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AI Eye Podcast 716: Stocks discussed: (NYSE: $ORCL) (NasdaqGS: $NVDA) (OTC: $AITX)

Adept Uses Tech from Oracle and NVIDIA for "Powerful AI Teammate," and Robotic Assistance Devices Deploys School Firearm Detection System

 

Vancouver, Kelowna, Delta, BC - August 11, 2022 (Investorideas.com Newswire) 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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https://www.investorideas.com/Audio/Podcasts/2022/081122-AI-Eye.mp3

AI Eye Podcast 716: Stocks discussed: (NYSE: $ORCL) (NasdaqGS: $NVDA) (OTC: $AITX)

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:ORCL) (NasdaqGS:NVDA) (OTC:AITX)

Machine learning research and product lab Adept is leveraging Oracle Cloud Infrastructure (OCI) - from Oracle Corporation (NYSE:ORCL) - and technology from NVIDIA (NasdaqGS:NVDA), to "develop a universal AI teammate capable of performing a range of tasks people execute on their computer or on the internet." According to the press release, Adept "can train large-scale AI and ML models faster and more economically," allowing it to "rapidly advance its general intelligence roadmap and develop its first product - a rich language interface for the tools knowledge workers use every day to be productive and creative." David Luan, Adept's CEO, explained:

"AI continues to rapidly grow in scope but until now, AI models could only read and write text and images; they couldn't actually execute actions such as designing 3D parts or fetching and analyzing data. With the scalability and computing power of OCI and NVIDIA technology, we are training a neural network to use every software application, website, and API in existence - building on the capabilities that software makers have already created. The universal AI teammate gives employees an 'extra set of hands' to create as fast as they think and reduce time spent on manual tasks. This in turn will help their organizations become more productive, and nimble in their decision making."

Robotic Assistance Devices, Inc. (RAD), a wholly-owned subsidiary of Artificial Intelligence Technology Solutions Inc. (OTC:AITX), has "received a Letter of Intent (LOI) with an east coast parochial school to deploy 2 ROSA security robots with firearm detection technology." Alongside this, RAD is "announcing the integration of its RADSoC with its full suite of AI analytics with existing networks of security cameras." Steve Reinharz, CEO of AITX and RAD, said:

"We feel that this is the right time, and this is the right application, where we can throw open the doors to the RAD ecosystem and invite other security camera networks to take advantage of RAD's incredible AI software suite."

Global Market for AI in Marketing to Reach $47.8B by 2030

A report published by Market Research Future finds that the global market for AI in Marketing is projected to reach a value of $47.8 billion USD by 2030, registering a compound annual growth rate (CAGR) of 28.6 percent in the forecast period 2021-30. An excerpt from the report's description outlines the influence of the COVID-19 pandemic on the market:

Digitization was a trend for most of the production, manufacturing, and other functional units of various companies, industries, enterprises, and corporations. The positive cases of the novel coronavirus worldwide have added to the implementation of digital software and solutions to enhance productivity and enhance the ability of the market to meet and develop the global supply chain system and management. The need for survival amongst the global competition is pushing the market for the implementation of artificial intelligence in departments like marketing and promotion. The companies are facing major issues due to the arrival of the novel coronavirus pandemic and hence, are developing a major need for the implementation of AI services and solutions.

Sam Mowers, Investorideas.com

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