Investor Ideas, Trading Ideas and Stocks to Watch : The #AIEye Episode 414: Accenture (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage #AI and Neuromorphic Computing for “Wheelchair-Mounted Robotic Arm”, NICE (NasdaqGS: $NICE) Announces Launch of AI-Powered Actimize Xceed Platform

Wednesday, August 19, 2020

The #AIEye Episode 414: Accenture (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage #AI and Neuromorphic Computing for “Wheelchair-Mounted Robotic Arm”, NICE (NasdaqGS: $NICE) Announces Launch of AI-Powered Actimize Xceed Platform

The #AIEye Episode 414: Accenture (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage #AI and Neuromorphic Computing for “Wheelchair-Mounted Robotic Arm”, NICE (NasdaqGS: $NICE) Announces Launch of AI-Powered Actimize Xceed Platform

Global Image Recognition in Retail Market to Reach $4.48 Billion by 2026

Point Roberts WA, Vancouver BC – August 19, 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:ACN) (NasdaqGS:INTC) (NasdaqGS:NICE)

Accenture (NYSE:ACN) and Intel (NasdaqGS:INTC) are supporting a neuromorphic computing research project led by the Neuro-Biomorphic Engineering Lab (NBEL) at the Open University of Israel in collaboration with ALYN Hospital. Both firms are leveraging their experience in neuromorphic computing and artificial intelligence to help with the development of the neuromorphic algorithm for “a wheelchair-mounted robotic arm,” aimed at assisting patients with performing daily tasks. Mike Davies, director of Intel’s Neuromorphic Computing Lab, said:

"Neuromorphic computing is a natural fit for assistive technologies, given its low power requirements and ability to learn and adapt to new situations in real time. Through Intel and Accenture’s work with the Open University of Israel and ALYN Hospital, we hope to unlock new capabilities for mobility impaired children and improve the patients’ quality of life."

NICE Ltd. (NasdaqGS:NICE) has announced the launch of the AI-powered NICE Actimize Xceed platform, “which integrates best-in-class AI, data intelligence, behavioral analytics, and insights within a unified cloud platform,” to “modernize their financial crime risk management solutions.” According to the press release, Xceed’s “self-learning capabilities immediately and autonomously adapt to new threats, helping financial institutions meet today’s dynamic risk management needs with laser accuracy, speed and simplicity, and without the need for a team of data scientists.” NICE Actimize CEO Craig Costigan said:

"We are pleased to bring our customers the unique combination of proven expertise with best-in-class innovation in both Artificial Intelligence and the cloud, presenting a major opportunity to further support financial services organizations of all sizes. Xceed is based on the proven AI models deployed at hundreds of Guardian Analytics and Actimize customers, leveraging the best innovations of both and bringing the industry its most advanced machine learning capabilities for complete financial crime risk management coverage.”

Global Image Recognition in Retail Market to Reach $4.48 Billion by 2026

A report published by Research and Markets finds that the global Image Recognition in Retail market will reach $4.48 billion by 2026 with a compound annual growth rate (CAGR) of 21.1 percent in the forecast period 2019-2026. An excerpt from the report’s description outlines the market:

Image Recognition is the process of analyzing an input image and predicting its category from a set of categories. Recent advancements in artificial intelligence and machine learning have hugely contributed to the growth of image recognition in the retail sector. Within the retail sector, there have been several applications across security, marketing, payment, and shopping & customer service. The most exciting application is around the recognition of a real-world object and searching for a marketplace for products that closely match.

Factors such as rising technological developments and need to increase on-shelf availability are driving the growth of the market. Though, high risk related to customer data thefts and high costs of image recognition services is restraining the growth of the market.

Sam Mowers, Investorideas.com

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