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AI Eye Podcast 522: C3.ai (NYSE: $AI) Releases Enhancements for AI Platform and Applications, and AnalytixInsight Adds AI to Broker Platform InvestPro

 

Point Roberts, WA and Vancouver, BC - February 18, 2021 (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 522: C3.ai (NYSE: $AI) Releases Enhancements for AI Platform and Applications, and AnalytixInsight Adds AI to Broker Platform InvestPro

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

Stocks discussed: (NYSE:AI) (TSXV:ALY)

C3.ai, inc. (NYSE:AI) has announced the release of enhancements to its enterprise AI application development platform and AI applications designed to further accelerate digital transformation. According to the press release, this latest version includes "new composable machine learning (ML) pipelines for data scientists; enhancements to C3 AI CRM, C3 AI Anti-Money Laundering, C3 AI Energy Management, C3 AI Production Schedule Optimization, and C3 AI Reliability applications; and a new enterprise AI application for the oil and gas industry, C3 AI Well Development Optimization." C3's AI President and Chief Product Officer Houman Behzadi said:

"Today's release introduces even more market-leading features for developers, data scientists, and data engineers, while bringing unparalleled speed to the development of enterprise AI applications. We continue to invest significantly in our enterprise AI platform, wide range of developer tools, and configurable enterprise AI applications to enable a richer and more cohesive developer and user experience to accelerate AI adoption."

AnalytixInsight Inc. (TSXV:ALY) is adding its proprietary AI-based quality scoring metrics for stocks listed on online financial broker platform InvestoPro. According to the press release, the former's AI-based financial analytics engine, CapitalCube, "delivers machine-created content and analysis on over 50,000 worldwide stocks." AnalytixInsight's Chairman and CEO, Prakash Hariharan, said:

"Retail investors are now trading stocks in record numbers worldwide without professional investment advice or fundamental analysis tools. And for many, this is their first experience in investing in the stock market. We have built InvestoPro as a stock trading platform with a focus on fundamental analysis, research and education, which we believe are important to new investors learning about stocks, and traits which are desired by the regulators."

Global Optical Character Recognition Market to Reach $26.31 Billion by 2028

A report published by Research and Markets finds that the global Optical Character Recognition market will grow to $26.31 billion by 2028 with a compound annual growth rate (CAGR) of 16.7 percent in the forecast period 2021-2028. An excerpt from the report's description outlines the application of AI in the market:

Integration of artificial intelligence with optical character recognition has helped companies in leveraging technological capabilities of artificial intelligence such as deep learning and multi-level analysis for the more efficient processing of documents, texts, and other data in a way similar to that of humans. These advanced technologies also help to address inaccuracies that occur in OCR, thereby providing streamlined fault management.

Sam Mowers, Investorideas.com

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