The AI Eye: Intel (Nasdaq: INTC) Acquires Habana Labs, Accenture (NYSE: ACN) to Acquire Clarity Insights and Honeywell (NYSE: HON) Acquires Rebellion Photonics
Point Roberts, WA and Vancouver, BC - December 17, 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: Intel (Nasdaq: INTC) Acquires Habana Labs, Accenture (NYSE: ACN) to Acquire Clarity Insights and Honeywell (NYSE: HON) Acquires Rebellion Photonics
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:INTC) (NYSE:ACN) (NYSE:HON)
Intel Corporation (NasdaqGS:INTC) has acquired Israel-based Habana Labs - a developer of programmable deep learning accelerators for data centers - for approximately $2 billion. According to the press release, the acquisition "strengthens Intel's artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market, which Intel expects to be greater than $25 billion by 2024". Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel, commented:
"This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need - from the intelligent edge to the data center. More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads."
Accenture (NYSE:ACN) has entered into an agreement to acquire Clarity Insights, described in the press release as "a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise". Athina Kanioura, chief analytics officer and global lead for Applied Intelligence at Accenture, explained:
"Clarity Insights's combination of strong technical talent, combined with deep industry expertise, will fortify and broaden our ability to help our clients scale AI across their businesses. Their focus on insight-driven transformation for healthcare bolsters Accenture's capabilities and is particularly critical now, when our research shows that 87% of healthcare executives surveyed report that they know how to pilot, but struggle to scale AI across their business."
Honeywell International, Inc. (NYSE:HON) has acquired Rebellion Photonics, "a Houston-based provider of innovative, intelligent, visual gas monitoring solutions that maximize safety, operational performance, emissions mitigation and compliance in the oil and gas, petrochemical and power industries". John Waldron, president and CEO of Honeywell Safety and Productivity Solutions, commented:
"To rapidly respond to a gas leak and keep their facilities safe, oil and gas, petrochemical and power companies are deploying Rebellion Photonics' next generation visual monitoring technology powered by machine learning. This acquisition complements Honeywell's strong portfolio of process technologies, automation and gas detection solutions and accelerates our transformation to a software-industrial company. Rebellion's employees share our mission of helping keep workers healthy and safe on the job while reducing the environmental impacts of gas emissions."
Embedded AI in Support of IoT to Reach $4.6 Billion Globally by 2024
A recently-released report from Research and Markets looks at the growth of AI in Big Data, Data as a Service (DaaS), and AI Support IoT (AIoT), finding that Embedded AI in support of IoT Things/Objects will reach $4.6 billion globally by 2024. Another highlight from the research is the finding that "AI in industrial machines will reach $415M globally by 2024 with collaborative robot growth at 42.5% CAGR". An excerpt from the report description reads:
The convergence of AI and IoT technologies and solutions (AIoT) is leading to "thinking" networks and systems that are becoming increasingly more capable of solving a wide range of problems across a diverse number of industry verticals. AI adds value to IoT through machine learning and improved decision making. IoT adds value to AI through connectivity, signaling, and data exchange.
Sam Mowers, Investorideas.com
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