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AI Eye Podcast 738: Stocks discussed: (NasdaqGS: NVDA) (NasdaqGS: MSFT) (TSX: CTC) (NYSE: JNPR)

NVIDIA Collaborating with Microsoft on AI Supercomputer, and Canadian Tire Selects Juniper’s AI for IT Infrastructure

 

Vancouver, Kelowna, Delta, BC - November 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 738: Stocks discussed: (NasdaqGS: NVDA) (NasdaqGS: MSFT) (TSX: CTC) (NYSE: JNPR)

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

Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:MSFT) (TSX:CTC) (NYSE:JNPR)

NVIDIA Corporation (NasdaqGS:NVDA) has announced a multi-year collaboration with Microsoft (NasdaqGS:MSFT) to "build one of the most powerful AI supercomputers in the world, powered by Microsoft Azure's advanced supercomputing infrastructure combined with NVIDIA GPUs, networking and full stack of AI software to help enterprises train, deploy and scale AI, including large, state-of-the-art models." Manuvir Das, vice president of enterprise computing at NVIDIA, explained:

"AI technology advances as well as industry adoption are accelerating. The breakthrough of foundation models has triggered a tidal wave of research, fostered new startups and enabled new enterprise applications. Our collaboration with Microsoft will provide researchers and companies with state-of-the-art AI infrastructure and software to capitalize on the transformative power of AI."

Canadian Tire Corporation (CTC) (TSX:CTC) has selected a full-stack AI-driven enterprise solution from Juniper Networks, Inc. (NYSE:JNPR) to modernize its IT infrastructure. Rex Lee, Chief Information and Technology Officer at Canadian Tire Corporation, said:

"Juniper's platform will help CTC enable innovative and personalized experiences for every customer, no matter how they choose to shop, helping to drive our Better Connected strategy. By employing Juniper's AI-driven full-stack solution, we will make numerous enhancements, accelerating our omnichannel strategies, removing complexity and offering intelligent insights to better engage with our customers."

Global Call Center AI Market to Reach $7.55B by 2030

A report published by Data Bridge Market Research finds that the global market for Call Center AI is projected to grow from $2.29 billion USD in 2022 to $7.55 billion by 2030, registering a compound annual growth rate (CAGR) of 15.7 percent in the forecast period 2023-30. The following excerpt from the report's description outlines the positive influence of the COVID-19 pandemic on the market's growth:

The outbreak of COVID-19 had a positive impact on the call center artificial intelligence (AI) market. The overall call volume to call centers rose considerably during the pandemic. According to the report, call center artificial intelligence (AI) witnessed over 300% more calls than usual during the initial stages of the pandemic. IBM Watson Assistant witnessed growth over 60% in monthly active consumers from January to December 2020. This led industries in investing in software to improve the efficiency of redundant tasks and automate processes.

Sam Mowers, Investorideas.com

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