The #AIEye Episode 339: C3.ai Collaborating with Microsoft (NasdaqGS: $MSFT) and NVIDIA (NasdaqGS: $NVDA) Acquires Mellanox Technologies
#AI Chips Market Could Witness Growth of $54.03 Billion from 2020-2024
Point Roberts WA, Vancouver BC – April 29, 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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Read this in full at http://www.investorideas.com/news/2020/artificial-intelligence/04291AIEye-MSFT-NVDA.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:NVDA)
AI software provider C3.ai is collaborating with Microsoft (NasdaqGS:MSFT) to enhance its “global customer experience and elevate sales performance using intelligent cloud technology.” To achieve this, C3.ai is adopting and deploying Microsoft’s Dynamics 365 Sales and Teams, so as to “better prioritize workloads, enhance sales experiences with mixed reality, and manage customer needs with conversation intelligence and sentiment analysis.” Hayden Stafford, corporate vice president, Business Applications, Microsoft, said:
"We're looking forward to working with C3.ai to further its business goals with our intelligent cloud services. With Dynamics 365 at the center of its business transformation, the C3.ai team can streamline customer engagement across sales and customer service to bring a unique, tailored experience to its employees and customers."
NVIDIA Corporation (NasdaqGS:NVDA) has completed the acquisition of computer networking firm Mellanox Technologies, Ltd. for $7 billion. Jensen Huang, founder and CEO of NVIDIA, explained:
“The expanding use of AI and data science is reshaping computing and data center architectures. With Mellanox, the new NVIDIA has end-to-end technologies from AI computing to networking, full-stack offerings from processors to software, and significant scale to advance next-generation data centers. Our combined expertise, supported by a rich ecosystem of partners, will meet the challenge of surging global demand for consumer internet services, and the application of AI and accelerated data science from cloud to edge to robotics.”
AI Chips Market Could Witness Growth of $54.03 Billion from 2020-2024
A report from Technavio finds that the AI Chips market has the potential to grow $54.03 billion from 2020-2024 with a compound annual growth rate (CAGR) of more than 42 percent in the forecast period. An excerpt from the report snapshot outlines some key drivers in the market:
The increasing implementation of AI in robots is one of the major factors driving market growth. Robotics consists of creating intelligent robots using AI and pertains to computer-controlled mechanical devices to perform specific tasks that are hazardous or tedious for humans. AI uses qualitative data that helps in fast processing and automatic tagging of shapes with object names. Additionally, it also eliminates or reduces risks to human life in many applications. This will demand the need for innovative and powerful AI software to develop high-precision capabilities for robots, which will make them free from human control and result in increased productivity.
Rising investments in AI start-ups, one of the major AI chips market trends, will also drive market growth during the forecast period. With the growing demand from corporate enterprises to provide customer support with chatbots and for helping executives in managing their personal diaries, investors across the globe will start focusing on investing heavily in AI startups. The increased funding will encourage more new ventures and start-ups and this increasing number of new start-ups will result in M&As. Such factors will drive AI chips market growth at a CAGR of more than 42% by 2024.
Sam Mowers, Investorideas.com
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