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The AI Eye: Intel (NASDAQ: INTL) Awards $75K Prize for Machine Learning Tech and CEVA (NASDAQ: CEVA) Makes SLAM Platform Available for DSPs and AI Processors

 

Point Roberts, WA and Vancouver, BC - May 20, 2019 (Investorideas.com Newswire) Investorideas.com (www.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: Intel (NASDAQ: INTL) Awards $75K Prize for Machine Learning Tech and CEVA (NASDAQ: CEVA) Makes SLAM Platform Available for DSPs and AI Processors

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

Stocks discussed: (Nasdaq:INTC) (Nasdaq:CEVA)

Intel Corporation (NasdaqGS:INTC) has awarded a $75,000 prize to 16-year-old Krithik Ramesh of Greenwood Village, Colorado at the company’s International Science and Engineering Fair. Ramesh won the top prize for developing a machine learning technology for orthopedic surgeons. An excerpt from the press release explains the technology:

Using machine learning and computer vision, the project helps orthopedic surgeons achieve greater accuracy for screw placement during spinal surgery. Based on Ramesh’s tests, this method has the potential to decrease operating time by at least 30 minutes, reduce physical therapy recovery time by four weeks and diminish the negative side effects associated with traditional medical imaging. Ramesh received the $75,000 Gordon E. Moore Award, named in honor of the Intel co-founder and fellow scientist.

CEVA, Inc. (NasdaqGS:CEVA) has announced the availability of its SLAM (Simultaneous Localization and Mapping) software kit for its CEVA-XM family of intelligent vision DSPs and the NeuPro family of AI processors. Ilan Yona, vice president and general manager of the Vision Business Unit at CEVA, explained the significance of this announcement:

"SLAM is the underlying technology that enables high-accuracy 3D mapping of a device's surroundings. It is a key component for a broad range of emerging devices including AR/VR headsets, drones, robots and other autonomous machines. We have capitalized on our unique expertise in designing vision DSPs and software algorithms to streamline our customers' entry into the exciting, yet complex domain of 3D machine vision."

Global Automotive AI Market to Reach $8.8 Billion by 2025

A report from Allied Market Research finds that the global automotive AI market will grow from $445.8 million in 2017 to $8.88 billion in 2025, with a compound annual growth rate (CAGR) of 45 percent. An excerpt from the report overview reads:

Artificial intelligence (AI) is one of the most progressive technologies in computer science. It is associated with human intelligence through similar characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of the technology. In addition, the growth in automotive industry is expected to drive the automotive artificial intelligence market. Automotive industry has experienced the promise of artificial intelligence and is among the major industries using AI to augment and mimic the action of humans. Furthermore, emergence of standards such as advanced driver assistance system (ADAS), adaptive cruise control (ACC), blind spot alert, and growth in demand for convenience features attract automotive vendors towards AI.

Sam Mowers, Investorideas.com


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