The #AIEye: NVIDIA (NasdaqGS: $NVDA) and Ericsson (NasdaqGS: $ERIC) Collaborating on Commercializing Virtualized RAN Tech and Toho Bank Joins IBM (NYSE: $IBM) Japan’s TSUBASA Core Banking System
Cisco (NasdaqGS: $CSCO) Survey Finds #AI Adoption a Top Priority in IT Space
Point Roberts WA, Vancouver BC – October 25, 2019 – 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) (NasdaqGS:ERIC) (NYSE:IBM) (NasdaqGS:CSCO)
NVIDIA Corporation (NasdaqGS:NVDA) is collaborating with Ericsson (NasdaqGS:ERIC) on technologies that will allow telco operators to build high-performing, efficient and completely virtualized 5G radio access networks (RAN), that will enable faster and more flexible introduction of new AI and IoT services. Combining Ericsson’s expertise in RAN technology with NVIDIA’s in GPU-powered accelerated computing platforms, AI and supercomputing, the endeavor’s goal is to commercialize virtualized RAN technologies. NVIDIA founder and CEO Jensen Huang explained:
“5G is set to turbocharge the intelligent edge revolution. Fusing 5G, supercomputing and AI has enabled us to create a revolutionary communications platform supporting, someday, trillions of always-on, AI-enabled smart devices. Combining our world-leading capabilities, NVIDIA and Ericsson are helping to invent this exciting future.”
IBM (NYSE:IBM) has announced that its TSUBASA shared core banking system has enlisted another member in Japan's Toho Bank. Toho will be joining Chiba, Daishi, Chugoku and North Pacific Banks in TSUBASA, which according to the press release “shares business processing features such as deposits, currencies and loans, various channels such as ATM & internet banking and data connecting features with sub-systems”. It also leverages AI and blockchain technologies in personalization and security. Kerry Purcell, General Manager, Global Technology Services, IBM Japan, said:
"In the fast-changing banking ecosystem, the call of the hour is to deliver tailor-made solutions that don't just offer customer convenience but is also a sustainable exercise in the long-term. We are very happy to have Toho Bank join the TSUBASA core banking system on our shared mission to promote initiatives in digital transformation in the banking industry."
Cisco Survey Finds AI Adoption a Top Priority in IT Space
Recently-published research from Cisco (NasdaqGS:CSCO) surveyed over 2000 IT leaders and network strategists and finds that AI adoption is a top priority in the IT space. An excerpt reads:
● Cisco found maximizing businesses value to be IT's number one priority, demonstrating a desire to drive greater innovation and closer alignment to business strategy.
● In order to achieve this, organizations are moving their networks towards intent-based networking and investing in AI technologies.
● IT leaders expect new wireless technologies, AI and IoT to be the biggest network disruptors in the next five years.
Scott Harrell, SVP and GM, Cisco Enterprise Networking, commented:
"IT teams today are running complex mission critical networks that are increasingly capable of providing rich data. But using that data to improve the operations, security, or business impact of the network requires new tools. That's why IT teams are embracing intent-based networking, AI and machine learning — because the business demands it. AI will help IT break the cycle of maintaining the status quo. By embracing predictive analytics and AI-based operations, IT teams will pivot from being consumed with maintaining the status quo to becoming an enabler of new business innovation."
Sam Mowers, Investorideas.com
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