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AI Eye Episode 596: Stocks discussed: (NYSE: $IBM) (TSXV: $DM.V)

IBM Leveraging AI to Enhance US Open, and Datametrex Enters AI Contract

 

Point Roberts, WA and Vancouver, BC - August 27, 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 Episode 596: Stocks discussed: (NYSE: $IBM) (TSXV: $DM.V)

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

Stocks discussed: (NYSE:IBM) (TSXV:DM)

IBM (NYSE:IBM), in partnership with the US Open, is leveraging AI and hybrid cloud technology to give tennis fans around the world player and match insights. This includes features ranging from AI-powered daily rankings of player momentum to AI-generated fact sheets. Noah Syken, Vice President of Sports & Entertainment Partnerships, IBM, said:

"Since last year's entirely virtual tournament we've learned even more about what fans are looking for and how technology can help execute a tournament of this scale. We're excited to bring that insight into our continued partnership with the USTA, and to help leverage our AI and cloud expertise to make the tournament more engaging for fans via the digital platforms and their new fan experiences, and the behind-the-scenes technology that helps enable the tournament."

Datametrex AI Limited (TSXV:DM) has announced that it has entered into a $250,000 contract with a Canadian tech company on an Artificial Intelligence contract. This will see Datametrex deploy its Nexology AI, Nexa Inteligence, "that will allow for deepened analysis and understanding of social media influencers related to crypto assets including altcoins." The company's CEO, Marshall Gunter, said:

"Companies are looking to AI to help connect there business to their services by getting a leg up on who is saying what on social media and pinpointing and summarizing crypto winners and losers and the meaning of conversations without human being input, but tapping AI."

Global AI in Computer Vision Market to Reach $144.46B by 2028

A report published by Verified Market Research finds that the global market for AI in Computer Vision will grow from $7.04 billion in 2020 to $144.46 billion by 2028 with a compound annual growth rate (CAGR) of 45.64 percent in the forecast period 2021-2028. An excerpt from the report's description outlines some key factors influencing the market's growth.

The market is being driven by the rising need for quality inspection and automation, as well as the rising demand for computer vision systems in non-traditional and developing applications and the adoption of Emotion AI. Similarly, government initiatives to support industrial automation and the integration of artificial intelligence into edge devices are projected to provide attractive prospects for the player.

Sam Mowers, Investorideas.com

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