The AI Eye: IBM ( $IBM) 10-Year Deal with Brazilian Soccer Club to Leverage Watson in Digitalization, Amazon ( $AMZN) Announces Fulfillment Center in Mississippi
AI in Food and Beverage Market to See CAGR of 42.18% from 2017 to 2021
Point Roberts, WA and Vancouver, BC - December 24, 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: #IBM ( $IBM) 10-Year Deal with Brazilian Soccer Club to Leverage Watson in Digitalization, #Amazon ( $AMZN) Announces Fulfillment Center in Mississippi
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI in Food and Beverage Market to See CAGR of 42.18% from 2017 to 2021
Research from Technavio on global artificial intelligence in the food and beverage market, indicates that that market will see a compound annual growth rate (CAGR) of 42.18 percent from 2017 to 2021. The report identifies food safety improvement regulations as a key market driver while citing limited automation in developing countries as a potential impediment to the market. An excerpt from the report summary reads:
AI technologies have been developed over the years, to assist humans in deliberating, deducing, analyzing, and inventing new technologies that can help end-users. AI embodies multiple disciplines that allow computers to perform functions associated with human intelligence such as reasoning, problem-solving, and learning. Manufacturers in the F&B industry can experience several benefits by deploying AI technology in the manufacturing sector.
IBM 10-Year Deal with Brazilian Soccer Club to Leverage Watson in Digitalization, Amazon Announces Fulfillment Center in Mississippi and Kraken Closes $6 Million "Bought Deal"
Stocks discussed: (NYSE:IBM) (NasdaqGS:AMZN) (TSXV:PNG)
IBM (NYSE:IBM) has announced a 10-year deal with Brazilian soccer club, Corinthians, to start "digital transformation to modernize its Arena, capture players' performance insights and offer a fan-first digital reinvention". IBM General Manager, Antonio Martins, explained:
"Corinthians is leveraging Watson Artificial Intelligence to redefine the way we will experience soccer through its digital reinvention. The club has been pioneering and innovating to improve the experience, comfort, connectivity, engagement and communication of its fans in the games, in addition to expanding its opportunities of business and partnerships. We are excited to be the partner of choice in leading a new era of soccer experience through AI, cloud, driving digital transformation through IBM Services in the Brazilian sport environment."
Amazon (NasdaqGS:AMZN) has recently announced plans for a fulfillment center in Mississippi, which will create 850 full-time jobs. The 554,000 square foot center boasts a $15 minimum starting wage, comprehensive healthcare from day one, 401(k) with 50 percent match and up to 20 weeks paid parental leave.
Kraken Robotics Inc. (TSXV:PNG) has closed its bought deal short form prospectus offering. A total of 15,000,000 common shares were sold at a price of $0.40 per Common Share for a total of $6,000,000. According to the press release:
The net proceeds of the Offering are expected to be used by the Company for leasehold improvements, capital expenditures, technology and licensing payments, additional equity investments in Kraken Power GmbH, parts and inventory, and general corporate and working capital purposes, as more particularly described in the Company's final prospectus.
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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