The #AIEye: Cisco (Nasdaq: $CSCO) to Acquire CloudCherry, NVIDIA (Nasdaq: $NVDA) and VMware (NYSE: $VMW) to Deliver Accelerated GPU Services on #Cloud for AWS (Nasdaq: $AMZN)
Global Wearable #AI Devices Market to Reach $49.24 Billion by 2024
Point Roberts WA, Vancouver BC – August 26, 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
Stocks discussed: (NasdaqGS:CSCO) (NasdaqGS:NVDA) (NYSE:VMW) (NasdaqGS:AMZN)
Cisco Systems, Inc. (NasdaqGS:CSCO) has announced its intent to acquire predictive analytics provider CloudCherry. According to the press release, this acquisition will help in Cisco’s new cognitive and collaborative contact center, which uses artificial intelligence and machine learning to empower agents in providing more personalized customer experiences. Vasili Triant, vice president and general manager, Cisco Contact Center Solutions, commented:
"We're thrilled to add CloudCherry's market leading customer experience management technology to our collaboration portfolio. This is the next step in realizing our vision for cognitive collaboration in the contact center, enabling the delivery of the best, most personalized customer experiences, ultimately improving customer loyalty and lifetime value."
NVIDIA Corporation (NasdaqGS:NVDA) and VMware, Inc. (NYSE:VMW) have announced their intent to deliver accelerated GPU services for VMware Cloud on AWS, a subsidiary of Amazon (NasdaqGS:AMZN), to power modern enterprise applications, including AI, machine learning and data analytics workflows. Jensen Huang, founder and CEO, NVIDIA, explained:
“From operational intelligence to artificial intelligence, businesses rely on GPU-accelerated computing to make fast, accurate predictions that directly impact their bottom line. Together with VMware, we’re designing the most advanced GPU infrastructure to foster innovation across the enterprise, from virtualization, to hybrid cloud, to VMware's new Bitfusion data center disaggregation.”
Pat Gelsinger, CEO, VMware, added:
“Our customers are embracing the unique value of VMware Cloud on AWS to accelerate the migration and modernization of business-critical applications. Through new innovations driven by partnerships we have with industry leaders such as NVIDIA and AWS, we will bring best-in-class GPU acceleration services for the most intense data-driven workloads and modern applications across the hybrid cloud.”
Global Wearable AI Devices Market to Reach $49.24 Billion by 2024
A report from Prescient & Strategic Intelligence finds that the global Wearable AI Devices market will grow from $11.18 billion USD in 2018 to $49.24 billion in 2024 with a compound annual growth rate (CAGR) of 29 percent in the forecast period 2019-2024. The following excerpts outline trends and drivers in the market:
Increasing demand for VR headsets is a key trend observed in the wearable AI devices market. With increasing smartphone penetration and growing trend of mobile and cloud gaming, the use of VR headsets among consumers is increasing. Furthermore, the video games market is expected to reach $92 billion by 2020 as compared to $76 billion in 2017. As a result, the market players are focusing on the launch of VR headsets to offer best visual experience, with additional focus on sound quality, and improve the overall gaming experience for the users.
Growing adoption of AI-supported wearables for healthcare applications is one of the major factors driving the wearable AI devices market, globally. This can be mainly attributed to the growing consumer focus on a healthy lifestyle and increasing awareness on AI-powered wearable devices and the convenience associated with them. AI-enabled wearables allow the users to track what they eat and how much they should sleep in addition to suggesting the changes in their routine to improve their fitness level.
Sam Mowers, Investorideas.com
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