Going Mobile: AI Implementation in Smartphones and Apps; (NYSE: $BB) (OTCQB: $GOPH) (TSXV: $ALY) (NASDAQ: $INSG)
Point Roberts, WA and Vancouver, BC - April 5, 2019 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at artificial intelligence in the mobile market and apps.
Whether through image recognition, natural language processing (NLP) or digital assistants and chatbots, AI is increasingly becoming ubiquitous in mobile technology. A report from Zion Market Research projects that the global mobile AI market will reach $22.4 billion by 2024. One of the key domains for AI in the mobile market is app development. A story from Becoming Human outlines how app creators leverage AI for an array of jobs:
Developers begin to create AI-enabled systems that can effectively learn from past experience, discover meaning, and exhibit the ability to reason and have already started integrating this technology to perform certain specific tasks such as voice or handwriting recognition, computer search engines and performing medical diagnosis.
An example of the market response to AI adoption in the mobile industry is BlackBerry's (NYSE:BB) recent stock growth. As the Financial Post indicates, at least part of this growth, and the company's stronger-than-expected fourth quarter, can be traced to their $1.4 billion acquisition of California-based artificial intelligence and cybersecurity firm Cylance. The deal was closed just a week before the end of the quarter, which saw BlackBerry "exceed[ing] analyst revenue and profit estimates". Upon the acquisition of Cylance, BlackBerry Executive Chairman and CEO, John Chen said:
"Today BlackBerry took a giant step forward toward our goal of being the world's largest and most trusted AI-cybersecurity company. Securing endpoints and the data that flows between them is absolutely critical in today's hyperconnected world. By adding Cylance's technology to our arsenal of cybersecurity solutions we will help enterprises intelligently connect, protect and build secure endpoints that users can trust."
Gopher Protocol Inc. (OTCQB:GOPH), a developer of IoT and AI enabled mobile technology, recently released a mobile app of its Avant! AI platform for Android and iOS. Connected to the Avant! AI web application, the mobile app is an Artificial General Intelligence (AGI) designed for search and retrieval and is based on modern AI technologies including Deep Neural Network (DNN), vectorization and other advanced methodologies enabling usage for a wide variety of applications. Dr. Danny Rittman, Gopher Protocol's Chief Technology Officer explained that the app is set to expand its capabilities beyond the initial release:
"In the near future we'll enable more features for the application, including personal training capabilities. This feature will virtually enable users to create their own private, mobile data bank or a personal encyclopedia, with the system learning how to find the best result for each individual user."
Earlier this year, artificial intelligence company AnalytixInsight Inc.'s (TSXV:ALY) joint venture partner, leading Italian bank Intesa Sanpaolo, committed to a 2.8 million EUR investment in digital transformation over the next three years. Part of this includes a stock-trading app, Intesa Sanpaolo Investo, which was developed by Marketwall, a FinTech provider co-owned by AnalytixInsight. The press release highlights the importance of mobile apps in the digitization of the bank:
"Mobile is at the heart of the Bank's digital ecosystem: the "app constellation" that is centred on Intesa Sanpaolo Mobile, provides access to banking services, financing, savings and is enriched with the new Intesa Sanpaolo Investo app that enables customers to independently invest and monitor their assets."
Inseego Corp. (NasdaqGS:INSG), a pioneer in 5G and intelligent IoT device-to-cloud solutions, recently added the Skyus 300 and Skyus 500 gigabit edge routers as the latest additions to its Skyus industrial IoT (IIoT) portfolio. According to the press release, both routers are "purpose-built to futureproof and simplify complex deployments while lowering the total cost of connecting critical remote and mobile assets for industrial, public safety, transportation and infrastructure applications." Ashish Sharma, EVP of IoT & Mobile Solutions at Inseego commented:
"Today's industrial enterprise applications require more speed and bandwidth than ever before. Our new Skyus 300 and 500 edge routers meet that challenge with the latest Cat 18 LTE technology and allow our customers to operate securely and reliably in challenging industrial environments-with a return on investment unmatched by competing solutions."
Most mobile phone users are aware of AI implementation in the form of Siri for iOS, and Google Assistant for Android, but the technology is being leveraged in a wide range of uses in the industry. Whether it's cybersecurity as with BlackBerry's Cylance, AGI search and retrieval as with Gopher's Avant! or intelligent IoT application as with Inseego's Skyus routers, AI seems likely to continue to find new uses in the mobile market.
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