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The AI Eye: IBM (NYSE: IBM) and Yara International (OSE: YAR) to Create Digital Farming Platform, Baidu (NasdaqGS: BIDU) Signs Strategic Cooperation Agreement with Swiss Embassy for "Switzerland Mini Program"

 

Point Roberts, WA and Vancouver, BC - April 26, 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: IBM (NYSE: $IBM) and Yara International (OSE: YAR) to Create Digital Farming Platform, Baidu (NasdaqGS: $BIDU) Signs Strategic Cooperation Agreement with Swiss Embassy for "Switzerland Mini Program"

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Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

IBM (NYSE:IBM) and crop nutrition leader Yara International (OSE:YAR) have announced an agreement to create a digital farming platform. The platform will leverage artificial intelligence, machine learning and in-field data to provide digital services and generate agronomic advice. Luq Niazi, IBM Global Managing Director Consumer Industries, said:

"As demand for food rises along with the world's population, the digital farming platform will play a key role in increasing global farming yields in a sustainable way. The collaboration is a perfect symbiosis of IBM`s capabilities in AI, big data management and blockchain technology and Yara`s agronomic knowledge, farmer-centric digital innovation, and proven track record in improving farming across the globe."

Baidu, Inc. (NasdaqGS:BIDU) has signed a Joint Letter of Intent for strategic cooperation with the Embassy of Switzerland in China to launch the Switzerland Mini Program on Baidu App. Through the use of AI technology, the Switzerland Mini Program will provide information about the country, local insights about tourist attractions, visa information and other travel related services. Robin Li, Chairman and CEO of Baidu, said:

"Switzerland is known globally for innovation and creativity. The Switzerland Mini Program is the result of innovative collaboration between Baidu and Switzerland, and will serve as a new starting point for Chinese people to learn more about the country. In the future, I believe artificial intelligence will enable even more creative applications and allow users to enjoy premium experiences brought by technology."

Cheetah Mobile Inc. (NYSE:CMCM) and AI company OrionStar Technology Co. showcased the Cheetah GreetBot at the Hong Kong Electronics Fair. As its name suggests, the robot greeted attendees and introduced them to the company's CM Translator. Sheng Fu, Chairman and CEO of Cheetah Mobile, commented:

"Bringing Cheetah GreetBot to the Hong Kong Electronics Fair is a significant milestone in Cheetah Mobile's expansion to the AI-driven industrial internet space. We believe AI and robotics will upgrade every industry, so we are building a whole-body AI technology chain to lead the way forward with new products for businesses and direct to consumers."

Global AI in Fintech Market to Reach $5.67 Billion by 2024

A report from Research and Markets finds that the global AI in fintech market will grow from $1.44 billion in 2018 to $5.67 billion in 2024 with a compound annual growth rate (CAGR) of 26.21 percent in the forecast period 2019-2024. An excerpt from the report description reads:

The global AI in Fintech market can be categorized based on component, deployment mode, application and regional analysis. In the solution sub-segment, the software tools segment is anticipated to acquire the largest market share, as it helps to extract a large amount of data. Based on the deployment mode, the global AI in Fintech market is bifurcated into cloud and on-premise. The cloud segment is likely to register the highest CAGR in coming years, as it offers a wide range of solutions to cater to the AI in Fintech market. AI in Fintech caters to various applications such as virtual assistant (chat bot), business analytics & reporting, customer behavioral analytics and others. Business analytics and reporting is the leading segment in the global AI in Fintech market and is poised to grow at a high rate over the course of next five years, as it helps in the analysis of customer behavior.

Sam Mowers, Investorideas.com


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