The AI Eye: Honeywell (NYSE: $HON) Acquires Transnorm, Fortinet (NasdaqGS: $FTNT) Announces 50 Security Fabric Solutions Have Been Approved for Dept. of Defense Product List
AI Chipset Market Could Grow to More Than $59 Billion by 2024 According to Market Research Engine Report
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: Honeywell (NYSE: $HON) Acquires Transnorm, Fortinet (NasdaqGS: $FTNT) Announces 50 Security Fabric Solutions Have Been Approved for Dept. of #Defense Product List
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI Chipset Market Could Grow to More Than $59 Billion by 2024 According to Market Research Engine Report
A report from Market Research Engine forecasts that the global AI chipset market could exceed $59 billion USD by 2024 with a compound annual growth rate of 36 percent. The report pegs the increasing demand of technology like specialized chipsets to the high growth in computing applications. It also lists the driving factors of the market as being: Increasingly large and complicated dataset driving the requirement for AI, adoption of AI for up client services and reducing operational prices, the growing range of AI applications and increasing computing power and declining hardware price. The report breaks the AI chipset market into four categories: Component type, Technology type, end-user type and regional analysis.
Honeywell Acquires Transnorm, Fortinet Announces 50 Security Fabric Solutions Have Been Approved for Dept. of Defense Product List and Datametrix AI Announces the Public Listing of Graph Blockchain, Inc.
Stocks discussed: (NYSE:HON) (NasdaqGS:FTNT) (TSX:DM.V) (CSE:GBLC)
Honeywell International Inc. (NYSE:HON) has completed the acquisition of Transnorm, a warehouse automation solutions provider. The German-based Transnorm was acquired from IK Investment Partners for €425 million EUR ($482 million USD). According to the press release, Transnorm will be integrated into Honeywell Safety and Productivity Solutions (SPS). John Waldron, president and CEO of Honeywell SPS, commented on the acquisition:
"Transnorm is an excellent addition to our portfolio of warehouse automation solutions, and will help us better support European distribution centers and parcel delivery providers that are responding to significant e-commerce growth. Our Connected Distribution Center offering delivers higher throughput, greater flexibility and better visibility into real-time operations to give our customers the ability to make better business decisions."
Fortinet, Inc. (NasdaqGS:FTNT), a global leader in high performance network security, today announced that over 50 additional Fortinet Security Fabric solutions have achieved Department of Defense Information Network (DoDIN) Approved Products List (APL) certification.
Datametrix AI Limited (TSX:DM.V) today announced that the Canadian Securities Exchange (CSE) has approved listing for the common shares of Graph Blockchain, Inc. According to the press release, Graph Blockchain, Inc. is the resulting issuer of the reverse takeover transaction between Graph Blockchain Limited, an associate company of Datametrex, and Reg Technologies Inc. The company will begin trading today on the CSE under the ticker symbol GBLC.
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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