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The AI Eye: Salesforce (NYSE: CRM) Report Reveals Impact of AI On Digital Shopping Revenue and Veritone (NasdaqCM: VERI) CEO to Deliver CES Keynote and AI Session

 

Point Roberts, WA and Vancouver, BC - January 10, 2020 (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: Salesforce (NYSE: $CRM) Report Reveals Impact of AI On Digital Shopping Revenue and Veritone (Nasdaq: $VERI) CEO to Deliver CES Keynote and AI Session

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

Salesforce Report Reveals Impact of AI On Digital Shopping Revenue and Veritone CEO to Deliver CES Keynote and AI Session

Stocks discussed: (NYSE:CRM) (NasdaqCM:VERI)

Salesforce (NYSE:CRM) released its 2019 Holiday Shopping Report, revealing that "10 percent of digital orders during the holiday season were powered by artificial intelligence". Overall, the report indicates an increase of 8 percent in digital spending over the 2019 shopping season, resulting in $723 billion in digital revenue worldwide. An excerpt from the press release looking at the impact of AI reads:

AI eliminates guesswork for shoppers: AI-powered search and product recommendations drove additional revenue for retailers this holiday season, as 10 percent of digital orders and 5 percent of digital revenue came from AI-powered recommendations.

Chad Steelberg, Chairman and CEO of Veritone, Inc. (NasdaqCM:VERI), is giving a keynote speech at the 2020 CES (Consumer Electronics Show) in Las Vegas and delivering a session titled: "Artificial Intelligence: Machine Learning and Mission," this morning. Steelberg said in the press release:

"Artificial intelligence is going to fundamentally reshape government operations and redefine the balance of power on a global scale. Data sovereignty, security and bias concerns often make AI-based solutions complex to deploy and present significant challenges to organizations, especially in the government sector. I am looking forward to discussing various AI deployment options through the Veritone aiWARE platform, enabling flexible and secure AI deployments at scale. In collaboration with our partners Deloitte, Microsoft and Oracle, the session will offer the audience a 360-degree view of today's AI solutions with practical insights into the future."

AI Market in Sports to See CAGR of 28.72% from 2020-2025

A report from Research and Markets finds that the AI Market in Sports is projected to exhibit a compound annual growth rate (CAGR) of 28.72 percent in the forecast period 2020 to 2025. An excerpt from the market overview outlines some ways AI is being leveraged in the market:

  • Data analyzed using artificial intelligence is being used to engage fans. Real-time insights generated through analysis of data during match time helps teams make changes to their strategies.
  • Chatbots and virtual assistants are being introduced to help the team to interact with fans regarding a variety of topics. Chatbots also engage with fans to provide information regarding ticket status, checking points, parking, and schedule.

Sam Mowers, Investorideas.com

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