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AI Eye Podcast: AI Stocks in the News: (NYSE: DOCN) (NasdaqGS: SILC)

DigitalOcean Holdings Acquires Paperspace, and Silicom Announces New Line of Edge AI Products


Vancouver, Kelowna, Delta, BC - July 6, 2023 ( Newswire), 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: AI Stocks in the News: (NYSE: DOCN) (NasdaqGS: SILC)


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

DigitalOcean Holdings Acquires Paperspace, and Silicom Announces New Line of Edge AI Products

Stocks discussed: (NYSE:DOCN) (NasdaqGS:SILC)

Cloud computing firm DigitalOcean Holdings Inc. (NYSE:DOCN) has acquired Paperspace, a leading provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs). The acquisition and integration of Paperspace, according to the press release, will enable "customers to more easily test, develop and deploy artificial intelligence and machine learning (AI/ML) applications, augment and enhance existing AI/ML applications and utilize GPUs in ways that have predominantly been the domain of large enterprises." Yancey Spruill, CEO of DigitalOcean, explained:

"This acquisition marks a significant milestone in DigitalOcean's journey to revolutionize how SMBs and startups harness the power of the cloud and AI/ML for their applications and businesses. The combined offerings allow customers to focus more on building applications and growing their businesses and less on the infrastructure powering them."

Networking and data infrastructure solutions provider Silicom Ltd. (NasdaqGS:SILC) has announced a new line of Edge AI products as part of its new partnership with AI chipmaker Hailo. According to the press release, the new product line "integrates Hailo's AI-accelerators into Silicom's existing Edge platforms, thereby solving performance challenges for Edge AI use cases." Liron Eizenman, Silicom's CEO, said:

"We are excited to bring this powerful new Edge AI solution, our first AI-focused product, to the market. By integrating Hailo's groundbreaking chips into our products, we are making it cost-effective to move behavior analytics, human intrusion detection, facial recognition and vehicle analytics to the edge. This will help our customers unlock new use cases and provide new revenue streams and more value to their customers. In fact, we are already engaged in POCs and in discussions with customers on different use cases."

Global Text-to-Video AI Market to Reach $1.08B by 2029

A report published by Maximize Market Research finds that the global market for Text-to-Video AI is projected to grow from $144.9 million USD in 2022 to $1.08 billion by 2029, registering a compound annual growth rate (CAGR) of 33.4 percent in the forecast period 2023-29. The following excerpt from the report's summary outlines some key factors impacting the market's growth:

Businesses are increasingly using videos to engage with their customers and prospects. Text-to-Video AI generation is used for the explanation of products in advertising, fashion and the healthcare industry. This is helping businesses to create a written concept in video format since the Text-to-Video AI Market is expected to grow significantly across the world. The text-to-video generator saves the cost of businesses since it eliminates the need for high-cost equipment required for video production. Content creation through videos has become a major part of the service and other industries.

Sam Mowers,

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Podcast sponsor:

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

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