Share on StockTwits
Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

The #AIEye: IBM ( $IBM) to Invest $2 Billion in NY State Including #AI Hardware Center, Pegasystems ( $PEGI) Acquires Infruid Labs and Veritone ( $VERI) Launches Objectbox Detection and Tracking Solution

Global Autonomous Farm Equipment Market to Grow By $62.27 Billion From 2019-2023

 

Point Roberts, WA and Vancouver, BC - February 8, 2019 (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.

Listen to today's podcast:

https://www.investorideas.com/Audio/Podcasts/2019/020819-AI-Eye.mp3

The #AIEye: IBM ( $IBM) to Invest $2 Billion in NY State Including #AI Hardware Center, Pegasystems ( $PEGI) Acquires Infruid Labs and Veritone ( $VERI) Launches Objectbox Detection and Tracking Solution

Hear Investor Ideas Podcasts on iTunes

Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Global Autonomous Farm Equipment Market to Grow By $62.27 Billion From 2019-2023

Research from Technavio finds that the market for Global Autonomous Farm Equipment will grow by $62.67 billion USD from 2019-2023 at a compound annual growth rate (CAGR) of nearly 15 percent. An excerpt from the report summary reads:

Lack of labor and low yields have driven the need for autonomous farm technology as it requires minimal human intervention. As a result, there is an increased government expenditure towards the development of autonomous agricultural technology. Governments of several countries are increasingly funding and providing grants for autonomous farm technology projects. With the increasing government support for developing autonomous farm technology, the autonomous farm equipment market will witness considerable growth during the forecast period.

The use of artificial intelligence (AI) in autonomous equipment will be one of key autonomous farm equipment market trends that will gain traction in the coming years. AI is being used in autonomous farm equipment to assist in the machine vision of the equipment that helps in detecting objects during operation. Images or videos captured by cameras on vehicles are processed using AI algorithms for better decisions. The adoption of AI will play a significant role in the growth of the autonomous farm equipment market.

IBM to Invest $2 Billion in NY State Including “AI Hardware Center”, Pegasystems Acquires Infruid Labs and Veritone Launches Objectbox Detection and Tracking Solution

Stocks discussed: (NYSE:IBM) (NasdaqGS:PEGA) (NasdaqCM:VERI)

New York governor Andrew Cuomo has announced that IBM (NYSE:IBM) will invest $2 billion in the SUNY Polytechnic campus in Albany to "grow its high-tech footprint". Part of this investment will include the establishment of an Artificial Intelligence Hardware Center for AI-focused computer chip research, development, prototyping, testing and simulation. Mukesh Khare, Vice President, Semiconductor and AI Hardware, IBM Research said:

"AI will transform the world in dramatic ways in the coming years. IBM is pushing the boundaries of AI faster - for the benefit of industry and society. By expanding our partnership with New York State, we are creating a global hub of AI hardware research with an ecosystem to innovate, incubate, and lead in the development of disruptive technologies."

Pegasystems, Inc. (NasdaqGS:PEGA) has acquired business analytics and data visualization software company Infruid Labs. According to the press release, "by integrating Infruid Labs' advanced interactive visualization capabilities with its leading AI-powered customer engagement and digital process automation (DPA) solutions, Pega[systems] will provide clients with a holistic, streamlined way to visually interpret their data. This will enable users to uncover hidden patterns to make better business decisions. Mahesh Yellai, Infruid founder and now senior director of data & analytics at Pegasystems commented:

"Pega continues to be at the forefront of innovation in AI, decisioning, and analytics, and I am thrilled that Infruid's advanced business intelligence and visualization capabilities will be an integral part of Pega's digital transformation solutions. We're excited to bring our technology to Pega to help clients be leaders in customer engagement and operational excellence."

Veritone, Inc. (NasdaqCM:VERI) has launched the newest cognitive engine in the Veritone Machine Box suite, the AI-based object detection and tracking solution Objectbox. According to the press release, Objectbox "allows developers to train detectors with their own content containing the desired objects to be detected, then deploy the resulting customized cognitive engine within aiWARE". Chad Steelberg, Veritone Co-Founder and CEO commented:

"At Veritone, we are democratizing AI and believe that it will play an increasingly larger role in helping to solve some of our world's most complicated challenges. Our unique AI operating system, aiWARE, together with the hundreds of powerful cognitive engines like Objectbox, and the growing list of applications on the platform, provides a configurable AI infrastructure that is steadily changing how people and organizations understand and extract valuable insights from their ever-growing volumes of data."

Sam Mowers, Investorideas.com


Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI. 

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, contents creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: More disclaimer info: shttps://www.investorideas.com/About/Disclaimer.asp ,

Learn more about our podcast and article services and costs https://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

The AI Eye - Watching stock news, deal tracker and  advancements in artificial intelligence is an original content brand of Investorideas.com

Contact Investorideas.com

800 665 0411