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AI Eye Podcast 696: Stocks discussed: (NYSE: $HPE) (NasdaqGM: $VERI)

HPE Building Factory for HPC and AI in Czech Republic, and Veritone Announces Navigate

 

Vancouver, Kelowna, Delta, BC - May 18, 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 696: Stocks discussed: (NYSE: $HPE) (NasdaqGM: $VERI)

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

Stocks discussed: (NYSE:HPE) (NasdaqGM:VERI)

Hewlett Packard Enterprise Company (NYSE:HPE) has announced plans to build a factory in Kutna Hora, Czech Republic for next-generation high performance computing (HPC) and artificial intelligence (AI) systems to accelerate delivery to customers and strengthen the region's supplier ecosystem. Justin Hotard, executive vice president and general manager, HPC & AI, at HPE, explained:

"When European organizations adopt next-generation supercomputing, they gain a powerful foundation to seize opportunities of exponential data growth to accelerate scientific discovery, strengthen digital sovereignty and unlock innovations to deliver greater economic value. HPE is committed to continue supporting Europe in this endeavor and our new HPC factory in Kutna Hora, Czech Republic, is another significant investment, among our other R&D initiatives, that we have made in Europe. We are now able to manufacture the industry's leading supercomputing, HPC, and AI systems, while increasing supply chain viability and resiliency."

Veritone, Inc. (NasdaqGM:VERI) has announced Navigate, described as "a new application custom designed for Veritone One – the company's full-service performance-based audio and influencer advertising agency. Navigate is built on aiWARE, Veritone's hyper-expansive enterprise AI platform, leverages AI and machine learning, and "automates analysis and empowers transparency to the impact of influencer and media placement." Veritone One's Senior VP Conor Doyle said:

"We are excited to leverage Navigate for our customers at a time when share-of-voice depends as much on actionable insights combined with great campaign ideas. Navigate allows our agency strategists and planners to surface insights across all areas of the historically fragmented influencer buying cycle. This real-time aggregated intelligence from planning to execution and eventually optimization ensures we are hyper-servicing our brands in order to match them with the right influencer at the right time, which is a positive for our clients as well as the influencer community."

Global Deep Learning Market to Reach $80.76B by 2028

A report published by Zion Market Research finds that the global market for Deep Learning is projected to grow from around $11.54 billion USD in 2021 to $80.76 billion by 2028, registering a compound annual growth rate (CAGR) of 38.3 percent in the forecast period 2022-28. An excerpt from the report's description outlines some key trends impacting the market's growth in the forecast period:

Deep Learning is used across domains and has shown high demand in the recent past. The key drivers that have led to the growth of this market are improving computational power, decreasing hardware cost, and increasing adoption of cloud-based technology. These drivers add to the growth for speech recognition software, automotive vehicles and language translation services and receive comprehensive applications across the retail, healthcare, automotive, agricultural, security and manufacturing industries.

Sam Mowers, Investorideas.com

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