Point Roberts, WA and Vancouver, BC – November 8, 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 623: Stocks discussed: (NYSE: $AI) (OTC: $HTHIY)
November 8, 2021
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:AI) (OTC:HTHIY)
C3 AI (NYSE:AI) has announced that Lt. Gen Shaun Morris, program executive officer for the Rapid Sustainability Office (RSO) of the U.S. Air Force, has won the 11th annual Constellation SuperNova Awards in Data for Decisions for AI Excellence. According to the press release, the RSO leverages C3 AI to “deploy AI-based predictive maintenance for all the major commands–Air Mobility Command, Air Combatant Command, and the Global Strike Command–across 22 aircraft platforms.” Thomas M. Siebel, CEO of C3 AI, said:
“The Constellation SuperNova award is the apogee of public recognition for advanced AI accomplishments. We want to offer our sincere congratulations to the United States Air Force, RSO, and the U.S. Department of Defense for this acknowledgment of their significant AI application achievements.”
Hitachi Vantara, a subsidiary of Hitachi, Ltd. (OTC:HTHIY) is showcasing its partnership with Australia’s Bartle Frere Bananas at the UN Climate Change Conference (COP26) in Glasgow. Specifically, the showcase will highlight “how artificial intelligence (AI), machine learning (ML) and sensor technology are being used to inform data-driven horticulture practices for sustainable, environmentally friendly food production.” Gajen Kandiah, CEO, Hitachi Vantara, explained:
“Every organization and industry sector has the potential to deliver data-driven outcomes that can effectively address social and environmental issues. The smart, sustainable farming operation at Bartle Frere Bananas was designed to deliver a better banana that conserves and protects the surrounding environment. It is a fine example of using the power of data and technology to deliver social innovation, for which we advocate, and we are proud to be a part of it.”
Global AI in Auto-Insurance Market to Reach $582.41M by 2028
A report published by Verified Market Research finds that the global AI in Auto-insurance market is projected to grow from $221.94 million in 2020 to $582.41 million by 2028, registering a compound annual growth rate (CAGR) of 14.06 percent in the forecast period 2021-2028. An excerpt from the report’s description outlines some factors influencing the market’s growth:
Increasing adoption of advanced technologies such as AI, Machine Learning to [quicken] the process [by] freeing staff from claims and shifting their focus on frictionless and rapid claiming process. The growth of the market is hampered due to unprecedented privacy issues. Companies are increasingly developing smart photo analysis systems to understand the damage to the vehicle through detection of the crash, assessing and initiating the insurance claims through real-time analysis. Increasing shift towards innovative technology is paving the way for market growth.
Sam Mowers, Investorideas.com
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