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The AI Eye: IBM (NYSE: IBM) Joins I.AM+ for Ethical AI Adoption, Accenture (NYSE:ACN), Qualcomm (NasdaqGS: QCOM) and InterContinental Hotels (NYSE: IHG) Collaborate for Event Planning

HPE (NYSE:HPE) Selected by Zenuity for AI in Autonomous Driving Systems

 

Point Roberts, WA and Vancouver, BC - January 22, 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: IBM (NYSE: IBM) Joins I.AM+ for Ethical AI Adoption, Accenture (NYSE: ACN), Qualcomm (NasdaqGS: QCOM) and InterContinental Hotels (NYSE: IHG) Collaborate for Event Planning

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

Stocks discussed: (NYSE:IBM) (NYSE:ACN) (NasdaqGS:QCOM) (NYSE:IHG) (NYSE:HPE)

IBM (NYSE:IBM) has joined I.AM+, a tech company founded by musician and entrepreneur will.i.am (from the Black Eyed Peas) with the aim of accelerating ethical AI adoption. The collaboration will see the deployment of I.AM+'s Omega AI platform leveraging IBM's Red Hat OpenShift. will.i.am explained:

"Delivering AI solutions to industries like retail and entertainment, where personal data is everywhere, it was a top priority to find a cloud provider with deep roots in security, trust and transparency; we got that with IBM public cloud. Combined with Red Hat OpenShift, we have the right partners to help us scale the use of AI in a responsible and transparent way."

Accenture (NYSE:ACN) and Qualcomm Incorporated (NasdaqGS:QCOM) have announced a collaboration with InterContinental Hotels Group (NYSE:IHG) for a solution leveraging augmented and virtual reality to reinvent the event planning experience. The endeavor will see the use of the Accenture Extended Reality (XR) practice, which employs AI and IoT tech. Jeff Edwards, senior vice president, Global Hotel & Owner Solutions, InterContinental Hotels Group, explained:

"Collaborating with Accenture and Qualcomm Technologies on the XR Event Planner pilot has demonstrated the power of augmented and virtual reality technologies in hotels. This tool equips hotels, such as InterContinental Los Angeles Downtown, to close event sales even faster and increase productivity, while simultaneously helping clients experience event spaces without having to travel, in a new, dynamic way that brings the event to life during the planning process."

Hewlett Packard Enterprise Company (NYSE:HPE) has been selected by self-driving and assisted driving cars software developer Zenuity for its artificial intelligence (AI) and high-performance computing (HPC) infrastructure for autonomous driving systems. Antonio Neri, Chief Executive Officer, HPE, commented:

"The paradigm shift we've seen in the past few years has been remarkable, with autonomous vehicles presenting the biggest opportunity we've seen in decades to disrupt and revolutionize the automotive industry. To meet this challenge, optimizing the convergence of HPC, data analytics and artificial intelligence is vital."

Mobile AI Market to Reach $9.68 Billion by 2025

A report from Research and Markets finds that the Mobile Artificial Intelligence market will grow from $2.14 billion in 2019 to $9.68 billion in 2025 with a compound annual growth rate (CAGR) of 28.65 percent in the forecast period. An excerpt from the report description reads:

  • Rise of cognitive computing and the growing number of AI applications is driving the market. It is technologies like AI and ML that enable cognitive computing systems to analyze a tremendous volume of data and generate insights and use them as a learning experience to give optimized results. More and more industries and organizations are leveraging cognitive solutions to enhance their operations like data volume, insight generation, action planning and management, which increases productivity.
  • Premium pricing of AI processors is restraining the market. AI platform charges for training the models and for getting predictions with the high cost of the AI chip, which increase the cost of processors.

Sam Mowers, Investorideas.com

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