#AIEye
#Podcast 558: #Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $AYX)
Baidu
Reports Unaudited Financial Results for Q1, and Alteryx Announces New #AI and #ML
Innovations at Virtual Global Conference
Global
#AI Market to Reach $228.3B by 2026
Point Roberts WA, Vancouver BC – May 19, 2021 – 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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Stocks
discussed: (NasdaqGS:BIDU) (NYSE:AYX)
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Baidu, Inc. (NasdaqGS:BIDU) has announced its unaudited financial results for
the first quarter ended March 31, 2021. The company’s co-founder and CEO Robin
Li commented:
"We
are delighted to bring innovation across many sectors, including marketing
cloud, enterprise cloud, smart transportation, autonomous driving, smart
assistant and AI chip, through our decade-long investment in AI. With AI
powering the next stage of technology growth, many Baidu alumni have rejoined
us, and our employees are energized from working on intelligent computing that
can improve daily life and make the complex world simpler."
CFO Herman Yu said:
"Baidu
Core delivered a strong first quarter with revenue growing 34% year over year,
powered by non-advertising revenue growing 70% year over year. We will continue
to invest heavily in sales, R&D and operations to support the rapid growth
of our AI-powered business."
Alteryx, Inc. (NYSE:AYX) announced new innovations in analytics and
data science automation, analytics in the cloud, machine learning, and AI
during its Virtual Global Inspire
conference. This includes: Alteryx
Machine Learning, which “provides guided, explainable and fully automated
machine learning (AutoML),” Alteryx
Intelligence Suite, which “includes extending automated machine learning
capabilities to harness all types of data including unstructured and complex
data,” and more. Alteryx CEO Mark Anderson commented:
"Citizen
analysts, data scientists and business decision makers will come together to
see our groundbreaking innovations and hear from our strategic partners. We are
relentlessly focused on making analytics and data science automated and easy
for everyone, and the next few days epitomize our commitment to this
mission."
Global
AI Market to Reach $228.3B by 2026
A report published by Global Industry Analysts Inc. finds that the
global AI market will grow from an estimated $43.1 billion in 2020 to $228.3
billion by 2026 with a compound annual growth rate (CAGR) of 32.7 percent in
the forecast period. An excerpt from the report’s highlights reads:
Growth
in the market is driven by increasing adoption in an expanding range of
applications in varied industries. With significant improvements being seen in
data storage capacity, computing power and parallel processing capabilities,
the adoption of AI technology in various end-use sectors is on the rise. The
rising adoption of cloud-based services and applications, rapid growth of big data,
and the increasing need for intelligent virtual assistants are also
contributing to the rapid pace of growth. The advent of face, image, and voice
recognition technologies further boosts growth opportunities. AI has emerged as
a powerful tool in the war against COVID-19. The predictive technology is being
exploited by governments and other stakeholders to determine the way the
COVID-19 virus is spreading, identify vulnerable people and in finding mutation
patterns.
Sam Mowers, Investorideas.com
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