The #AIEye: VMware (NYSE: $VMW) Completes Acquisition of Uhana and Baidu (Nasdaq: $BIDU) Makes Strategic Agreement with Chongqing Government
Global #AI in IoT Market to Reach $19.9 Billion by 2025
Point Roberts WA, Vancouver BC – August 27, 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: (NYSE:VMW) (NasdaqGS:BIDU)
VMware, Inc. (NYSE:VMW) has completed the acquisition of AI and machine learning optimization provider Uhana. An article today from FierceTelecom quotes Gabriele di Piazza, vice president of managed products and solutions for telco NFV and edge cloud, VMware, on Uhana’s utility in 5G radio access networks (RANs):
"We see a major change coming with all the radio aspects. We invested in Uhana to provide fine-grained streaming analytics, which actually leverage direct feeds from radio networks, and then we can apply AI techniques, such as machine learning, to what we call observe, predict and control your network.
With Uhana, we are getting deep into the network. RAN is probably one of the most complicated assets that every telco is managing, and it's just about to become even more complicated with 5G and radio densification. We're getting to the heart of understanding the radio in every single session and transaction with Uhana."
Baidu, Inc. (NasdaqGS:BIDU) has announced a strategic partnership with the municipal government of Chinese city Chongqing to collaborate in areas including autonomous driving, smart cities, smart government and blockchain solutions. Robin Li, Co-Founder, Chairman and CEO of Baidu, explained:
"Chongqing is a city with an innovative spirit, and a national front-runner when it comes to promoting the comprehensive integration of AI and big data into the economy, as well as intelligent transformation and industrial upgrading.
As an AI company, Baidu has been committed to empowering all walks of life through AI. We believe that deepening cooperation between Baidu and Chongqing will accelerate technological innovation and applications in areas closely linked to people's everyday lives and Chongqing will become an intelligent and innovative mountain city attracting more worldwide attention.”
Global AI in IoT Market to Reach $19.9 Billion by 2025
A report from Zion Market Research finds that the global AI in IoT market will reach $19.9 billion USD by 2025 with a compound annual growth rate (CAGR) of 25.89 percent in the forecast period 2019-2025. An excerpt from the report analysis reads:
The AI in IoT market is gaining acceptance globally, owing to its rising demand by industrial sectors, enterprises, companies, and business[es] that have already implemented or are in the process of implementing AI in IoT to efficiently manage work. AI is playing a vital role in IoT as the former has secured its place in numerous sectors, such as vision sensors, to identify accuracy, product orientation, and enhanced process flow by decreasing waste and removing defective products. Moreover, the rising demand for road safety, growing concerns for new infrastructure and devices, such as sensors and video camera[s] to monitor drivers’ behavior and driving patterns to find the cause of road accidents, are also projected to propel the AI in IoT market over the predicted time period.
Sam Mowers, Investorideas.com
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