The #AIEye: Microsoft (Nasdaq: $MSFT) and BMW Announce Open Manufacturing Platform, Intel (Nasdaq: $INTC) Invests $117 Million in #AI Startups and HP’s (NYSE: $HPE) Aruba Introduces AI-Powered ClearPass Device Insight Solution
Global AI in BFSI to See 40% CAGR From 2019-2026
Point Roberts WA , Vancouver BC – April 2, 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 AI in BFSI to See 40% CAGR From 2019-2026
A report from The Research Insights finds that the global AI in BFSI (banking, financial services and insurance) market will exhibit a compound annual growth rate (CAGR) of 40 percent in the forecast period 2019-2026. An excerpt from the report description reads:
Financial institutes are leveraging on the AI to collect, report, and analyze large chunks of data to extract meaningful insights about the customers to meet their requirements. The ability of the technology to perform tasks, such as processing natural language and recognizing images, speech & text, and advanced machine learning algorithms, is a factor that will augment demand for the technology. The need to provide better customer support, enhance process automation, and improve decision-making process generates the demand for artificial intelligence in the BFSI market.
Microsoft and BMW Announce Open Manufacturing Platform, Intel Invests $117 Million in AI Startups and HP’s Aruba Introduces AI-Powered ClearPass Device Insight Solution
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:INTC) (NYSE:HPE)
Microsoft (NasdaqGS:MSFT) and BMW Group have announced the Open Manufacturing Platform (OMP), a “new initiative to drive open industrial IoT development and help grow a community to build future Industry 4.0 solutions”. Scott Guthrie, executive vice president, Microsoft Cloud + AI Group, said:
"Microsoft is joining forces with the BMW Group to transform digital production efficiency across the industry. Our commitment to building an open community will create new opportunities for collaboration across the entire manufacturing value chain."
Intel Corporation (NasdaqGS:INTC) has announced $117 million of investments in 14 tech startups creating AI platforms at the Intel Capital Global Summit this week. Wendell Brooks, Intel senior vice president and president of Intel Capital, said:
“Intel has driven disruption for the last 50 years, changing the way we live by making compute ubiquitous. Intel Capital is continuing that legacy of disruption with these investments. These companies are shifting the way we think about artificial intelligence, communications, manufacturing and health care – areas that will become increasingly essential in coming years as the linchpins of a smarter, more connected society.”
Hewlett Packard (NYSE:HPE) company Aruba has introduced the AI-powered ClearPass Device Insight solution, which “delivers a single pane of glass for device visibility employing automated device discovery, machine learning (ML) based fingerprinting and identification”. According to the press release, “these solutions allow enterprises to remove IoT security and connectivity barriers, while decreasing associated operational costs and complexities”.
Sam Mowers, Investorideas.com
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