The #AIEye: Teradyne’s (Nasdaq: $TER) UltraFLEX to Support Enflame Tech’s Deep Thinking Unit and Internazionale Milano is Leveraging Veritone (Nasdaq: $VERI) and Evolphin #AI Tech
AI in Agriculture to See 21.52% CAGR from 2019-2024
Point Roberts WA, Vancouver BC – December 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:TER) (NasdaqGM:VERI)
Teradyne, Inc. (NasdaqGS:TER) and AI firm Enflame Tech have announced that the latter’s Deep Thinking Unit (DTU), which is “designed to accelerate deep learning deployment for data center training”, is being supported by the former’s UltraFLEX test system. Regan Mills, Vice President of SOC Marketing at Teradyne, commented:
“The market for AI chips is very competitive and time sensitive. The design complexity and device power requirements make device bring-up and volume production a significant challenge. For AI startup companies like Enflame, achieving the fastest time to market with best quality is crucial and with the UltraFLEX our customers can reliably meet device capability and schedule requirements. Teradyne’s partnership with Enflame is another example of Teradyne’s success in providing the technical capability and support required to help ensure emerging AI IC developers bring a quality device to market quickly.”
Veritone, Inc. (NasdaqGM:VERI) and enterprise software company Evolphin are providing “a robust, AI-driven media asset management system based on Veritone aiWARE and the Evolphin Zoom MAM platform” for the Football Club Internazionale Milano. According to the press release, the leveraging of these technologies “gives Inter Milan a next-generation solution for indexing, managing, and monetizing its massive library of archived and current content”. Veritone President Ryan Steelberg said:
"In partnership with Evolphin, we look forward to helping Inter Milan leverage our aiWARE platform to get maximum benefit out of its tremendously valuable content library and better serve all of its key stakeholders, from fans and viewers to sponsors and editors."
AI in Agriculture to See 21.52% CAGR from 2019-2024
A report from Research and Markets finds that the market for AI in Agriculture will exhibit a compound annual growth rate (CAGR) of 21.52 percent in the forecast period 2019 to 2024. Key drivers of the market identified in the report include: Maximizing crop yield using machine learning techniques, an increase in the adoption of cattle face recognition technology, and an increase in the use of Unmanned Aerial Vehicles (UAVs) across agricultural farms. An excerpt outlines possible restraints to market growth:
“…lack of standardization is restraining the market growth as lack of standards in data collection, and lack of data sharing is high, and machine learning and artificial intelligence and advanced algorithm design have moved so fast, but the collection of well-tagged, meaningful agricultural data is way behind.”
Sam Mowers, Investorideas.com
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