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AI Eye Podcast 639: Stocks discussed: (NYSE: $CLVT) (NYSE: $STEM)

Clarivate and KAIST Publish Report on AI Innovation, and Stem Enters Agreement to Acquire Also Energy Holdings

 

Point Roberts, WA and Vancouver, BC - December 20, 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 639: Stocks discussed: (NYSE: $CLVT) (NYSE: $STEM)

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

Stocks discussed: (NYSE:CLVT) (NYSE:STEM)

Clarivate (NYSE:CLVT) and the KAIST Innovation Strategy and Policy Institute (ISPI) have launched a report in Korea on the global innovation landscape of artificial intelligence. An excerpt from the press release contrasts AI innovation in different regions:

The U.S., the U.K., and Canada have a relatively high proportion of inventions in robotics and autonomous control, whereas in Mainland China and South Korea, machine learning and neural networks are making progress. Each country/region produces high-quality inventions in their predominant AI fields, while the U.S. has produced high-impact inventions in almost all AI fields.

Won-joon Kim, the Director of the ISPI, said:

"The driving forces in building a sustainable AI innovation ecosystem are important national strategies. A country's future AI capabilities will be determined by how quickly and robustly it develops its own AI ecosystem and how well it transforms the existing industry with AI technologies. Countries that build a successful AI ecosystem have the potential to accelerate growth while absorbing the AI capabilities of other countries. AI talents are already moving to countries with excellent AI ecosystems."

Stem, Inc. (NYSE:STEM) has entered into a definitive agreement to acquire solar asset management software firm Also Energy Holdings, Inc. Stem's CEO, John Carrington, said:

"Through this immediately accretive transaction, a combined Stem and AlsoEnergy will bring the unique software, controls, and analytics capability to accelerate the energy transition to a renewable, decarbonized future. As the battery storage and solar industries continue to experience tremendous global growth, developers, asset owners, and utilities will increasingly look to our combined software capabilities to provide a unified platform for energy intelligence that improves project performance. The combined company will deliver an AI-driven software offering that we expect will simplify our customers' asset management, boost their project returns, and accelerate our own growth trajectory. Importantly, this acquisition is expected to be immediately accretive to both gross margin and EBITDA before realizing any commercial synergies, which we believe are significant and compelling. This acquisition underscores our focus on expanding Stem's global reach and delivering high margin, market-leading software products to our customers."

Global AI in Construction Market to Reach $2.325B by 2026

A report published by Research Dive finds that the global AI in Construction market will grow from $408.1 million in 2018 to over $2.325 billion by 2026, with a compound annual growth rate (CAGR) of 24.1 percent in the forecast period 2019-2026. An excerpt from the report overview reads:

The cost efficiency and the availability of advanced artificial intelligence products are expected to drive the AI in construction market. Many large companies hire the experts going over budget and spend a lot of time hiring the professionals for their project team. With the help of artificial neural networks, the professionals calculate the overhead cost, where they predict the total cost of the project based on the historical data with accurate information which saves a lot of money and time for the company. Many companies have implemented the use of robots, drones and many other automated vehicles which gives them the aerial view of the construction site, mapping and surveying, which helps them to automate the construction site which increases the work efficiency of the workforce.

Sam Mowers, Investorideas.com

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