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AI Eye Episode 438: Intel (NasdaqGS: $INTC) Introduces New IoT-Enhanced Processors and Accenture (NYSE: $ACN) to Acquire N3

 

Point Roberts, WA and Vancouver, BC - September 23, 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 438: Intel (NasdaqGS: $INTC) Introduces New IoT-Enhanced Processors and Accenture (NYSE: $ACN) to Acquire N3

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

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

Intel Corporation, (NasdaqGS:INTC) at the Intel Industrial Summit today, announced the new 11th gen Intel Core internet of things-enhanced processors - Intel Atom x6000E series, and Intel Pentium and Celeron N and J series - which "bring new artificial intelligence (AI), security, functional safety and real-time capabilities to edge customers." John Healy, Intel vice president of the Internet of Things Group and general manager of Platform Management and Customer Engineering, explained:

"By 2023, up to 70% of all enterprises will process data at the edge. 11th Gen Intel Core processors, Intel Atom x6000E series, and Intel Pentium and Celeron N and J series processors represent our most significant step forward yet in enhancements for IoT, bringing features that address our customers' current needs, while setting the foundation for capabilities with advancements in AI and 5G."

Accenture (NYSE:ACN) has agreed to acquire tech-driven sales and demand-generation firm N3. According to the press release, N3 "augments specialized talent with AI-powered insights to deepen B2B sales interactions," and the acquisition of it will add "approximately 2,200 employees to Accenture globally, along with artificial intelligence (AI) and machine learning (ML) capabilities." Manish Sharma, group chief executive of Accenture Operations, said:

"Increasingly, B2B buyers expect the same 'Amazon-like' interactions they experience as consumers when purchasing far more complex services- a trend that's only accelerated in the current pandemic. N3 provides the perfect combination of skilled talent and technology to remove barriers and better influence purchasing decisions at critical stages."

Global AI Market to Exhibit CAGR of 37.3% from 2018-2025

A report published by Data Bridge Market Research finds that the global artificial intelligence market, which was valued at $16.14 billion in 2017, will exhibit a compound annual growth rate (CAGR) of 37.3 percent in the forecast period 2018 to 2025. The report's description identifies AI's high Information and data storage capacity, high computing power and parallel processing capabilities, and the increasing number of AI applications and adoption in various segments as drivers in the market. However, it cites a lack of people power and a data inefficiency in building proper AI algorithms as potential restraints in the market's growth.

Sam Mowers, Investorideas.com

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