The AI Eye: Baidu (NASDAQ: $BIDU) Launches Robotaxi Trials in Changsha and Nuance (NASDAQ: $NUAN) Wins Alconics Award for AI-Powered Biometrics Tech
Point Roberts, WA and Vancouver, BC - September 27, 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: Baidu (NASDAQ: $BIDU) Launches Robotaxi Trials in Changsha and Nuance (NASDAQ: $NUAN) Wins Alconics Award for AI-Powered Biometrics Tech
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:BIDU) (NasdaqGS:NUAN)
Baidu, Inc. (NasdaqGS:BIDU) has launched the Apollo Robotaxi in Changsha, Hunan province, with 45 self-driving taxis executing trial operations on the city's roads. The Robotaxis boast capabilities such as: "changing lanes based on road and traffic conditions, assessing the movement of nearby vehicles and employing automatic avoidance when encountering aggressive overtaking by other vehicles". Zhenyu Li, Vice President of Baidu and General Manager of its Intelligent Driving Group, explained:
"The robotaxi trial operations in Changsha demonstrate that the Apollo Robotaxi is progressing from research and development to a market reality, which will serve to provide rich feedback from real-world scenarios. Throughout the entire process, we have been and will always be committed to safety first and foremost. Intelligent driving is a great journey, and today marks a solid step forward. We will continue to work together with our partners with the aim of bringing a safer, more comfortable and more efficient autonomous driving experience to all."
Nuance Communications, Inc. (NasdaqGS:NUAN) has won Best Application of AI in Financial Services at the AIconics Awards presented by Forbes this week in San Francisco, for its AI-powered biometrics technology. Brett Beranek, General Manager and VP, Security Business, Nuance Enterprise, commented:
"Winning this AIconics Award is a testament to the ROI that our customers in the financial sector have been able to garner using our industry-leading biometrics technology. With the explosion of digital channels - such as mobile banking apps and websites - plus the continued use of traditional contact centers, financial services organizations of all sizes are faced with managing and securing an increasingly complex ecosystem. We thank the AIconics organization for recognizing our innovations, which have enabled a number of financial services organizations to successfully mitigate fraud and deliver positive financial and operational results."
Global AI Market to Reach $169.41 Billion USD by 2025
A report from Allied Market Research finds that the global AI market is projected to grow from $4.06 billion in 2016 to $169.41 billion in 2025, with a compound annual growth rate (CAGR) of 55.6 percent in the forecast period 2018 to 2025. An excerpt from the Analyst Review section of the report reads:
The global artificial intelligence market signifies a noteworthy growth due to the increase in deployments in the emerging countries such as India, China, and others. Further, adoption in diverse industry verticals owing to growth in need for analyzing and interpreting large amounts of data, as well as improved productivity, and increased customer satisfaction have propelled the growth of the AI market. However, lack of skilled workforce, particularly in the developing regions, can hinder the market growth to a certain extent.
Sam Mowers, Investorideas.com
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