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AI Eye Episode 429: Samsung Medison and Intel (NasdaqGS: $INTC) Collaborate on Smart Workflow Solutions, Baidu (NasdaqGS: $BIDU) Launches Apollo Go Robotaxi Service in Beijing

 

Point Roberts, WA and Vancouver, BC - September 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 429: Samsung Medison and Intel (NasdaqGS: $INTC) Collaborate on Smart Workflow Solutions, Baidu (NasdaqGS: $BIDU) Launches Apollo Go Robotaxi Service in Beijing

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

Stocks discussed: (KSE:005930) (NasdaqGS:INTC) (NasdaqGS:BIDU)

Samsung Medison, a subsidiary of Samsung Electronics (KSE:005930), is leveraging AI from Intel Corporation (NasdaqGS:INTC) as part of the two firms' collaboration "on new smart workflow solutions to improve obstetric measurements that contribute to maternal and fetal safety and can help save lives." Claire Celeste Carnes, strategic marketing director for Health and Life Sciences at Intel, explained:

"At Intel, we are focused on creating and enabling world-changing technology that enriches the lives of every person on Earth. We are working with companies like Samsung Medison to adopt the latest technologies in ways that enhance the patient safety and improve clinical workflows, in this case for the important and time-sensitive care provided during pregnancy and delivery."

Baidu, Inc. (NasdaqGS:BIDU) launched the Apollo Go Robotaxi service in Beijing today, making it the first company offering robotaxis in the city. According to the press release, the service comprises "the largest total area and longest road network of about 700 kilometers for a manned autonomous driving test area in China, with nearly 100 pick-up and drop-off stations." Zhenyu Li, Corporate Vice President of Baidu and General Manager of Intelligent Driving Group (IDG), said:

"Baidu Apollo will continue pushing for the commercial application of autonomous driving. With our technology and platform advantages, we will contribute more to the development of autonomous driving and smart transportation in Beijing and support the city to become a world-leading AI innovation hub."

Retail Cloud Market - Driven by AI - to Reach $39.63 Billion by 2026

A report published by Fortune Business Insights finds that the global Retail Cloud market will grow from $11.89 billion in 2018 to $39.63 billion by 2026 with a compound annual growth rate (CAGR) of 16.3 percent in the forecast period 2019-2026. A key market driver identified in the report summary is artificial intelligence. An excerpt reads:

Artificial Intelligence (AI) offers retailers capability to streamline the in-store operations, effectively manage their new inventory and supply chain management. Besides this, AI provides a personalized experience and precise marketing strategies which help retail enterprises attract and retain customers. Improved customer experience and support are key strategies that will benefit the retail industry from AI technology. According to recent study by IBM Corporation named "The coming AI revolution in retail and consumer products". This report stated that AI-driven automation in the consumer products and retail industry is expected to rise from 40% of companies to more than 80% companies in the near future. Further, in-store shopping is more popular among retailers.

Sam Mowers, Investorideas.com

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