The #AIEye: BlackBerry (NYSE: $BB) Launches #AI-Powered Spark Suites and First Responder (CSE: $WPN.C) Developing Smart AI Camera
Context Aware Computing Market – Driven by AI – to Reach $27.46 Billion by 2026
Point Roberts WA, Vancouver BC – May 20, 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: (NYSE:BB) (CSE:WPN)
BlackBerry (NYSE:BB) announced the launch of BlackBerry Spark Suites, an array of cybersecurity and endpoint management options “powered by artificial intelligence (AI), machine learning (ML) and automation for improved cyber threat prevention and remediation.” John Chen, Executive Chairman and CEO of BlackBerry, explained:
"2020 is a pivotal year for organizations trying to maintain business continuity, while undergoing digital transformation and workplace upheaval. With the increased volume and variety of enterprise IoT endpoints and as the scale of cyber threats continues to grow, BlackBerry Spark Suites provide a consolidated, simplified endpoint security and management offering to reduce cost and complexity in a chaotic environment. We are excited to deliver the proven performance of BlackBerry's AI-powered, zero-trust platform to customers worldwide."
First Responder Technologies Inc. (CSE:WPN) is developing an advanced AI open-carry weapons detection camera, and has successfully demonstrated a proof of concept to its Board of Directors and Advisory Council at the fiscal Q3 board meeting held on May 15, 2020. Called the Smart AI Camera, it will leverage advanced machine learning and artificial intelligence processing on the edge, and is “expected to provide comprehensive weapon detection and perimeter protection capabilities for a variety of premises,” when combined with the firm’s concealed weapon detection technology. First Responder CEO Robert Delamar said:
"We are especially pleased to make today's announcement given these trying times. Our team has continued to work exceptionally hard through this adversity to conceptualize, design and demonstrate the proof of concept Smart AI Camera product we unveiled today. This innovation in open-carry weapons detection, combined with our WiFi-based concealed weapons detection product, will help to make homes and businesses safer.”
Context Aware Computing Market – Driven by AI – to Reach $27.46 Billion by 2026
A report from Fortune Business Insights finds that the global Context Aware Computing market will grow from $27.46 billion in 2018 to $132.15 billion by 2026 with a compound annual growth rate (CAGR) of 21.8 percent in the forecast period. An excerpt from the report summary outlines the role of AI as a key driver in the market:
Advanced technologies such as AI, IoT, and machine learning have been the primary factors favoring the growth of [the] context aware computing market. The emergence of IoT has gained a lot of traction over the last few years. Artificial Intelligence offers tremendous opportunities in the industries which are leading through dramatic changes including healthcare, personalized education, novelty scientific discoveries, increased agricultural crop yields, weather forecasting, and others. The long term federal investments in primary AI research and development has led to the innovation of new theories and approaches for AI systems, moreover applied research has allowed the translation of AI into practical applications.
Sam Mowers, Investorideas.com
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