AI Eye Podcast Episode 571: Stocks discussed: (NYSE: $HPE) (NYSE: $HON)
HPE Acquires Determined AI, and Honeywell Adds ML-Powered Analytics to Experion Operator Advisor
Point Roberts, WA and Vancouver, BC - June 21, 2021 (Investorideas.com Newswire) 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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AI Eye Podcast Episode 571: Stocks discussed: (NYSE: HPE) (NYSE: HON)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:HPE) (NYSE:HON)
Hewlett Packard Enterprise Company (NYSE:HPE) has acquired Determined AI, a San Francisco-based startup that, according to the press release, "delivers a powerful and robust software stack to train AI models faster, at any scale, using its open source machine learning (ML) platform." HPE plans to bring together Determined AI's solutions with its own AI and high performance computing (HPC) offerings "to enable ML engineers to easily implement and train machine learning models to provide faster and more accurate insights from their data in almost every industry." Justin Hotard, senior vice president and general manager, HPC and Mission Critical Solutions (MCS), HPE, said:
"As we enter the Age of Insight, our customers recognize the need to add machine learning to deliver better and faster answers from their data. AI-powered technologies will play an increasingly critical role in turning data into readily available, actionable information to fuel this new era. Determined AI's unique open source platform allows ML engineers to build models faster and deliver business value sooner without having to worry about the underlying infrastructure. I am pleased to welcome the world-class Determined AI team, who share our vision to make AI more accessible for our customers and users, into the HPE family."
Honeywell International Inc. (NasdaqGS:HON) has added Operator Advisor to its Experion Highly Augmented Lookahead Operations (HALO) suite, enabling plant owners "to objectively measure gaps and drive operator effectiveness to the next level," with machine learning-powered analytics. Pramesh Maheshwari, vice president and general manager, Lifecycle Solutions and Services, Honeywell Process Solutions, explained:
"According to the Abnormal Situation Management Consortium, 40% to 70% of industrial accidents are linked to human error. This underscores the importance of deploying an enterprise-wide competency program that empowers organizations and workers through use of advanced technologies like machine learning to improve plant performance, uptime, reliability and safety."
Global AI Platforms Market to Grow $17.29B from 2020-2025
A report published by Technavio finds that the global AI Platforms market will grow by $17.29 billion from 2020 to 2025 with a compound annual growth rate (CAGR) of 34.62 percent in the forecast period 2021-2025. The report identifies a "rise in demand for AI-based solutions," and "investments in AI start-ups," as key factors driving the artificial intelligence platforms market growth. North America is highlighted as the fastest-growing region in the market:
North America will register the highest growth rate of 69.04% among the other regions. Therefore, the artificial intelligence platforms market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
Sam Mowers, Investorideas.com
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