The #AIEye: NVIDIA (Nasdaq: $NVDA) Tops Five #AI Benchmarks and Arlo (NYSE: $ARLO) to Partner with Verisure Sàrl
North American Chatbot Market to See 34% CAGR from 2020-2024
Point Roberts WA, Vancouver BC – November 8, 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) (NYSE:ARLO)
NVIDIA Corporation (NasdaqGS:NVDA) has topped five MLPerf Inference 0.5 benchmarks measuring the performance of AI inference workloads in data centers and at the edge. According to the press release, the benchmarks are “applied across a range of form factors and four inferencing scenarios” and “cover such established AI applications as image classification, object detection and translation”. Ian Buck, general manager and vice president of Accelerated Computing at NVIDIA, commented:
“AI is at a tipping point as it moves swiftly from research to large-scale deployment for real applications. AI inference is a tremendous computational challenge. Combining the industry’s most advanced programmable accelerator, the CUDA-X suite of AI algorithms and our deep expertise in AI computing, NVIDIA can help data centers deploy their large and growing body of complex AI models.”
Arlo Technologies, Inc. (NYSE:ARLO) has entered into a definitive agreement to create a strategic partnership with security provider Verisure Sàrl to address growing need for residential and commercial security. The press release indicates that the partnership will “combine Arlo’s innovative connected cameras and cloud services platform with Verisure’s professionally monitored security solutions to provide a new level of smart security for European customers”. More specifically the partnership will consist of Verisure acquiring Arlo’s European commercial operations for $50 million, and Arlo’s becoming a key supplier to Verisure for smart security cameras. Matthew McRae, CEO of Arlo Technologies, commented:
“Arlo and Verisure share the same singular mission to provide their customers with peace of mind through connected security products and services that protect what matters most. Today’s agreement enables each brand to further accelerate their growth and innovation streams to deliver smart security solutions across residential and commercial markets, leveraging Arlo’s industry-leading cloud platform and services that deliver more than 120 million video events a day.”
North American Chatbot Market to See 34% CAGR from 2020-2024
A report from Research and Markets finds that the North American Chatbot market is projected to exhibit a compound annual growth rate (CAGR) of 34 percent in the forecast period 2020 to 2024. An excerpt from the report description reads:
Chatbot is a software making use of artificial intelligence which can initiate a conversation or chat with a user on websites, mobile applications and messaging platform through the use of natural language processing. Moreover, increasing demand for self-service, improved customer retention and high return on investment offered by chatbot is anticipated to positively influence the North American Chatbot Market during the forecast period.
Sam Mowers, Investorideas.com
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