it quickly, one of the hallmarks of transparency, is a
challenge because personal information has to be redacted. AI gives agencies
the power to redact in mere hours what used to take them days."
AI
to Account for 34% of Smart Cities Market Investment from 2020-2025
A report published by Research and Markets finds that AI is
projected to account for 34 percent of investments in the global Smart Cities
market in the forecast period 2020-2025. The following excerpt from the
report’s description outlines the potential in AI’s confluence with IoT
technology in the market:
Major
initiatives are beginning to make a substantial positive impact as critical
milestones are achieved. This includes network and system interoperability,
security and privacy controls, and technology integration. For the latter, one
of the key areas that we see is the combination of AI and IoT forming
“thinking” cities that rely upon the Artificial Intelligence of Things (AIoT).
Industry verticals we see as early beneficiaries include utilities, public
safety, and transportation. Specific AIoT-enhanced smart city solutions within
these verticals are poised to improve the overall efficiency and operational
effectiveness of delivery systems as well as human capital management.
Sam Mowers, Investorideas.com
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