The AI Eye: MediaTek's Q3 Profit Up 54% Over 2017 Due to Diversification into #AI and #Nasdaq Argues that Tech Stocks Like #AI Will Be Insulated From Market Volatility
AI in Education to Surpass $6 Billion in 2024 According to Recent Research
Point Roberts, WA and Vancouver, BC - December 26, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.
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The #AI Eye: MediaTek's Q3 Profit Up 54% Over 2017 Due to Diversification into #AI and #Nasdaq Argues that Tech Stocks Like #AI Will Be Insulated From Market Volatility
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI in Education to Surpass $6 Billion in 2024 According to Recent Research
Research from Market Study Report projects that the AI in Education market could surpass $6 billion USD 2024 with a compound annual growth rate of more than 50 percent. Key drivers identified in the market are the growing demand for Intelligent Tutoring System (ITS) by educational institutions and the integration of intelligent algorithms and AI in learning platforms. A quote from the report summary reads:
North America accounted for over 60% share in the AI in Education market. The growth of the market is driven by the increasing investments in EdTech and AI technology. The highly developed education infrastructures and early adoption of the technology in the education sector enhance the market growth. The growing dependence on mobile devices, such as smartphones, tablets, and laptops, to access teaching programs and study materials have given an upsurge to software developers for designing software compatible with these mobile devices, driving the market growth.
MediaTek's Q3 Profit Up 54% Over 2017 Due to Diversification into AI and Nasdaq Argues that Tech Stocks Like AI Will Be Insulated From Market Volatility
Stocks discussed: (TPE:2454)
An article in Forbes yesterday reports that chip designer MediaTek Inc. (TPE:2454) has earned a third quarter profit of $220 million profit despite a slump in smartphone sales. The company was able to score a 54 percent increase in profit over the same period last year by diversifying into, among other areas, artificial intelligence. The article quotes Joan Yeh, senior industry analyst at Taipei's Market Intelligence & Consulting Institute:
"Like a lot of peers, MediaTek is also working on artificial intelligence processors, but started earlier than most, in 2015. As a result, it captured 70 percent of the market for "smart" voice assistant devices in 2017."
Despite the recent volatility seen in the stock market, an article from Nasdaq today argues that tech stocks, including AI and autonomous driving companies, are likely to weather the storm.
"The technology sector is benefiting from continued strong digital transformation environment. The last few years have witnessed a series of breakthroughs in cloud computing, predictive analysis, artificial intelligence (AI), self-driving vehicles, digital personal assistants, and Internet-of-Things (IoT), which set the stage for strong growth."
"The fourth quarter is likely to maintain the momentum driven by strong labor market with record low unemployment and solid consumer and business confidence."
Sam Mowers, Investorideas.com
Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.
AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
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