Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 687: #Stocks discussed: (NYSE: $ACN) (NYSE: $MAXR)

Monday, April 25, 2022

#AIEye #Podcast 687: #Stocks discussed: (NYSE: $ACN) (NYSE: $MAXR)

#AIEye #Podcast 687: #Stocks discussed: (NYSE: $ACN) (NYSE: $MAXR)

Accenture Acquires Ergo, and Maxar is Awarded $202M in US Gov’t Contracts

Global #AI #Infrastructure Market to Reach $197.39B by 2030

Vancouver, Kelowna, Delta, BC – April 25, 2022 – 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) (NYSE:MAXR)

Accenture (NYSE:ACN) has announced the acquisition of Argentina-based data-centred business Ergo, to “expand data and AI capabilities and accelerate data-led transformation on the cloud.” Ergo, according to the press release, “combines technology expertise and customer-focused consulting to integrate data and AI across the enterprise and create a trusted single source of insights.” Karthik Narain, global lead for Accenture Cloud First, explained:

"Almost every day, 2.5 quintillion bytes of data are created by humans and machines across the cloud continuum at the edge, on the internet and in data centers. Cloud is the place where all this data gains accessibility and scale. Cloud’s advanced data & AI tools empower companies to transform data into intellectual capital like never before. By acquiring Ergo, Accenture will bring more resources to help clients gain insights about where to focus their transformation for the most value and how data can support better decision-making through the transformation process."

Maxar Technologies Inc. (NYSE:MAXR) has been awarded U.S. Government mission support contracts in Q1 2022 worth up to $202 million over a six-year period. This work includes “artificial intelligence and machine learning applications, advanced data analytics, software development, data conditioning, geospatial production and dissemination, maritime domain awareness, and training and development.” Maxar’s CEO Dan Jablonsky said:

"Maxar is honored to support U.S. defense and intelligence customers by delivering a breadth of mission-critical geospatial intelligence and related technologies. We're proud to kick off 2022 with a flurry of new and renewed partnerships with our U.S. government partners, and we look forward to continue delivering precise, trusted products and technologies in support of national security missions throughout the year."

Global AI Infrastructure Market to Reach $197.39B by 2030

A report published by Polaris Market Research finds that the global AI Infrastructure market is projected to grow from $23.54 billion USD in 2021 to $197.39 billion by 2030, registering a compound annual growth rate (CAGR) of 27.6 percent in the forecast period 2022-30. The following excerpt from the report’s summary, outlines some trends impacting the market’s growth:

The increasing number of cross-industry collaborations and partnerships, tied with the increasing adoption of cybersecurity technologies, artificial intelligence, IoT, robots, industrial automation, and machine vision technology, is attributed to the artificial intelligence infrastructure industry demand.

Moreover, deep learning algorithms, along with machine learning algorithms, may assist enterprises in achieving network efficiencies. For instance, companies need to install automated infrastructure management tools in their data centers. Thus, these factors may accelerate the artificial intelligence infrastructure market development in the approaching years.

Sam Mowers, Investorideas.com

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