The
#AIEye: Microsoft (Nasdaq: $MSFT) and KKBOX Group Announce Global Strategic
Partnership and Hitachi (OTC: $HTHIY) Acquires JR Automation
North
America #AI in Fashion Market to Reach $2.254 Billion by 2027
Point
Roberts WA, Vancouver BC – December 27, 2019
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Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Stocks discussed:
(NasdaqGS:MSFT) (TYO:9433) (OTC:HTHIY)
Microsoft
(NasdaqGS:MSFT)
Taiwan and media technology company, KKBOX Group, a subsidiary of Japanese
telecom firm KDDI Corporation (TYO:9433), recently announced the launch of a global strategic
partnership. The following excerpt outlines how the collaboration will utilize
AI for new developments:
KKBOX will leverage
Microsoft AI technology to build an AI-assisted music arrangement system and an
AI-assisted lyric generator. In addition, the group will create a predictive
model that uses data and AI to forecast the commercial success of a song. KKBOX
and Microsoft believe that the digital entertainment industry is facing a
transformation and must use technology to make content faster and smoother for
users and to use a data-driven approach to create personalized services. AI
will become the most important advancement in this transformation. KKBOX is one
of the world’s earliest legal music streaming platforms, providing services
since 2005. It has successfully changed consumer listening behavior, and the
music industry’s business model is changing accordingly. KKBOX Group and
Microsoft aim to leverage AI to explore new opportunities, create new trends
and transform the entertainment market.
Hitachi,
Ltd. (OTC:HTHIY) has completed the acquisition of the robotic SI business mainly
operated by JR Automation from funds managed by Crestview Partners. According
to the press release, the acquisition will “strengthen and accelerate the
partnership and help quickly pair JR Automation's global strengths in robotic
system integration with Hitachi's deep skillsets in artificial intelligence and
IoT solutions for manufacturing”. Masakazu Aoki, Executive Vice President and
Executive Officer of Hitachi, commented:
"With JR
Automation's robotic system integration capabilities, combined with Hitachi's
digital solutions and technologies, we can provide customers with new,
unparalleled value by connecting the whole process. We can now provide our
customers with seamless solutions, connecting the entire value chain with data
to achieve total optimization.”
North America AI in
Fashion Market to Reach $2.254 Billion by 2027
Research
from ReportLinker finds that the North American AI in Fashion market will grow from
$128.7 million in 2018 to $2.254 billion in 2027 with a compound annual growth
rate (CAGR) of 37.9 percent in the forecast period. An excerpt from the report
summary outlines the application of AI in fashion markets:
…AI technology in
apparel manufacturing can be used for several processes, including fiber
grading, yarn properties estimation, fabric fault analysis, as well as dye
recipe prediction. In the supply chain, AI-based models can be utilized to
integrate and share information at any point in supply chain management.
A number of AI
approaches can be applied in supply chain planning, demand forecasting,
optimization of the network, managing the logistics, sample management,
inventory management; as well as inventory replenishment.
Sam
Mowers, Investorideas.com
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