The AI Eye: AWS Makes Amazon (NasdaqGS:AMZN) Personalize Generally Available and Baidu (NYSE:BIDU) Reveals Extent of Partnerships for DuerOS Apollo IoV Platform
Point Roberts, WA and Vancouver, BC - June 11, 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: AWS Makes Amazon (Nasdaq: $AMZN) Personalize Generally Available and Baidu (NYSE: $BIDU) Reveals Extent of Partnerships for DuerOS Apollo IoV Platform
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (NYSE:BIDU)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of its Amazon Personalize solution. Personalize allows users to leverage machine learning technology to "develop applications with a wide array of personalization use cases, including specific product recommendations, individualized search results, and customized direct marketing". Swami Sivasubramanian, Vice President of Machine Learning, Amazon Web Services, Inc., commented:
"We are excited to share with AWS customers the expertise we've developed during two decades of using machine learning to deliver great experiences on Amazon.com. Customers have been asking for Amazon Personalize, and we are eager to see how they implement these services to delight their own end users. And the best part is that these artificial intelligence services, like Amazon Personalize, do not require any machine learning experience to immediately train, tune, and deploy models to meet their business demands."
Baidu, Inc. (NYSE:BIDU) has partnered its DuerOS Apollo Internet of Vehicles (IoV) platform with over 60 automotive manufacturers across more than 300 car models, according to an announcement from the company at the CES Asia conference in Shanghai. Zhenyu Li, Vice President and General Manager of Baidu's Intelligent Driving Group, said:
"We are thrilled to become the trusted partner of so many leading automotive brands. We will accelerate our R&D progress, work with the industry to establish IoV standards, provide state-of-the-art IoV solutions to our automotive partners and support their evolution in the intelligent era."
Machine Learning in Middle East and Africa 2018-2023 to See 29.1% CAGR
A report from Kenneth Research finds that the Middle East and Africa machine learning market is projected to reach a $0.5 billion USD by 2023, with a compound annual growth rate (CAGR) of 29.1 percent in the forecast period 2018-2023. An excerpt from the report description identifies key growth factors:
The labour intensive sectors like retail and healthcare have taken up the use of machine learning to provide better consumer experiences. The urge for automation in these sectors is driving the machine learning market in the Middle East and Africa.
The high growth in the start-up culture with the government encouraging innovation has led them to make ample amount of investments in machine learning technologies, which in turn is driving the machine learning market.
Sam Mowers, Investorideas.com
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