The #AIEye: VSBLTY (CSE: $VSBY.C) Forms Alliance with MGI For Enhanced Security Provision, Baidu (NASDAQ: $BIDU) Apollo Dominates Beijing Autonomous Driving Test
Point Roberts WA , Vancouver BC – April 5, 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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VSBLTY Forms Alliance with MGI For Enhanced Security Provision, Baidu Apollo Dominates Beijing Autonomous Driving Test and NICE Actimize Wins Fraud Prevention Innovation Award
Stocks discussed: (CSE:VSBY) (NasdaqGS:BIDU) (NasdaqGS:NICE)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) has formed an alliance with security firm Muller Group International (MGI) as a tech partner to enhance security provisions using the former’s facial recognition and weapons detection technology. VSBLTY Co-Founder and CEO Jay Hutton said:
"With more and more so-called soft targets being attacked around the world, heightened security is needed virtually everywhere. In most instances, our face-on cameras provide better facial recognition than overhead CCTV cameras to enable faster, professional security responses to threats. With this partnership with MGI we are advancing the increasingly important ability to provide security where it has never been available before.”
Baidu, Inc. (NasdaqGS:BIDU) has been recognized for its Apollo Autonomous Driving by the Beijing Autonomous Vehicles Road Test Report 2018. The report indicates that of the 56 test license plates issued by the Beijing municipal government, Baidu received 45. An excerpt from the press release indicates the company’s domination in the Road Test Distance category:
The total test distance recorded by vehicles of all eight companies was 95,420.9 miles in 2018 with Baidu alone reaching 86,922.3 miles – 91% of the total distance. After obtaining the first autonomous vehicle testing permit in Beijing in March 2018, Baidu has been gradually expanding its testing fleets and mileage.
NICE Ltd.’s (NasdaqGS:NICE) NICE Actimize’s Integrated Fraud Management platform, IFM-X, has won the the “Fraud Prevention Innovation Award” by FinTech Breakthrough. The IFM-X platform leverages automation and machine learning to optimize effectiveness while reducing the total cost of implementing and operating an enterprise fraud risk management system. Craig Costigan, CEO, NICE Actimize commented:
“NICE Actimize combines more than 20 years of in-depth fraud expertise with the latest in Artificial Intelligence and other advanced technologies. We think our industry-proven experience and range of enterprise fraud applications will help financial services organizations in their journey to adapt to a faster fraud environment, saving both time and money in the process. We thank FinTech Breakthrough for recognizing our innovation during this pivotal time in our industry.”
AI Software Platforms Market to Hit $11.3 Billion by 2023 with 28.1% CAGR
A report from Market Research Future finds that the global market for AI software platforms will grow from $2.75 billion in 2017 to $11.3 billion in 2023, with a compound annual growth rate (CAGR) of 28.1 percent in the forecast period. An excerpt from the report description reads:
The AI Software platforms perform tasks which are done by humans with the use of machines. AI platforms simulate the cognitive function that human minds accomplish. These include learning, problem solving, reasoning, and social intelligence. Expert systems such as Speech recognition, context aware computing, and machine vision are also involved in AI application. The major factors that contribute the market growth is the increase in the investment in research and development of AI technology. The top companies like Microsoft, IBM, Google, and others are investing in R&D as well as in acquisitions of startups and mergers with other firms in this field. The technology is evolving at a great speed and the recent advances in deep neural networks is one more factor for the growth of this market. The increasing deployment of AI in various applications such as forecasts and prescriptive models, chatbots, image and speech recognition, text recognition, face detection and sentiment analysis and many others has created a huge opportunity for this market.
Sam Mowers, Investorideas.com
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