The AI Eye: Nuance's (Nasdaq: $NUAN) China Auto Form to Demo New Automotive Innovations and iRobot (Nasdaq: $IRBT) Names New Chief Product Officer
Point Roberts, WA and Vancouver, BC - September 3, 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: Nuance's (Nasdaq: $NUAN) China Auto Form to Demo New Automotive Innovations and iRobot (Nasdaq: $IRBT) Names New Chief Product Officer
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NUAN) (NasdaqGS:IRBT)
Nuance Communications Inc. (NasdaqGS:NUAN) will host its 2019 China Auto Forum on September 4, 2019, in Shanghai with the theme Digital Transformation: the Engine of New Business Value. Forum attendees will see Nuance Automotive innovations including "an on-road demo of a fully customized mobility assistant platform built specifically for the Chinese market; ARK, a new, localized, turn-key voice AI solution" and more. Nuance Automotive, which powers AI in more than 280 million vehicles, will spin off from Nuance to become an independent, publicly-traded firm called Cerence, Inc. on October 1, 2019. Charles Kuai, Corporate Senior Vice President & President, Greater China Region, Nuance Communications, said:
"As we prepare to spin out from Nuance and create Cerence, this event is an important milestone for the business and our relationships across Greater China and the rest of the world. The automotive industry is undergoing a transformation from hardware- to software-focused vehicles as automakers apply greater focus on the in-car experience and services. I look forward to discussing this transformation with industry leaders and showcasing how our Automotive business brings unique value as we together navigate this changing landscape."
iRobot Corporation (NasdaqGS:IRBT) has named Keith Hartsfield as the company's new Chief Product Officer, a newly created position. Hartsfield recently served as vice president, Z Products at HP, where he was responsible for the multibillion-dollar Workstations product portfolio, which includes devices used for machine learning and artificial intelligence. Colin Angle, chairman and chief executive officer of iRobot, commented:
"Keith is a seasoned leader who brings a wealth of experience in consumer hardware, intelligent devices and software solutions. He understands the needs of the customer and how to effectively work across the business to develop successful go-to-market strategies on a global scale. We are excited to welcome Keith and his passion for product innovation to the iRobot team."
Global AI in Agriculture to Reach $2.42 Billion by 2025
A report from Verified Market Research finds that the global AI in Agriculture market will grow from $504.05 million in 2017 to $2.42 billion by 2025 with a compound annual growth rate (CAGR) of 11 percent in the forecast period 2017-2025. An excerpt from the report description reads:
The agricultural sector is rapidly adopting advanced technology such as Artificial Intelligence and machine learning in terms of both agricultural products and in-field farming techniques. Artificial intelligence is all set to revolutionize the future of farming with the help of drones, robots and intelligent monitoring systems, and driverless tractors. Artificial intelligence can help the farmers in producing more food from the land while using fewer resources. It offers benefits such as disease detection, crop readiness identification, health monitoring of crops, field management: and identification of optimal mix for agronomic products.
Increasing population, growing demand for agricultural production, rising adoption of information technology systems, increasing consumption as well as growth initiatives by governments supporting the adoption of modern agricultural techniques have been driving the global AI in Agriculture market. While high implementation costs, data security issues, and lack of understanding of end users in AI in agriculture act a potential restraint for the overall market at a global level.
Sam Mowers, Investorideas.com
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