Point Roberts, WA and Vancouver, BC – November 15, 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 626: Stocks discussed: (NasdaqGS: NVDA) (OTC: AEXAY) (NYSE: HPE)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NVDA) (OTC:AEXAY) (NYSE:HPE)
NVIDIA Corporation (NasdaqGS:NVDA) and multinational IT company Atos (OTC:AEXAY) have announced the Excellence AI Lab (EXAIL), which “brings together scientists and researchers to help advance European computing technologies, education and research.” According to the press release, EXAIL’s five key areas of focus will be: climate research, healthcare and genomics, hybridization with quantum computing, edge AI/computer vision and cybersecurity. With regard to climate change, NVIDIA’s vice president and general manager of Accelerated Computing, Ian Buck, said:
“Climate change intensifies and increases the frequency of extreme weather events that disrupt entire regions, costing governments and economies hundreds of billions each year. The goal for EXAIL is to advance vital research to address pressing global challenges surrounding climate change.”
Hewlett Packard Enterprise Company (NYSE:HPE) is building a new supercomputer for installation and operation at the French high performance computing (HPC) centre CINES (National Computing Center for Higher Education). The supercomputer was procured by GENCI, a national French agency which invests and provides HPC resources to support France’s academic and industrial research communities. Called “Adastra,” the supercomputer will combine “significantly advanced capabilities in modeling, simulation, AI, machine learning and analytics,” and “will help scientists and researchers harness insights faster, with more accuracy, to advance research targeting key focus areas.” Justin Hotard, senior vice president and general manager, HPC and AI, at HPE, said:
“We are honored to have been selected by GENCI, which empowers some of the world’s leading research centers, to deliver advanced high performance computing (HPC) and AI solutions using exascale-era technologies in support of propelling France’s R&D efforts. The design of the Adastra supercomputer is a result of a close collaboration between GENCI, CINES, HPE and AMD to deliver a specialized, high-performing system to harness larger data sets, including optimizing AI and machine learning needs, to accelerate discovery and innovation at a faster rate.”
Global AI Market to Reach $641.3B by 2028
A report published by Verified Market Research finds that the global market for Artificial Intelligence is projected to grow from $51.08 billion in 2020 to $641.3 billion by 2028 with a compound annual growth rate (CAGR) of 36.1 percent in the forecast period 2021-2028. The following excerpt from the report’s description outlines factors influencing the market’s growth:
The growing applications and easy deployment modes have dragged the governments’ attention toward AI technology, which led to the growing investments by governments in AI and its related technologies. Furthermore, progress in the profound learning and Artificial Neural Networks (ANN) has also fueled the adoption of Artificial intelligence (AI) in several industries, such as aerospace, healthcare, manufacturing, and automotive. Also, growth in the demand for analyzing and interpreting large amounts of data is boosting the demand for artificial intelligence industry solutions.
Sam Mowers, Investorideas.com
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