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AI Eye Podcast 645: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $AMZN) (NYSE: $GM) (NasdaqGS: $QCOM)

IBM's AI-Driven Weather Company Made Available on AWS Data Exchange, and GM to Power Ultra Cruise with Qualcomm's Snapdragon Ride Platform

 

Point Roberts, WA and Vancouver, BC - January 7, 2022 (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 645: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $AMZN) (NYSE: $GM) (NasdaqGS: $QCOM)

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

Stocks discussed: (NYSE:IBM) (NasdaqGS:AMZN) (NYSE:GM) (NasdaqGS:QCOM)

IBM Watson Advertising (NYSE:IBM) has announced the availability of data from its subsidiary, The Weather Company, on AWS Data Exchange, a platform from Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN). According to the press release, "IBM Watson Advertising's Weather Analytics harnesses the relationship between weather and consumer behavior using artificial intelligence to extract deep insights to help businesses make more confident, data-driven and insightful enterprise decisions." Sheri Bachstein, CEO of The Weather Company, said:

"We know that weather can impact nearly everything in daily life -- how we feel, what we do, even what we buy. This expanded relationship with AWS gives more businesses access to the weather data that can drive consumer behavior and purchasing. We are committed to opening up our insights and technology to a broad set of organizations, and giving more companies access to what we know can be growth- and efficiency-driving data and tech."

General Motors (NYSE:GM) has announced that its next-generation hands-free driver assist system, Ultra Cruise, will be powered by the Snapdragon Ride Platform from Qualcomm (NasdaqGS:QCOM) which features an artificial intelligence accelerator. Nakul Duggal, Qualcomm Technologies, Inc. senior vice president and GM, Automotive, said:

"We are very proud of our collaboration with General Motors on one of the industry's first uses of our Snapdragon SoCs in an automated driving system. Ultra Cruise powered by Snapdragon Ride on Cadillac vehicles will be an experiential and technological leap forward for the industry."

Global AI Platforms Market to Grow $17.29B from 2020-25

A report published by Technavio finds that the global AI Platforms market is projected to grow by $17.29 billion USD from 2020 to 2025, registering a compound annual growth rate (CAGR) of 35 percent in the forecast period. An excerpt from the report's summary outlines some factors influencing the market's growth:

One of the key factors driving growth in the artificial intelligence platforms market is the rise in demand for AI-based solutions. With the increasing application of robotics in repetitive and risky tasks, end-users are increasingly seeking avenues to eliminate the drawbacks of industrial automation and robotic technologies. These limitations arise due to factors such as the cost, computational capacity, storage, size, power supply, motion mode, and working environment.

Sam Mowers, Investorideas.com

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