The #AIEye: NVIDIA (Nasdaq: $NVDA) and Microsoft (Nasdaq: $MSFT) Announce #Tech Collaboration, Nuance (NASDAQ: $NUAN) to Demo Dragon Law Enforcement
Global Machine Learning Market to Reach $20.83 Billion USD by 2024
Point Roberts WA, Vancouver BC – October 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: (NasdaqGS:NVDA) (NasdaqGS:MSFT) (NasdaqGS:NUAN) (NasdaqGS:LOGM)
NVIDIA Corporation (NasdaqGS:NVDA) has announced a technology collaboration with Microsoft (NasdaqGS:MSFT). Focussed on the integration of Microsoft Azure and NVIDIA EGX to advance edge-to-cloud AI computing capabilities. Jensen Huang, founder and CEO of NVIDIA, explained:
“The age of intelligent edge computing has arrived. The world’s largest industries want to have AI computing at the edge, to extract insight from continuous streams of data, and to sense, reason and act at the point of action. In time, this will be the largest-scale computing ever created, connecting trillions of smart sensors. NVIDIA’s and Microsoft’s platforms dovetail to offer customers an end-to-end solution from edge to cloud.”
Nuance Communications, Inc. (NasdaqGS:NUAN) is set to demonstrate Dragon Law Enforcement, its speech recognition solution tailored for the public safety sector at the International Association of Chiefs of Police (IACP) conference in Chicago, Illinois. According to the press release, the technology helps officers “modernize incident reporting, gain tremendous time savings, and improve safety conditions”. Mark Geremia, vice president and general manager of Dragon Professional and Consumer Solutions, Nuance, commented:
“The momentum we’re experiencing in the market stems from a strong collaboration with our law enforcement partners to build technology that understands their challenges and the opportunities for improvement. We’re privileged to offer our law enforcement customers across the nation a solution that helps them do their jobs more effectively and plays a significant role in improving the welfare of officers and the neighborhoods they serve.”
LogMeIn, Inc. (NasdaqGS:LOGM) has announced the launch of Bold360 Helpdesk which leverages AI-powered chatbots to modernize employee support. Ryan Lester, Senior Director, Customer Engagement Technologies, LogMeIn, commented:
“Finding your company’s guest Wi-Fi password shouldn’t be like finding a needle in a haystack, but the average employee spends nearly a third of their day searching for information via cumbersome, and often outdated, internal systems. Employees don’t want to work with these difficult systems that lead to old or missing content, more frustration and waning productivity. It can feel like a never-ending cycle; but with Bold360 Helpdesk, we’re breaking that cycle to enable employees to work in a way that’s convenient for them and makes it easier to find what they need, so they can spend more time focusing on their core work.”
Global Machine Learning Market to Reach $20.83 Billion USD by 2024
A report from Zion Market Research finds that the global machine learning market is projected to reach $20.83 billion USD by 2024 with a compound annual growth rate (CAGR) of 44.06 percent in the forecast period 2017-2024. The following excerpts from the report analysis read:
Machine Learning aids in the continuous advancement of computing with exposure to new adaptation, testing, and scenario. It is an application of artificial intelligence that equips the system with the ability of self-learning and improving from experience without being explicitly programmed. Some common machine learning methods are supervised machine learning algorithms, unsupervised machine learning algorithms, semi-supervised machine learning algorithms, and reinforcement machine learning algorithms.
The introduction of machine learning has transformed many industries which holds the benefits such as smart manufacturing, predictive maintenance, autonomous vehicles and interactive machines in production, optimized energy management for climate and energy change, quality control or test automation, and more.
Sam Mowers, Investorideas.com
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