AI Eye Podcast: Stocks discussed: (NYSE: HPE) (ASX: BRN)
HPE's Ezmeral Software Extends AI/ML Capabilities, and BrainChip's Akida Being Leveraged by Quantum Ventura
Vancouver, Kelowna, Delta, BC - May 16, 2023 (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.
Today's podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
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AI Eye Podcast: Stocks discussed: (NYSE: HPE) (ASX: BRN)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:HPE) (ASX:BRN)
Hewlett Packard Enterprise Company (NYSE:HPE) has announced that its HPE Ezmeral Software platform - which employs a software-as-a-service (SaaS) solution to help organizations leverage data globally and deploy analytics at scale - is extending the capabilities of HPE GreenLake and providing the foundation for driving analytics and AI/ML insights across distributed enterprises. Mohan Rajagopalan, VP and general manager, HPE Ezmeral Software, explained:
"Despite the hype about AI and Generative AI applications transforming business, most companies still struggle to bring these technologies into their basic workflows. Our solutions address where organizations are today, empowering them to leverage the tools they already use, so they can focus resources on accelerating their AI, analytics, and digital modernization journeys, instead of managing cumbersome data siloes or untested, disconnected open-source tools."
BrainChip Holdings Ltd. (ASX:BRN) has announced that AI/ML research and technologies firm Quantum Ventura Inc. is using BrainChip's Akida technology to develop new cyber threat-detection tools. The Akida neural processor and AI IP, according to the press release, "can find unknown, repeating patterns in vast amounts of noisy data, which is an asset in cyber threat detection." Specifically, Quantum Ventura is creating state-of-the-art cybersecurity applications for the U.S. Department of Energy under the Small Business Innovation Research (SBIR) Program. Rob Telson, VP of Ecosystems & Partnerships at BrainChip, said:
"This project with the Department of Energy offers an ideal opportunity to demonstrate how Akida opens up new possibilities in cybersecurity, including the ability to run complex AI algorithms at the edge, reducing the dependency on the cloud. We are excited about the progress that Quantum Ventura are making with BrainChip in this project which is extremely vital to the safety of the nation's infrastructure."
Edge AI Market to Reach $76B by the End of 2031
A report published by Transparency Market Research finds that the global market for Edge AI is projected to grow from $5.6 billion USD in 2022 to $76 billion by the end of 2031, registering a compound annual growth rate (CAGR) in the forecast period 2023-31. The following excerpt from the report's summary outlines some key trends impacting the growth of the Edge AI market:
Increase in demand for edge computing solutions and growth in adoption of IoT devices are driving the global edge AI market size. Edge AI is gaining traction in various end-use industries due to the rise in need for real-time decision-making in various processes.
Advancements in machine learning and edge AI processors & software tools are likely to ease the deployment of edge AI solutions in various industries. The edge AI industry is becoming increasingly competitive, with the entry of new companies and presence of well-established players. These companies are developing advanced edge AI solutions that cater to a wide range of industries such as healthcare, manufacturing, retail, and transportation.
Sam Mowers, Investorideas.com
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AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today's commerce experiences. For more information, visit apptechcorp.com.
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