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The AI Eye: NICE Ltd. (NasdaqGS: NICE) Launching NEVA Unlimited Automation Package and BrainChip (ASX: BRN) to Showcase Akida Neuromorphic System-on-Chip at tinyML Summit

 

Point Roberts, WA and Vancouver, BC - February 7, 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: NICE Ltd. (NasdaqGS: NICE) Launching NEVA Unlimited Automation Package and BrainChip (ASX: BRN) to Showcase Akida Neuromorphic System-on-Chip at tinyML Summit

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

Stocks discussed: (NasdaqGS:NICE) (ASX:BRN)

NICE Ltd. (NasdaqGS:NICE) has announced the launch of its all-inclusive automation package, NEVA Unlimited. NEVA, which is described in the press release as "the world's first digital assistant designed with the employee in mind," boasts an "AI-driven interface," that "responds to voice or text communication from employees, offering real-time process guidance and next best action advice as well as executing multiple and varied tasks on their behalf." Barry Cooper, President, NICE Enterprise Group, explained:

"With NEVA Unlimited, NICE unlocks the full potential of the benefits that automation offers. By redefining the way commercial models are built in the industry, NICE provides transparency and simplicity that was previously unavailable. This unprecedented offering includes NICE's full set of robotic automation solutions and we believe it will accelerate the value automation brings to organizations and shorten time to ROI."

BrainChip Holdings Limited (ASX:BRN) has announced that it will be showcasing its Akida Neuromorphic System-on-Chip at the tinyML Summit at the Samsung Strategy & Innovation Center in San Jose, California February 12-13. Available as a licensable IP technology, the press release indicates that Akida "will be available as an integrated SoC, both suitable for applications such as surveillance, advanced driver assistance systems (ADAS), autonomous vehicles (AV), vision guided robotics, drones, augmented and virtual reality (AR/VR), acoustic analysis, and Industrial Internet-of-Things (IoT)." Louis DiNardo, CEO of BrainChip, commented:

"We look forward to having the opportunity to share the advancements we have made with our flexible neural processing technology in our Poster Session and Demonstration at the tinyML Summit. We recognize the growing need for low-power machine learning for emerging applications and architectures and have worked diligently to provide a solution that performs complex neural network training and inference for these systems. We believe that as a high-performance and ultra-power neural processor, Akida is ideally suited to be implemented at the Edge and IoT applications."

For more on BrainChip, please check out the Investorideas.com interview with the company's CEO Louis DiNardo from September, 2019.

APAC AI in Manufacturing to See 34.8% CAGR 2019-2025

A report from Research and Markets finds that the Asia-Pacific market for AI in Manufacturing will witness a compound annual growth rate (CAGR) of 34.8 percent in the forecast period 2019-2025. The following excerpts from the report description outline influences on market growth:

"Asia-Pacific region has a potential market due to the increasing R&D and investments by big pharmaceutical companies in life science research coupled with harnessing innovation, that spurs the growth of AI-based manufacturing in the healthcare industry. Further, the advancement in consumer electronics, growing automotive sales, and the significant growth of major emerging economies, such as China, India, Japan, and South Korea will further boost the growth of AI in manufacturing in these industries."

"India is the fastest-growing economy for AI in manufacturing in the Asia-Pacific region. Adoption of various government policies to drive AI innovation such as digital India, and proliferation in various sectors such as IT, healthcare, and consumer goods give a boost to the growth of the market."

Sam Mowers, Investorideas.com

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