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AI Eye Podcast 646: Stocks discussed: (ASX: BRN) (NasdaqGM: VERI) (NasdaqGS: NVDA)

Information Systems Laboratories Developing AI-Based Radar Solution with BrainChip's Akida, and Veritone's MARVEL.ai Now Compatible with NVIDIA Omniverse's Audio2Face

 

Point Roberts, WA and Vancouver, BC - January 10, 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 646: Stocks discussed: (ASX: BRN) (NasdaqGM: VERI) (NasdaqGS: NVDA)

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

Stocks discussed: (ASX:BRN) (NasdaqGM:VERI) (NasdaqGS:NVDA)

BrainChip Holdings Ltd (ASX:BRN) has announced that Information Systems Laboratories, Inc. (ISL), described in the press release as "an employee-owned technology development corporation," is developing an AI-based radar research solution for the Air Force Research Laboratory (AFRL) based on the former's Akida neural networking processor. Sean Hehir, BrainChip's CEO, explained:

"ISL has decided to use Akida and Edge-based learning as a tool to incorporate into their portfolio of research engineering and engineering solutions in large part due to our innovative capabilities and production-ready status that provides go-to-market advantages. We are pleased to be included as the AI- and Edge-based learning component of ISL's research sponsored by AFRL. We feel that the combination of technologies will help expedite its deployment into the field."

Veritone, Inc. (NasdaqGM:VERI) has announced that its MARVEL.ai synthetic voice solution is now compatible with the Omniverse's Audio2Face from NVIDIA Corporation (NasdaqGS:NVDA), described as "an AI-based technology that generates facial motion and lip-sync entirely from an audio source." Scott Leatherman, Veritone's Chief Marketing Officer, said:

"The NVIDIA Omniverse provides a platform for people to collaborate, learn, and build community; however, it requires a seamless high-quality experience and voice quality is fundamental. As the world pivots to understand, explore, and drive commerce in the metaverse, we are proud to support NVIDIA's Omniverse with hyper-realistic synthetic voice from MARVEL.ai. The diversity of voices and languages offered by MARVEL.ai will enable users and brands within the Omniverse a powerful, localized, and engaging experience."

Global AI in Supply Chain Market to Reach $14.3B by 2028

A report published by Verified Market Research finds that the global Artificial Intelligence In Supply Chain market will grow from $4.8 billion USD in 2020 to $14.3 billion by 2028, registering a compound annual growth rate (CAGR) of 20.17 percent in the forecast period 2021-28. An excerpt from the report's description outlines some incentives for the adoption of AI in the market:

AI-based solutions enable companies to enhance performance and increase quality in supply-chain management. Some of the key features include end-to-end transparency, demand-forecasting models, dynamic planning optimization, integrated business planning, and automation of the physical flow. This helps to build successful prediction models and analysis which helps to analyze causes and effects in supply chains. Effectively implementing AI-enabled supply-chain management has further enabled companies to improve logistics costs by approximately 20%, inventory levels by 40%, and service levels by 40%, as compared to other slower-moving competitors.

Sam Mowers, Investorideas.com

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