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AI Eye Podcast 731: Stocks discussed: (OTCQB: $LZGI) (NasdaqGM: $VERI)

Fatbrain AI Acquires ZeroTrust Confidential Computing Platform, and Veritone Launches AI-Powered SPORT X

 

Vancouver, Kelowna, Delta, BC - October 20, 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 - featuring technology company LZG International Inc. (Fatbrain AI) (OTC:LZGI)

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AI Eye Podcast 731: Stocks discussed: (OTCQB: $LZGI) (NasdaqGM: $VERI)

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

Stocks discussed: (OTCQB:LZGI) (NasdaqGM:VERI)

LZG International Inc. (Fatbrain AI) (OTCQB:LZGI) has announced the acquisition of the confidential computing and privacy intellectual property (IP) plus software assets of Zero2A PTE LTD (ZeroTrust Platform), a software company based in Singapore. According to the press release, the ZeroTrust Platform "secures privacy-enabled data collaboration for all enterprises, including in the energy, mobile, logistics, healthcare, finance, insurance, pharma, food security and supply chain segments," and "allows businesses to cooperate in learning across sensitive or regulated first-party and third-party data to unlock the hidden, multi-level insights available only from the emergent data network." Soubir Acharya, Chief Architect at FatBrain, said:

"We're simplifying and scaling innovation. Our F500 clients experienced the security and performance of Confidential Computing on IBM mainframes, each within their enterprise silos. With ZeroTrust Platform orchestrating modern cloud hardware, millions of enterprises across millions of apps can take advantage of our Peer Intelligence AI Solutions as a core part of their subscription."

Veritone, Inc. (NasdaqGM:VERI) has launched SPORT X, described as "a new intelligent marketplace for sports federations and content producers from around the globe to license short-form sports video directly to media buyers." SPORT X is powered by aiWARE, the company's enterprise AI platform. Elizabeth Eastham, managing director of SPORT X at Veritone, explained:

"Our goal is to connect global sports content owners with a network of media buyers in a highly accessible sports content exchange, using AI that will continue to learn buying and selling patterns from both sides of the marketplace. This is an opportunity for sports content producers to maximize the monetization of their digital assets and at the same time reach new audiences and grow their sport's footprint."

Global Wearable AI Market to Reach $166.47B by 2030

A report published by Grand View Research finds that the global market for Wearable AI is projected to reach $166.47 billion USD by 2030, registering a compound annual growth rate (CAGR) of 29.3 percent in the forecast period 2022-30. An excerpt from the report's summary outlines the scope of the market and some factors influencing its growth:

Wearable AI devices are electronic products with advanced technologies incorporated with artificial intelligence with the ability to execute intelligent operations that are manufactured to be worn on the user's body. The COVID-19 pandemic had a moderate impact on the market for wearable AI. The lockdown imposed in various countries had a negative impact on the supply chain and therefore the availability of products to the consumers. Additionally, the pandemic had a positive impact on the medical AI wearable segment.

Sam Mowers, Investorideas.com

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About FatBrain AI (LZG International, Inc.)

FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain's AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain's subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.

For more information, please visit: https://www.fatbrain.ai

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