The #AIEye: Wipro (NYSE: $WIT) Makes #AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program and Meredith (NYSE: $MDP) Partners with Ste. Michelle Wine Estates for AI-Generated Wine Pairings
Global Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR
Point Roberts WA , Vancouver BC – March 15, 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
Global Conversational AI Market to Reach $15.7 Billion by 2024 with 30.2% CAGR
According to research from Markets and Markets, the global market for conversational artificial intelligence is projected to grow from $4.2 billion in 2019 to $15.7 billion in 2024, at a compound annual growth rate (CAGR) of 30.2 percent. According to the report, personal assistants will grow at the highest CAGR in the forecast period. An excerpt reads:
Conversational AI plays a crucial role in personal assistant. Personal assistants can comprehend open conversations while contextualizing them to a case or scenario. Enterprises are leveraging AI technology by utilizing a combination of ML and NLU, which enables the assistants to be trained with industry-specific knowledge and unique business data for an accelerated time to market.
Wipro Makes AI Available on AWS, LogMeIn’s Bold360 Announces AI Scholarship Program and Meredith Partners with Ste. Michelle Wine Estates for AI-Generated Wine Pairings on Allrecipes
Stocks discussed: (NYSE:WIT) (NasdaqGS:LOGM) (NYSE:MDP)
Wipro Limited (NYSE:WIT) has made their AI and machine learning solutions available on Amazon Web Services (AWS) today. Rohit Adlakha, Vice President and Global Head of Wipro HOLMES and Automation Ecosystem, Wipro Limited commented:
“We have leveraged the Wipro HOLMES AI and Automation platform and AWS AI and ML services to build several outcome-driven solutions. In addition, we have published some of our machine learning models on AWS Marketplace for Machine Learnings. Our relationship with AWS allows us to leverage the combined might of Wipro HOLMES and AWS to solve complex business problems for our clients in areas such as procure to pay, contract management, and customer onboarding, across industry sectors.”
Bold360, an AI platform from LogMeIn, Inc., (NasdaqGS:LOGM) has announced the launch of the Bold360 Artificial Intelligence Scholarship Program. The scholarship, which is being supported in part by LogMeIn’s Corporate Social Responsibility program, Mission Possible, will grant one graduating high school or current college student $5,000 for tuition and $1,000 for books. Paddy Srinivasan, General Manager, Customer Engagement & Support Group at LogMeIn, said:
“At LogMeIn we believe in the power of education and its ability to shape the people that will someday shape our world. As a leader in bringing next-generation Artificial Intelligence to companies of all sizes, we know that access to education is crucial to developing the workforce that will build upon the technology advancements of today. This scholarship is part of our ongoing investment in the future leaders of our industry.”
Meredith Corporation (NYSE:MDP) has partnered with Ste. Michelle Wine Estates, the third-largest premium U.S. wine company. The partnership will see machine learning classify recipes on the Allrecipes website along with wines in the Ste. Michelle portfolio. From there, an AI-based algorithm then combines the classifications to automatically generate specific wine pairings for each recipe. This will generate suggested pairings and allow for meal-planning capabilities. Jim Mortensen, President and CEO of Ste. Michelle Wine Estates, said:
"We are very excited to partner with Meredith to accelerate consumer engagement with our portfolio of world-class wines. This data-driven approach represents a smarter, more impactful, results-oriented form of advertising, allowing us to reach high-value consumers at the point at which their wine purchasing decisions are made."
Sam Mowers, Investorideas.com
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