The AI Eye Episode 349: Intel Capital (NasdaqGS: $INTC) Invests in AI Startups and NVIDIA (NasdaqGS: $NVDA) Unveils DGX A100 AI System
Global AI in Agriculture to Grow by $205.87 Million from 2020-2024
Point Roberts WA, Vancouver BC – May 14, 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:INTC) (NasdaqGS:NVDA)
Intel Capital, the investment arm of Intel Corporation (NasdaqGS:INTC), announced new investments totaling $132 million in 11 technology startups, including companies involved in artificial intelligence and autonomous computing. Among these are: Anodot, which “uses machine learning to drive the future of analytics — autonomous business monitoring,” Hypersonix, “an AI-powered autonomous analytics platform designed for consumer industries such as retail, restaurants, hospitality and ecommerce,” Lilt, which “aims to make the world’s information accessible to all with AI-powered language translation software and services,” and more. Wendell Brooks, Intel senior vice president and president of Intel Capital, commented:
"Intel Capital identifies and invests in disruptive startups that are working to improve the way we work and live. Each of our recent investments is pushing the boundaries in areas such as AI, data analytics, autonomous systems and semiconductor innovation. Intel Capital is excited to work with these companies as we jointly navigate the current world challenges and as we together drive sustainable, long-term growth."
NVIDIA Corporation (NasdaqGS:NVDA) has unveiled the NVIDIA DGX A100, described as “the third generation of the world’s most advanced AI system, delivering 5 petaflops of AI performance and consolidating the power and capabilities of an entire data center into a single flexible platform for the first time.” Shipping of this system has already begun with “the first order going to the U.S. Department of Energy’s (DOE) Argonne National Laboratory, which will use the cluster’s AI and computing power to better understand and fight COVID-19.” Jensen Huang, founder and CEO of NVIDIA, explained:
“NVIDIA DGX A100 is the ultimate instrument for advancing AI. NVIDIA DGX is the first AI system built for the end-to-end machine learning workflow — from data analytics to training to inference. And with the giant performance leap of the new DGX, machine learning engineers can stay ahead of the exponentially growing size of AI models and data.”
Global AI in Agriculture to Grow by $205.87 Million from 2020-2024
A report from Technavio finds that the global AI in Agriculture market will grow by $205.87 million from 2020-2024 with a compound annual growth rate (CAGR) of more than 22 percent. An excerpt from the report snapshot outlines some drivers and impediments to market growth:
Factors such as maximizing profits in farm operations will offer immense growth opportunities. However, the high initial investment involved in robotics may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report also finds that “38 percent of the market’s growth will originate from North America during the forecast period,” with the US being the key market on that continent.
Sam Mowers, Investorideas.com
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