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AI Eye Podcast 546: Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $U)

Baidu Unveils Intelligent Driving and Cloud Upgrades at Auto Shanghai 2021, and Unity Software Announces Unity Computer Vision Datasets

 

Point Roberts, WA and Vancouver, BC - April 19, 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 546: Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $U)

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

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

Baidu, Inc. (NasdaqGS:BIDU) unveiled upgrades to its intelligent driving and cloud solutions at the Auto Shanghai 2021 exhibition today. According to the press release, some of "the upgraded solutions have the capability to significantly shorten the autonomous driving R&D cycle from the current seven years to six months." An excerpt from the press release reads:

Under the autonomous driving cloud solution, Apollo will assist partners in developing AI production lines. With the big data cloud solution, Apollo will work with car companies on a closed loop for self-learning in a smart cabin, that will allow carmakers to better understand users and provide them with a customized driving experience. Leveraging Apollo's experience in safety technology, the car safety cloud solution will support car companies in improving the car safety levels.

Software development firm Unity Software Inc. (NYSE:U) has announced the availability of Unity Computer Vision Datasets, which aims "to reduce the cost of developing computer vision applications, and more quickly train AI for the Manufacturing, Retail, and Security industries." Danny Lange, Senior Vice President of Artificial Intelligence & Machine Learning, Unity, explained:

"By creating a synthetic version of datasets that mirror validated privacy rules and accurately reflect real-world data, we enable these groundbreaking datasets to get into the hands of more innovators. Essentially, these datasets empower companies to plan for and simulate scenarios they haven't yet experienced, with a sizable increase in user data that mimics what they'd find over time in the real world. As a result, we're seeing smarter indoor environments, such as cashierless grocery stores, and more as our customers discover new applications."

Smart Robots Market Has Potential to Grow by $44.44B from 2021-2025

A report published by Technavio finds that the Smart Robots market has potential to grow 44.44 billion from 2021-2025, with a compound annual growth rate (CAGR) of 25.87 percent. An excerpt from the report snapshot reads:

The smart robots market share growth by the professional service robots segment will be significant during the forecast period. One of the major reasons for the growing demand for professional service robots is the rise in the deployment of smart robots in warehouses. Many companies are utilizing smart robots in their warehouses for automating the work, such as delivering parcels from one place to another and loading or unloading materials.

Besides the above-mentioned factors, the post COVID-19 impact has fast tracked the demand for professional service robots, especially from the healthcare industry.

Sam Mowers, Investorideas.com

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