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The AI Eye: Qualcomm (NASDAQ: $QCOM) Technologies Achieves Broad Support for Vision Intelligence Platforms and FICO (NYSE: $FICO) Named Category Leader for AI in Financial Services by Chartis Report


Point Roberts, WA and Vancouver, BC - April 12, 2019 ( Newswire), 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 #AIEye: Qualcomm (NASDAQ: $QCOM) Technologies Achieves Broad Support for Vision Intelligence Platforms and FICO (NYSE: $FICO) Named Category Leader for AI in Financial Services by Chartis Report

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Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in Qualcomm Technologies, a subsidiary of Qualcomm Incorporated (NasdaqGS:QCOM), has announced broad ecosystem support for the Qualcomm Vision Intelligence Platforms. The press release details several companies that have integrated the platforms to "deliver powerful computing for edge and on-device camera processing and machine learning, with exceptional thermal efficiency, across a wide range of IoT applications". Jeffery Torrance, vice president, business development, Qualcomm Technologies, Inc., said:

"Leveraging the power and security of our application processor technology, we are bringing our platform solutions together with a broad base of customers and building a camera ecosystem to drive the exciting evolution of connected, intelligent cameras. Today's cameras require superior connectivity and interoperability, powerful heterogeneous computing and AI capability and protections for security and privacy - all of which Qualcomm Technologies is uniquely suited to provide. New applications for vision intelligence are popping up almost daily, and we now have the ecosystem in place to make it easy for customers to bring differentiated technology to fruition more rapidly, with products that will further fuel the invention age in IoT."

FICO (NYSE:FICO) has been named a category leader in AI for financial services by Chartis Research in the latter's 2019 Market and Vendor Landscape Report. Last year, FICO had been named a category leader in the Chartis report on Enterprise Fraud. Stuart Wells, executive vice president and chief technology officer at FICO, said:

"A lot of companies talk about AI without delivering - in fact, a recent report by MMC Ventures found that 40 percent of European AI start-ups didn't actually have any AI. At FICO, we condense decades of banking experience into cloud-based machine learning applications that use the latest Big Data technologies. This Chartis report validates FICO's deep experience in AI solutions, which have been helping global banks prevent fraud and strengthen consumer loyalty since 1992. With 100+ patents related to machine learning and AI in our portfolio, we continue to lead the field for AI in financial services."

Global AI in Manufacturing to Reach $873.1 Million by 2025

Research from Market Insights Reports analyzes the global AI in manufacturing market from 2019 to 2025. According to Market Research Periodical, the market will grow from $133.7 million USD in 2019 to $873.1 million in 2025, with a compound annual growth rate (CAGR) of 30.7 percent. An excerpt from the report description reads:

Artificial intelligence technology is now making its way into manufacturing, and the machine-learning technology and pattern-recognition software at its core could hold the key to transforming factories of the near future. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

Sam Mowers,

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