The #AIEye: Qualcomm Technologies’ ( $QCOM) Snapdragon 855 Powering Samsung Galaxy S10 Lineup and NEC Australia Partners with NICE ( $NICE) inContact
#AI in #Agriculture to Reach $790 Million USD by 2024 at 21.8% CAGR
Point Roberts WA , Vancouver BC – February 21, 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI in Agriculture to Reach $790 Million USD by 2024 at 21.8% CAGR
Research recently published from WiseGuyReports finds that the global AI in agriculture market will grow from $240 million in 2019 to $790 million in 2024 with a compound annual growth rate (CAGR) of 21.8 percent in the same forecast period. An excerpt from the report summary reads:
“Artificial Intelligence (AI) in Agriculture Market size is being driven by the growing adoption of the robots in agriculture. Increasing consumption and rising requirement of better yield of crops are estimated to be one of the major factors that is fueling the demand of robots in agriculture. Increasing consumption motivates farmers to scale up farming operations and give rise to the requirement of automating farming operations. As the farmers are shifting more towards automation, drones and robots have become integral part of agriculture farms and are enhancing yield and improving the product quality. Since AI is the backbone of robotics, increasing adoption of robots in agriculture is estimated to drive the AI in agriculture market growth.”
Qualcomm Technologies’ Snapdragon 855 Powering Samsung Galaxy S10 Lineup and NEC Australia Partners with NICE inContact
Stocks discussed: (NasdaqGS:QCOM) (KSE:005930) (NasdaqGS:NICE)
Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NasdaqGS:QCOM) has announced that its Snapdragon™ 855 Mobile Platform is powering the Samsung Galaxy S10 lineup from Samsung Electronics Co. (KSE:005930). The Snapdragon platform supports multi-gigabit connectivity and industry-leading on-device artificial intelligence. Alex Katouzian, senior vice president and general manager of mobile at Qualcomm Technologies, Inc., said:
"We are extremely proud to share our technology inventions and help bring 5G to the world through cutting-edge devices like the Samsung Galaxy S10. The Samsung Galaxy S10 powered by the Snapdragon 855 Mobile Platform is designed to deliver the experiences today's consumers demand."
Tech company NEC Australia has partnered with cloud software provider NICE inContact, a part of NICE Ltd (NasdaqGS:NICE). According to the press release, the NICE inContact CXone “combines best-in-class Omnichannel Routing, Analytics, Workforce Optimization, Automation and Artificial Intelligence – all on an Open Cloud Foundation”. Paul Jarman, CEO of NICE inContact, commented:
“We’re excited to partner with NEC Australia given their strength in the market and shared commitment to helping companies of all sizes achieve their business goals. Together we will provide a unified, complete cloud customer experience platform in CXone that powers exceptional customer experiences in today’s modern digital economy.”
Sam Mowers, Investorideas.com
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