#AIEye Episode 468: Ambarella (NasdaqGS: $AMBA) Introduces CV28M Camera SoC with Edge-Based #AI Processing, Aurora Mobile (NasdaqGM: $JG) Partners with Ping An Bank for Digital Transformation
Global
AI in Agriculture Market to Reach $8.379 Billion by 2030
Point Roberts WA, Vancouver BC – November 4, 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:AMBA) (NasdaqGM:JG)
Ambarella, Inc. (NasdaqGS:AMBA) has introduced the CV28M camera system on chip
(SoC), the latest in the company’s CVflow family, and which according to the
press release combines “advanced image processing, high-resolution video
encoding, and CVflow computer vision processing in a single, low-power design.”
Chris Day, vice president of marketing and business development at Ambarella,
explained:
"All
around us, devices are becoming smarter, and with our newest CV28M SoC, our
customers can develop a new generation of intelligent sensing cameras for a
variety of new applications. In privacy-sensitive applications—such as
monitoring retail stores, workplaces, rental properties, or the elderly at
home—edge-based AI processing can support intelligent monitoring and fast
decision-making without the requirement to record or stream video to the
cloud."
Aurora Mobile Limited (NasdaqGM:JG) has entered into a strategic partnership with Ping
An Bank Co., Ltd. (SZSE:000001) to enhance the latter’s customer
experience, improve analytics and drive greater efficiency. According to the
press release, Aurora “leverages its AI-driven data processing platform to
provide customers with one-stop diversified big data service solutions, helping
customers across various industries to improve operational efficiency and
conduct data-led decision making.” For its part, Ping An “has capitalized on
innovations in AI, cloud infrastructure, blockchain and big data analytics to
upgrade its management and services as it executes a full-fledged digital
transformation across all of its business processes, including administration,
marketing, risk-control, asset management, payment, operations and financing.”
Global
AI in Agriculture Market to Reach $8.379 Billion by 2030
Research published by ReportLinker finds that the global AI in
Agriculture market will grow from $852.2 million to $8.379 billion during the
forecast period 2020-2030, while registering a compound annual growth rate
(CAGR) of 24.8 percent in the same period. An excerpt from the report summary
reads:
By
making use of AI, farmers can monitor their live-stock in real-time. AI
solutions, including image classification with body condition score, feeding
patterns and facial recognition for livestock on dairy farms can now
individually monitor the behavioral aspects of animals. In addition to this,
farmers are using machine vision, which aids them in recognizing facial
features and hide patterns.
Farmers
are also able to monitor [the] water and food intake of livestock and record
their body temperature and behavior. It is because of such advantages of AI
that its demand in the agricultural sector is increasing at a rapid pace.
Sam Mowers, Investorideas.com
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