The #AIEye: AWS (NasdaqGS: $AMZN) Launches South Africa Region and LG CNS Introduces “Face Recognition Community Currency” System
#AI & #Robotics in #Aerospace and #Defense Market to Register 20% CAGR from 2020-2025
Point Roberts WA, Vancouver BC – April 24, 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.
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (KSE:066570)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), announced the launch of a new region in South Africa. Based in Cape Town, the region allows users to run applications and store their content in South African data centers. Among many other features, AWS offers fully featured services for machine learning and AI. Peter DeSantis, Senior Vice President of Global Infrastructure and Customer Support, AWS, said:
"The cloud is positively transforming lives and businesses across Africa and we are honored to be a part of that transformation. We have a long history in South Africa and have been working to support the growth of the local technology community for over 15 years. In that time, builders, developers, entrepreneurs, and organizations have asked us to bring an AWS Region to Africa and today we are answering these requests by opening the Cape Town Region. We look forward to seeing the creativity and innovation that will result from African organizations building in the cloud."
Korea IT Times reports that LG CNS, a subsidiary of LG Electronics Inc. (KSE:066570), has launched a “face recognition community currency” system combining AI, blockchain and cloud technologies. This enables users to make cryptocurrency transactions upon facial recognition, so as to avoid unnecessary contact. Lee Joon-won, LG CNS Solution Business Development Manager, said:
“It is expected that blockchain-based community currency will be used by a lot more people as it becomes more convenient when it meets AI. As non-face-to-face technologies are applied recently, blockchain that increases transaction reliability will be used more widely.”
AI & Robotics in Aerospace and Defense Market to Register 20% CAGR from 2020-2025
A report published by Research and Markets finds that the AI and Robotics in the Aerospace and Defense market will exhibit a compound annual growth rate (CAGR) of 20 percent from 2020-2025. An excerpt from the report description outlines the military segment of the market:
The military segment of the market studied is expected to register the highest CAGR during the forecast period. Advances in AI, deep-learning, and robotics are aiding new military capabilities to the armed forces, with its applications ranging from intelligence, surveillance, and reconnaissance to offense/defense balances and nuclear weapons systems. Countries are also investing in these technologies to improve the operating efficiency of the detection systems, the accuracy of the weapons systems, and enhance battlefield communications. The United States Department of Defense (DoD) started Project Maven initiative that aims to bring AI and computer algorithms to war zones. Such investments are fuelling the growth of this segment during the forecast period.
Sam Mowers, Investorideas.com
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