The AI Eye: NVIDIA (Nasdaq: $NVDA) RTX Leveraged Across Software Market and Datametrex AI Selected to Be Tech Solution Provider for Two Lakes Group
Point Roberts, WA and Vancouver, BC - July 29, 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: NVIDIA (Nasdaq: $NVDA) RTX Leveraged Across Software Market and Datametrex AI Selected to Be Tech Solution Provider for Two Lakes Group
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NVDA) (TSXV:DM)
NVIDIA RTX technology, from NVIDIA Corporation (NasdaqGS:NVDA), is being leveraged across many applications from software developers, according to a press release today. NVIDIA RTX harnesses ray tracing and artificial intelligence technology. Greg Estes, vice president of corporate marketing and developer programs at NVIDIA, explained:
"Around the world, designers and artists, OEMs and software providers have embraced real-time ray tracing and AI acceleration as the new industry standard in product design and content creation. From RTX Studio laptops used by millions of creatives to data centers managed by global businesses, the power of NVIDIA RTX can be accessed from anywhere to design better products and produce richer, more immersive entertainment faster than ever."
Datametrex AI Limited (TSXV:DM) has been chosen by international consulting firm Two Lakes Group to be the latter's technology solution provider for projects in Africa. Andrew Ryu, CEO and Chairman of Datametrex, commented:
"We are thrilled to be chosen by Two Lakes Group as their solution provider for implementing technology solutions in Africa. Two Lakes Group passion for improving African countries and their reach to senior government officials is impressive. We look forward to providing our solutions and services to help drive growth in the countries Two Lakes Group secures contracts."
AI in BFSI to Hit $20 Billion by 2024
New research published by P&S Intelligence finds that the AI in BFSI (banking, financial services and insurance) market will grow from $3.09 billion in 2018 to $20 billion by 2024 with a compound annual growth rate (CAGR) of 37.2 percent in the forecast period. An excerpt from the report description reads:
[The] BFSI industry is leveraging advanced AI-based data analytics in order to combat fraudulent transactions and to improve compliance. AI technology has the potential to assist banks in becoming more efficient in detecting fraudulent activities. Further, AI algorithms are used for carrying out anti-laundering activities in [a] significantly less amount of time. Features such as AI bots, digital payment advisers and biometric fraud detection mechanisms lead to higher quality of services, to a wider customer-base. This further leads organizations to gain increased revenues, reduced costs, and a boost in operational profits.
Sam Mowers, Investorideas.com
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