Vancouver, Kelowna, Delta, BC – December 29, 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.
Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
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AI Eye Podcast 747: Stocks discussed: (NasdaqGS: WFRD) (NasdaqGM: JG) (OTC: KNCAY)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:WFRD) (NasdaqGM:JG) (OTC:KNCAY)
Weatherford International (NasdaqGS:WFRD) has signed a multi-year agreement with artificial intelligence firm DataRobot, to deliver advanced AI solutions in its digital platforms, including the ForeSite production optimization and Centro well construction platforms. Matt Foder, Senior Vice President of Innovation and New Energy at Weatherford, said:
“We began our Industry 4.0 journey in 2017 by introducing our first AI/ML-based modules in our software platforms. This agreement with DataRobot adds a solid foundation to operationalize and scale these modules and those of our customers, providing incremental value across the energy industry space. This collaborative innovation is aligned with our promise of delivering open and flexible digital platforms to our users.”
Customer engagement and marketing technology services provider Aurora Mobile Limited (NasdaqGM:JG) has signed a strategic agreement with Japanese tech giant Konica Minolta, Inc. (OTC:KNCAY), wherein Aurora will help Konica Minolta improve user engagement and interaction with its leading notification messaging services. This, according to the press release, will see Aurora “leverage its artificial intelligence (AI) driven technology, machine learning-based notification messaging services and intelligent operational analytics, to help Konica Minolta carry out multi-channel user reach and engagement.”
Global AI Software Market to Reach Nearly $1.1T by 2032
A report published by Precedence Research finds that the global AI Software market is projected to grow from $138.4 billion USD in 2022 to nearly $1.1 trillion by 2032, registering a compound annual growth rate (CAGR) of 22.97 percent in the forecast period 2023-32. The following excerpt from the report’s description outlines the role of AI in the software space:
Considering the advancement in technology all over the globe, many businesses in multiple sectors have adopted artificial intelligence software to enhance their performance and to get better insights into the business. Due to the rising demand for artificial intelligence software, the AI software market is likely to grow in the forecast period of 2022-2030.
Artificial intelligence software is integrated into various sectors such as banking, IT & telecommunication, automotive, healthcare, and many others. With its capacity to detect threats, artificial intelligence software is primarily used in banking, retail, and IT & telecommunication sectors to protect against cyber threats to consumers.
Sam Mowers, Investorideas.com
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AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse(TM), its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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