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AI Eye Podcast 681: Stocks discussed: (NYSE: ACN) (ASX: BRN)

Accenture Ventures Invests in Titan Space Technologies, and BrainChip to Combine Tech with SiFive, Inc.

 

Vancouver, Kelowna, Delta, BC - April 8, 2022 (Investorideas.com Newswire) 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 681: Stocks discussed: (NYSE: ACN) (ASX: BRN)

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

Stocks discussed: (NYSE:ACN) (ASX:BRN)

Accenture Ventures, the venture capital arm of Accenture (NYSE:ACN), has made a strategic investment in Titan Space Technologies, described in the press release as "an orbital compute platform that offers real-time monitoring and neural engine capabilities to accelerate the next generation of scientific technology innovations for enterprises, such as adaptive immune response, carbon capture and biomedical applications." Tom Lounibos, managing director, Accenture Ventures, explained:

"The burgeoning private and commercial space sector has created a once-in-a-generation opportunity for companies to leverage the unique R&D environment of space along with ever-increasingly sophisticated AI and other technologies to potentially solve our most pressing issues here on earth such as climate change, disease interventions, and materials shortages. The launch of Titan's first AI models to the ISS marks an amazing new milestone in AI-driven research and experimentation."

BrainChip Holdings Ltd. (ASX:BRN) has combined technologies with computing firm SiFive, Inc. to "offer chip designers optimized AI/ML compute at the edge." Chris Jones, vice president, products at SiFive, commented:

"Employing Akida, BrainChip's specialized, differentiated AI engine, with high-performance RISC-V processors such as the SiFive Intelligence Series is a natural choice for companies looking to seamlessly integrate an optimized processor to dedicated ML accelerators that are a must for the demanding requirements of edge AI computing. BrainChip is a valuable addition to our ecosystem portfolio."

Global Citizen Services AI Market to Reach $47.33B by 2028

A report published by Verified Market Research finds that the global Citizen Services AI market is projected to grow from $2.11 billion USD in 2020 to $47.33 billion by 2028, registering a compound annual growth rate (CAGR) of 46.4 percent in the forecast period 2021-28. An excerpt from the report's description outlines some of the key influences on the market's growth:

The major driving factors of the market are an integration of the artificial intelligence (AI) and analytics with citizen services, necessary for the information technology modernization and increasing the demand for automation technology. Opportunities for the citizen services market is increasing demand for the citizen services AI. The need for IT transformation in the government sectors, improved automation, increased cost savings and automation of manual processes to ease the pressure and enhance citizen experience, are the major growth factors driving the growth of the citizen services AI market.

Sam Mowers, Investorideas.com

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