Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 581: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ZM) (NasdaqGM: $FIVN) #ArtificialIntelligence

Monday, July 19, 2021

#AIEye #Podcast 581: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ZM) (NasdaqGM: $FIVN) #ArtificialIntelligence

#AIEye #Podcast 581: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ZM) (NasdaqGM: $FIVN) #ArtificialIntelligence

Accenture Acquires Toronto-based Cloudworks and Zoom Enters Agreement to Acquire Five9

Global #AI Market to Reach $299.54B in 2026

Point Roberts WA, Vancouver BC – July 19, 2021 – 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

Accenture (NYSE:ACN) has acquired Cloudworks, described in the press release as “a leading Toronto-based Oracle Cloud implementation service provider across North America,” and which boasts “leading capabilities in robotic process automation (RPA), data analytics and AI.” Jeffrey Russell, president of Accenture in Canada, commented:

"As organizations across Canada continue to accelerate their technology transformation programs, we anticipate the demand for Oracle solutions to grow significantly. By acquiring Cloudworks, we add a highly talented team with industry-specific experience in combining the power of Oracle with the ingenuity of people to unlock new possibilities for clients."

Zoom (NasdaqGS:ZM) has entered into a definitive agreement to acquire Five9, Inc. (NasdaqGM:FIVN) in an all-stock transaction valued at approximately $14.7 billion. Five9 is a leading provider of an intelligent cloud contact center, and this acquisition will give Zoom “access to artificial intelligence tools for analyzing data from a contact center.” Eric S. Yuan, Founder and CEO of Zoom, said:

“We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers. Zoom is built on a core belief that robust and reliable communications technology enables interactions that build greater empathy and trust, and we believe that holds particularly true for customer engagement. Enterprises communicate with their customers primarily through the contact center, and we believe this acquisition creates a leading customer engagement platform that will help redefine how companies of all sizes connect with their customers. We are thrilled to join forces with the Five9 team, and I look forward to welcoming them to the Zoom family.”

Global AI Market to Reach $299.54B in 2026

A report published by Facts & Factors finds that the global AI market will grow from $29.86 billion in 2020 to $299.64 billion in 2026 with a compound annual growth rate (CAGR) of 35.6 percent in the forecast period. An excerpt from the report’s summary outlines the role of AI in Healthcare as a major market driver:

Adoption of AI-based assistance in healthcare during the forecast period is expected to drive the market. Advanced integrated features such as augmenting messages, rapid sorting and enquiring solutions, automated email and phone support, and management of support agents are made possible through the advent of AI. Furthermore, the rising consumer service coupled with increasing spending in the healthcare infrastructure will drive the growth of the artificial intelligence market to a wider range of consumers. Besides healthcare, the essential accelerating pace of advancements in AI and the rising interest in advanced simulation techniques such as artificial neural networks will further fuel the growth of the AI market during the forecast period.

Sam Mowers, Investorideas.com

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