The AI Eye: Volkswagen Group (FWB: VOW) Announces Agreement with AWS (NasdaqGS: AMZN) to Build Volkswagen Industrial Cloud and VSBLTY (CSE: VSBY) Demonstrates at Digital Signage Expo
Point Roberts, WA and Vancouver, BC - March 27, 2019 (Investorideas.com Newswire) 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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The #AI Eye: Volkswagen Group (FWB:VOW) Announces Agreement with AWS (NasdaqGS:AMZN) to Build Volkswagen Industrial Cloud and VSBLTY (CSE:VSBY) Demonstrates at Digital Signage Expo
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
U.S. Spending on AI in Aerospace to Outpace China by Around $1 Billion by 2025
A new report from Research and Markets finds that AI in Aerospace spending in China has increased to $160 million in 2018, and is projected to grow at a compound annual growth rate (CAGR) of 24.3 percent from 2019-2025, reaching 1.077 billion in 2025.
Another report from Research and Markets, however, shows that U.S. spending on AI in Aerospace will increase from $376 million in 2019 to $2.276 billion by 2025, at a compound annual growth rate of 27.2 percent.
Volkswagen Group Announces Agreement with AWS to Build Volkswagen Industrial Cloud and VSBLTY Demonstrates at Digital Signage Expo
Stocks discussed: (FWB:VOW) (NasdaqGS:AMZN) (CSE:VSBY)
Volkswagen Group (FWB:VOW) has announced a multi-year, global agreement with AWS, and Amazon (NasdaqGS:AMZN) company. Volkswagen will leverage the AWS portfolio of services, including IoT, machine learning, analytics, and compute services to build a cloud-based Industrial digital production platform called Volkswagen Industrial Cloud. Andy Jassy, CEO of AWS, said:
"Volkswagen's and AWS's collaboration will have a profound impact on efficiency and quality in production throughout Volkswagen's global supply chain, as Volkswagen gains access to the broadest and deepest cloud with the most functionality, the most innovation, the highest performance and security, and the largest community of partners and customers of any other infrastructure provider. We are tightly aligned across Volkswagen's businesses to help them reimagine the future of automobile manufacturing by taking advantage of all the benefits the cloud can deliver."
VSBLTY Groupe Technologies Corp. (CSE:VSBY), in collaboration with Peerless/AV, is presenting software, including industry-leading VisionCaptor and DataCaptor at the Digital Signage Expo (DSE) 2019 at the Las Vegas Convention Center. According to the press release, "VisionCaptor combines brilliantly executed motion graphics or interactive brand messaging on any digital display at point of customer contact with "first of its kind" FacialAnalytics". Jay Hutton, VSBLTY Co-Founder and CEO, said:
"Beyond simply signage, our technology-which uses artificial intelligence combined with machine learning-enables consumers to interact with the display, manipulate content, and engage in a rich, immersive experience through intuitive touch."
Sam Mowers, Investorideas.com
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