Point Roberts, WA and Vancouver, BC - November 29, 2019 (Investorideas.com Newswire) Investorideas.com (www.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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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligenceStocks discussed: (NasdaqGS:MSFT) (TSXV:DM)
Microsoft (NasdaqGS:MSFT) has released "a pre-trained deep-learning natural language processing (NLP) model for automatic conversation response generation" called DialoGPT (dialogue generative pre-trained transformer), according to outlet InfoQ. According to the article, "the model was trained on over 147M dialogues and achieves state-of-the-art results on several benchmarks".
Datametrex AI Limited (TSXV:DM) has reported its financial results for the third quarter ended September 30, 2019. The company's cash position grew from $66,296 in the previous quarter to $812,853, and revenues are up 186 percent, having grown from $589,648 last quarter to $1,683,985. Marshall Gunter, Datametrex CEO, commented:
"In Q3 2019, the Company achieved key milestones and made significant strides in strengthening its AI platform and offering. Increased sales and significant reduction in operating costs attributed substantial improvement in the bottom line."
"We are pleased with the improvements year over year and remain committed to increasing sales. Reducing costs and streamlining operations will position the Company for continued growth."Global Enterprise AI Market to Reach $53.06 Billion by 2026
A report from Allied Market Research finds that the global Enterprise AI market will grow from $4.68 billion in 2018 to $53.06 billion in 2026 with a compound annual growth rate (CAGR) of 35.4 percent. An excerpt from the report overview outlines key factors in the market's growth:
Factors such as booming innovative start-ups and bursting advancements in technology have led to [an] increase in investment in artificial intelligence technologies. Moreover, escalating demand for analyzing and interpreting large amount[s] of data boosts the demand for artificial intelligence industry solutions. Furthermore, increase in adoption of AI in developing economies such as China, and India are expected to provide major opportunities for the enterprise AI market growth in the upcoming years.
Sam Mowers, Investorideas.com
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