Point Roberts, WA and Vancouver, BC – September 3, 2021 (Investorideas.com Newswire) 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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AI Eye Podcast 599: Stocks discussed: (NasdaqGS: $NICE) (NYSE: $JNPR) (NasdaqGS: $INTC)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NICE) (NYSE:JNPR) (NasdaqGS:INTC)
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced an update to its SURVEIL-X Holistic Conduct and Trade Surveillance solution, with “improved surveillance and risk detection capabilities, an updated cloud architecture that produces five times greater cloud scalability, and more powerful AI and Natural Language Processing (NLP) applications.” The company’s Executive Vice President, Chris Wooten, said:
“As the industry’s first AI-powered, cloud-native, true holistic conduct surveillance solution, SURVEIL-X is already helping financial services firms around the globe support compliance with global regulations and reduce the risk of fines and reputational damage. With our latest SURVEIL-X enhancements, we’re raising the bar even higher, by providing greater scalability, agility, and detection coverage, combined with new AI applications to reduce false positives, and the ability to monitor Microsoft Teams communications.”
Juniper Networks, Inc. (NYSE:JNPR) is collaborating with Intel (NasdaqGS:INTC) to accelerate advancement in the Open Radio Access Network (ORAN) ecosystem. Through this joint initiative, Juniper aims to “bring openness and innovation to a traditionally closed-off part of the network, providing a faster route-to-market for service providers and enterprises to deliver 5G, edge computing and AI.” Constantine Polychronopoulos, VP of 5G and Telco Cloud at Juniper Networks, explained:
“Juniper has always been committed to open infrastructures, which is why we are excited to support the work that Intel has undertaken with their FlexRAN ecosystem. By collaborating with Intel, we are able to deliver cloud-native routing, automation, intelligence and assurance solutions and services that are optimized for our customers’ needs, speeding time-to-market and enabling them to monetize faster.”
Global AI Market to Reach $291.5B by 2026
A report published by StrategyR finds that the global AI market is projected to grow from an estimated $47.1 billion in 2020 to $291.5 billion by 2026 with a compound annual growth rate (CAGR) of 34.3 percent in the forecast period. An excerpt from the report’s abstract outlines factors influencing the market’s growth:
The AI technology market is poised to grow at a robust pace driven by its increasing adoption in an expanding range of applications in varied industries. The growing need to analyze and interpret burgeoning volumes of data and the escalating demand for advanced AI solutions to improve customer services are expected to fuel growth in the AI market. With significant improvements being seen in data storage capacity, computing power and parallel processing capabilities, the adoption of AI technology in various end-use sectors is on the rise. The rising adoption of cloud-based services and applications, rapid growth of big data, and the increasing need for intelligent virtual assistants are also contributing to the rapid growth of the AI market. The advent of face, image, and voice recognition technologies is further favoring growth in the global market.
Sam Mowers, Investorideas.com
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