Point Roberts, WA and Vancouver, BC – July 12, 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 578: Stocks discussed: (NYSE: $BAH) (NYSE: $AI)
Stocks discussed: (NYSE:BAH) (NYSE:AI)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Booz Allen Hamilton (NYSE:BAH) has made a strategic investment in Latent AI, Inc., a company with a suite of software tools that enable adaptive artificial intelligence (AI) and machine learning (ML) at the edge. Steve Escaravage, senior vice president at Booz Allen, explained the investment, particularly as it pertains to defense organizations:
“The National Defense Strategy calls for a more innovative, resilient military to maintain the U.S. competitive advantage, and the ability to collect, analyze and quickly act on data is at the core of that national security mission. To fully leverage a force that is interconnected and information-advantaged, defense organizations need optimized, scalable AI and data compression at the tactical edge. Booz Allen’s investment in Latent AI will help enable our clients to implement ML models on small form factor chip-sets and into highly sought-after end user devices, which will increase AI adoption and return on investment.”
The IDC MarketScape has named C3.ai, Inc. (NYSE:AI) as a solutions leader in its Worldwide Industrial IoT Platforms and Applications in Energy 2021 Vendor Assessment “for its cohesive platform for data, strong industry expertise, and enterprise AI capabilities.” Kevin Prouty, IDC group vice president of energy and manufacturing insights, commented:
“As the energy sector is becoming more responsive to emerging customer and market demands, innovations like the Internet of Things and enterprise AI are essential game changers that improve business productivity and reduce costs. We recognize C3 AI as a Leader in the IDC MarketScape because of their industry experience, cohesive data platform, use of enterprise AI, and demonstrated ability to deliver solutions.”
AI in Agriculture Market to Grow by $458.68M from 2021-2025
A report published by Technavio finds that the global AI in Agriculture market will grow by $458.68 million from 2021 to 2025 with a compound annual growth rate (CAGR) of 23.24 percent in the forecast period. According to the report’s snapshot:
“…there has been a neutral impact on the market growth during and post COVID-19 era. The maximizing profits in farm operations is notably driving the artificial intelligence (AI) market growth in agriculture industry, although factors such as high initial investment involved in robotics may impede market growth.”
Sam Mowers, Investorideas.com
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