Point Roberts, WA and Vancouver, BC – July 10, 2020 (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 Episode 386: Renault Partnering with Google (NasdaqGS: $GOOG) Cloud for Industry 4.0 Transformation, and Durango Resources Engages Windfall Geotek for CARDS AI Analysis SHARE PODCAST:
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: ( OTC:RNLSY ) (NasdaqGS:GOOG) ( TSXV:DGO ) ( TSXV:WIN ) Renault ( OTC:RNLSY ) has announced a new industrial and technology partnership with Google Cloud, a subsidiary of Google ( NasdaqGS:GOOG ), to accelerate the digitization of the former’s industrial system and of Industry 4.0 transformation.According to the press release, “Google Cloud’s solutions and experience in smart analytics, machine learning (ML) and artificial intelligence (AI) will enable Groupe Renault to improve its supply chain and manufacturing efficiency, its production quality, and the reduction in environmental impact through energy savings.” Thomas Kurian, CEO of Google Cloud, commented:
“The automotive industry has innovation in its DNA, and there is immense potential for digital technology to have a significant impact on production.We are proud to be partnering with Groupe Renault to help revolutionize the future of automotive manufacturing and power the next generation of supply chain excellence.”
Durango Resources Inc.( TSXV:DGO ) has announced that it has engaged mining and technology services company Windfall Geotek Inc.( TSXV:WIN ) to “perform a CARDS analysis using artificial intelligence on its Windfall Lake, Quebec land package.” The press release explains that “CARDS analysis uses AI and data mining algorithms to identify high priority targets by combining all available public and private data sets including geophysical, drill hole and geochemical data.” Marcy Kiesman, CEO of Durango, said:
“I am pleased to have Michel Fontaine [CEO of WIN.V] and his team bring their cutting edge technology to narrow our exploration focus by using the CARDS analysis on the 9,500 hectares of our claims at Windfall Lake.Our shareholders have been extremely patient waiting for exploration results this year and we are eager to implement this innovative technology as part of our exploration program at Windfall this year.”
Global AI Platforms Market to Grow by $12.51 Billion from 2020-2024 A report from Technavio finds that the global AI Platforms market will grow by $12.51 billion from 2020 to 2024 while witnessing a compound annual growth rate (CAGR) of 33 percent in that forecast period.
An excerpt from the report snapshot highlights the role of governments and firms in driving the growth of the market:
Enterprises across the world are increasingly adopting AI to upgrade their IT systems and empower their workforce.Many governments are also promoting the adoption of AI-based technologies through investments and the establishment of education programs to develop a workforce with AI skills.For instance, in November 2018, Germany launched its digital strategy on AI called “AI Made in Germany” to fuel the economic and technological growth in the country.Several firms in the retail, BFSI, and manufacturing sectors are making significant investments in AI to automate business functions.
They are also adopting AI bots, virtual assistants, digital payment advisers, and biometric fraud detection mechanisms to track consumer behavior and enhance their compliance with regulatory systems.The rising investments in AI by enterprises and government bodies will have a significant impact on the growth of artificial intelligence platform market size.
Sam Mowers, Investorideas.com
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