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The #AIEye: Accenture (NYSE: $ACN) Federal Services Names New Head Of Federal Cyber Practice, CEVA (Nasdaq: $CEVA) Introduces Second Gen #AI Processor Architecture

|About: Accenture plc (ACN), CEVA

The #AIEye: Accenture (NYSE: $ACN) Federal Services Names New Head of Federal Cyber Practice, CEVA (Nasdaq: $CEVA) Introduces Second Gen #AI Processor Architecture

Legal AI Software Market to Reach $1.89 Billion by 2026

Point Roberts WA, Vancouver BC – September 17, 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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Stocks discussed: (NYSE:ACN) (Nasdaq:CEVA) (TSXV:DM)

Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE:ACN), has hired cybersecurity industry leader Aaron Faulkner to head its Federal Cyber practice. Faulkner, who boasts more than 18 years of experience in the delivery of advanced technology and cybersecurity solutions, will be leading the design, development and delivery of innovative cybersecurity solutions for all of AFS’ U.S. federal defense and civilian agency clients. John Goodman, chief executive of AFS, commented:

“With the cyber threat landscape getting more sophisticated, Aaron’s experience in applying automation, cloud, and AI, to defend systems at the speed of cyber, can help our clients reach the next generation of cyber capabilities. His long standing reputation for cyber expertise will enable the agencies that we serve to stay ready and responsive to changing mission demands and more resilient in the face of persistent threats.”

CEVA, Inc. (NasdaqGS:CEVA) today introduced the NeuPro-S, its second-generation AI processor architecture for deep neural network inferencing at the edge, as well as the CDNN-Invite API, an industry-first deep neural network compiler technology. The two technologies, according to the press release, are “ideal for any vision-based device with the need for edge AI processing, including autonomous cars, smartphones, surveillance cameras, consumer cameras and the emerging use cases in AR/VR headsets, robots and industrial applications”. Ilan Yona, Vice President and General Manager of the Vision Business Unit at CEVA, commented:

"CEVA continues to set the pace in proliferating deep neural networks processors and optimization technologies for edge devices. The NeuPro-S architecture addresses the root causes of the growing challenges in data bandwidth and power consumption in these devices. With our CDNN-Invite API, we have further extended our indisputable competitive edge in neural network compiler technologies by reducing the entry barriers for the growing community of neural network innovators, allowing them to benefit from the breadth of support and ease of use our CDNN compiler technology offers."

Datametrex AI Limited (TSXV:DM) has licenced its software platform to GreenInsightz Limited for the use of its proprietary Nexalogy artificial intelligence software platform for $1 million. Jeff Stevens, President and COO of Datametrex, commented:

“We are excited to work with GreenInsightz to assist in their commercialization efforts. AI and machine learning technology will play a vital role in analyzing unique data sets across various industry. We believe there is a great opportunity for Datametrex in licencing our unique and powerful technology to companies like GreenInsightz.”

Legal AI Software Market to Reach $1.89 Billion by 2026

A report from Maximize Market Research finds that the global Legal AI Software market is projected to grow from $235.2 million in 2017 to $1.89 billion by 2026 with a compound annual growth rate (OTCPK:CAGR) of 29.07 percent in the forecast period 2018-2026. An excerpt from the report summary reads:

AI has a massive potential to bring accuracy, efficiencies, cost savings and speed to a whole range of formerly human activities and to offer entirely new insights into the market and consumer behaviour. It has the ability to transform businesses and the services and products they offer. A decision to adopt AI can increase fundamental ethical and moral issues for society.

Growing the use of AI by legal companies to reduce the time it takes to complete the legal case, rising number of litigations across the world in the legal industry, growing demand for automation in legal AI software are the major factors driving the legal AI software market globally.

However, lack of awareness among law firms of the legal AI software market is predicted to restrain the market growth. A major challenge faced by the market is cybersecurity and data privacy concerns of the legal data.

Sam Mowers, Investorideas.com

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