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AI Eye Podcast 721: Stocks discussed: (NYSE: $INFY) (OTC: $AIAD)

Infosys Announces Five-Year Agreement with Spirit AeroSystems, and AiAdvertising to Rebrand with Focus on AI-Driven Campaign Performance Platform

 

Vancouver, Kelowna, Delta, BC - September 7, 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 721: Stocks discussed: (NYSE: $INFY) (OTC: $AIAD)

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

Stocks discussed: (NYSE:INFY) (OTC:AIAD)

Infosys Limited (NYSE:INFY) has announced a five-year agreement with aerostructure manufacturer Spirit AeroSystems, Inc. This will see the two firms collaborate to "provide aerostructure and systems engineering services for product development of commercial, business jet and emerging aircraft programs, and Maintenance, Repair and Overhaul (MRO) services." Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said:

"Now more than ever, aerospace and defense organizations need to rapidly reinvent their digital foundation. We are thrilled to deepen our strategic collaboration with Spirit AeroSystems and accelerate their digital transformation, by pushing the envelope in design and product engineering. With our investments in aerostructure engineering and next-gen technologies like artificial intelligence and cloud, we are confident of delivering compelling value to Spirit and take our collaboration to newer heights."

AdTech firm AiAdvertising, Inc. (OTC:AIAD) has announced a rebranding effort to focus on its Campaign Performance Platform (CPP). The CPP is described as "the industry's first cloud-hosted ad management solution that leverages AI and connects marketing investments to sales revenue." Jerry Hug, the company's CEO, said:

"Today's rebrand emphasizes the strength of our innovative brand in the advertising technology industry. Our new website will give us an enhanced online marketing presence that highlights our AI-powered platform for customers and investors. This new branding and evolving positioning perfectly illustrates our growing ambition, and this initiative will help us to continue to scale."

Global AI Robots Market to Reach $54.3B by 2030

A report published by Precedence Research finds that the global AI Robots market is projected to grow from $9.2 billion USD in 2021 to $54.3 billion by 2030, registering a compound annual growth rate (CAGR) of 21.81 percent in the forecast period 2022-30. The following excerpt from the report's description outlines some trends influencing the market's growth:

The fast change in robot abilities driven by inventions in machine learning, adaptive computing, Artificial Intelligence, and vision systems is advancing the market. …[For instance,] smart appliances can execute intellectual responsibilities in surroundings close or parallel to what a human can do. Applying robotics technology and integrating robotic technology with industrial methods has allowed business establishments to dedicate more devotion to a variety of challenging ventures.

Sam Mowers, Investorideas.com

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