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The #AIEye: MAINGEAR Launches ELEMENT Leveraging Intel (Nasdaq: $INTC) And NVIDIA (Nasdaq: $NVDA) Tech, NICE (Nasdaq: $NICE) Actimize Chosen By Bank Mayapada For Improvements

Sep. 12, 2019 3:19 PM ETIntel Corporation (INTC), NICE, NVDAMSFT
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The #AIEye: MAINGEAR Launches ELEMENT Leveraging Intel (Nasdaq: $INTC) and NVIDIA (Nasdaq: $NVDA) Tech, NICE (Nasdaq: $NICE) Actimize Chosen by Bank Mayapada for Improvements

Global MLaaS Market to Grow $8 Billion from 2019-2023

Point Roberts WA, Vancouver BC – September 12, 2019 – 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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Read this in full at The AI Eye: MAINGEAR Launches ELEMENT Leveraging Intel (Nasdaq: $INTC) and NVIDIA (Nasdaq: $NVDA) Tech, NICE (Nasdaq: $NICE) Actimize Chosen by Bank Mayapada for Improvements

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:NVDA) (NasdaqGS:NICE) (NasdaqGS:NUAN)

PC system integrator MAINGEAR has launched a new gaming laptop called MAINGEAR ELEMENT, in collaboration with Intel Corporation (NasdaqGS:INTC). The ELEMENT is geared for optimal gaming and content creation and leverages the NVIDIA GeForce RTX™ 2070 with Max-Q design GPU from NVIDIA Corporation (NasdaqGS:NVDA) for hitting peak performance. Powered by the NVIDIA Turing GPU architecture and the NVIDIA RTX platform, the GeForce RTX enables real-time ray tracing and AI-enhanced graphics. Wallace Santos, founder and CEO of MAINGEAR, commented:

“At MAINGEAR, we’re passionate about redefining the type of aesthetic consumers expect from ‘gamer’ products. Working with Intel to design the ELEMENT was an absolute joy, as it perfectly encapsulates our design philosophy of developing products that excel in both style and substance. We think the ELEMENT is the perfect notebook for the modern gamer and content creator.”

NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has been chosen by PT Bank Mayapada in Jakarta, Indonesia to provide the latter with improvements in financial crime operations with anti-money laundering compliance and investigation management solutions, employing artificial intelligence and machine learning technology. Craig Costigan, CEO, NICE Actimize, commented:

“Bank Mayapada has placed its confidence, and the care of its customers, in NICE Actimize’s Autonomous Financial Crime Management approach. Regulatory agencies across the globe have recently been encouraging financial institutions to explore the methods that AI and machine learning offer that could improve their compliance programs, provide increased accuracy and productivity, and create a clear path to supporting ever-changing regulatory requirements. We look forward to working with Bank Mayapada, and our regional partner Q2, on its journey.”

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced the expansion of its Nuance Intelligent Engagement Platform, with enhancements to its conversational AI services, messaging, agent AI services and security and biometrics services. Robert Weideman, GM and EVP, Nuance Enterprise Division, explained:

“As pioneers of this industry and experts who have spent decades in the trenches making Conversational AI real for organizations around the globe, we know what it takes for enterprise-grade success. As the space continues to grow more complex, the future lies in solutions that are flexible and scalable. The best customer interactions will come from platforms that do not sit in a silo but rather build on the rich data an organization has across the business and from that deliver an experience that’s personalized and frictionless. By expanding the openness of our platform, we can continue to meet our customers where they are, giving them the visibility and control they want while still providing access to professional services.”

Global MLaaS Market to Grow $8 Billion from 2019-2023

A report from Technavio finds that the global Machine Learning as a Service (MLaaS) market will grow by approximately $8 billion USD from 2019-2023 with a compound annual growth rate (OTC:CAGR) of more than 38 percent in that same forecast period. An excerpt from the report’s industry overview reads:

Enterprises across industries are focusing on improving the customer experience as a business strategy to improve their competitive edge. The current digitalization of enterprises has improved their operational efficiency. However, they are seeking upgraded technologies for effective data management, such as customer data, to analyze them in the future to optimize business strategies. MLaaS is one such technology that is being adopted across end-user industries to gain better data insights about customer buying patterns and interests. The ability of ML in reducing or removing tasks is another significant factor prompting end-users to adopt the technology. The use of ML is increasing among enterprises for customer experience management, which will drive MLaaS market growth at a CAGR of over 38% during 2019-2023.

Sam Mowers, Investorideas.com

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