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The AI Eye: Microsoft (NasdaqGS: $MSFT) Announces AI and Cloud Alliance with NBA, Transports Vervaeke Selects Mist Platform from Juniper Networks (NYSE: $JNPR) for Digital Transformation

 

Point Roberts, WA and Vancouver, BC - April 17, 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: Microsoft: (NasdaqGS: $MSFT) Announces AI and Cloud Alliance with NBA, Transports Vervaeke Selects Mist Platform from Juniper Networks (NYSE: $JNPR) for Digital Transformation

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

Stocks discussed: (NasdaqGS:MSFT) (NYSE:JNPR)

Microsoft (NasdaqGS:MSFT) has announced a new multiyear alliance with the National Basketball Association (NBA), wherein the former will become the Official Artificial Intelligence Partner and an Official Cloud and Laptop Partner for the latter, as well as the Women's National Basketball Association (WNBA), NBA G League, and USA Basketball starting with the 2020-2021 season. The alliance will see Microsoft and NBA Digital "create a new, innovative, direct-to-consumer platform on Microsoft Azure that will use machine learning and artificial intelligence to deliver next-generation, personalized game broadcasts and other content offerings as well as integrate the NBA's various products and services from across its business." Satya Nadella, CEO, Microsoft, said:

"We are thrilled to serve as the official AI partner of the NBA. Together, we'll bring fans closer to the game and players they love with new personalized experiences powered by Microsoft Azure."

International chemical and fuel logistics provider Transports Vervaeke has selected the Wireless LAN (WLAN) platform from Mist Systems, a subsidiary of Juniper Networks, Inc. (NYSE:JNPR), to improve their operations and employee efficiency. Mario De Smedt, IT Manager, Transports Vervaeke, explained:

"We are in the midst of a full digitalization of our company and we have made a lot of progress around our processes and information flows to ensure smooth operations and continued growth. With Mist's AI-driven solution, we can revolutionize our operational environment, deliver a better experience for our employees and optimize our business processes."

Global AI Wearable AI Market to Reach $38.3 Billion by 2025

Research published by Report Linker finds that the global Wearable AI market is projected to reach $38.3 billion by 2025 with a compound annual growth rate (CAGR) of 20.2 percent in the forecast period 2019-2025. An excerpt from the report summary outlines the market growth:

[The] Wearable AI market has been witnessing exponential growth due to a growing proliferation of emerging technologies, including AI and 5G smartphone penetration. Smartphones are commonly used for storing and analyzing data obtained from wearable devices. The rapid growth of the smartphone industry has increased the production of android & IoT-enabled responsive and user-friendly applications for wearable devices. Other factors that drive market growth include rapid urbanization and increasing disposable incomes in developing economies, which determine future trends in wearable technology.

Sam Mowers, Investorideas.com

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