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AI Eye Episode 414: Accenture: (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage AI and Neuromorphic Computing for "Wheelchair-Mounted Robotic Arm"

NICE (NasdaqGS:NICE) Announces Launch of AI-Powered Actimize Xceed Platform

 

Point Roberts, WA and Vancouver, BC - August 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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AI Eye Episode 414: Accenture : (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage AI and Neuromorphic Computing for "Wheelchair-Mounted Robotic Arm"

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

Stocks discussed: (NYSE:ACN) (NasdaqGS:INTC) (NasdaqGS:NICE)

Accenture (NYSE:ACN) and Intel (NasdaqGS:INTC) are supporting a neuromorphic computing research project led by the Neuro-Biomorphic Engineering Lab (NBEL) at the Open University of Israel in collaboration with ALYN Hospital. Both firms are leveraging their experience in neuromorphic computing and artificial intelligence to help with the development of the neuromorphic algorithm for "a wheelchair-mounted robotic arm," aimed at assisting patients with performing daily tasks. Mike Davies, director of Intel's Neuromorphic Computing Lab, said:

"Neuromorphic computing is a natural fit for assistive technologies, given its low power requirements and ability to learn and adapt to new situations in real time. Through Intel and Accenture's work with the Open University of Israel and ALYN Hospital, we hope to unlock new capabilities for mobility impaired children and improve the patients' quality of life."

NICE Ltd. (NasdaqGS:NICE) has announced the launch of the AI-powered NICE Actimize Xceed platform, "which integrates best-in-class AI, data intelligence, behavioral analytics, and insights within a unified cloud platform," to "modernize their financial crime risk management solutions." According to the press release, Xceed's "self-learning capabilities immediately and autonomously adapt to new threats, helping financial institutions meet today's dynamic risk management needs with laser accuracy, speed and simplicity, and without the need for a team of data scientists." NICE Actimize CEO Craig Costigan said:

"We are pleased to bring our customers the unique combination of proven expertise with best-in-class innovation in both Artificial Intelligence and the cloud, presenting a major opportunity to further support financial services organizations of all sizes. Xceed is based on the proven AI models deployed at hundreds of Guardian Analytics and Actimize customers, leveraging the best innovations of both and bringing the industry its most advanced machine learning capabilities for complete financial crime risk management coverage."

Global Image Recognition in Retail Market to Reach $4.48 Billion by 2026

A report published by ReportLinker finds that the global AI market will grow from $35.2 billion in 2020 to $400.2 billion by 2027 with a compound annual growth rate (CAGR) of 41.5 percent in that forecast period. The report finds that, in particular, the Deep Learning segment of the market will reach $148.7 billion with a compound annual growth rate (CAGR) of 40 percent in the forecast period. Moreover, the report indicates that in terms of regions, the U.S. AI market is estimated at $9.4 billion in the year 2020, whereas by 2027 - the end of the forecast period - China's AI market will be worth $97.9 billion.

Sam Mowers, Investorideas.com

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