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AI Eye Podcast 604: Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $AI) (NYSE: $BLL)

Baidu-backed DeepWay Unveils AI-Powered Xingtu "Robot Truck", and C3 AI’s AI Selected by Ball Corporation for Sustainability Goals

 

Point Roberts, WA and Vancouver, BC - September 17, 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 604: Stocks discussed: (NasdaqGS: $BIDU) (NYSE: $AI) (NYSE: $BLL)

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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:AI) (NYSE:BLL)

DeepWay, a company backed by Baidu, Inc. (NasdaqGS:BIDU), has unveiled Xingtu, described as "a smart new energy heavy-duty truck with a computing power of more than 500 TOPS and ultra-long-distance sensing capabilities of more than 1 kilometer," marking "Baidu's entry into the USD multi-trillion global freight market." Xingtu is powered by Baidu's AI technology stack as well as its Apollo autonomous driving platform. Yunpeng Wang, vice president and general manager of autonomous driving technology at Baidu, said:

"Autonomous driving must use advanced driverless technology to create new products that offer the ultimate experience in order to achieve commercial success. We aim to create value in real-life scenarios such as transporting people, delivery and life services. This new generation of vehicle is by no means just a modified truck - it's a robot truck."

C3.ai, Inc. (NYSE:AI) has announced that aluminum packaging solutions provider Ball Corporation (NYSE:BLL) has selected C3 AI Energy Management and C3 AI Ex Machina to help achieve its sustainability goals, "and to identify new opportunities to operate with greater energy efficiency." Adam Shalapin, Global Sustainability Manager, Ball Corporation, explained:

"We believe sustainability is a collaborative effort between our employees, global partners and key stakeholders, and we are committed to providing low-carbon, infinitely recyclable aluminum packaging to drive our vision for a more circular and sustainable economy. As the leading provider of industrial strength enterprise AI tailored for energy management and sustainability solutions for large scale enterprises, C3 AI's partnership helps us continue to advance our ambitious sustainability goals."

Global Mobile AI Market to Reach $84.8B by 2030

A report published by Allied Market Research finds that the global Mobile AI market is projected to grow from $8.56 billion in 2020 to $84.8 billion by 2030, registering a compound annual growth rate (CAGR) of 26.44 percent in the forecast period 2021-2030. The following excerpt from the report's overview outlines key influences on the market's growth:

The prominent factors that impact the mobile artificial intelligence (AI) market growth are high demand for artificial intelligence in smartphones, growing demand for AI-capable processors, and rising investment in Artificial Intelligence (AI) technologies. However, high pricing of artificial processors restricts the market growth. On the contrary, the emergence of edge computing is expected to create lucrative opportunities for the market.

Sam Mowers, Investorideas.com

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