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AI Eye Podcast 689: Stocks discussed: (NasdaqGS: $BIDU) (NasdaqGM: $VERI) (OTC: $MARUY)

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Vancouver, Kelowna, Delta, BC – April 29, 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 689: Stocks discussed: (NasdaqGS: $BIDU) (NasdaqGM: $VERI) (OTC: $MARUY)

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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:BIDU) (NasdaqGM:VERI) (OTC:MARUY)

Baidu, Inc. (NasdaqGS:BIDU) has announced the receipt of the first-ever permits in China authorizing it “to provide driverless ride-hailing services to the public on open roads in Beijing.” To begin with, ten autonomous driverless vehicles will be able to offer rides to passengers in a designated area of 60 square kilometers in the Chinese capital, joining an existing fleet provided by Apollo Go, Baidu’s autonomous ride-hailing service. According to the press release, Baidu boasts the largest autonomous driving fleet in China, and plans to add 30 more vehicles “at a later stage.”

Veritone, Inc. (NasdaqGM:VERI) reports that its AI-powered intelligent distributed energy resource management solution (iDERMS) has been selected by Japanese integrated trading and investment business conglomerate Marubeni Corporation (OTC:MARUY) to provide price, demand and generation forecasts at their pilot project in the California Independent System Operator (CAISO) SP-15 region. Sean McEvoy, senior vice president of Energy at Veritone, said:

“At Veritone, our number one priority is to advance the mission of our customers and help them reach their business goals. Veritone’s iDERMS solution is the best-in-class, and it will lay a strong foundation for Marubeni’s future power generation initiatives for both itself and the communities it works with. We are humbled by the trust Marubeni has given us, and we cannot wait to share the results of the project.”

Global Mobile AI Market to Reach $37.92B by 2028

A report published by Vantage Market Research finds that the global Mobile AI market is projected to grow from $8.82 billion USD in 2021 to $37.92 billion by 2028, registering a compound annual growth rate (CAGR) of 27.5 percent in the forecast period 2022-28. An excerpt from the report’s description outlines some key factors influencing the market’s growth:

Increasing adoption of AI-based solutions and growing demand for real-time data analytics coupled with predictive maintenance solutions across various industries has led to the growth of the Global Mobile Artificial Intelligence Market. Rising investments in R&D activities by major players is expected to fuel the growth of the global market over the forecast period. Increasing penetration of IoT devices is anticipated to drive growth of the Global Mobile Artificial Intelligence Market. High cost associated with the deployment of AI-based solutions is expected to hinder the growth of the Global Mobile Artificial Intelligence Market.

Sam Mowers, Investorideas.com

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