The AI Eye: Sony (NYSE: $SNE), Intel (Nasdaq: $INTC) and NTT (OTC: $NTTYY) Create Forum to Accelerate Communication Infrastructure
Point Roberts, WA and Vancouver, BC - October 31, 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: Sony (NYSE: $SNE), Intel (Nasdaq: $INTC) and NTT (OTC: $NTTYY) Create Forum to Accelerate Communication Infrastructure, #artificialintelligence
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:SNE) (NasdaqGS:INTC) (OTC:NTTYY) (NasdaqGS:NICE)
Sony Corporation (NYSE:SNE), Intel Corporation (NasdaqGS:INTC), and Nippon Telegraph and Telephone Corporation (NTT) (OTC:NTTYY) have announced the joint creation of a new industry forum, called the Innovative Optical and Wireless Network (IOWN) Global Forum. The forum aims to "accelerate the adoption of a new communication infrastructure that will bring together an all photonics network infrastructure". This will include development of photonics R&D, distributed compute that will leverage "both artificial intelligence and workloads that will be dynamic and distributed", and use cases and best practices for a smart world and enabling technologies. Bob Swan, CEO, Intel Corporation, explained:
"Digital transformation and the growth of data is driving an infrastructure build-out that will dwarf the first era of the cloud defined by hyperscale data centers. We are using information technology now in completely new ways that demand we move, store and process data even faster, more securely and often closer to the person using the service. The combination of super-fast networking and pervasive high-performance computing - the edge infrastructure to deliver smart services anywhere, anytime - can only be achieved with a profoundly new mindset shared across a global ecosystem. The IOWN collaboration is an important step forward. A vision of this magnitude can only be achieved with global leaders across industries. Intel is honored to join forces with NTT and Sony in this industry-wide journey to help define the future of technology."
NICE Actimize, a subsidiary of NICE Ltd (NasdaqGS:NICE), was awarded Best Compliance RegTech Global by Capital Finance International (CFI) magazine for its Financial Markets Compliance business. According to the press release, NICE Actimize was recognized for its "advanced holistic surveillance solutions that utilize artificial intelligence, machine learning, natural language processing and other advanced technologies within its financial crime compliance solutions portfolio". Chris Wooten, EVP, NICE, commented:
"Once again, NICE Actimize's holistic surveillance solutions stand out as both innovative and for solving complex challenges as we lead the industry with AI-powered analytics and anomaly detection, and other next-generation surveillance capabilities. We appreciate the continued recognition from CFI.co on behalf of our advanced compliance and surveillance solutions, that address the recent regulatory changes around the world. Today's regulations not only mandate monitoring of all communications across an organization but also require that these rules are addressed quickly and accurately. We continue to invest in our compliance solutions, infusing them with machine learning and other advanced technologies with the goal of helping our clients meet the regulations of today as well as preparing them for the future."
Edge AI Software Market to Reach $1.986 Billion by 2026
A report from Maximize Market Research finds that the global Edge AI Software market is projected to grow from $346.3 million in 2017 to $1.986 billion by 2026 with a compound annual growth rate (CAGR) of 24.4 percent in the forecast period. An excerpt from the report summary describes the market and its key drivers:
Artificial intelligence (AI) processing today is generally done in a cloud-based data centre. The majority of AI processing is dominated by training of deep learning models, which needs heavy compute capacity. Edge AI processing currently is focused on moving the inference part of the AI workflow to the device, keeping data constrained to the device. There are various different reasons why AI processing is moving to the edge device, depending on the application. Security, cost, latency, privacy, & bandwidth all essential to being considered when evaluating cloud versus edge processing.
The major factors driving the market growth include the growing enterprise workloads on the cloud and rapid growth in the number of intelligent applications. The increasing adoption of edge AI software in autonomous vehicles' applications could offer growth opportunities for the AI edge software vendors in the market. In terms of data source, mobile data source segment is expected to grow at the highest rate throughout the forecast period, owing to the increasing demand to deploy edge AI software to analyze massive amounts of data generated by mobile devices.
Sam Mowers, Investorideas.com
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