The AIEye: AWS (Nasdaq: $AMZN) Makes Ground Station Generally Available, Baidu’s (Nasdaq: $BIDU) AI-Powered Smart Speaker Top of Chinese Market and FICO (NYSE: $FICO) Announces FICO World 2019 Conference Focussing on AI
China’s #AI Market to Reach $11.9 Billion in 2023
Point Roberts WA , Vancouver BC – May 23, 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (Nasdaq:AMZN) (Nasdaq:BIDU) (NYSE:FICO)
Amazon Web Services (AWS), a subsidiary company of Amazon.com (NasdaqGS:AMZN), announced the general availability of AWS Ground Station, enabling customers to easily and efficiently control AWS satellites and download data from them. Once downloaded, customers can process and store data, and apply AWS analytics and machine learning services to gain insights. Shayn Hawthorne, General Manager, AWS Ground Station, said:
“Satellite data offers customers a profound way to build applications that help humans explore space and improve life on Earth, but the cost and difficulty of building and maintaining the infrastructure necessary to downlink and process the data has historically been prohibitive for all but the most well-funded organizations.”
Baidu, Inc. (NasdaqGS:BIDU) has claimed the number 1 spot in China’s smart speaker market, propelling it to the top three in the world. The company’s conversational AI system, DuerOS, powers the smart speakers which shipped 3.3 million units in Q1. Kun Jing, Baidu Vice President and General Manager of the Smart Living Group, commented:
“We are thrilled with the progress we have made in the past year and to see our leading position recognized. Since 2018, we’ve been improving our systematic capability in AI hardware, brand building, marketing and sales channels, with the aim to bring the best products to users. Looking ahead, we will continue to build products that improve people’s daily lives and make the complicated world simpler through technology.”
Fair Isaac Corporation (NYSE:FICO) has announced FICO World 2019 Better Decisions with AI. FICO World is an international conference on Big Data analytics and will be held from November 4-7 in midtown New York City. Nikhil Behl, FICO's head of global marketing, said:
"As a leader in the analytics and financial services industry, FICO is able to provide unprecedented expertise and unique insights that will help organizations use data, predictive analytics and applied AI to truly optimize customer engagement and improve business agility. FICO World is where hundreds of FICO customers come together and uncover new ways to use analytics to move their businesses forward."
China’s AI Market to Reach $11.9 Billion in 2023
A report from market research firm IDC finds that the AI market in China will grow from $1.76 billion USD in 2018 to $11.9 billion in 2023. A loosely translated excerpt from the report reads:
In this wave of artificial intelligence, IDC sees that artificial intelligence solutions are rapidly iterating from software to hardware products. The new accelerated hardware is beginning to fit into the infrastructure, and the deep-learning, truly intelligent artificial intelligence software system is constantly replacing the previous generation of rule-based systems. The iteration of new and old products has also stimulated the accelerated differentiation of the business landscape.
Sam Mowers, Investorideas.com
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