With a good deal of conflict and rampant 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), Facebook Inc. (NYSE:FB), Twitter Inc. (NYSE:TWTR), and Alphabet Inc. (NASDAQ:GOOG).
Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF) BREAKING NEWS: Datametrex AI Ltd. is pleased to announce the completion of the IDEaS program Component 1b Milestone 4, as well as the launch of Nexalogy’s Social Media Automated Reporting Technologies. The Company will receive approximately $218,000.00 CAD for the Component 1b Milestone 4. Combined, the total for all Milestones in Component 1b is approximately $945,000.00 CAD.
As previously announced, Nexalogy’s SMART is an advanced proprietary AI technology. SMART minimizes human involvement in data analysis and reporting. It significantly decreases the time required for integration and interpretation of large data sets and report production. Nexalogy has completed the IDEaS Component 1b Milestone 4, and as a result, SMART has been tested internally with several existing clients. It is expected to be fully available in Q4 of 2020.
AI reporting on social media and other forms of unstructured text is increasingly important. Global developments in the information landscape, as well as the increased importance of telework with the pandemic, have both contributed to the need for strategic reporting of data from these platforms. In terms of automation, SMART helps to reduce the time involved in the analysis and management of the data deluge. In terms of objectivity, SMART helps to reduce human bias and error when dealing with big data. SMART increases efficiency for an extra layer of defence against terrorism, pandemics, and overall crises, as well as providing clients with an edge to be ahead of social trends, competitors, and new audiences.
"We are very happy to have successfully completed the IDEaS Component 1B Milestone 4 and the launch of SMART,” said Marshall Gunter, President and CEO of the Datametrex AI Limited. “Datametrex has put significant effort into the R&D behind SMART, which is a major goal of the IDEaS program. We are confident that our cutting edge technology will significantly benefit our clients. We look forward to deploying this technology in new verticals.”
Other related developments from around the markets include:
Palantir Technologies Inc. (NYSE:PLTR) was chosen by the US Army to receive one of two prototype contracts for the Common Data Fabric and Data Security solution to support network design experimentation for the Army’s next network modernization set of technology, termed Capability Set 23. This marks the first time Palantir’s Gotham software is being integrated with the Army’s latest mission command software application, called the Command Post Computing Environment (CPCE), making Palantir a key partner in accelerating the Army’s modernization. CPCE is now being fielded across the force, providing commanders with better visualization tools, common applications and new server infrastructure. The prototype will work at the intersection of intelligence, mission planning and execution, providing a single, integrated solution to give commanders a global operational picture to make better data-driven decisions.
Facebook Inc. (NYSE:FB) reported financial results for the quarter ended Sept. 30. "We had a strong quarter as people and businesses continue to rely on our services to stay connected and create economic opportunity during these tough times," said Mark Zuckerberg, Facebook founder and CEO. "We continue to make significant investments in our products and hiring in order to deliver new and meaningful experiences for our community around the world."
Twitter Inc. (NYSE:TWTR) announced that Ned Segal, Chief Financial Officer, will participate in a question-and-answer session at the Barclays Global Technology, Media and Telecommunications Virtual Conference on December 9, 2020 at 10:00 a.m. PT. A live webcast and replay of the presentation will be available on Twitter’s Investor Relations website.
Alphabet Inc. (NASDAQ:GOOG) announced that Philipp Schindler, Senior Vice President and Chief Business Officer, Google, will participate in the UBS Global TMT Virtual Conference. The session is scheduled for 10:00 a.m. Pacific Time / 1:00 p.m. Eastern Time on Wednesday, December 9, 2020.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Datametrex AI Ltd. by a third party. We own ZERO shares of Datametrex AI Ltd. Please click here for full disclaimer.
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