The AI Eye: NICE (NASDAQ: $NICE) Actimize Launches CDD-X and Nuance (NASDAQ: $NUAN) Partners with MG Motor- Implements Conversational AI in Internet-Enabled Car
Point Roberts, WA and Vancouver, BC - April 15, 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.
Listen to today's podcast:
The #AI Eye: NICE (NASDAQ: $NICE) Actimize Launches CDD-X and Nuance (NASDAQ: $NUAN) Partners with MG Motor - Implements Conversational AI in Internet-Enabled Car
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced the launch of CDD-X, a Know Your Customer/Customer Due Diligence (KYC/CDD) solution. CDD-X leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Craig Costigan, CEO, NICE Actimize, said:
"NICE Actimize's CDD-X is a game changer, helping organizations bring relief to what is currently a massive spend, while improving accuracy when assessing customer risk. A robust AML program starts with a strong KYC/CDD process. Regulatory agencies across the globe are encouraging financial institutions to explore technology innovations incorporating AI and machine learning to improve their compliance programs, and CDD-X is a good place to start in any journey to stronger, more cost-effective AML compliance."
Nuance Communications, Inc. (NasdaqGS:NUAN) has partnered with MG Motor to bring the former's conversational AI-powered mobility assistant to the latter's vehicles. This will start with MG's internet-enabled car Hector, which features the iSMART Next Gen connected mobility platform, allowing drivers to control their car using their voice. Rajeev Chaba, President & Managing Director, MG Motor India, commented:
"The MG Hector is the first of its kind in India and will be one of the leaders in a new era of connected cars across the globe. As we work to build a seamless, future-forward experience for MG drivers and passengers, an AI-powered, voice-enabled assistant solution is critical. With their expertise in AI-powered voice solutions, we are proud to have Nuance as our strategic partner."
Edge AI Hardware Market to See 20.64% CAGR from 2019 to 2024
Research from Report Linker finds that the Edge AI hardware market is projected to see shipments of 610 million units in 2019, which will then grow to 1559.3 million units by 2024 with a compound annual growth rate (CAGR) of 20.64 percent in that forecast period. An excerpt from the report summary reads:
Major drivers for the market's growth are growing demand for low latency and real-time processing on edge devices and emergence of AI coprocessors for edge computing. Further, underlying opportunities for the edge AI hardware market include growing demand for edge computing in IoT and dedicated AI processors for on-device image analytics. Major restraints for the market are limited on-device training and limited number of AI experts. Power consumption and size constraint pose major challenges to the edge AI hardware market.
Sam Mowers, Investorideas.com
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:
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/
Global investors must adhere to regulations of each country.
The AI Eye -Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
800 665 0411