Vancouver, Kelowna, Delta, BC – June 8, 2022 (Investorideas.com Newswire)
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AI Eye Podcast 703: Stocks discussed: (NasdaqGS: #MSFT) (NYSE: $PG) (NasdaqGS: $BIDU)
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:MSFT) (NYSE:PG) (NasdaqGS:BIDU)
Microsoft (
NasdaqGS:MSFT
) and Procter & Gamble (
NYSE:PG
) have
announced
a new multiyear collaboration that will “leverage the Microsoft Cloud to help create the future of digital manufacturing.” The collaboration will have Microsoft Azure “as the foundation,” according to the press release, and will enhance P&G’s “AI, machine learning and edge computing services for real-time visibility.” Judson Althoff, Microsoft’s CCO, said:
“We are excited to help P&G accelerate its digital manufacturing platform using Microsoft Azure, AI and IIoT to accommodate volatility in the consumer products industry with innovative, agile solutions that can easily scale based on market conditions. Our partnership will further P&G’s growth and business transformation through digital technology that seamlessly connects people, assets, workflow and business processes that promote resiliency.”
JIDU, an intelligent electric vehicle company backed and powered by Baidu, Inc. (
NasdaqGS:BIDU
), has
unveiled
its first concept production robocar ROBO-01. The vehicle boasts “an active deformable structure design, 3D borderless one-piece large screen, zero-gravity seating, AI pixel lights and dual max-computing chips.” Xia Yiping, CEO of JIDU, said:
“The Intelligent Car 3.0 Era is the era of robocars. The transition to this new era is marked by the shift of driving power from humans to AI, with robocars ultimately achieving self-generating progress led by AI. The automotive industry in the 3.0 era will see a seismic shift from a revolution in energy to a revolution in product attributes. The ultimate goal is to realize a fully driverless transportation experience. The JIDU robocar aims to meet users’ needs for intelligent travel, in-car intelligent assistance and intelligent cabin in the new era.”
Global AI in Fintech Market to Reach $41.16B by 2030
A report published by
Grandview Research
finds that the global AI in Fintech market is projected to grow from $9.45 billion USD in 2021 to $41.16 billion by 2030, registering a compound annual growth rate (CAGR) of 16.5 percent in the forecast period 2022-30. The following excerpt from the report’s summary outlines the key ways AI is being leveraged in the Fintech space:
Artificial intelligence (AI) is widely used in financial organizations to detect and prevent fraud through digital banking channels. Mobile banking, digital loans, insurance, credit scores, purchasing and selling operations, and asset management are all included. AI technology can determine a customer’s typical behavior by monitoring how they interact and considering their transactions.
Sam Mowers, Investorideas.com
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