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AI Eye Podcast 582: Stocks discussed: (NasdaqGS: $NVDA) (NasdaqGS: $OTEX)

Point Roberts, WA and Vancouver, BC – July 20, 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 582: Stocks discussed: (NasdaqGS: $NVDA) (NasdaqGS: $OTEX)

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Today’s ColumnThe AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:OTEX)

NVIDIA Corporation (NasdaqGS:NVDA) has launched TensorRT 8, the eighth generation of its AI software, which according to the press release, “slashes inference time in half for language queries — enabling developers to build the world’s best-performing search engines, ad recommendations and chatbots and offer them from the cloud to the edge.” Greg Estes, vice president of developer programs at NVIDIA, said:

“AI models are growing exponentially more complex, and worldwide demand is surging for real-time applications that use AI. That makes it imperative for enterprises to deploy state-of-the-art inferencing solutions. The latest version of TensorRT introduces new capabilities that enable companies to deliver conversational AI applications to their customers with a level of quality and responsiveness that was never before possible.”

Open Text Corporation (NasdaqGS:OTEX) has announced the release of OpenText Cloud Editions 21.3, bringing AI-driven innovations to the OpenText Cloud “that will enable businesses of all sizes to become more intelligent, secure and connected.” This new version of Cloud Editions includes an AI solution called Magellan Risk Guard that helps organizations ensure compliance and mitigate risk using “20 prebuilt AI models that identify risk across 50 pre-defined categories such as personally identifiable information (PII), drugs, alcohol and violence.” Mark J. Barrenechea, CEO & CTO, OpenText, said:

“Organizations are embracing the cloud as a key pillar in their digital transformation and growth strategies. OpenText Cloud Editions supports both by delivering Information Management in the cloud at scale, empowering businesses of all sizes to master modern work, power modern experiences, digitize supply chains and strengthen cyber resilience.”

MLaaS Market to Reach $12.1B by 2026

Research published by ReportLinker finds that thel Machine Learning as a Service (MLaaS) market will grow from $1.6 billion in 2020 to $12.1 billion by 2026 with a compound annual growth rate (CAGR) of 39.86 percent in the forecast period 2021-2026. An excerpt from the report’s summary outlines how the growth of the market is driven by similar growth in IoT:

Machine learning could engage in demystifying the hidden patterns in IoT data by analyzing significant volumes of data utilizing sophisticated algorithms. ML inference could supplement or replace manual processes with automated systems utilizing statistically derived actions in critical processes. Solutions built on ML automate the IoT data modeling process, thus, removing the circuitous and labor-intensive activities of model selection, coding, and validation.

Sam Mowers, Investorideas.com

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