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AI Eye Podcast #494: Wipro (NYSE: $WIT) Partnering with LogiNext for Logistics Platform, and Predictive AI Receives Orders for 28 Units of its ThermalPass System

 

Point Roberts, WA and Vancouver, BC - December 11, 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 Podcast #494: Wipro (NYSE: $WIT) Partnering with LogiNext for Logistics Platform, and Predictive AI Receives Orders for 28 Units of its ThermalPass System

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

Stocks discussed: (NYSE:WIT) (TSXV:PAI)

Wipro Limited (NYSE:WIT) is partnering with global tech and automation company LogiNext "to optimize and automate the world of logistics," and "deliver an end-to-end solution for supply chain customers." LogiNext CEO Dhruvil Sanghvi said:

"We're glad to partner with Wipro and leverage each other's capability around new-age technologies, such as Artificial Intelligence, Machine Learning, and Robotic Process Automation. This will help reduce the dependency on mundane decision-making and provide an alternative to office-based work. The new trend of dark stores and warehouses has also given impetus to automating logistics and transportation. Clients and end users would benefit from a modern platform with consumer-grade user experience, making technology adoption a breeze."

Predictive AI Inc. (TSXV:PAI) has received orders for twenty-eight units of its sensor-based temperature screening system, ThermalPass. ThermalPass is a Joint Venture between Predictive AI's AI Labs and Commersive Solutions that "detects body temperature using its touchless, infrared, thermal medical grade sensors." Michael Lende, President and CEO of Predictiv AI, said:

"We are very excited with the initial bookings as they represent verticals that are innately scalable. We are also cognizant and encouraged that these orders are formative in nature and have the potential to be significantly upsized. In tandem with our reseller agents, the ThermalPass sales focus has been targeting the most scalable sectors, and we are now getting traction in some of the largest market segments, including hospitals, schools, and long-term care facilities among others. We continue to actively market ThermalPass with multiple demos daily across Canada, the US and internationally."

Global AI in Military Market to Reach $16.3 Billion by 2026

A report published by Zion Market Research finds that the global AI in Military market will grow from $4.8 billion in 2018 to $16.3 billion by 2026 with a compound annual growth rate (CAGR) of 14.5 percent in the forecast period 2019-2026. An excerpt from the report analysis outlines some applications of AI in the market:

Artificial intelligence in military involves the use of a computer-controlled robot[s] for different military or defense activities, such as unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft and helicopter[s], unmanned aerial vehicles, etc. Visual perception, decision-making, speech recognition, and translation between languages are some of the examples of task[s] managed by artificial intelligence.

Sam Mowers, Investorideas.com

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