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AI Eye Podcast 562: Stocks discussed: (TSXV: DM) (TSXV: ALY)

Datametrex Secures More AI & Tech Contracts, and AnalytixInsight is Developing an AI-Assisted NA Stock Platform

 

Point Roberts, WA and Vancouver, BC - May 28, 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 562: Stocks discussed: (TSXV: DM) (TSXV: ALY)

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

Stocks discussed: (TSXV:DM) (TSXV:ALY)

Datametrex AI Limited (TSXV:DM) has received additional Purchase Orders for approximately $550,000 CAD from three divisions of LOTTE Group, the Incheon International Airport Corporation and the Shinhan Financial Group in Seoul, South Korea. This grows the company's Tech and AI businesses in the country, including AI-powered server automization. Marshall Gunter, CEO of Datametrex, said:

"Datametrex continues to grow its core business. We are starting to see the reduction in cycle time for AI model optimization and adoption. With the company being flexible enough to provide our clients with whatever AI solution their needs require, we should see improved numbers from the AI division."

AnalytixInsight Inc. (TSXV:ALY) has announced that it is developing an AI-assisted North American stock trading and research platform. According to the press release, the platform is part of “a suite of offerings including research, proprietary scores, and unique order management systems that assess investor risk tolerance metrics." An excerpt from the press release reads:

AnalytixInsight is an established AI-driven content supplier with the ability to offer scalable machine-created research content on approximately 50,000 worldwide stocks and North American ETFs through its CapitalCube platform. CapitalCube provides AI-driven research reports to Refinitiv, an LSEG (London Stock Exchange Group) business and one of the world's largest providers of financial markets data and infrastructure.

NA AI in Computer Vision Market to Reach $32.56B by 2027

A report published by ReportLinker finds that the North American AI in Computer Vision market will grow from $1.76 billion in 2019 to $32.56 billion by 2027 with a compound annual growth rate (CAGR) of 45 percent in the forecast period 2020-2027. An excerpt from the report's summary reads:

The hardware in the AI in computer vision provides a considerable benefit to the organizations by preserving all their business processes and current internal systems such as production processes and technology being used.

In addition to this, enterprises can implement their data security standards and control an entire process that is housed within the hardware of the enterprise.The consequences faced by organizations for hardware deployment include high costs associated with the installation, management, upgrade, and maintenance of complete solutions requirements across the years.

Therefore, hardware is majorly adopted by large and well-established companies that can invest such massive capital on maintaining this same. Thus, the above-mentioned factors are expected to influence the adoption of hardware in the market during the forecast period.

Sam Mowers, Investorideas.com

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