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AI Eye Podcast 602: Stocks discussed: (NYSE: $AI) (NYSE: $AGCO)

C3 AI Awarded Contract from Missile Defense Agency and AGCO Acquires Faromatics

 

Point Roberts, WA and Vancouver, BC - September 13, 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 602: Stocks discussed: (NYSE: $AI) (NYSE: $AGCO)

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

Stocks discussed: (NYSE:AI) (NYSE:AGCO)

C3.ai, Inc. (NYSE:AI) has been awarded a Production Other Transaction (OT) Agreement from the Missile Defense Agency (MDA) to aid in enterprise AI development initiatives. The use of C3.ai's Generative Modeling Application allows the MDA to "create, in minutes, tens of thousands of physically-realistic AI-generated trajectories as evaluated across multiple physics-based constraints as well as the ability to rapidly generate large missile trajectory datasets, when given only a small set of training data and physics rules, and provides MDA up to a 100-fold increase in model generation capacity and speed." Ed Abbo, President and CTO, C3 AI, said:

"C3 AI is on the cutting edge of enterprise AI and we are excited to partner with the Missile Defense Agency. By using the C3 AI Suite and the C3 AI Generative Modeling application, Missile Defense Agency personnel can rapidly generate large datasets in data-starved environments for a broad spectrum of missile defense technology initiatives."

Global manufacturer and distributor of agricultural machinery and precision ag technology AGCO Corporation (NYSE:AGCO) has announced the acquisition of precision livestock farming company Farm Robotics and Automation S.L. (Faromatics). According to the press release, Faromatics is the creator of ChickenBoy, a "ceiling-suspended robot that monitors broiler chickens and helps farmers increase animal welfare and farm productivity," and which "uses artificial intelligence (AI) to identify risks to health, welfare and farm equipment." Eric Hansotia, AGCO's Chairman, President and CEO, said:

"This Faromatics acquisition supports our vision of being farmers' most trusted partner for industry-leading, smart farming solutions across every area of our business. We're excited to create smart technology solutions for livestock producers, strengthen our existing capabilities, and accelerate innovation that helps our customers increase profitability while improving animal welfare."

Global AI in Computer Vision Market

A report published by Allied Market Research finds that the global AI in Computer Vision market is projected to grow from $9.18 billion in 2020 to $207.09 billion by 2030, registering a compound annual growth rate (CAGR) of 39.6 percent in the forecast period 2021-2030. An excerpt from the report overview outlines factors influencing the market's growth:

Factors, such as rising demand for computer vision systems in automotive applications, increasing demand for emotion AI, and high demand for quality inspection and automation, drive the AI in computer vision market growth. Automobile manufacturers are increasingly reliant on computer vision and industrial robotics technologies to accomplish several levels of automation throughout the production process. Increasing participation of various automotive and IT giants to develop autonomous cars is driving the growth of the AI in computer vision market. However, rising safety and security related concern is a major restraint to the global market growth.

Sam Mowers, Investorideas.com

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