The #AIEye Episode 384: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) Signs Agreement with Synect, Intel’s (NasdaqGS: $INTC) Mobileye Working with WILLER to Launch Robotaxi Service and IBM (NYSE: $IBM) to Acquire WDG Automation
Global #AI Governance Market to Reach $585.98 Million by 2027
Point Roberts WA, Vancouver BC – July 8, 2020 – 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 AI Eye Episode 384: VSBLTY Signs Agreement with Synect, Intel's (NasdaqGS: $INTC) Mobileye Working with WILLER to Launch Robotaxi Service and IBM (NYSE: $IBM) to Acquire WDG Automation
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) has signed an agreement with Synect, a digital strategy and content creation agency that enables video displays of unlimited size and scale in airports. The agreement will see VSBLTY’s Datacaptor solution, which “leverages camera and sensor technology with artificial intelligence (machine learning and computer vision) to provide real-time analytics,” with around 2,200 of Synect’s ReadySeeGo digital signage units. Synect founder and CEO Yahav Ran said:
"The collaboration between VSBLTY and Synect is exciting and offers our clients new AI-powered innovation and insight. With VSBLITY DataCaptor, ReadySeeGo can deliver impactful, responsive content based on user behavior, demographics and more. This allows for experiences that are even more engaging and provides new ways for our clients to take visual communications to the next level.”
Mobileye, a subsidiary of Intel Corporation (NasdaqGS:INTC), has announced a strategic collaboration with Japanese transportation operator WILLER to launch an autonomous robotaxi service in Japan and countries in Southeast Asia, such as Taiwan. Amnon Shashua, President and CEO of Mobileye, commented:
"Our new collaboration with WILLER brings a meaningful addition to Mobileye’s growing global network of transit and mobility ecosystem partners. We look forward to collaborating with WILLER as we work together for new mobility in the region by bringing self-driving mobility services to Japan, Taiwan and ASEAN markets."
IBM (NYSE:IBM) has reached a definitive agreement to acquire Brazilian software provider of robotic process automation (RPA) WDG Soluções Em Sistemas E Automação De Processos LTDA (WDG Automation). Denis Kennelly, General Manager, Cloud Integration, IBM Cloud and Cognitive Software, explained how this acquisition advances IBM's comprehensive AI-infused automation capabilities:
"IBM already automates how companies apply AI to business processes and IT operations so they can detect opportunities and problems and recommend next steps and solutions. With today's announcement, IBM is taking that a step further and helping clients accelerate automation to more parts of the organization, not just to routine, but more complex tasks so employees can focus on higher value work."
Global AI Governance Market to Reach $585.98 Million by 2027
A report from Stratistics Market Research Consulting finds that the global AI Governance market is projected to grow from $34.85 million in 2019 to $585.98 million by 2027 with a compound annual growth rate (OTC:CAGR) of 42.3 percent in that forecast period. The report’s description identifies “increasing government initiatives to leverage the AI technology, and growing regulatory compliances around the technology,” as key market drivers, and highlights the establishment of “comprehensive ethical principles for AI,” as something hampering its growth. The following excerpt from the report’s description defines the market:
AI governance encompasses the policies and the legal actions in order to design, develop; supervise algorithms and models of machine learning (ML). The management needs to focus the attention on transparent, ethical and accountable usage of the AI systems, which in turn will result in enhancing the outcomes and measures maximum optimization of AI technology. The AI governance broadly finds its applicability in the process of decision making, logistic computations, and others.
Sam Mowers, Investorideas.com
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