The AI Eye: Avnet ( $AVT) Works with Octonion to Create "Meta-Sensing" IoT Solution, Qualcomm ( $QCOM) Shares DIRBS Platform as Open Source, Nuance ( $NUAN) Sells Document Imaging Division to Focus on AI
Mobile AI Market in North America to See CAGR of 27% Between 2018 and 2024
Point Roberts, WA and Vancouver, BC - November 9, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.
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The AI Eye: Avnet ( $AVT) Works with Octonion to Create "Meta-Sensing" IoT Solution, Qualcomm ( $QCOM) Shares DIRBS Platform as Open Source, Nuance ( $NUAN) Sells Document Imaging Division to Focus on AI
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Mobile AI Market in North America to See CAGR of 27% Between 2018 and 2024
Stocks discussed: (NasdaqGS:AAPL)
In a new report from ResearchAndMarkets.com titled: North America Mobile Artificial Intelligence Market Analysis (2018-2024), the North American market for mobile AI is projected to grow at a 27.1 percent compound annual growth rate during the forecast period 2018 - 2024. The report surveys industry leaders in all North American countries and focuses on technology such as smartphones, cameras, automotive, robotics, AR/VR, drones and more. From the press release:
Mobile is the perfect platform for the implementation of AI applications. Mobile devices now offer various features which drives AI performance to a superior level. Smartphones now are equipped with GPS tracking, microphone and camera features. Apple (NasdaqGS:AAPL)has launched its iPhone X, loaded with an A11 Bionic chip, with a neural engine which is built for AI tasks such as Face ID's 3D scanning. The combination of AI technology with these built-in features makes the apps more relevant and personalized. Adoption of AI to contextualize user behavior is expected to lead to more valuable app sessions every time.
Avnet Works with Octonion to Create "Meta-Sensing" IoT Solution, Qualcomm Shares DIRBS Platform as Open Source and Nuance Sells Document Imaging Division to Focus on AI
Stocks discussed: (NasdaqGS:AVT) (NasdaqGS:QCOM) (NasdaqGS:NUAN)
Avnet, Inc. (NasdaqGS:AVT) and Intelligent Edge software provider Octonion, are working together to create a category of IoT solutions called "Meta-Sensing" that combines hardware and software that will allow engineers at any level to develop and deploy IoT solutions built with AI in as little as six to eight months. Lou Lutostanski, global vice president of IoT for Avnet said:
"Together, Avnet and Octonion are creating an industry-leading Meta-Sensing IoT solution that will quickly and cost efficiently allow customers to take their IoT project from idea to design, and prototype to production. It's a perfect example of Avnet's unique product development ecosystem in action."
Qualcomm (NasdaqGS:QCOM) announced that it has shared its Device Identification, Registration, and Blocking System (DIRBS) platform as freely downloadable open-source software. Qualcomm Incorporated senior director of IPR Enforcement, Mohammed Raheel Kamal, explained how the DIRBS platform will help to curb problems resulting from counterfeiting:
"Counterfeit devices are a significant problem worldwide and result in an estimated 45.3 billion EUR in lost sales to genuine manufacturers each year, according to a recent European Union Intellectual Property Office Study issued in February of 2017. Sharing the DIRBS solution as freely downloadable open-source software will allow the mobile industry to rapidly implement this powerful technology to help address counterfeiting and related issues around the globe."
Nuance Communications, Inc. (NasdaqGS:NUAN) announced today a definitive agreement to sell its Document Imaging division to Kofax, Inc., enabling the company to focus on its AI- and cloud- based solutions. Nuance CEO Mark Benjamin commented:
"Selling the Imaging division enables us to sharpen focus on our conversational AI- and cloud-related portfolio and accelerate the transformation well underway at the Company."
Sam Mowers, Investorideas.com
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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.
AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
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