The #AIEye: Oracle (NYSE: $ORCL) Announces New Innovation and #Technology Center in Portugal and VMware (NYSE: $VMW) Completes Carbon Black Acquisition
Global Conversational #AI Market to Exceed $15 Billion by 2024
Point Roberts WA, Vancouver BC – October 10, 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.
Listen to today’s podcast:
Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/10101AIEye-ORCL-VMW.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:ORCL) (NYSE:VMW)
Oracle Corporation (NYSE:ORCL) has unveiled a new Innovation and Technology Center in Porto, Portugal. According to the press release, the “center will focus initially on delivering breakthrough retail innovations leveraging the latest technologies, including artificial intelligence and machine learning”. Portugal Country Leader Bruno Morais commented:
"Oracle Portugal is delighted to see Oracle's Global Retail business unit's commitment to and investment in people and technologies in Porto. Similarly, we are delighted to contribute to the development of Porto through the creation of this global technology and innovation hub. As it is true for all Oracle offices, we will actively foster community support and get involved in local causes to enrich the area wherever we can."
VMware, Inc. (NYSE:VMW) has completed its acquisition of Carbon Black in an all-cash transaction for $26 per share, representing an enterprise value of $2.1 billion. The press release describes Carbon Black as “a leader in cloud-native endpoint protection dedicated to keeping the world safe from cyberattacks”. Sanjay Poonen, chief operating officer, Customer Operations, VMware, explained:
“Carbon Black brings us an industry-leading endpoint and workload security platform, with a cloud-native architecture, an AI-powered data lake and a smart, lightweight agent. The Carbon Black platform, along with VMware NSX, VMware Workspace ONE, VMware Secure State and our future innovations, will deliver a highly-differentiated intrinsic security platform across network, endpoint, workload, identity, cloud and analytics. We believe this will bring a fundamentally new paradigm to the security industry.”
Global Conversational AI Market to Exceed $15 Billion by 2024
A report from Prescient and Strategic Intelligence finds that the global Conversational AI market is projected to grow from $3.2 billion in 2018 to more than $15 billion by 2024 with a compound annual growth rate (CAGR) of 30.2 percent in the forecast period. An excerpt from the report description reads:
AI solutions are increasingly being adopted for customer service application, as AI solutions like chatbots have gained prominence due to their ability of resolving customer queries without the guidance of a human agent. These solutions also enable the management of large volumes of data in a more structured manner. This has resulted in providing effective customer care services and reduced costs for the businesses. AI solutions have witnessed rapid advancements as these systems now possess conversational capabilities compared to their earlier models of speech to text translation. Retail and e-commerce industry are expected to benefit the most from the growth of AI solutions due to heavy investments made by these sectors toward customer service.
Sam Mowers, Investorideas.com
For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
Contact Investorideas.com
800 665 0411
No comments:
Post a Comment