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The AI Eye: ALCF Expand HPC Storage Capacity Ahead of HPE (NYSE: HPE) and Intel (Nasdaq: INTC) Powered Exascale Supercomputer

Wipro (NYSE:WIT) Announces Strategic Alliance with Smart Energy Water

 

Point Roberts, WA and Vancouver, BC - January 31, 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: ALCF Expand HPC Storage Capacity Ahead of HPE (NYSE: HPE) and Intel (Nasdaq: INTC) Powered Exascale Supercomputer

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

Stocks discussed: (NYSE:HPE) (NasdaqGS:INTC) (NYSE:WIT)

Hewlett Packard Enterprise Company (NYSE:HPE), alongside the U.S. Department of Energy's Argonne Leadership Computing Facility (ALCF), have announced the latter's deployment of the Cray ClusterStor E1000 storage system. According to the press release, the deployment "advances storage capacity" for "workloads that require converged modeling, simulation, artificial intelligence (AI) and analytics workloads, in preparation for Aurora, ALCF's forthcoming exascale supercomputer, powered by HPE and Intel (NasdaqGS:INTC)." Peter Ungaro, senior vice president and general manager, HPC and AI, at HPE, explained:

"ALCF is leveraging Exascale Era technologies by deploying infrastructure required for converged workloads in modeling, simulation, AI and analytics. Our recent introduction of the Cray ClusterStor E1000 is delivering ALCF unmatched scalability and performance to meet next-generation HPC storage needs to support emerging, data-intensive workloads. We look forward to continuing our collaboration with ALCF and empowering its research community to unlock new value."

Both HPE and Intel stocks are about three percent in the red today as the stock market more broadly is taking a downturn. A report from CNBC indicates that the drop in both the Dow and S&P 500, each down more than one percent, is a result of an earlier announcement from Delta and American Airlines that "they had suspended flights between China and the U.S. due to the coronavirus."

Wipro Limited (NYSE:WIT) announced a multi-year global strategic alliance with Smart Energy Water (SEW) with the goal of providing solutions to accelerate digital transformation for enterprise clients in the global utilities space. The joint offerings, according to the press release, are "built on SEW's industry-leading digital Customer Experience (CX), Workforce Engagement, Internet of Things (IoT), Artificial Intelligence (AI) Machine Learning (ML) and Big data analytics platforms." N.S. Bala, President and Global Head, Energy, Natural Resources, Utilities & Construction, Wipro Limited, commented:

"The Wipro-SEW partnership is key to our Utilities marketplace as clients seek to provide enhanced experience for their customers and workforce. We will leverage our rich industry expertise, domain-specific knowledge and SEW's products with its analytics capabilities, to help fulfill the digital transformation agenda of our Utilities clients."

Wipro is no exemption from the downtrend that affected HPE and Intel today. In addition to the coronavirus concerns, today saw the resignation of Wipro CEO & Managing Director Abidali Z Neemuchwala, which may have had a negative impact on the stock.

Global AI in Security to Pass $24 Billion by 2025

A report from Adroit Market Research finds that the global AI in Security market will exceed $24 billion USD by 2025. An excerpt from the report's Analyst Commentary section reads:

Various major players operating in the Information & Communication Technology (ICT) sector are investing heavily in R&D of artificial intelligence (AI) and machine learning (ML) technologies, as the demand from large as well as small & medium enterprises is rising for AI-enabled solutions. Moreover, many organizations are deploying surveillance cameras to monitor premises and surroundings, therefore, adopting continuous monitoring policies. In turn, with such continuous monitoring, organizations security teams have to deal with huge quantities of operational data which further creates inefficiency for the other business processes. Hence, cybersecurity professionals and organizations are adopting AI and ML-enabled security solutions to deal with such issues.

Sam Mowers, Investorideas.com

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