Vancouver, Kelowna, Delta, BC – January 17, 2023 (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 751: Stocks discussed: (NYSE: ORCL) (ASX: BRN)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:ORCL) (ASX:BRN)
SymphonyAI, described in the press release as “a leader in high-value enterprise AI SaaS for strategic industries,” has announced a collaboration with Oracle Corporation (NYSE:ORCL). This will see SymphonyAI solutions offered on Oracle Cloud Infrastructure (OCI), allowing customers to “transition to the cloud to shorten technology deployment time and help ensure better real-time services with robust scalability and reduced costs.” Kumar Abhimanyu, SVP of strategic partnerships at SymphonyAI, said:
“SymphonyAI solutions combine in-depth business use case understanding with AI capabilities to drive real results. Our enterprise AI solutions are tailored to meet the needs of retailers and CPG manufacturers. Collaborating with Oracle allows us to help our customers tap the power of cloud flexibility and cost efficiencies for real-time insights and recommendations.”
BrainChip Holdings Ltd. (ASX:BRN) has published a paper titled “Benchmarking AI Inference at the Edge: Measuring Performance and Efficiency for Real-World Deployments,” which “evaluates the current state of edge AI benchmarks and the need to continually improve metrics that measure performance and efficiency of real-world, power-conscious edge AI deployments.” Anil Mankar, the company’s Chief Development Officer, explained”
“While there’s been a good start, current methods of benchmarking for edge AI don’t accurately account for the factors that affect devices in industries such as automotive, smart homes and Industry 4.0. We believe that as a community, we should evolve benchmarks to continuously incorporate factors such as on-chip, in-memory computation and model sizes to complement the latency and power metrics that are measured today.”
Global Conversational AI Market to Reach $32.51B by 2028
A report published by Brand Essence Research finds that the global market for Conversational AI is projected to grow from $8.24 billion USD in 2022 to $32.51 billion by 2028, registering a compound annual growth rate (CAGR) of 21.6 percent in the forecast period. The following excerpt from the report’s summary outlines the role of COVID-19 in influencing the market’s growth:
Lockdown restrictions prevented many contact centers from meeting demand or shutting down, leading to long delays in customer service issues, which had a dramatic effect on the customer experience. Lockdown restrictions prevented many contact centers from facing, ordering, or closing, resulting in long delays in customer service questions, which significantly affected the customer experience. However, a chatbot with AI is an ideal way to maintain customer contact, expand the relationship and generate new leads in times of crisis despite social distancing. Additionally, during pandemic, there was the only way of digital communication channels to get in touch with customers and maintain customer relationships.
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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