The #AIEye: VMware (NYSE: $VMW) to Acquire Carbon Black (Nasdaq: $CBLK) and Datametrex (TSXV: $DM.V) Enters LOI to Acquire Semeon Analytics
#AI in #IoT to Reach $21.1 Billion by 2026
Point Roberts WA, Vancouver BC – August 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
Stocks discussed: (NYSE:VMW) (NasdaqGS:CBLK) (TSXV:DM)
VMware, Inc. (NYSE:VMW) has entered a definitive agreement to acquire Carbon Black, Inc. (NasdaqGS:CBLK) for $26 per share, representing an enterprise value of $2.1 billion. Carbon Black is a security cloud provider and will enable VMware to “better protect enterprise workloads and clients through big data, behavioral analytics and AI”. Pat Gelsinger, CEO, VMware, said:
“The security industry is broken and ineffective with too many fragmented solutions and no cohesive platform architecture. By bringing Carbon Black into the VMware family, we are now taking a huge step forward in security and delivering an enterprise-grade platform to administer and protect workloads, applications and networks. With this acquisition, VMware will also take a significant leadership position in security for the new age of modern applications delivered from any cloud to any device.”
Datametrex AI Limited (TSXV:DM) has entered into a binding letter of intent (LOI) to acquire all the outstanding shares of Montreal-based AI company Semeon Analytics Inc. Andrew Ryu, CEO and Chairman of Datametrex, commented:
“I am thrilled to announce signing this binding LOI with Semeon. We have been looking for an AI and machine learning company that would compliment Nexalogy and diversify the Company’s revenue stream. Nexalogy does great work with Government and Military clients focusing on the collection and analysis of unstructured data. Semeon has a very powerful AI, analytics, and reporting platform that focuses on structured data providing its clients with precise Voice of Customer analytics. Semeon has done a fantastic job securing many fortune 500 companies as clients and will provide Datametrex an additional platform to sell to our clients.”
AI in IoT to Reach $21.1 Billion by 2026
A report from Esticast Research finds that the global AI in IoT market will reach $21.1 billion USD by 2026 with a compound annual growth rate (CAGR) of 27.1 percent in the forecast period 2018-2026. An excerpt from the report overview reads:
IoT is about connecting machines and making use of the data generated from those machines. However, AI is about simulating intelligent behavior in machines of all kinds.
Effective management of data generated from IoT devices to gain valuable insights, and reduced maintenance cost and downtime are some of the factors driving the growth of the global AI in IoT market. However, lack of skilled workforce may act as some of the key hindrances for the market growth. Moreover, real-time monitoring to deliver an exceptional customer experience is likely to gain significant impetus for the AI in IoT market share in the coming years.
Sam Mowers, Investorideas.com
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