#AIEye
#Podcast 639: #Stocks discussed: (NYSE: $CLVT) (NYSE: $STEM) #artificialintelligence
Clarivate
and KAIST Publish Report on AI Innovation, and Stem Enters Agreement to Acquire
Also Energy Holdings
Global
#AI in #Construction Market to Reach $2.325B by 2026
Point Roberts WA, Vancouver BC – December 20, 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
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/122021-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2021/artificial-intelligence/12201CLVT-STEM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:CLVT) (NYSE:STEM)
Clarivate (NYSE:CLVT) and the KAIST Innovation Strategy
and Policy Institute (ISPI) have launched a report in Korea on the global innovation
landscape of artificial intelligence. An excerpt from the press release
contrasts AI innovation in different regions:
The
U.S., the U.K., and Canada have a relatively high proportion of inventions in
robotics and autonomous control, whereas in Mainland China and South Korea,
machine learning and neural networks are making progress. Each country/region
produces high-quality inventions in their predominant AI fields, while the U.S.
has produced high-impact inventions in almost all AI fields.
Won-joon Kim, the Director of the ISPI, said:
"The
driving forces in building a sustainable AI innovation ecosystem are important
national strategies. A country's future AI capabilities will be determined by
how quickly and robustly it develops its own AI ecosystem and how well it
transforms the existing industry with AI technologies. Countries that build a
successful AI ecosystem have the potential to accelerate growth while absorbing
the AI capabilities of other countries. AI talents are already moving to
countries with excellent AI ecosystems.”
Stem, Inc. (NYSE:STEM) has entered into a definitive agreement to acquire
solar asset management software firm Also Energy Holdings, Inc. Stem’s CEO,
John Carrington, said:
"Through
this immediately accretive transaction, a combined Stem and AlsoEnergy will
bring the unique software, controls, and analytics capability to accelerate the
energy transition to a renewable, decarbonized future. As the battery storage
and solar industries continue to experience tremendous global growth,
developers, asset owners, and utilities will increasingly look to our combined
software capabilities to provide a unified platform for energy intelligence
that improves project performance. The combined company will deliver an
AI-driven software offering that we expect will simplify our customers’ asset
management, boost their project returns, and accelerate our own growth
trajectory. Importantly, this acquisition is expected to be immediately
accretive to both gross margin and EBITDA before realizing any commercial
synergies, which we believe are significant and compelling. This acquisition
underscores our focus on expanding Stem’s global reach and delivering high
margin, market-leading software products to our customers."
Global
AI in Construction Market to Reach $2.325B by 2026
A report published by Research Dive finds that the global AI in
Construction market will grow from $408.1 million in 2018 to over $2.325
billion by 2026, with a compound annual growth rate (CAGR) of 24.1 percent in
the forecast period 2019-2026. An excerpt from the report overview reads:
The
cost efficiency and the availability of advanced artificial intelligence
products are expected to drive the AI in
construction market. Many large companies hire the experts going over
budget and spend a lot of time hiring the professionals for their project team.
With the help of artificial neural networks, the professionals calculate the
overhead cost, where they predict the total cost of the project based on the
historical data with accurate information which saves a lot of money and time
for the company. Many companies have implemented the use of robots, drones and
many other automated vehicles which gives them the aerial view of the
construction site, mapping and surveying, which helps them to automate the
construction site which increases the work efficiency of the workforce.
Sam Mowers, Investorideas.com
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