#AIEye #Podcast
732: #Stocks discussed: (NYSE: $WFC) (NYSE: $IBM) #artificialintelligence
Wells
Fargo’s New Virtual Assistant Leverages AI from Google Cloud, and IBM Expands
AI Software Portfolio
Global #AI in #SpeechRecognition
Market to reach $45.35B by 2032
Vancouver,
Kelowna, Delta, BC – October 26, 2022
– 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/2022/102622-AI-Eye.mp3
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at https://www.investorideas.com/news/2022/artificial-intelligence/10261WFC-IBM.asp
Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:WFC)
(NYSE:IBM)
Wells
Fargo & Company (NYSE:WFC) has announced that Fargo, its new virtual
assistant set to roll out in the “coming months,” “will leverage Google Cloud’s
artificial intelligence (AI) to provide a more personalized, convenient, and
simple banking experience.” Fargo, according to the press release, aims to help
customers with servicing their accounts, managing debit cards, and checking
credit limits. Yolande Piazza, VP of Financial Services at Google Cloud, said:
"Today’s
announcement marks a milestone for Google Cloud as we expand our partnership
with Wells Fargo to evolve the digital banking experience. By pairing our
leading AI and natural language processing capabilities with Wells Fargo’s
industry-leading banking experience, we can provide customers with connected,
personalized tools that seamlessly blend with their financial needs."
IBM
(NYSE:IBM) has announced an expansion to its embeddable AI
software portfolio with the launch of three AI libraries, which aims to help
Independent Software Vendors (ISVs) across industries to develop “natural
language processing, speech to text, and text to speech capabilities into
applications across any hybrid, multi cloud environment.” Kate Woolley, General
Manager, IBM Ecosystem, said:
"Enterprises
must commit to a significant investment in expertise, resources and time
required to build, deploy and manage AI-powered solutions. By bringing to
market the same portfolio of embeddable AI technology that powers our
industry-leading IBM Watson products, we are helping Ecosystem partners more
efficiently deliver AI experiences that can drive business value for their
clients."
Global AI in Speech
Recognition Market to reach $45.35B by 2032
A
report published by Adroit Market Research finds that the global
AI in Speech Recognition market is projected to grow from $14.58 billion USD in
2022 to $45.35 billion by 2032, registering a compound annual growth rate
(CAGR) of 16.24 percent in the forecast period 2022-32. The following excerpt from
the report’s summary outlines the impact of technological development on the
market:
By using a number
of procedures, including as the representation of speech units, the formulation
and development of recognition algorithms, as well as the display of suitable
inputs, artificial intelligence transforms voice beautifully into
well-structured algorithms. The development of the artificial
intelligence-based technology sector is anticipated to be supported by the
expanding developments in machine learning and natural language processing.
Sam Mowers,
Investorideas.com
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