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The AI Eye Podcast: Watching AI Breaking News (NasdaqGS: INTC) (NYSE: SPGI)

Flapmax and Intel Announce Partnership to Foster AI Innovation in Africa, and S&P Global Named Best AI Provider by Waters Rankings


Vancouver, Kelowna, Delta, BC - July 31, 2023 ( Newswire), a global investor news source covering Artificial Intelligence (AI) stocks and industry news brings you today's edition of The AI Eye Podcast; watching AI breaking news.

Today's podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

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The AI Eye Podcast: Watching AI Breaking News (NasdaqGS: INTC) (NYSE: SPGI)


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

Stocks discussed: (NasdaqGS:INTC) (NYSE:SPGI)

AI firm Flapmax has announced a strategic partnership with Intel Corporation (NasdaqGS:INTC) to foster AI innovation and drive economic empowerment in Africa. This will be done through the provision of "technology access, training, mentorship, and funding opportunities to entrepreneurs in emerging markets, starting with Africa, through the FAST Accelerator program." According to the press release, the FAST Accelerator program "is designed to help startups that are building cloud-based and AI-enabled products and services supporting communities, companies, and governments." Dave Ojika, Founder and CEO of Flapmax, explained:

"Flapmax has been working with Intel to develop sustainable digital solutions that readily expand AI accessibility in underserved communities, and we are excited to build on our momentum with the FAST Accelerator program. Bridging the knowledge gap in technological advancement is key to creating meaningful social impact. Through this partnership with Intel, Flapmax will bring cutting-edge technology and advanced curricula, including generative AI, robotics, and deep tech, to innovators in Africa and other technologically underserved communities."

S&P Global Inc. (NYSE:SPGI) has announced today that Kensho Technologies – an AI firm acquired by S&P in 2018 – and the S&P Global Market Intelligence division were named 2023's Best Artificial Intelligence (AI) Technology Provider by Waters Rankings. Bhavesh Dayalji, CEO of Kensho Technologies, commented:

"This award is a testament to the unique advantage that Kensho has in building and deploying cutting-edge AI tools trained on S&P Global data and expertise. Our exceptional talent, culture of experimentation and partnership with business leaders throughout S&P Global has enabled us to push boundaries, take big swings and constantly seek new and innovative approaches to solving the most complex Machine Learning problems faced by S&P Global and other enterprises today."

Global AI Chipset Market to Reach $717.4B by 2031

A report published by Transparency Market Research finds that the global market for AI Chipsets is projected to grow from $45.5 billion USD in 2021 to $717.4 billion by 2031, registering a compound annual growth rate (CAGR) of 31.8 percent in the forecast period 2022-31. The following excerpt from the report's preview section outlines trends impacting the market's growth:

Increase in demand for smart consumer electronic devices is significantly augmenting the global AI chipset market share. Future market value of the artificial intelligence chipset industry is expected to grow during the forecast period, owing to the rise in adoption of AI chipsets to improve customer service experience. Furthermore, growth and advancement in the semiconductor sector is contributing to market development.

AI chips are specifically designed to improvise the productivity of devices while using the least amount of power. Rise in concerns over data security and computational speed has boosted the demand for edge-based AI hardware. Chips are being incorporated in products such as smart homes, autonomous vehicles, and wearables.

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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Disclosure: podcast sponsor AppTech Payments Corp. (NasdaqCM:APCX) is a paid featured Fintech company on

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