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AI Eye Episode 487: AWS (NasdaqGS: $AMZN) Announces Five New ML Services at re:Invent Conference, and Baidu (NasdaqGS: $BIDU) Named Leader in AI-Patent Applications in China for 2020

 

Point Roberts, WA and Vancouver, BC - December 1, 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 487: AWS (NasdaqGS: $AMZN) Announces Five New ML Services at re:Invent Conference, and Baidu (NasdaqGS: $BIDU) Named Leader in AI-Patent Applications in China for 2020

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

Stocks discussed: (NasdaqGS:AMZN) (NasdaqGS:BIDU)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced five new machine learning services - Amazon Monitron, Amazon Lookout for Equipment, AWS Panorama Appliance, AWS Panorama SDK, and Amazon Lookout for Vision - to "help industrial and manufacturing customers embed intelligence in their production processes in order to improve operational efficiency, quality control, security, and workplace safety." This announcement was made at the AWS re:Invent virtual conference today. Briefly, according to the press release, Monitron and Lookout enable machine learning-powered predictive maintenance, and Panorama "uses computer vision to improve industrial operations and workplace safety." Swami Sivasubramanian, Vice President of Amazon Machine Learning for AWS, explained:

"Industrial and manufacturing customers are constantly under pressure from their shareholders, customers, governments, and competitors to reduce costs, improve quality, and maintain compliance. These organizations would like to use the cloud and machine learning to help them automate processes and augment human capabilities across their operations, but building these systems can be error prone, complex, time consuming, and expensive. We're excited to bring customers five new machine learning services purpose-built for industrial use that are easy to install, deploy, and get up and running quickly and that connect the cloud to the edge to help deliver the smart factories of the future for our industrial customers."

Baidu, Inc. (NasdaqGS:BIDU), according to a recent study published by two units of China's Ministry of Industry and Information Technology (MIIT), "holds the most AI-related patents and has filed the most AI-related patent applications of any company or organization in China." As of October this year, the company has filed a total of 9,364 AI-related patent applications, of which it has been granted 2,682. These cover an array of sub-fields of AI, including deep learning, autonomous driving, and NLP and intelligent speech technologies.

Global AI in Commerce Market to Reach $1.977 Billion by 2027

A report published by Data Bridge Market Research finds that the global AI in Commerce market will grow at an average annual rate of 7.87 percent from 2020-2027 and reach $1.977 billion by 2027. An excerpt from the report's description explains:

Commerce AI business is developing at a firm movement and is estimated to be propelled by online retailers in e-commerce purchasing, style stores, and repository mechanization. The impeccable keen sightedness of AI in enterprises will transform the purchasing practice, decision building will be responsive and most of the methods will be automated. Also, upcoming technologies like big data will moreover heighten the extent of the market.

Sam Mowers, Investorideas.com

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