AI Eye Podcast: Stocks discussed: (NasdaqGS: NVDA) (NasdaqGS: MSFT) (ASX: BRN)
NVIDIA Collaborating with Microsoft to Accelerate Enterprise AI, and BrainChip Partners with CVEDIA for Edge AI and Neuromorphic Computing
Today's podcast sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX)
Vancouver, Kelowna, Delta, BC - May 25, 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: (NasdaqGS: $NVDA) (NasdaqGS: $MSFT) (ASX: BRN)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:MSFT) (ASX:BRN)
NVIDIA Corporation (NasdaqGS:NVDA) has announced that it is integrating its NVIDIA AI Enterprise software into Microsoft's (NasdaqGS:MSFT) Azure Machine Learning to help enterprises accelerate their AI initiatives. The resulting platform, according to the press release, will enable Azure customers to "build, deploy and manage customized applications using the more than 100 NVIDIA AI frameworks and tools that come fully supported in NVIDIA AI Enterprise, the software layer of NVIDIA's AI platform." Manuvir Das, VP of Enterprise Computing at NVIDIA, said:
"With the coming wave of generative AI applications, enterprises are seeking secure accelerated tools and services that drive innovation. The combination of NVIDIA AI Enterprise software and Azure Machine Learning will help enterprises speed up their AI initiatives with a straight, efficient path from development to production."
NVIDIA's stock is up about 25 percent at press time.
BrainChip Holdings Ltd. (ASX:BRN) and AI-based video analytics solutions CVEDIA have entered into a partnership to advance the state-of-the-art in Edge AI and neuromorphic computing. Specifically, this will involve the integration of the CVEDIA-RT platform for video analytics running on BrainChip's Akida neuromorphic IP. Arjan Wijnveen, CEO of CVEDIA, said:
"We're excited to partner with BrainChip to bring the benefits of CVEDIA-RT's analytics to Akida enabled Edge AI devices enabling developers to scale much faster without needing the cloud. Analyzing and tuning the complete solution at the edge, on the target platform that optimizes the applications and accelerates time to market, propels value added devices and services in AIoT."
Global AI in Marketing to Reach $77.4B by 2030
A report published by Market Research Future finds that the global market for AI in Marketing is projected to grow from $10.1 billion USD in 2021 to $77.4 billion by 2030, registering a compound annual growth rate (CAGR) of 25.2 percent in the forecast period 2022-30. The following excerpt from the report's summary outlines the impact of the COVID-19 pandemic on the market:
As a result of the COVID-19 pandemic, businesses are increasingly turning to AI services and solutions to solve their problems. In order to help the economy cope with the stagnating approach caused by the spread of the pandemic, the government is heavily investing in innovative strategies to implement and understand the breadth of artificial intelligence. Moreover, the major market participants are seeking innovative and strategic ways to implement AI-based products, services, and solutions during the forecast period.
Sam Mowers, Investorideas.com
For a list of artificial intelligence stocks on Investorideas.com visit here
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