With a good deal of disinformation, artificial intelligence (AI) has become an essential tool in deciphering necessary data. With it, companies and governments can deploy AI probability algorithms to make smarter decisions by predicting possible outcomes, and help provide another layer of defense against terrorism, pandemics, crises, and help put most ahead of social trends, competitors, and new audiences. In fact, according to Innovative Enterprise, “Analyzing it to leverage insights that could actually improve company performance is the entire point of collecting data, yet many firms lack staff with the appropriate skill set to do this.” Some of the top companies to watch with this development include Datametrex AI Ltd. (TSXV:DM) (OTC: DTMXF), Palantir Technologies Inc. (NYSE: PLTR), Meta Platforms Inc. (NASDAQ: PLTR), Twitter Inc. (NYSE: TWTR), and Alphabet Inc. (NASDAQ: GOOG).
Look at Datametrex AI (TSXV: DM) (OTCQB: DTMXF), For Example
Datametrex AI just announced that its wholly-owned subsidiary, Nexalogy Environics Inc. continues working on the second phase of its aggregated $40M artificial intelligence (AI) government contract work, and is on track for the scheduled completion in March, 2023.
This milestone of work is a part of a multi-phase $40 million Canadian AI project that was previously announced on January 13, 2022. The first phase of this contract was successfully completed as previously announced on March 31, 2022, followed by the audit from the government, which was cleared to move to the next phase.
The Company’s Nexalogy Social Media Automated Reporting Technologies is the main engine for the second milestone. Due to confidentiality requirements, the Company is not permitted to provide further details about the contract and the scope of work.
“This continued work signifies strong confidence in our cyber security technology as we continue to reach new milestones. We pride ourselves on the ability to maintain a technical advantage in the social media and cyber security realm and are pleased that the Canadian Government is as confident in our technology as we are. As we continue to expand Datametrex, we are thrilled to do our part in aiding the defence and cyber security of Canada,” said Marshall Gunter, CEO of the Company.
Other related developments from around the markets include:
Palantir Technologies Inc. announced that it will expand its work with the U.S. Army Research Laboratory to implement data and artificial intelligence (AI)/machine learning (ML) capabilities for users across the combatant commands (COCOMs). The contract totals $99.9 million over two years. Palantir first partnered with the Army Research Lab to provide those on the frontlines with state-of-the-art operational data and AI capabilities in 2018. Palantir’s platform has supported the integration, management, and deployment of relevant data and AI model training to all of the Armed Services, COCOMs, and special operators. This extension grows Palantir’s operational RDT&E work to more users globally.
Meta Platforms Inc. reported financial results for the quarter ended June 30, 2022. "It was good to see positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI," said Mark Zuckerberg, Meta founder and CEO. "We're putting increased energy and focus around our key company priorities that unlock both near and long-term opportunities for Meta and the people and businesses that use our services."
Twitter Inc. announced financial results for its second quarter 2022. Q2 average monetizable daily active usage was 237.8 million, up 16.6% compared to Q2 of the prior year. Average US mDAU was 41.5 million for Q2, up 14.7% compared to Q2 of the prior year. Average international mDAU was 196.3 million for Q2, up 17.0% compared to Q2 of the prior year. Q2 revenue totaled $1.18 billion, a decrease of 1% year-over-year.
Alphabet Inc. announced the completion of its acquisition of Mandiant, Inc., a recognized leader in dynamic cyber defense, threat intelligence and incident response services. Mandiant will join Google Cloud and retain the Mandiant brand. Google and Mandiant share a long commitment to industry-leading security. Over the past two decades, Google has innovated to build some of the most secure computing systems in the world. Google Cloud customers and partners benefit from these pioneering security capabilities including world-class threat intelligence, zero trust architecture, and planet-scale analytics for security operations. Mandiant, which is known for delivering unparalleled frontline expertise and industry-leading threat intelligence, is a proven first responder to the world’s largest cybersecurity incidents. Mandiant’s services, delivered by their team of security and intelligence individuals spread across 22 countries, are widely recognized for helping top enterprises and organizations prepare for and react to cybersecurity incidents.
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