The #AIEye: Intel (Nasdaq: $INTC) and Lenovo Announce Multi-Year HPC/AI Collaboration, HPE (NYSE: $HPE) Acquires MapR #AI Tech and Nuance (Nasdaq: $NUAN) Reveals Name of Automotive Spin-Off
Global #AI in Retail to See 35.4% CAGR from 2019-2024
Point Roberts WA , Vancouver BC – August 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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Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/08051AIEye-INTC-Lenovo-HPE-NUAN.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:INTC) (NYSE:HPE) (NasdaqGS:NUAN)
Intel Corporation (NasdaqGS:INTC) and Lenovo Group Limited (HKSE:992) have announced a multi-year collaboration to accelerate solutions using high performance computing (HPC) and artificial intelligence. The two companies will work to converge HPC and AI by integrating each other’s technologies. Navin Shenoy, Intel executive vice president and general manager of the Data Center Group, said:
“Intel is laser-focused on helping our customers spur innovation and discovery through the convergence of AI with HPC. Our extended collaboration with Lenovo combines the best of both companies’ innovations to drive our customers’ progress forward even faster.”
Hewlett Packard Enterprise Company (NYSE:HPE) has acquired the business assets of software company MapR. This includes the latter’s technology, intellectual property, and domain expertise in artificial intelligence and machine learning (AI/ML) and analytics data management. Antonio Neri, president and CEO of Hewlett Packard Enterprise, explained:
“The explosion of data is creating a new era of intelligence where the winners will be the ones who harness the power of data, wherever it lives. MapR’s file system technology enables HPE to offer a complete portfolio of products to drive artificial intelligence and analytics applications and strengthens our ability to help customers manage their data assets end to end, from edge to cloud.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has revealed the name of its planned automotive spin-off company as Cerence Inc. Cerence Inc. will become an independent, publicly-traded automotive software company on October 1, 2019. An excerpt explains the company:
The business delivers immersive experiences that make people feel happier, safer, more informed, and more entertained in their cars. Bringing together voice, touch, gesture, emotion, and gaze innovations, it creates deeper connections between drivers, their cars and the digital world around them. It currently powers A.I. in more than 280 million cars on the road globally across more than 40 languages and for nearly every major automaker in the world...
Global AI in Retail to See 35.4% CAGR from 2019-2024
A report from Prescient & Strategic Intelligence finds that the global AI in Retail market, which was valued at $720 million USD in 2018, will see a compound annual growth rate (CAGR) of 35.4 percent in the forecast period 2019-2024. An excerpt from the report description outlines trends in the market:
Increasing adoption of AI technology among retailers for multi-channel marketing can be viewed as a key trend in the market. The large volume of data generated on the basis of in-store consumer behavior, e-mail marketing, and campaign management, when analyzed, helps identify consumption patterns and develop personalized campaigns, thus facilitating better decision making.
The adoption of technologies such as machine learning, deep learning, and chatbot is helping in transforming the entire marketing process in the retail industry. […] Moreover, the growing number of shopping channels, such as websites, physical retail stores, and mobile applications, has compelled retailers to employ AI technologies across these platforms to capture a larger customer base. This increased use of AI to monitor and analyze data is, thus, revolutionizing the retail industry, globally.
Sam Mowers, Investorideas.com
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