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AI Eye Podcast Episode 651: Stocks discussed: (ASX: BRN) (NasdaqGM: VERI)

BrainChip Holdings Announces 2021 as its Most Successful Year Ever, and Veritone's Energy Forecaster Outperforms Market Mainstay CAISO

 

Vancouver, Kelowna, Delta, BC - January 24, 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 Episode 651: Stocks discussed: (ASX: BRN) (NasdaqGM: VERI)

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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)

BrainChip Holdings Ltd. (ASX:BRN) has announced 2021 as its most successful year ever, attributing this to technological advancements made to its Akida neuromorphic processing architecture, commercialization, market upgrades, and improvements in its leadership. Sean Hehir, the company's new CEO, commented:

"One of the things that impressed me the most about BrainChip when looking to join the company was the quality and volume of successes it has achieved, and the dedicated and talented team that are the heart of BrainChip's success. As the company transfers from strength of vision to strength of production, the possibilities are endless. BrainChip is moving to market readiness, expansion of a product portfolio, improvements to human resources, and improvements in the stock market. I'm excited to see Akida's impact on the $46B USD 'Edge AI' total addressable market (TAM) as BrainChip has unequivocally proved that it is the leader in the neuromorphic AI space. I look forward to seeing the kind of revolutionary moves we make in 2022."

Veritone, Inc. (NasdaqGM:VERI) has reported that its day-ahead market (DAM) energy forecaster, which leverages AI-modeling, outperformed the California Independent System Operator (CAISO) in November of 2021. Veritone's CEO Ryan Steelberg explained:

"For years, CAISO has been the mainstay for forecasting in the energy market, setting policies that ensure open access to participants and a transparent, competitive market for energy. Like all industries, AI has the potential to improve existing processes or introduce completely new models. Veritone is taking an active role with the energy industry to help make the transition to sustainable clean energy. That's why we designed Veritone's forecasting solution to be system and hardware-agnostic. By offering a variety of solutions including on-premise, hosted, or as a service, we give our energy customers the ultimate flexibility without sacrificing performance. It's a win-win for everyone."

Global AI Edge Computing Market to Reach $59.63B by 2030

A report published by Allied Market Research finds that the global AI Edge Computing market will grow from $9.09 billion in 2020 to $59.63 billion by 2030, registering a compound annual growth rate (CAGR) of 21.2 percent in the forecast period 2021-30. The report cites the "ability of the AI edge to overcome cloud computing challenges, rise in demand for real-time operations, and proliferation of edge AI-enabled devices," as key drivers in the market. Regarding the impact of COVID-19 on the market, an excerpt from the report overview reads:

Although the COVID-19 does not have a significant negative impact on the growth of the market, the outbreak of COVID-19 will surely provide numerous opportunities for the market to grow in the forecasted period. These opportunities include a surge in demand for AI edge computing in enterprises due to remote work initiatives, increase in healthcare applications, and introduction of innovative AI edge computing solutions.

Sam Mowers, Investorideas.com

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