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AI Eye Episode 447: NVIDIA (NasdaqGS: $NVDA) Announced Maxine AI Video Conferencing Platform, Nuance (NasdaqGS: $NUAN) and H&M Integrate Virtual Assistant and Live Chat

 

Point Roberts, WA and Vancouver, BC - October 6, 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 447: NVIDIA (NasdaqGS: $NVDA) Announced Maxine AI Video Conferencing Platform, Nuance (NasdaqGS: $NUAN) and H&M Integrate Virtual Assistant and Live Chat

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

Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:NUAN)

NVIDIA Corporation (NasdaqGS:NVDA) has announced the NVIDIA Maxine platform, described in the press release as "a cloud-based suite of GPU-accelerated AI video conferencing software to enhance streaming video." The platform's users can leverage AI solutions, such as gaze correction, super-resolution, noise cancellation, and face relighting. Additionally, conversational AI services including translations, closed captioning and transcriptions can be employed by users. Ian Buck, vice president and general manager of Accelerated Computing at NVIDIA, explained:

"Video conferencing is now a part of everyday life, helping millions of people work, learn and play, and even see the doctor. NVIDIA Maxine integrates our most advanced video, audio and conversational AI capabilities to bring breakthrough efficiency and new capabilities to the platforms that are keeping us all connected."

Nuance Communications, Inc. (NasdaqGS:NUAN) and global clothing retailer H&M (OTC:HNNMY) have announced the integration of the former's virtual assistant and live chat deployment to Google's Business Messages, allowing H&M "to take advantage of new messaging channels while leveraging the same AI-engine core to its successful virtual assistant and live chat deployment - to enable more seamless cross-channel customer experiences, reducing contact center call volumes, and increasing digital interactions." Tony Lorentzen, Senior Vice President, Intelligent Engagement at Nuance, said:

"With the explosion of digital engagements, especially in the retail sector, we're hearing from customers more about the need to better optimize and handle consumer engagements and service requests across channels. The differentiator with Nuance technology is that we can partner to build one virtual assistant and extend that system to whichever channel an organization wants to leverage for engagement. Google's Business Messages is one example, where we are further enabling H&M to give customers more convenient options to get their questions answered without ever having to pick up the phone."

Global Network Automation Market – Driven by AI, ML Adoption – to Reach $8.9 Billion by 2025

A report published by Research and Markets finds that the global Network Automation market will grow from $2.9 billion in 2020 to $8.9 billion by 2025, with a compound annual growth rate (CAGR) of 24.8 percent in the forecast period. According to the report description:

The major factors driving the growth of the network automation market include increasing network traffic and cloud infrastructure leading to a significant transition in data centers, increasing adoption of connected devices, increasing adoption of automation technologies such as AI and machine learning, rising adoption of virtual and software-defined infrastructure, and surge in human error rates in manual systems causing network downtime.

Sam Mowers, Investorideas.com

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