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The AI Eye: Equinix (NasdaqGS: EQIX) Leveraging Oracle (NYSE: ORCL) Exadata, Oracle Database to Power Data Center and Interconnection Platform

AI Startup Simporter Enters Subscription Agreement with PVH Corp. (NYSE: PVH)

 

Point Roberts, WA and Vancouver, BC - February 11, 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: Equinix (NasdaqGS: EQIX) Leveraging Oracle (NYSE: ORCL) Exadata, Oracle Database to Power Data Center and Interconnection Platform

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

Stocks discussed: (NasdaqGS:EQIX) (NYSE:ORCL) (NYSE:PVH)

A press release today indicates that multinational internet and data connection giant Equinix, Inc. (NasdaqGS:EQIX), is leveraging Oracle Exadata and Oracle Database - from Oracle Corporation (NYSE:ORCL) - "to help power one of the most dynamic data center and global interconnection platforms in the world." With the selection of Oracle Exadata, "Equinix is achieving up to 24X in estimated greater performance for complex database queries, 4X faster analytics, and 3X faster data replication," according to the announcement. Additionally, Equinix has "benefitted from net incremental capabilities as a result of Oracle co-engineering, including Automatic Indexing, AI-based Cloud-Scale Performance Management and Hybrid Columnar Compression." Juan Loaiza, executive vice president, Mission-Critical Database Technologies, Oracle, commented:

"It's a strong validation of our strategy to see Equinix, one of the world's largest providers of interconnected data centers, relying on Oracle Exadata to ensure its customers benefit from superior cloud and infrastructure performance on a 24/7 basis, no matter where they are in the world. Oracle Exadata powers the Oracle Autonomous Database, Exadata Cloud Service, and Gen 2 Exadata Cloud at Customer, and is the premiere platform for running Oracle Database workloads in the cloud and on-premises."

AI startup Simporter, Inc. has entered a subscription agreement for its software with clothing and fashion giant PVH Corp. (NYSE:PVH). Simporter's software leverages AI to forecast consumer demand, positioning companies as "first movers" in their respective market. Tim Hall, Simporter's CEO and cofounder, commented:

"Supporting PVH's initiatives for their portfolio of iconic brands like CALVIN KLEIN, TOMMY HILFIGER, Warner, and others is an exciting opportunity."

Dillon Hall, Simporter's COO and co-founder, said:

"PVH Corp.'s embrace of technology to meet the ever-evolving needs of consumers is impressive. Using our A.I. platform helps them move nimbly to achieve their business goals."

White House Report Confirms Ramp-up in AI R&D Funding

Following yesterday's news anticipating President Trump's 2021 budget proposal and its projected allocations to AI, an official report from The White House has confirmed and expanded on those figures. The report opens with:

In a time of great power competition, President Trump's FY 2021 Budget puts America in position to maintain its global leadership in science and technology for generations to come.

Among the highlights from the budget are a doubling of "R&D spending in nondefense artificial intelligence (AI) and quantum information science (QIS) by 2022," which will result in "spending for AI R&D and interdisciplinary research institutes at the National Science Foundation to more than $830 million, which represents a more than 70 percent increase over the FY 2020 budget."

Yesterday's news did not have any projections for AI funding in Defense, but today's official report provided the following outline:

In regards to Defense AI R&D, DARPA [Defense Advanced Research Projects Agency] is investing $459 million in AI R&D, an increase of $50 million from FY 2020, and the Department of Defense's Joint AI Center is increasing its budget from $242 million in FY 2020 to $290 million in FY 2021.

Sam Mowers, Investorideas.com

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