The AI Eye: VSBLTY (CSE: VSBY) Upgraded Website Demonstrates Intersection of Marketing & Security, IBM (NYSE: IBM) Chosen by Regions Bank (NYSE: RF) for AI Tech and Hitachi (OTC: HTHIY) to Acquire JR Automation Technologies
Point Roberts, WA and Vancouver, BC - April 25, 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: VSBLTY (CSE: $VSBY.C) Upgraded Website Demonstrates "Intersection of Marketing & Security", IBM (NYSE:$IBM) Chosen by Regions Bank (NYSE: $RF) for AI Tech and Hitachi (OTC: HTHIY) to Acquire JR Automation Technologies
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (Frankfurt:5VS) (NYSE:IBM) (NYSE:RF) (OTC:HTHIY)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (Frankfurt: 5VS) has launched a new upgraded website at vsblty.net that focuses on the "Intersection of Marketing & Security". Commenting on the new site, VSBLTY Co-Founder and CEO Jay Hutton said:
"Our website shows how our digital display solutions are transforming public spaces and providing actionable marketing insights. In addition, VSBLTY Vector™, our disruptive software module that can detect 'persons of interest' as well as any type of weapon, is significantly enhancing security in airports, transit hubs, as well as at casinos and sports & entertainment venues, all while brand advertising is offsetting the cost."
Regions Bank, a subsidiary of Regions Financial Corporation (NYSE:RF), has chosen IBM (NYSE:IBM) to improve customer service and assist its bankers using the latter's AI technology. Beth Smith, General Manager, IBM Watson AI, commented:
"The use of artificial intelligence among banks continues to rise, helping financial institutions make better use of vast amounts of data, analyze patterns, evaluate risks and improve customer service. Regions Bank is focused on improving customer and associate relationships and Watson will help them continue to provide a great customer experience."
Hitachi, Ltd. (OTC:HTHIY) has entered a definitive agreement with equity firm Crestview Partners to acquire the latter's JR Automation Technologies for $1.425 billion. JR Automation is a provider of intelligent automated manufacturing and technology solutions. Bryan Jones, CEO of JR Automation, said:
"We are very excited to partner with Hitachi to take this next step in the company's evolution. With our combined capabilities, Hitachi and JR will be a uniquely qualified global leader in next generation smart manufacturing, and this partnership will enable us to continue to drive tangible value creation for our customers through innovative custom solutions."
Global AI Chip Market to Hit $83.252 Billion by 2027
A new report from The Insight Partners finds that the global AI chip market will grow from $5.658 billion in 2018 to $83.252 billion by 2027 with a compound annual growth rate (CAGR) of 35 percent in the forecast period 2019-2027. An excerpt from the report description reads:
With the availability of enormous amount of data and vast scalability of cloud-based compute power, artificial intelligence has become a huge trend across industries in these past few years. In today's digital world, information is the key for enterprises to be successful and to maintain sustainable growth. Most industries especially service sector rely deeply on analytics to provide them with useful business insights and enable them to remain competitive in the market. Enterprises have been continuously automating their business processes that were earlier conducted either programmatically or manually. With advancements in AI chips and introduction of application-specific custom chips, enterprises now have the capability to collect real-time analytics and to transform their data into actionable insights. There are numerous use cases available in the market of AI being successfully implemented across industry verticals. The rising adoption of artificial intelligence among North American countries is set to nurture the artificial intelligence chip market in this region during the forecast period.
Sam Mowers, Investorideas.com
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