Vancouver, Kelowna, Delta, BC – April 1, 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 678: Stocks discussed: (NYSE: $ORCL) (NYSE: $TU)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:ORCL) (NYSE:TU)
Oracle Corporation (NYSE:ORCL) has announced that its MySQL HeatWave – a high-performance query accelerator and relational database management system – now supports in-database machine learning (ML) in addition to the previously available transaction processing and analytics. Edward Screven, Chief Corporate Architect, Oracle, explained:
“Just as we integrated analytics and transaction processing within a single database, we are now bringing machine learning inside MySQL HeatWave. MySQL HeatWave is one of the fastest growing cloud services at Oracle. An increasing number of customers have migrated from Amazon and other cloud database services to MySQL HeatWave and have gained significant performance improvements and lower costs. Today, we are also announcing a number of other innovations which enrich HeatWave’s capabilities, improve availability, and lower the cost.”
Telus Corporation (NYSE:TU) and the Vector Institute – an AI non-profit – have announced the launch of the Energy Optimization System (EOS), an AI-optimized solution aimed to “help reduce operational costs and minimize electricity use in commercial buildings, namely data centres, across Canada.” Jaime Tatis, Vice-president, Data Strategy and Enablement, TELUS, commented:
“We wanted to find the most efficient opportunity for temperature control in data centres, one that considered both the environmental and economic costs, while also providing the best service for our customers. Using MBRL [model-based reinforcement learning] to develop an AI agent that chose specific actions based on rewards, we were able to allow for quick learning by machines to create new effective and efficient policies for controlling HVAC systems.”
Global AIaaS Market to Reach Nearly $38.99B by 2027
A report published by Stellar Market Research finds that the global Artificial Intelligence as a Service (AIaaS) market will grow from $3.85 billion USD in 2020 to nearly $38.99 billion by 2027, registering a compound annual growth rate (CAGR) of 39.2 percent in the forecast period 2021-27. The following excerpt from the report’s summary outlines some trends impacting the market’s growth:
Nowadays, artificial intelligence (AI), particularly computer vision and machine learning (ML), is reshaping the robotics business. Firms have started to contemplate truly autonomous machines that can sense, interact, and conceive the environment around them to stay on top in a global market. Industries are searching for dependable and knowledgeable technology partners as they attempt to navigate this current technological transformation. Artificial neural networks are used in deep learning models to handle enormous amounts of data, such as photos, texts, and sounds, to provide correct results. AI-driven automation has shown to be beneficial in a variety of areas, including aerospace, medicine, farming, power, and handling of materials. Not only is AI being used to automate operations, but it is also being utilized to identify equipment failures and detect product irregularities.
Sam Mowers, Investorideas.com
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