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AI Eye Episode 468: Ambarella (NasdaqGS: $AMBA) Introduces CV28M Camera SoC with Edge-Based AI Processing

Aurora Mobile (NasdaqGM: $JG) Partners with Ping An Bank for Digital Transformation

 

Point Roberts, WA and Vancouver, BC - November 4, 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 468: Ambarella (NasdaqGS: $AMBA) Introduces CV28M Camera SoC with Edge-Based AI Processing

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

Stocks discussed: (NasdaqGS:AMBA) (NasdaqGM:JG)

Ambarella, Inc. (NasdaqGS:AMBA) has introduced the CV28M camera system on chip (SoC), the latest in the company's CVflow family, and which according to the press release combines "advanced image processing, high-resolution video encoding, and CVflow computer vision processing in a single, low-power design." Chris Day, vice president of marketing and business development at Ambarella, explained:

"All around us, devices are becoming smarter, and with our newest CV28M SoC, our customers can develop a new generation of intelligent sensing cameras for a variety of new applications. In privacy-sensitive applications-such as monitoring retail stores, workplaces, rental properties, or the elderly at home-edge-based AI processing can support intelligent monitoring and fast decision-making without the requirement to record or stream video to the cloud."

Aurora Mobile Limited (NasdaqGM:JG) has entered into a strategic partnership with Ping An Bank Co., Ltd. (SZSE:000001) to enhance the latter's customer experience, improve analytics and drive greater efficiency. According to the press release, Aurora "leverages its AI-driven data processing platform to provide customers with one-stop diversified big data service solutions, helping customers across various industries to improve operational efficiency and conduct data-led decision making." For its part, Ping An "has capitalized on innovations in AI, cloud infrastructure, blockchain and big data analytics to upgrade its management and services as it executes a full-fledged digital transformation across all of its business processes, including administration, marketing, risk-control, asset management, payment, operations and financing."

Global AI in Agriculture Market to Reach $8.379 Billion by 2030

Research published by ReportLinker finds that the global AI in Agriculture market will grow from $852.2 million to $8.379 billion during the forecast period 2020-2030, while registering a compound annual growth rate (CAGR) of 24.8 percent in the same period. An excerpt from the report summary reads:

By making use of AI, farmers can monitor their live-stock in real-time. AI solutions, including image classification with body condition score, feeding patterns and facial recognition for livestock on dairy farms can now individually monitor the behavioral aspects of animals. In addition to this, farmers are using machine vision, which aids them in recognizing facial features and hide patterns.

Farmers are also able to monitor [the] water and food intake of livestock and record their body temperature and behavior. It is because of such advantages of AI that its demand in the agricultural sector is increasing at a rapid pace.

Sam Mowers, Investorideas.com

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