The #AIEye: Microsoft (Nasdaq: $MSFT) and Johnson Controls (NYSE: $JCI) to Equip Bee’ah HQ with #AI and Smart Buildings Solutions, Qualcomm (NasdaqGS: $QCOM) Announces Digitization Project in Kazakhstan
Beroe Inc. Projects Global #AI Market to Hit $24.6 Billion USD by 2024
Point Roberts WA , Vancouver BC – April 23, 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
Microsoft (NasdaqGS:MSFT) and Johnson Controls International (NYSE:JCI) have announced an agreement with Middle East sustainability pioneer Bee’ah to equip the latter’s new headquarters in Sharjah, United Arab Emirates, with artificial intelligence and smart building solutions. Scott Guthrie, executive vice president, Cloud + AI Group, Microsoft, said:
"Together with Johnson Controls and Bee'ah, we are driving the digitization of smarter, more sustainable buildings and spaces. Bee'ah's iconic new headquarters will be among the first buildings globally to have end-to-end experiences designed and built on the Azure platform. Azure is the platform that can truly integrate across all the devices, systems and services required for such a large and diverse implementation. Microsoft has been able to reduce energy consumption by 20% on our own campus in Redmond by using machine learning on edge devices and in the cloud, and we can't wait to see what Bee'ah is able to do by applying this approach to its ultramodern new headquarters in Sharjah."
Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NasdaqGS:QCOM), has announced a digitization project with RealWear and UROS in Kazakhstan this year. According to the press release, the project “has the mission of supporting deployment of Smart Cities and accelerating XR global adoption to advance the development pace of Kazakhstan's economy by improving the productivity, safety and quality of life for its citizens”.
Datametrex AI Limited (TSXV:DM) has secured additional contracts for South Korean conglomerate Lotte Group worth $300,000 CAD. Andrew Ryu, CEO & Chairman of the Company, commented:
“It’s exciting to see the strides forward the Company is making. Lotte is an ideal client for our Artificial Intelligence and Machine Learning products, allowing us to address multiple divisions with our enterprise solutions. The company continues to execute with accretive and positive growth as we roll out our strategy.”
Beroe Inc. Projects Global AI Market to Hit $24.6 Billion USD by 2024
Global procurement intelligence firm Beroe Inc. projects that the global artificial intelligence market will reach $24.6 billion USD by 2023 at a compound annual growth rate (CAGR) of 40 percent. Furthermore, Beroe Inc. estimates that by as early as 2024, AI could replace nearly 50 percent of unskilled labor across the globe. Sridevi Akkarajuvenkata, Customer Success Lead at Beroe Inc., said:
"Global demand for artificial intelligence is increasing at a breakneck pace. Perhaps the biggest takeaway from our research is the profound impact of AI on the global employment landscape, with automation on track to create more than three million jobs by 2030. As new cloud-based platforms and AI startups enter the industry every day, key AI technologies such as Machine Learning and Natural Language Processing are evolving rapidly, increasing the capabilities of AI across a range of industries."
Sam Mowers, Investorideas.com
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