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The AI Eye: Microsoft (Nasdaq: MSFT), Baker Hughes (NYSE: BKR) and C3.ai Form Alliance to Bring Enterprise AI to Energy Industry

NVIDIA (NasdaqGS:NVDA) Introduces GPU-Accelerated Supercomputer to Microsoft Azure, AWS (Nasdaq:AMZN) and Salesforce (NYSE:CRM) Expand Strategic Partnership

 

Point Roberts, WA and Vancouver, BC - November 19, 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: Microsoft (Nasdaq: MSFT), Baker Hughes (NYSE: BKR) and C3.ai Form Alliance to Bring Enterprise AI to Energy Industry

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:MSFT) (NYSE:BKR) (NasdaqGS:NVDA) (NasdaqGS:AMZN) (NYSE:CRM)

Microsoft (NasdaqGS:MSFT), Baker Hughes Company (NYSE:BKR) and AI software provider C3.ai, have allied to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure. According to the press release, the alliance "leverages the significant energy technology expertise of Baker Hughes, C3.ai's proven AI platform and applications, and the Microsoft Azure cloud computing platform" to "streamline the adoption of scalable AI solutions for the energy industry that help promote safety, reliability, and sustainability". Thomas M. Siebel, CEO, C3.ai, explained:

"We are witnessing a massive market shift as oil and gas businesses undergo enterprise-level digital transformation to improve efficiencies and increase safety, while simultaneously reducing environmental impact. With Microsoft's global reach and horizontal cloud platform, Baker Hughes's technology domain expertise, and C3.ai's industrial AI capabilities, organizations can rapidly improve core business operations and better serve customers with AI-enabled products and services. This strategic alliance is a complete game-changer for the industry."

NVIDIA Corporation (NasdaqGS:NVDA) has announced the availability of a new kind of GPU-accelerated supercomputer in the cloud on Microsoft Azure intended for "the most demanding AI and high performance computing applications". Girish Bablani, corporate vice president of Azure Compute at Microsoft Corp., commented:

"As cloud computing gains momentum everywhere, customers are seeking more powerful services. Working with NVIDIA, Microsoft is giving customers instant access to a level of supercomputing power that was previously unimaginable, enabling a new era of innovation."

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), and Salesforce (NYSE:CRM) are expanding their global strategic partnership. Part of this involves Salesforce's new Service Voice Cloud integrating Amazon Connect, the latter of which provides "powerful AI-powered speech analytics" directly to call centre agents through the former. Bret Taylor, President and Chief Product Officer, Salesforce, commented:

"Salesforce's growing partnership with AWS is fueled by a shared commitment to customer success. Together, we're making it easier for companies to deploy powerful AI and voice technologies to deliver smarter and faster customer service experiences. And with AWS content now on Trailhead, we are creating a path for everyone to skill up for the jobs of today and tomorrow."

Global AI in Retail Market to Reach $15.3 Billion by 2025

A report from Meticulous Research finds that the global AI in Retail market is projected to reach $15.3 billion by 2025 with a compound annual growth rate (CAGR) of 35.9 percent in the forecast period 2019-2025. An excerpt from the report description reads:

Today, in the new digital society, digital co-creation, and artificial intelligence in retail are becoming a dynamic business norms. The adoption of artificial intelligence in retail is transforming the industry in a new era of how companies track their operations to augment business strategies, provide better outcomes, and engage with customers in the digital world. The growth of the global artificial intelligence in retail market is driven by factors, such as perpetually growing internet users and smart devices, increasing awareness about AI and big data & analytics, and government initiatives towards digitization. Furthermore, adoption of multichannel or omnichannel retailing strategy, untapped opportunities to increase sales efficiency, enterprises' demands for streamlining business process, growing need to enhance end-user experience and to take advantage of market dynamics are also contributing to the growth of the global artificial intelligence in retail market.

Sam Mowers, Investorideas.com

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