Vancouver, Kelowna, Delta, BC – September 13, 2022 (Investorideas.com Newswire) 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 Podcast 722: Stocks discussed: (NYSE: $AI) (NasdaqGS: $GOOG) (OTC: $MRNJ)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:AI) (NasdaqGS:GOOG) (OTC:MRNJ)
C3 AI, Inc. (NYSE:AI) has announced a three-year expansion of its partnership with Google Cloud, a subsidiary of Google [Alphabet, Inc.] (NasdaqGS:GOOG), to “accelerate their joint selling and co-development efforts.” While C3’s whole portfolio of enterprise AI applications is already available on Google Cloud, the new partnership will see the two firms “co-develop new AI-driven applications, using Google Cloud’s Vertex AI, ML capabilities, and data analytics services.” Kevin Ichhpurani, Corporate Vice President Global Ecosystem & Channels at Google Cloud, explained:
“C3’s applications on Google Cloud now span some of the most critical areas of focus for enterprise customers, like optimizing supply chains, improving sustainability, and modernizing healthcare and financial services. Expanding integrations between C3 AI’s suite of applications and Google Cloud services, and continuing to scale the availability of C3 AI applications running on Google Cloud, will deliver new capabilities for businesses as they accelerate their cloud and AI agendas.”
Metatron, Inc. (OTC:MRNJ) has announced that it is officially launching an Artificial Intelligence Application Division. The company, according to the press release, is assembling the new division so that it may focus solely on AI solutions. Metatron is also fast tracking the new division to “gain a strong foothold within [the] rapidly expanding industry and expects to announce the development of its first AI product in September.
Global AIaaS Market to Reach $52.8B by 2028
A report published by Vantage Market Research finds that the global AI-as-a-Service (AIaaS) market is projected to grow from $5.9 billion USD in 2021 to $52.8 billion by 2028, registering a compound annual growth rate (CAGR) of 44.1 percent in the forecast period 2022-28. The following excerpt from the report’s description outlines some influences on the market’s growth:
The market for Artificial Intelligence as a Service is also anticipated to grow due to recent technological advancements, high demand for AI-Powered services, for instance, Application Programming Interface (API) and Software Development Kit (SDK), an increase in the number of creative startups, and significant investments in industrial automation. Additionally, the market for Artificial Intelligence as a Service would benefit significantly from the rising demand for intelligent business applications and the strong demand for AI service integrators.
Sam Mowers, Investorideas.com
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