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AI Eye Podcast 526: Accenture (NYSE: $ACN) to Acquire Robotics and Automation Solutions Company Pollux

Baidu (NasdaqGS: $BIDU) Signs MoU with China Huaneng Group to Drive Intelligent Transformation in Energy

 

Point Roberts, WA and Vancouver, BC - March 1, 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 526: Accenture (NYSE: $ACN) to Acquire Robotics and Automation Solutions Company Pollux

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

Stocks discussed: (NYSE:ACN) (NasdaqGS:BIDU)

Accenture (NYSE:ACN) has agreed to acquire Brazil-based industrial robotics and automation solutions provider Pollux. The acquisition is expected to "expand Accenture's capabilities for clients in consumer goods, pharmaceutical and automotive industries seeking to make their factories, plants and supply chains more productive, safe and sustainable," according to the press release. Nigel Stacey, global lead for Accenture Industry X, commented:

"Automation and human + machine collaboration are digitally transforming manufacturing and supply chain operations to be more flexible, resilient, sustainable and safe, and to better meet ever-changing customer demands. Tangibly seeing these benefits in practice requires a true integration of information technology and operations technology, which is what Pollux will allow us to offer our manufacturing clients."

Baidu, Inc. (NasdaqGS:BIDU) has signed a memorandum of understanding (MoU) with China Huaneng Group Co., Ltd. to drive the intelligent transformation of the energy industry. In doing so, Baidu will "leverage its capabilities in AI-powered new infrastructure to help Huaneng closely integrate the digital economy with the energy and power industry, which will enhance efficiencies and users' experience." Baidu's CTO, Haifeng Wang, said:

"China's economy is turning to the direction of high-quality development, and AI is a new kinetic energy and new engine that will drive this high-quality development. Since the energy industry is such an important part of the national economy, the degree of its intelligent construction is directly related to the state of the economy and the level of intelligent transformation of society."

Global AI in Food & Beverage Market to Grow by $394.22M from 2021-25

A report published by Technavio finds that the global AI in Food & Beverage market will grow by $394.22 million from 2021-2025, with a compound annual growth rate (CAGR) of 22.13 percent in that forecast period. Some key market drivers identified in the report snapshot include: the introduction of regulations to improve food safety, the adoption of automation to comply with those regulations, the offering of AI platforms to meet requirements related to preventive controls on food safety, sanitary transportation, and foreign supplier verification programs, and the advancements in the industrial Internet of Things (IIoT) being introduced into the market.

Sam Mowers, Investorideas.com

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