The AI Eye: Microsoft (Nasdaq: MSFT) and KKBOX Group Announce Global Strategic Partnership and Hitachi Acquires JR Automation
Point Roberts, WA and Vancouver, BC - December 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: Microsoft (Nasdaq: MSFT) and KKBOX Group Announce Global Strategic Partnership and Hitachi Acquires JR Automation
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:MSFT) (TYO:9433) (OTC:HTHIY)
Microsoft (NasdaqGS:MSFT) Taiwan and media technology company, KKBOX Group, a subsidiary of Japanese telecom firm KDDI Corporation (TYO:9433), recently announced the launch of a global strategic partnership. The following excerpt outlines how the collaboration will utilize AI for new developments:
KKBOX will leverage Microsoft AI technology to build an AI-assisted music arrangement system and an AI-assisted lyric generator. In addition, the group will create a predictive model that uses data and AI to forecast the commercial success of a song. KKBOX and Microsoft believe that the digital entertainment industry is facing a transformation and must use technology to make content faster and smoother for users and to use a data-driven approach to create personalized services. AI will become the most important advancement in this transformation. KKBOX is one of the world's earliest legal music streaming platforms, providing services since 2005. It has successfully changed consumer listening behavior, and the music industry's business model is changing accordingly. KKBOX Group and Microsoft aim to leverage AI to explore new opportunities, create new trends and transform the entertainment market.
Hitachi, Ltd. (OTC:HTHIY) has completed the acquisition of the robotic SI business mainly operated by JR Automation from funds managed by Crestview Partners. According to the press release, the acquisition will "strengthen and accelerate the partnership and help quickly pair JR Automation's global strengths in robotic system integration with Hitachi's deep skillsets in artificial intelligence and IoT solutions for manufacturing". Masakazu Aoki, Executive Vice President and Executive Officer of Hitachi, commented:
"With JR Automation's robotic system integration capabilities, combined with Hitachi's digital solutions and technologies, we can provide customers with new, unparalleled value by connecting the whole process. We can now provide our customers with seamless solutions, connecting the entire value chain with data to achieve total optimization."
North America AI in Fashion Market to Reach $2.254 Billion by 2027
Research from ReportLinker finds that the North American AI in Fashion market will grow from $128.7 million in 2018 to $2.254 billion in 2027 with a compound annual growth rate (CAGR) of 37.9 percent in the forecast period. An excerpt from the report summary outlines the application of AI in fashion markets:
...AI technology in apparel manufacturing can be used for several processes, including fiber grading, yarn properties estimation, fabric fault analysis, as well as dye recipe prediction. In the supply chain, AI-based models can be utilized to integrate and share information at any point in supply chain management.
A number of AI approaches can be applied in supply chain planning, demand forecasting, optimization of the network, managing the logistics, sample management, inventory management; as well as inventory replenishment.
Sam Mowers, Investorideas.com
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