Investorideas.com

Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411


Share on StockTwits

The AI Eye: AWS (NasdaqGS: $AMZN) Launches South Africa Region and LG CNS Introduces "Face Recognition Community Currency" System

 

Point Roberts, WA and Vancouver, BC - April 24, 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.

Listen to today's podcast:

https://www.investorideas.com/Audio/Podcasts/2020/042420-AI-Eye.mp3

The AI Eye: AWS (NasdaqGS: $AMZN) Launches South Africa Region and LG CNS Introduces "Face Recognition Community Currency" System

SHARE PODCAST:

Hear the AI Eye on Spotify

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

Stocks discussed: (NasdaqGS:AMZN) (KSE:066570)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), announced the launch of a new region in South Africa. Based in Cape Town, the region allows users to run applications and store their content in South African data centers. Among many other features, AWS offers fully featured services for machine learning and AI. Peter DeSantis, Senior Vice President of Global Infrastructure and Customer Support, AWS, said:

"The cloud is positively transforming lives and businesses across Africa and we are honored to be a part of that transformation. We have a long history in South Africa and have been working to support the growth of the local technology community for over 15 years. In that time, builders, developers, entrepreneurs, and organizations have asked us to bring an AWS Region to Africa and today we are answering these requests by opening the Cape Town Region. We look forward to seeing the creativity and innovation that will result from African organizations building in the cloud."

Korea IT Times reports that LG CNS, a subsidiary of LG Electronics Inc. (KSE:066570), has launched a "face recognition community currency" system combining AI, blockchain and cloud technologies. This enables users to make cryptocurrency transactions upon facial recognition, so as to avoid unnecessary contact. Lee Joon-won, LG CNS Solution Business Development Manager, said:

"It is expected that blockchain-based community currency will be used by a lot more people as it becomes more convenient when it meets AI. As non-face-to-face technologies are applied recently, blockchain that increases transaction reliability will be used more widely."

AI & Robotics in Aerospace and Defense Market to Register 20% CAGR from 2020-2025

A report published by Research and Markets finds that the AI and Robotics in the Aerospace and Defense market will exhibit a compound annual growth rate (CAGR) of 20 percent from 2020-2025. An excerpt from the report description outlines the military segment of the market:

The military segment of the market studied is expected to register the highest CAGR during the forecast period. Advances in AI, deep-learning, and robotics are aiding new military capabilities to the armed forces, with its applications ranging from intelligence, surveillance, and reconnaissance to offense/defense balances and nuclear weapons systems. Countries are also investing in these technologies to improve the operating efficiency of the detection systems, the accuracy of the weapons systems, and enhance battlefield communications. The United States Department of Defense (DoD) started Project Maven initiative that aims to bring AI and computer algorithms to war zones. Such investments are fuelling the growth of this segment during the forecast period.

Sam Mowers, Investorideas.com

Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800 665 0411


Get more tech stocks investor ideas - news, articles, podcasts and stock directories