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AI Eye Episode 407: VSBLTY and Onyx-Cognivas to Deploy Digital Media Solutions in South African Stores, Remark Holding (NasdaqCM: $MARK) to Install AI Thermal Kits at Las Vegas Private School

 

Point Roberts, WA and Vancouver, BC - August 10, 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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AI Eye Episode 407: VSBLTY and Onyx-Cognivas to Deploy Digital Media Solutions in South African Stores, Remark Holding (NasdaqCM: $MARK) to Install AI Thermal Kits at Las Vegas Private School

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

Stocks discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqCM:MARK)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF), along with its South African partner Onyx-Cognivas, has reached an agreement to "deploy multiple digital media solutions in a chain of fuel/convenience stores operating in South Africa." VSBLTY Co-founder & CEO Jay Hutton explained:

"This agreement spans five years with our VisionCaptor™ and DataCaptor™ software being installed, starting in October, in more than 300 retail locations, each having three digital interactive placements as well as computer vision analytics. Progressive retailers are increasingly recognizing the value of monetizing their stores in a model where brands can purchase space as media. Interactive ad messages are now reaching, influencing and measuring consumers right at the point of sale where we are seeing major increases in conversion and ROI on these programs."

Remark Holdings, Inc. (NasdaqCM:MARK) has announced a deal to install its Remark AI Thermal Kits at The Meadows School, a private pre K-12 school in Las Vegas, making for the first such installation of Remark AI in a US school. The press release describes the Remark AI Thermal Kit as "an all-inclusive solution that allows for fast, touch-free scanning of multiple students," which can "instantly and discreetly alerts faculty and staff of any person with a skin temperature that suggests a higher-than-normal body temperature, allowing onsite personnel to conduct a secondary temperature check."

Global MLaaS Market to Exceed $13.5 Billion by 2025

A report from Meticulous Research finds that the global Machine Learning as a Service (MLaaS) market will exceed $13.5 billion by 2025 and exhibit a compound annual growth rate (CAGR) of more than 41.5 percent from 2019 to 2025. An excerpt from the report's description reads:

With advancements in data science and artificial intelligence technologies, the performance of machine learning has augmented at a rapid pace. Companies are now identifying the potential of this technology, and thus, the adoption rate of the same is expected to increase over the estimated period. Companies are offering machine learning solutions on a subscription-based model, making it easier for the consumers to take advantage of this technology. The growth of this market is driven by factors such as increasing adoption of cloud-based services, IoT, and automation; growing demand for predictive maintenance solutions; and the growing need for consumer behaviour analysis. However, security concerns and a lack of skilled personnel to use these solutions hinders the growth of [the] market to some extent.

Sam Mowers, Investorideas.com

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