The #AIEye: IBM (NYSE: $IBM) Extends Partnership with VMWare (NYSE: $VMW), Avnet (Nasdaq: $AVT) Enables IoT Leveraging with Azure-Powered Edge Module
Global #AI in Transportation Market to Reach $12.84 Billion by 2026
Point Roberts WA, Vancouver BC – November 5, 2019 – Investorideas.com (www.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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Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/11051AIEye-IBM-VMW-AVT.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:IBM) (NYSE:VMW) (NasdaqGS:AVT) (NasdaqGS:MSFT) (NYSE:NIO) (NasdaqGS:INTC)
IBM (NYSE:IBM) has extended its partnership with VMWare, Inc. (NYSE:VMW) to accelerate hybrid cloud innovation and adoption across global enterprises. Ajay Patel, senior vice president and general manager, Cloud Provider Software business unit, VMware, commented:
"We have helped thousands of large global enterprise customers migrate tens of thousands of mission-critical workloads to the cloud and operate them at scale. Once in the IBM Cloud, these customers can transform applications in ways not possible by simply running them on-prem, taking advantage of a rich set of cloud-native services for application development, AI/ML, machine learning and IoT."
Avnet, Inc. (NasdaqGS:AVT) is enabling enterprise customers to leverage IoT capabilities with its new wireless edge module, Avnet Guardian 100, powered Azure Sphere from Microsoft (NasdaqGS:MSFT). According to the press release, “Avnet Guardian 100 can be deployed in scenarios where existing connectivity falls short of enterprise-level security requirements” and allows businesses to “gain critical insights with real-time analytics and AI”.
Chinese electric vehicle company NIO Inc. (NYSE:NIO) has announced a strategic collaboration with Mobileye, a developer of vision technology for Advanced Driver Assistance Systems (ADAS) and autonomous driving and part of Intel Corporation (NasdaqGS:INTC). The collaboration will see NIO engineer and manufacture a self-driving system designed by Mobileye. William Li, founder, chairman and chief executive officer of NIO, commented:
“At NIO, we pride ourselves on our pursuit of innovation and cutting-edge technology, which not only strengthens our product competitiveness but also shapes a joyful lifestyle for our users. We look forward to building our strategic collaboration with Mobileye in autonomous driving technology development, to further enhance the safety and capabilities of our vehicles, as we strive to be the next-generation car company and the best user enterprise.”
Global AI in Transportation Market to Reach $12.84 Billion by 2026
A report from Maximize Market Research finds that the global AI in Transportation market will grow from $2.57 billion in 2017 to $12.84 billion by 2026 with a compound annual growth rate (CAGR) of 22.28 percent in the forecast period. An excerpt from the report summary reads:
Major driving factors of the Artificial Intelligence (AI) in Transportation Market are the transportation problems are the rising system behaviour with difficult to model according to a predictable pattern, affecting by things like traffic, human errors, or accidents.
In such cases, the unpredictability can be aided by AI. Safety when traveling by transport in urban areas is improved by tracking crime data in real time. The road freight transport system is utilizing accurate prediction methods to forecast their volume using AI methods. several decision-making tools for transport are designed and run by AI. Costs of labour in this sector will continually decrease with increased use of AI, providing higher profits for industry players. Funding and Budgeting will act as a restraint to the market.
Sam Mowers, Investorideas.com
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