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The AI Eye #372: AWS (NasdaqGS: AMZN) Makes Snowcone Generally Available and Intel (NasdaqGS: $INTC) Expands Partnership with Penguin Computing (NasdaqGS: $SGH)

 

Point Roberts, WA and Vancouver, BC - June 19, 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 #372: AWS (NasdaqGS: AMZN) Makes Snowcone Generally Available and Intel (NasdaqGS: $INTC) Expands Partnership with Penguin Computing (NasdaqGS: $SGH)

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

Stocks discussed: (NasdaqGS:AMZN) (NasdaqGS:INTC) (NasdaqGS:SGH)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of its AWS Snowcone, which is described as "a small, ultra-portable, rugged, and secure edge computing device for collecting, processing, and moving data to AWS from disconnected environments." The smallest member of the "AWS Snow Family" of devices, Snowcone enables "customers to collect data, process it locally, and move it to AWS either offline ... or online." Bill Vass, VP of Storage, Automation and Management Services, AWS, said:

"With more applications running at the edge for an expanding range of use cases, like analyzing IoT sensor data and machine learning inference, AWS Snowcone makes it easier to collect, store, pre-process, and transfer data from harsh environments with limited space to AWS for more intensive processing."

Intel Corporation (NasdaqGS:INTC) has expanded its partnership with Penguin Computing, Inc., a division of AI and HPC leader SMART Global Holdings, Inc. (NasdaqGS:SGH). This will see Penguin participating in the Intel Select Solutions program and delivering "a series of verified quick-to-deploy infrastructure solutions optimized for HPC and AI/ML applications." Kevin Tubbs, Senior Vice President, Strategic Solutions Group at Penguin Computing, explained:

"Customers with traditional HPC and advanced analytics environments are rapidly adopting more AI capabilities. Our customers are increasingly looking for workload-optimized infrastructure and compute capabilities that enable them to drive transformational insights from edge to core. We're excited to deliver verified Intel Select Solutions to our customers. Our goal through this expanded relationship is to innovate and deliver the technology and expertise that truly enables our customers to solve their most complex business challenges."

Global AI in Cybersecurity Market to Reach $46.3 Billion by 2027

A report from Meticulous Research finds that the global AI in Cybersecurity market will reach $46.3 billion by 2027 with a compound annual growth rate (CAGR) of 23.6 percent in the forecast period 2020-2027. An excerpt from the report's description outlines drivers in the market:

In a modern connected world, industry verticals have been accelerating the pace of their digital transformation with the emergence of digital technologies such as the Internet of things (IoT). The proliferation of connected devices in industry verticals such as healthcare organizations and BFSI [have] created a security blind spot where cybercriminals or hackers can attack devices such as webcams, smart TV, routers, printers, and even smart home appliances. According to a report by Symantec data, in 2018, it is estimated that infected routers accounted for over 70% of IoT attacks, and connected cameras accounted for around 14% of them. Further, it is estimated that IoT devices experience an average of 5,200 attacks per month. With the rapid adoption and total volume of connected devices available, the cybersecurity threat landscape is growing exponentially, thereby contributing to the growth of the artificial intelligence in cybersecurity market in the coming years.

Sam Mowers, Investorideas.com

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