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AI Eye Podcast 641: Stocks discussed: (NYSE: $ACN) (NYSE: $BBVA) (Nasdaq: $BIDU)

Accenture Signs Agreement with BBVA for Accelerating Digital Transformation, and Baidu Opens Metaverse Technology Symposium

 

Point Roberts, WA and Vancouver, BC - December 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 Podcast 641: Stocks discussed: (NYSE: $ACN) (NYSE: $BBVA) (Nasdaq: $BIDU)

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

Stocks discussed: (NYSE:ACN) (NYSE:BBVA) (NasdaqGS:BIDU)

Accenture (NYSE:ACN) has signed a collaborative agreement with Spanish financial services firm Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) with the aim of "accelerating digital transformation and applying analytics and artificial intelligence (AI) to drive faster decision-making and enhance the customer service experience." This will include the leveraging of Accenture's AI-powered SynOps platform, allowing BBVA the ability "to make data-driven decisions, improve operational costs and simplify services to create a more frictionless experience." Manish Sharma, group chief executive of Accenture Operations, commented:

"The banking industry has a long history of adapting technology in ways that transform how they operate, interact with customers and increase market share. Our collaboration with BBVA aims to create future-readiness while rising above dynamic market conditions and pivoting to new sources of value."

Baidu, Inc. (NasdaqGS:BIDU) has announced the opening of Baidu Create 2021 today, the first day of a three-day annual flagship developers' conference on its metaverse app XiRang, and China's first-ever metaverse technology symposium. Baidu's CEO, Robin Li, according to the press release, said that: the era of man-computer symbiosis had arrived, and that creators would usher in a Golden era of AI over the next 10 years, calling the technology a powerful tool that will change the world. The following excerpt from the press release examines Baidu's achievements with AI in transportation:

From autonomous driving to smart cars and smart roads, Baidu has deeply integrated AI, 5G and cloud computing into the transportation sector. With a total of 115,000 rides provided by the third quarter of 2021, Baidu's autonomous ride-hailing platform "Apollo Go" has become the largest autonomous mobility service provider in the world. Baidu's future goal is to expand the "Apollo Go" service to 65 cities by 2025 and 100 cities by 2030.

Global AI Robots Market to Reach $37.9B by 2027

Research published by ReportLinker finds that the global AI Robots market is projected to reach $37.9 billion by 2027, registering a compound annual growth rate (CAGR) of 32.3 percent in the forecast period 2021-2027. An excerpt from the report's summary outlines factors influencing the market's growth in the forecast period:

AI technology and AI-enabled machines or robots help in boosting the efficiency and proficiency of everyday undertakings.

Factors like the surge in the number of supportive initiatives from the governments to develop advanced technologies and the increase in demand for robots in the manufacturing and automotive sectors are estimated to propel the growth of the artificial intelligence (AI) robots market in the coming years. In addition, the rising usage of AI robots for personal purposes is likely to further create the high demand for AI robots in the market.

However, the report identifies the "dearth of skilled professionals and insufficient employee training," as potential restraining influences on the market.

Sam Mowers, Investorideas.com

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