Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces Collaboration with VORAGO Technologies

Wednesday, September 02, 2020

#AIEye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces Collaboration with VORAGO Technologies

#AIEye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip (ASX:BRN) Announces Collaboration with VORAGO Technologies

Global AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover Thereafter

Point Roberts WA, Vancouver BC – September 2, 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:NVDA) (ASX:BRN)

NVIDIA Corporation (NasdaqGS:NVDA) has unve iled its GeForce RTX 30 Series GPUs, which deliver a 2x performance improvement over the previous Turing-based generation GPUs. The new Series employs the second generation of PC gaming platform NVIDIA RTX to “provide unprecedented levels of real-time ray tracing and AI gaming,” according to the press release. NVIDIA founder and CEO Jensen Huang commented:

“Today’s launch of NVIDIA Ampere GPUs is a giant step into the future. The work of thousands of engineering years, the GeForce RTX 30 Series delivers our greatest generational leap ever. NVIDIA RTX fuses programmable shading, ray tracing and AI for developers to create entirely new worlds. Twenty years from now, we’ll look back and realize that the future of gaming started here.”

BrainChip Holdings Ltd (ASX:BRN) announced a collaboration with high tech firm VORAGO Technologies “to support a Phase I NASA program for a neuromorphic processor that meets spaceflight requirements.” This involved VORAGO’s signing of BrainChip’s Akida Early Access Program (EAP) Agreement. According to the press release, Akida is a neuromorphic processor that “is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications,” and “is uniquely suited for spaceflight and aerospace applications.” BrainChip CEO Louis DiNardo said:

“We are both excited and proud to participate in this Phase I program with VORAGO Technologies and support NASA’s desire to leverage neuromorphic computing in spaceflight applications. The combination of benefits from the Akida neuromorphic processor and a radiation-hardened process brings significant new capabilities to spaceflight and aerospace applications".

Global AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover Thereafter

Research published by ReportLinker finds that the global Artificial Intelligence Services market is expected to decline from $0.85 billion in 2019 to $0.77 billion in 2020 with a compound annual growth rate (CAGR) of -9.46 percent. This is attributed to the COVID-19 pandemic and its resulting “restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities,” as well as supply chain disruptions. However, the report finds that the market “is then expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%.” An excerpt from the report summary outlines the market:

The artificial intelligence (AI) services market consists of sales of AI and related services that are used in telecommunications, government, retail, defense and healthcare. Companies in the artificial intelligence market provide outsourced services to cater to business requirements. AI as a service enables individuals and businesses to use AI for different purposes, without significant initial investment and with lower risk.

Sam Mowers, Investorideas.com

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