The #AIEye: Cisco (NasdaqGS: $CSCO) Partners with Oxbotica for Autonomous Vehicle Solutions, IBM (NYSE: $IBM) Announces Strategic Alliance with C3.ai for #AI Digital Transformation, Accenture (NYSE: $ACN) Acquires Mudano
Global AI #Cybersecurity Market to Reach $38.2 Billion by 2026
Point Roberts WA, Vancouver BC – February 28, 2020 – 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/2020/artificial-intelligence/02281AIEye-CSCO-IBM.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:CSCO) (NYSE:IBM) (NYSE:ACN)
Autonomous vehicle software firm Oxbotica and Cisco Systems, Inc. (NasdaqGS:CSCO) have partnered to solve the large data transfer challenge for autonomous vehicle fleets. They plan to do this through the OpenRoaming platform, a “a Cisco-initiated federation of providers utilising standards-based wireless technology.” Ozgur Tohumcu, CEO at Oxbotica, said:
"As part of our Universal Autonomy vision, our pioneering software already reduces the amount of data sharing that is required, allowing vehicles to operate wherever they are, with or without network connection. In fact, our software has been designed to operate not dependent on any infrastructure, so it can understand the vehicle's environment in infinite detail. However, we fully recognise that in an autonomous world, fleets will need to upload and download vast amounts of data and the partnership with Cisco offers us the chance to solve one of the greatest data challenges of the future, already today."
IBM (NYSE:IBM) has announced a global strategic alliance with leading enterprise AI software provider C3.ai for digital transformation with AI. This will involve the joint development, marketing, selling and deployment of AI applications supported by the C3 AI Suite and IBM Services. Jesus Mantas, Managing Partner, IBM Global Business Services, explained:
"Businesses need to move beyond experimenting with limited-impact AI applications, constrained by quality and availability of data, and implement industrial strength, scaled deployments of mission critical AI applications that deliver impact at scale in months, not years. The combination of C3.ai, IBM Services, and IBM Watson can help businesses rapidly embed AI into their critical workflows, enabling our clients to move to the future at pace."
Accenture (NYSE:ACN) has completed the acquisition of Mudano, a “strategic data consultancy to U.K. financial services firms,” which leverages machine learning and AI research. The Mudano team will join Accenture’s Applied Intelligence, described as the latter’s “approach to scaling AI for our clients.” An excerpt from the press release provides an outline of Applied Intelligence:
We embed AI-powered data, analytics and automation capabilities into business workflows to accelerate time to value. Our expertise in defining end-to-end strategy, combined with deep data infrastructure capabilities, cognitive services and industrialized accelerators help smooth clients’ path to AI adoption, extending human capabilities and supporting clients in scaling AI responsibly. Recognized as a leader by industry analysts, we collaborate with a powerful global alliance, innovation and delivery network to help clients deploy and scale AI within any market and industry.
Global AI Cybersecurity Market to Reach $38.2 Billion by 2026
Research published from ReportsnReports finds that the global AI in Cybersecurity market will grow from $8.8 billion in 2019 to $38.2 billion by 2026 with a compound annual growth rate (CAGR) of 23.3 percent. An excerpt from the report description outlines the market drivers:
Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs and increased use of social media for business functions. Major restraints for the market are the inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.
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