#AIEye
#Podcast 681: #Stocks discussed: (NYSE: $ACN) (ASX:BRN)
Accenture
Ventures Invests in Titan Space Technologies, and BrainChip to Combine Tech
with SiFive, Inc.
Global
Citizen Services AI Market to Reach $47.33B by 2028
Vancouver, Kelowna, Delta, BC – April 8, 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
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (ASX:BRN)
Accenture Ventures, the venture capital arm of
Accenture (NYSE:ACN), has made a strategic investment in Titan Space
Technologies, described in the press release as “an orbital compute platform
that offers real-time monitoring and neural engine capabilities to accelerate
the next generation of scientific technology innovations for enterprises, such
as adaptive immune response, carbon capture and biomedical applications.” Tom
Lounibos, managing director, Accenture Ventures, explained:
"The
burgeoning private and commercial space sector has created a
once-in-a-generation opportunity for companies to leverage the unique R&D
environment of space along with ever-increasingly sophisticated AI and other
technologies to potentially solve our most pressing issues here on earth such
as climate change, disease interventions, and materials shortages. The launch
of Titan’s first AI models to the ISS marks an amazing new milestone in
AI-driven research and experimentation."
BrainChip Holdings Ltd. (ASX:BRN) has combined technologies with computing firm
SiFive, Inc. to “offer chip designers optimized AI/ML compute at the edge.”
Chris Jones, vice president, products at SiFive, commented:
"Employing
Akida, BrainChip’s specialized, differentiated AI engine, with high-performance
RISC-V processors such as the SiFive Intelligence Series is a natural choice
for companies looking to seamlessly integrate an optimized processor to
dedicated ML accelerators that are a must for the demanding requirements of
edge AI computing. BrainChip is a valuable addition to our ecosystem
portfolio."
Global
Citizen Services AI Market to Reach $47.33B by 2028
A report published by Verified Market Research finds that the global
Citizen Services AI market is projected to grow from $2.11 billion USD in 2020
to $47.33 billion by 2028, registering a compound annual growth rate (CAGR) of
46.4 percent in the forecast period 2021-28. An excerpt from the report’s
description outlines some of the key influences on the market’s growth:
The
major driving factors of the market are an integration of the artificial
intelligence (AI) and analytics with citizen services, necessary for the
information technology modernization and increasing the demand for automation
technology. Opportunities for the citizen services market is increasing demand
for the citizen services AI. The need for IT transformation in the government
sectors, improved automation, increased cost savings and automation of manual
processes to ease the pressure and enhance citizen experience, are the major
growth factors driving the growth of the citizen services AI market.
Sam Mowers, Investorideas.com
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