Monday, March 04, 2024

AI Stocks – Another Application to Watch; (NASDAQ: $RVSN) (NASDAQ: $DUOT) (NYSE: $DELL) (NASDAQ: $INDI) @Rail_Vision @duostech @DellTech @RealityBigBang

AI Stocks – Another Application to Watch; (NASDAQ: $RVSN) (NASDAQ: $DUOT) (NYSE: $DELL) (NASDAQ: $INDI) @Rail_Vision @duostech @DellTech @RealityBigBang

 

Transforming the Future of Transportation Safety  

 


March  4, 2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks issues a snapshot for the sector looking at transportation safety, featuring Rail Vision (Nasdaq: RVSN), a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways.

 

Read this article, featuring RVSN in full at https://www.investorideas.com/news/2024/technology/03041AI-Stocks.asp

 

The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.  Forbes notes. “AI is revolutionizing the transportation industry in many ways, and its impact on safety is significant. From automated vehicle inspection systems and intelligent traffic management systems to assisted driving and fleet integration, AI is making transportation safer and more efficient on a global scale.”

 

Focusing on railway safety, Rail Vision Ltd. (Nasdaq: RVSNjust announced that it is joining NVIDIA Metropolis, a partner program application framework and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems. The Metropolis ecosystem contains a large and growing breadth of members investing in advanced AI techniques and efficient deployment platforms and uses an enterprise-class approach to their solutions. Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts. Additionally, the program offers the opportunity for members to collaborate with industry-leading experts and other AI-driven organizations.

By joining Metropolis, Rail Vision hopes to gain a significant advantage in developing and deploying AI-driven solutions that are tailored to the unique needs of the rail sector through the opportunity of leveraging NVIDIA’s extensive technological expertise and integrating its cutting-edge technology.

Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.

Rail Vision has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality.

 

Evidencing the growing safety needs for railway, Josipa Petrunic, President and CEO of the Canadian Urban Transit Research & Innovation Consortium (CUTRIC), said in a recent interview with Electric Autonomy, “Climate, artificial intelligence, cybersecurity and the extreme need for moving people and freight by rail has never converged as it is converging now.”

 

“The need for rail is more extreme than ever,” continued Petrunic, “yet the potential for disaster is even higher. Fortunately, so has the potential for greater safety.”

 

He continued, “Imagine the possibilities of combining driverless technology and automation with AI layering on top of the climate piece and layering on top of risk aversion processes. We would be able to efficiently operate our systems, but also save lives.”

 

Another player in railway safety using AI, Duos Technologies Group, Inc (Nasdaq: DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks, recently announced the signing of an AI subscription agreement for AI detections, empowering the rail operator to enhance their current railcar inspection capabilities. Additionally, the agreement includes the renewal of their annual services and maintenance contract, which now encompasses expanded support through Duos' Preventative Maintenance Checks and Services (PMCS) Program and Field Services Support, aimed at further improving the performance of the rail network.

 

From the news: The renewal agreement includes an annual subscription for an array of AI algorithms requested by the client who uses the Duos patented Railcar Inspection Portal (RIP®) and AI to quickly and efficiently detect critical issues that could potentially lead to accidents or derailments. As part of the agreement, Duos will provide maintenance and technical services for their existing RIP®, offering comprehensive support that includes field services to address break/fix issues and onsite preventive maintenance checks and services, along with spare parts provision.

 

Advancing driver assisted technology, Subaru Corporation is teaming with Dell Technologies (NYSE: DELL) to help improve driver safety through the powerful combination of AI and high-performance storage. The collaboration is indicative of AI's profound impact on transforming one of the most common means of transportation, aiming to help make it safer for drivers, passengers and pedestrians.

 

"Subaru is driving massive innovation through data to give motorists an extra set of eyes and an extra foot on the brake while entrusting Dell Technologies to enable this journey as its AI development infrastructure," said Arthur Lewis, President, Infrastructure Solutions Group, Dell Technologies. "As an AI-ready data platform, Dell PowerScale storage allows companies like Subaru to integrate, analyze and use data to deliver impactful insights that advance human progress and transform industries."

 

From the news: Subaru can store, manage and use a vast amount of data to advance the development of its next-generation EyeSight Driver Assist Technology with the selection of Dell PowerScale network attached storage systems. Sold in more than 5.5-million EyeSight-equipped vehicles, today's EyeSight Driver Assist Technology monitors traffic movement, optimizes cruise control and warns drivers if they sway outside their lane. PowerScale meets the increased IT demand for AI modeling and validation while helping customers easily scale capacity and performance wherever their data resides.

 

SUBARU Lab, the AI development base for Subaru established in 2020, can store approximately 1,000 times more files on Dell PowerScale systems than with previous platforms. Subaru now can improve AI image analysis by easily accessing stored files on PowerScale systems deployed in data centers across the SUBARU Lab and Tokyo offices, which wasn't previously possible. The ability to scale and use data flexibly across locations has expanded the possibilities for business expansion.

 

"As a brand that has built its reputation on trust, we are constantly expanding AI development to increase the reliability in our vehicles while contributing to the greater good," said Takashi Kanai, Deputy Chief of SUBARU Lab and Manager of ADAS Development Department, PGM (Advanced Integrated System), Engineering Division. "While requirements for systems and storage are ever changing, we are confident that Dell PowerScale is up to the task as the underlying infrastructure for EyeSight Driver Assist Technology, allowing us to continue advancing our AI initiatives to improve driver safety."

 

From the news: EyeSight is the world's first system to use only stereo camera technology to provide driver assist features such as pre-collision braking, which detects not only cars but also pedestrians and motorcycles in the vehicle's path, as well as adaptive cruise control.

 

Also competing in the driver safety revolution, indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, and Ficosa, a leading global company dedicated to the research, development, production, and marketing of advanced vision, safety and efficiency solutions for the automotive industry, executed a collaboration agreement earlier this year to develop and commercialize automotive camera solutions deploying neural network-based (NN) artificial intelligence (AI) processing.

 

From the news: The partnership will leverage Ficosa’s near decade-long expertise as a high-volume vision solution supplier, and indie’s field-proven, proprietary vision processing technology to deliver breakthrough imaging and in-camera object detection performance, particularly for challenging edge sensing applications. The companies intend to sample the first smart camera solutions employing their combined technologies in 2024, and expect to ramp into volume production by 2025.

 

From the news: Government regulators and new car safety assessment programs (like US and Euro NCAP) are increasingly seeking to specify protection for vulnerable road users (VRU) such as pedestrians and cyclists, especially for back-up and eMirror scenarios. In fact, Euro NCAP has implemented VRU safety test protocol since 2020, and in the United States the National Highway Transportation Safety Administration (NHTSA) has this year proposed updates to NCAP to provide consumers with information about crashworthiness and pedestrian protection of new vehicles. As a result, Automakers are demanding volume scalable camera-based Advanced Driver Assistance System (ADAS) solutions that provide not just passive viewing capability, but also intelligent sensing to actively detect pedestrians. According to S&P Global, shipments of surround view and park assist camera electronic control units (ECUs) are projected to grow from 134 million units in 2023 to 240 million units by 2033.

 

AI is revolutionizing the way we think about transportation; from railways to road and even to flight. According to a recent article, “With advanced predictive maintenance capabilities, AI can identify potential maintenance issues and address them proactively, ensuring safer flights and boosting passenger confidence. Furthermore, AI can automate routine operations, leading to the development of autonomous aircraft.”

 

So, for the transportation sector using AI, and investors willing to take the wild ride along with it, the sky is literally the limit! 

 

Research more AI stocks with Investorideas.com free stock directory

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Breaking Rare Earth News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Ships Mixed Rare Earth Carbonate Sample to Two of the largest REE companies in the World; @defensemetals

 Breaking Rare Earth News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Ships Mixed Rare Earth Carbonate Sample to Two of the largest REE companies in the World; @defensemetals


 


Vancouver, British Columbia - March 4, 2024: (Investorideas.com Newswire) Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that a sample of mixed rare earth carbonate (“MREC”) has been shipped to two of the world’s largest Rare Earth Element (“REE”) companies. Samples generated by SGS Canada Inc. in Lakefield, Ontario during 2023 hydrometallurgical piloting test work performed on concentrate produced by earlier flotation pilot plant testing of a 26-tonne bulk sample taken from the Company’s wholly-owned Wicheeda deposit have now been sent to almost every REE separator in the world.

 

Read this news, featuring DEFN in full at: https://www.investorideas.com/news/2024/03041DEFN-Ships-Rare-Earth-Carbonate-Samples.asp

 

MREC samples shipped to the recipients are independently verifying the high-quality of the REE product from the Wicheeda deposit, and further establishing Defense Metals’ Wicheeda REE Project as a critically important, future North American source of rare earths.

 

Craig Taylor, CEO of Defense Metals, commented:

“Defense Metals continues to advance the Wicheeda Project, establishing it as one of the few western world REE projects that has the key characteristics required for a viable REE project including: (1) location and  superior logistics, (2) minerology, metallurgy, and grade, (3) the ability to produce a REE product as established by pilot plant operations , (4) significant potential mine life, and (5) social licence and support of the McLeod Lake Indian Band. Defense Metals believes strongly that Wicheeda will play a key role in establishing North American REE supply chains; first and foremost, with respect to mining and hydrometallurgical processing, and ultimately with respect to the onshoring of downstream REE separation, refining and metallizing capabilities. Defense Metals is positioned as one of the very few North American REE companies having true ability to achieve this vision.” 

 

Defense Metals to Attend the Prospectors & Developers Association of Canada Convention  

Defense Metals will be attending the Prospectors & Developers Association of Canada (PDAC) Convention in Toronto, Canada from March 3 to March 6, 2024, and invites interested parties to visit us at Booth #2500 and at Discovery Group’s Booth #2630.

 

Qualified Person

This news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), a Principal of APEX Geoscience Ltd., of Edmonton, Alberta, a technical consultant to the Company, and a “Qualified Person” as defined in NI 43-101.

 

About Defense Metals Corp. and its Wicheeda Rare Earth Element Project

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

 

The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

 

Defense Metals is a proud member of Discovery Group. For more information please visit:

www.discoverygroup.ca.

 

For further information, please visit www.defensemetals.com or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding "Forward-Looking" Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to attending PDAC and related meetings, advancing the Wicheeda REE Project, the expectations and plans for the Wicheeda REE Project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ (www.sedarplus.com). While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 

Defense Metals Corp. (TSX-V:DEFN /OTCQB:DFMTFis a featured mining stock on Investorideas.com

 

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Friday, March 01, 2024

Sporting Goods, Retail and Entertainment Stocks in Focus: (NYSE: $AS) (NYSE American: $PMNT) (NYSE: $TBBB) (NASDAQ: $LVO)

Sporting Goods, Retail and Entertainment Stocks in Focus: (NYSE: $AS) (NYSE American: $PMNT) (NYSE: $TBBB) (NASDAQ: $LVO) 

 

Stocks to Watch in Safety & Security, Homebuilders and Agriculture- (NYSE American: $UMAC) (Nasdaq: $JL) (TSX: $DRT.TO) (TSX: $CRP.TO)

 



 

 

March 1, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the sports, retail, safety & security, entertainment, homebuilder and agriculture sectors.

 

Read this in full at: https://www.investorideas.com/news/2024/main/03011Stocks.asp

 

The newest sports companies are involved in sporting wear including luxury brands.

 

The latest retail company operates grocery retail stores in Mexico.

 

The newest safety and security companies are involved in equipment for drone operators and reflective safety materials.

 

The latest entertainment company is an award-winning entertainment and technology platform, while the newest homebuilder company works in industrialized construction solutions.

 

The latest agriculture company provides sourcing, storing, transporting and marketing of high–quality agricultural commodities.

 

New Stocks Added to the Sports Directories:

Amer Sports, Inc. (NYSE:AS) is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance, and Atomic. Our brands are creators of exceptional apparel, footwear, equipment, protective gear, and accessories that we believe give our consumers the confidence and comfort to excel. With over 10,800 employees globally, Amer Sports’ purpose is to elevate the world through sport and to inspire people to lead better, healthier lives. Our vision is to be the global leader in premium sports and outdoor brands. With corporate offices in Helsinki, Munich, Krak√≥w, and Shanghai, we have operations in 41 countries and our products are sold in 100+ countries.

 

Perfect Moment Ltd. (NYSE American:PMNT) is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear. Perfect Moment creates apparel and products that feature what it believes is an unmatched combination of fashion, form, function and fun for women, men and children.

The idea for the Perfect Moment brand was born in Chamonix, France in 1984, when the professional skier and extreme sports filmmaker, Thierry Donard, began making apparel for his team of free-ride skiers and surfers. Donard used his experience to create designs that were characterized by quality, style and performance to enable his athletes to achieve their perfect ski-run or perfect wave-ride: that "perfect moment." His designs – combining high performance materials with daring prints and colors – were inspired by his team of free-ride skiers and surfers. Today, the brand continues to draw on its rich heritage of performance garments and statement designs. Retro-inspired vivid and bold color palettes complement technical fabrics to deliver fashion, form, function and fun for women, men and children.

 

New Stocks Added to the Retail Directories:

BBB FOODS INC (NYSE:TBBB) through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products. In addition, it offers its products through online. The company serves low-to-middle income households.

 

New Stocks Added to the Safety and Security Directories:

Unusual Machines, Inc. (NYSE American: UMAC) is focused on becoming a first-person view (FPV) drone technology market leader. Simultaneously with the closing of the IPO, the Company acquired Fat Shark which is the leader in FPV, designing and manufacturing ultra-low latency video goggles for drone pilots, as well as Rotor Riot which is a rapidly growing ecommerce marketplace, backed by the largest community of FPV drone pilots in the world. The closing of the acquisitions is part of our vision to enable people to be part of the robotics revolution. Headquartered in Puerto Rico, the Company is bringing together great teams, valuable IP, and high-quality brands, in order to become a leader within the highly fragmented drone industry.

 

J-Long Group Ltd (Nasdaq:JL) is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. The Company has nearly 30 years of experience in the apparel industry and has served over 100 international brands globally, including outerwear and sportswear brands, uniform and safety workwear brands and fashion brands. The Company has more than 25 years working relationship with a leading U.S. multinational conglomerate listed on the New York Stock Exchange, who is also the Company’s primary supplier of materials. The Company has been its authorized distributor of 3M™ Scotchlite™ reflective materials since 2000. The leading U.S. multinational conglomerate sells its 3M™ Scotchlite™ reflective materials through regional distributors across the world. The Company is a long-standing channel partner and one of the leading converters of 3M™ Scotchlite™ reflective materials, serving a range of global brands. As a converter for 3M™ Scotchlite™ reflective materials, it involves providing adhesive solutions by offering custom shaped parts designed to the specification requirements of the customer.

 

New Stocks Added to the Entertainment Directories:

LiveOne, Inc. (NASDAQ:LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company's wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach Records, CPS, LiveXLive, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications.

 

New Stocks Added to the Homebuilder Directories:

DIRTT Environmental Solutions Ltd. (TSX:DRT) is a leader in industrialized construction. DIRTT’s system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT’s system provides total design freedom, and greater certainty in cost, schedule, and outcomes. DIRTT’s interior construction solutions are designed to be highly flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve.

 

New Stocks Added to the Agriculture Directories:

Ceres Global Ag Corp. (TSX: CRP) and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high–quality agricultural commodities, value– added products and raw materials. Leveraging its network of commodity logistics centers and team of industry experts, Ceres connects farmers to customers around the world.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

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Leveraging artificial intelligence for vision applications and technologies market expected to reach 45 billion by 2028: @FNMgroup

Leveraging artificial intelligence for vision applications and technologies market expected to reach 45 billion by 2028: @FNMgroup

 



Palm Beach, FL – March 1, 2024 – FN Media Group News Commentary –  Artificial Intelligence (AI) technology is growing in numerous markets especially in vision enabled technologies. AI computer vision has numerous emerging applications in several fields, including agriculture, logistics, and manufacturing, which can significantly benefit from the application of this technology. Advancements in deep learning algorithms increased data availability, faster and cheaper computing power, and advancements in hardware technology like GPU and TPU are the driving factors of the AI in computer vision industry. Moreover, the market players are expected to benefit from the government’s initiatives aimed at supporting industrial automation and integrating AI into edge devices, creating profitable opportunities for them.  A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.  The report said: “Increasing demand for automation and efficiency is one of the key drivers for the AI in the computer vision market growth. Automation and efficiency can help businesses save time and resources and improve the accuracy of decision-making processes. This is why many industries are now implementing AI computer vision technologies to automate their processes and enhance efficiency.” Active Tech Companies in today’s markets include:  Rail Vision Ltd. (NASDAQ: RVSN), C3.ai, Inc.  (NYSE: AI), SoundHound AI, Inc. (NASDAQ: SOUN), Microsoft Corporation (NASDAQ: MSFT), Okta, Inc. (NASDAQ: OKTA).

 

MarketsAndMarkets continued: “AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period. The market for AI platforms has been growing rapidly in recent years, driven by increasing demand for advanced technologies and the growing use of AI in a wide range of industries. Factors driving this growth include the increasing adoption of AI in healthcare, finance, and retail industries, as well as the growing use of AI in emerging technologies such as the Internet of Things (IoT) and edge computing. Additionally, the increasing availability of data, improvements in computing power, and advancements in machine learning algorithms have also contributed to the growth of the AI platform market.  AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period. The market for AI platforms has been growing rapidly in recent years, driven by increasing demand for advanced technologies and the growing use of AI in a wide range of industries. Factors driving this growth include the increasing adoption of AI in healthcare, finance, and retail industries, as well as the growing use of AI in emerging technologies such as the Internet of Things (IoT) and edge computing. Additionally, the increasing availability of data, improvements in computing power, and advancements in machine learning algorithms have also contributed to the growth of the AI platform market.”

 

Rail Vision Ltd. (NASDAQ: RVSN) Joins NVIDIA Metropolis to Boost Railway Safety Systems – Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms in its advanced railway safety systems – Rail Vision Ltd. (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announces that it is joining NVIDIA Metropolis, a partner program, application framework, and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

 

NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments, and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems. The Metropolis ecosystem contains a large and growing breadth of members investing in advanced AI techniques and efficient deployment platforms and uses an enterprise-class approach to their solutions. Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts. Additionally, the program offers the opportunity for members to collaborate with industry-leading experts and other AI-driven organizations.

 

By joining Metropolis, Rail Vision hopes to gain a significant advantage in developing and deploying AI-driven solutions that are tailored to the unique needs of the rail sector through the opportunity of leveraging NVIDIA’s extensive technological expertise and integrating its cutting-edge technology.

 

Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.   CONTINUED… Read the full Press Release for Rail Vision at:  https://ir.railvision.io/news-events/press-releases

 

In other active tech company developments in the tech market include: 

 

C3.ai, Inc.  (NYSE: AI), the Enterprise AI application software company, recently announced financial results for its fiscal third quarter ended January 31, 2024.  “We had a great quarter. Total revenue of $78.4 million grew 18% year-over-year, exceeding our guidance range. Customer engagement grew 80% year-over-year,” said C3 AI CEO and Chairman Thomas M. Siebel. “Our significant first mover advantage in Enterprise AI is generating tailwinds as market interest in adopting AI accelerates.”

 

Fiscal Third Quarter 2024 Financial Highlights Were:  Revenue: Total revenue for the quarter was $78.4 million, an increase of 18% compared to $66.7 million one year ago; Subscription Revenue: Subscription revenue for the quarter was $70.4 million, constituting 90% of total revenue, an increase of 23% compared to $57.0 million one year ago; Gross Profit: GAAP gross profit for the quarter was $45.3 million, representing a 58% gross margin. Non-GAAP gross profit for the quarter was $54.7 million, representing a 70% non-GAAP gross margin; Net Loss per Share: GAAP net loss per share was $(0.60). Non-GAAP net loss per share was $(0.13).  Cash Reserves: $723.3 million in cash, cash equivalents, and marketable securities; and Customer Engagement: Customer Engagement for the quarter was 445, an increase of 80% compared to 247 one year ago.

 

SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced that its voice assistant with integrated ChatGPT will be the first to go into full production with an international automaker. SoundHound Chat AI for Automotive was the first generative AI-enabled in-vehicle voice assistant on the market in April 2023, and will be available in Stellantis DS Automobiles starting next month, less than a year later.

 

Following a successful pilot with DS vehicles in the UK, Spain, France, Germany, and Italy, the automaker will now make its SoundHound Chat AI-powered assistant, Iris, available in thirteen languages across eighteen countries. The most sophisticated assistant available today, Iris can respond to a vast range of questions from hundreds of real-time domains, as well as large language models like ChatGPT.

 

A recent story by Reuters said Microsoft Corporation (NASDAQ: MSFT) previewed an artificial intelligence tool for customers’ finance departments, part of a strategy tailoring new software to industries, professionals and ultimately individuals. The company said its tool, called Microsoft Copilot for Finance, helps users review data sets for risks, produce reports from raw numbers, and generally handle tasks they might otherwise outsource. It did not announce pricing or a date for wider availability.

 

The new AI tool follows similar ones Microsoft has marketed for salespeople and customer-service representatives.  Those typically cost $20 per user per month, on top of the subscription fees for software necessary to use these tools, such as its $30 Copilot for Microsoft 365. Emily He, a corporate vice president, told reporters that Microsoft may tailor future Copilots for marketing and supply-chain work.

 

Okta, Inc. (NASDAQ: OKTA), the leading independent identity partner, recently announced three new executive appointments on its go to market team as customers embrace the increasing importance of Identity. Eric Kelleher has been promoted to President, Customer Experience & Communications, Ed Daly has been promoted to Chief Customer Officer (CCO), and Christine Halvorsen has joined Okta as the company’s first Chief Technology Officer (CTO) for Public Sector.

 

These appointments highlight Okta’s commitment to investing in its go to market leadership and unlocking new growth through stronger engagement with new and existing customers. They follow the recent appointments of Jon Addison as Chief Revenue Officer and Kerry Ok as Chief Marketing Officer.

 

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