The AI Eye: Episode 318 - VSBLTY Partners with KLA Laboratories and CEVA (NasdaqGS: $CEVA) Announces DSP and WhisPro Support for TensorFlow Lite for Microcontrollers
Point Roberts, WA and Vancouver, BC - March 25, 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: Episode 318 - VSBLTY Partners with KLA Laboratories and CEVA (NasdaqGS: $CEVA) Announces DSP and WhisPro Support for TensorFlow Lite for Microcontrollers
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:CEVA)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) is partnering with KLA Laboratories, Inc. in the KLArity Ecosystem Partners Platform. The press release explains that the Platform "was created to enable KLA to help their customers navigate the landscape of emerging technologies and the integration of those solutions in their respective environments and facilities." VSBLTY Co-founder and CEO, Jay Hutton, commented:
"Our entire team is excited to partner with industry leader KLA Laboratories, whose solutions enable their customers to stay ahead of the curve as the technology world advances at an ever-increasing pace. KLA Laboratories is an industry lead player in the development, deployment and management of complex arena systems dedicated to audio visual, digital display and advanced analytics. They are the perfect partner for us as we expand our footprint into these markets."
Shawn Kuzmin, KLA Vice President of Arenas & Venues, said:
"We are excited to be partnering with VSBLTY as they have a unique platform that delivers guest experience enhancement, audience measurement and security applications while providing an easy way to achieve ROI or revenue offset. We see it as a valuable addition to our KLArity Ecosystem Partners Platform and to the partners we serve. Our clients have been asking for a way to monetize new technologies to offset costs and-with VSBLTY-we are confident that we've found the right partner."
CEVA, Inc. (NasdaqGS:CEVA) has announced that its CEVA-BX DSP cores and WhisPro speech recognition software now support TensorFlow Lite for Microcontrollers, described as "a production ready, cross-platform framework for deploying tiny machine learning on power-efficient processors in edge devices." Erez Bar-Niv, CTO, CEVA, explained:
"The increasing demand for on-device AI to augment contextual awareness and conversational AI workloads poses new challenges to the cost, performance and power efficiency of intelligent devices. TensorFlow Lite for Microcontrollers dramatically simplifies the development of these devices, by providing a lean framework to deploy machine learning models on resource-constrained processors. With full optimization of this framework for our CEVA-BX DSPs and our WhisPro speech recognition models, we are lowering the entry barrier for SoC companies and OEMs to add intelligent sensing to their devices."
Global AI in Social Media Market to Grow by $1.67 Billion from 2019-2023
A report from Technavio finds that the global AI in Social Media market will grow by $1.67 billion from 2019 to 2023 while decelerating at a compound annual growth rate (CAGR) of more than 30 percent. An excerpt from the report snapshot provides an outline of the market:
The growing demand for data integration and visual analytics is driving artificial intelligence in the social media market. The need for data integration and visual analytics solutions is rising due to the complexity involved in the deployment and maintenance of reliable data interfaces and the generation of vast volumes of data across various end-user industries. This is encouraging the adoption of artificial intelligence in social media as it facilitates real-time analysis, help in effective decision making, and enables enterprises to bridge the gap between IT and businesses. Moreover, the demand for artificial intelligence in social media is also increasing because it helps in monitoring, transforming, analyzing, interpreting data and link multiple enterprise systems of end-users with the web and cloud-based applications.
The concept of smart homes is increasing as customers' needs are changing, and they are focusing more on convenience through the use of electronic devices. This increases the demand for artificial intelligence in social media since it is used in home appliances to predict consumer preferences, which are based on historical data. Moreover, artificial intelligence in social media also helps make transportation smarter, urban planning optimal, and cities safer, which increases its use in smart cities. Thus, the growing demand for data integration and visual analytics coupled with the increasing demand for smart homes and the development of smart cities are factors that will drive artificial intelligence in the social media market. The market is projected to register a CAGR of more than 30% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in year-over-year growth.
Sam Mowers, Investorideas.com
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