Artificial intelligence is reshaping our environment, finding use in healthcare, customer service, data analytics, autonomous driving, and many other industries. JP Morgan analysts believe the market could grow to $58 billion by 2021. The auto industry is using AI to create driverless cars. The financial industry uses it to help organize operations, for bookkeeping, and to help reduce fraud and potential crime. Physicians can use it to identify correct medications based on patient analysis, and can even use it to help identify medical issues before they present themselves. Google and Facebook use it to deliver better advertising to users. Companies are also using AI for job automation, as well. Better, Microsoft CEO Satya Nadella says AI is the "defining technology of our times.” From here, as the AI story improves, some of the companies to keep an eye on include Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF), NVIDIA Corporation (NASDAQ:NVDA), IBM (NYSE:IBM), Microsoft Corp. (NASDAQ:MSFT), and Splunk Inc. (NASDAQ:SPLK).
Datametrex AI Limited (TSXV:DM)(OTC:DTMXF) BREAKING NEWS: Datametrex AI Limited is pleased to announce that it has been awarded two AI related contracts totaling $150,000 on the initial pilot contracts. The first contract is for tech support for Incheon International Airport Corporation, a major airport in the Republic of Korea.
Under the terms of the contract, Datametrex will provide AI for job automation scheduling using AI technologies in partnership with third party software from Sees solutions for Workload Automation-As-A-Service. The batch job scheduler will help automate the workflow with all batch jobs that are software managed and approve the results of the execution by WAAAS. Integrated batch job scheduler systems are linked to the existing legacy system and each target system is configured to execute batch jobs. Once operational, the system will feature integrated batch job management, flexible approval system, efficient calendar management, secure security, optimal performance, and agent add-in are features that manage file transfer functions.
The Company was also awarded a contract with ABL Life Insurance Co., Ltd. for job automation scheduling. The Company commenced the work, and is already in negotiation to expand the scope of work and contract.
Other related developments from around the markets include:
NVIDIA Corporation (NASDAQ:NVDA) reported record revenue for the third quarter ended October 25, 2020, of $4.73 billion, up 57 percent from $3.01 billion a year earlier, and up 22 percent from $3.87 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $2.12, up 46 percent from $1.45 a year ago, and up 114 percent from $0.99 in the previous quarter. Non-GAAP earnings per diluted share were $2.91, up 63 percent from $1.78 a year earlier, and up 33 percent from $2.18 in the previous quarter. “NVIDIA is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall,” said Jensen Huang, founder and CEO of NVIDIA. “The new NVIDIA GeForce RTX GPU provides our largest-ever generational leap and demand is overwhelming. NVIDIA RTX has made ray tracing the new standard in gaming.
IBM (NYSE:IBM) announced new technology initiatives leveraging Amazon Web Services (AWS), designed to help clients simplify and extend their security visibility across AWS and hybrid cloud environments. The projects include integrations with AWS security services, quick start deployment for key IBM Security technologies, as well as expert consulting and managed security services support. As businesses move further into hybrid cloud operations, security teams may struggle to protect increasingly diverse and complex IT environments. Security system complexity is also a challenge and was identified as the top factor increasing data breach costs amongst surveyed organizations in the 2020 Cost of a Data Breach Report from IBM and Ponemon Institute. As a result, companies are seeking solutions to streamline and modernize their security operations for the hybrid cloud era, which may be achieved through integrated offerings and collaboration between security leaders and cloud service providers.
Microsoft Corp. (NASDAQ:MSFT) and Warner Bros. are tipping off an epic partnership, celebrating the release of the new movie “Space Jam: A New Legacy,” coming in 2021. The campaign launch teams up Xbox with basketball champion and cultural icon LeBron James, Bugs Bunny and the rest of the Looney Tunes Tune Squad to amplify coding education and create an original Xbox arcade-style video game inspired by the movie. As announced on his Instagram, LeBron and Bugs Bunny are on the hunt for the best fan-submitted video game ideas. Starting Dec. 14 through Dec. 30, fans aged 14 and up can visit the official contest website to review official rules and submit their game ideas. To enter, fans select the gaming genre of their choosing using a key image, and then describe the game idea in less than 500 words.
Splunk Inc. (NASDAQ:SPLK), provider of the Data-to-Everything Platform, announced results for its fiscal third quarter ended October 31, 2020. “Even in the face of uncertain market conditions, Splunk remains one of the fastest growing companies in the history of enterprise software,” said Doug Merritt, President and CEO, Splunk. “We crossed an important milestone during the quarter as continued demand for data-driven insights across our global customer-base drove our total ARR to over $2 billion. Today, there’s no better strategic partner to help organizations turn their data into action and accelerate their journey to the cloud than Splunk.”
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