The #AIEye Episode 395: Microsoft (NasdaqGS: $MSFT) Forms Strategic Alliance with MSCI (NYSE: $MSCI) and ImagineAR (CSE: $IP.C) Signs MOU with Loop Insights (TSXV: $MTRX.V)
Global #AI in Retail to Reach $19.9 Billion by 2027
Point Roberts WA, Vancouver BC – July 23, 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:MSFT) (NYSE:MSCI) (CSE:IP) (TSXV:MTRX)
Microsoft (NasdaqGS:MSFT) and MSCI Inc. (NYSE:MSCI) have formed a strategic alliance to “accelerate innovation among the global investment industry.” According to the press release, this will see the collaboration of “Microsoft’s cloud and AI technologies with MSCI’s global reach through its portfolio of investment decision support tools,” “to deliver new capabilities which will help investors more swiftly and efficiently manage data and understand the drivers of risk and performance.” Scott Guthrie, Executive Vice President, Cloud +AI, Microsoft, explained:
"Investors rely on cutting-edge technologies to deliver intelligent insights, manage risk and detect anomalies so they can help customers achieve their investment goals. By harnessing the power of Azure and its AI capabilities, together with MSCI’s expertise and position within the investment ecosystem, we will be able to accelerate new innovations that help investors better optimize their clients’ performance capabilities."
Augmented Reality firm ImagineAR Inc. (CSE:IP) has announced the signing of an MOU with contactless solutions and AI provider Loop Insights Inc. (TSXV:MTRX) to drive marketing and real-time consumer insights. Loop Insights CEO Rob Anson said:
"Loop Insights utilization of Artificial Intelligence and IoT technology was already turning heads in retail with our ability to deliver dynamic, personalized promotions in real time. With ImagineAR's immersive AR applications, we can create a whole new world of engagement that does not exist today. Together, our innovative solution unlocks engagement strategies that consumers simply have not previously experienced. This is the convergence of AI, IoT and AR that technology companies have been promising the retail industry for years."
Global AI in Retail to Reach $19.9 Billion by 2027
A report from Grand View Research finds that the global AI in Asset Management market will grow from $990.4 million in 2019 to $13.43 billion in 2027 with a compound annual growth rate (CAGR) of 37.1 percent in the forecast period 2020-2027. An excerpt from the report overview reads:
Exponentially increasing data volumes, strict regulations, and low-interest rates are encouraging asset managers to reconsider their traditional business strategies. Moreover, recent technological advancements have paved the way for artificial intelligence in asset management. Connection of knowledge, domain-enriched ML (machine learning), and NLP (natural language processing) techniques are being adopted by several FinTech companies to offer improved financial and investment services.
Sam Mowers, Investorideas.com
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