The AI Eye: IBM Announces 'AI Captain' Sea Trials for Mayflower Autonomous Ship and Mobi724 Announces New Hires for Company Expansion into Mexico, Central America

Point Roberts, WA and Vancouver, BC - March 5, 2020 (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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The AI Eye: IBM (NYSE: $IBM) Announces 'AI Captain' Sea Trials for Mayflower Autonomous Ship and Mobi724 Announces New Hires for Company Expansion into Mexico, Central America

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

Stocks discussed: (NYSE:IBM) (TSXV:MOS)

IBM (NYSE:IBM), along with marine research organization Promare, has announced that trials for the Mayflower Autonomous Ship's (MAS) 'AI Captain' navigation platform will take place this month. The AI Captain leverages "cameras, AI and edge computing systems to safely navigate around ships, buoys and other ocean hazards," and will be utilized in the MAS to trace the route of the original 1620 Mayflower, commemorating the 400th anniversary of the historic voyage. Don Scott, CTO of the Mayflower Autonomous Ship, commented:

"While the autonomous shipping market is set to grow from $90BN today to over $130BN by 2030*, many of today's autonomous ships are really just automated - robots which do not dynamically adapt to new situations and rely heavily on operator override. Using an integrated set of IBM's AI, cloud, and edge technologies, we are aiming to give the Mayflower the ability to operate independently in some of the most challenging circumstances on the planet."

Mobi724 Global Solutions Inc. (TSXV:MOS), a fintech company that offers a suite of integrated technology-agnostic, BI & AI powered card-linked offers & reward solutions, has hired and completed the on-boarding of two full-time sales executives to oversee company expansion in Mexico and Central America. Ramon Martinez, who most recently worked as General Manager Mexico for Ingenico Payment Solutions and General Manager Latin America (Software Analytics) for General Electric, has been named Regional Manager - Mexico & Central America (Banks). And Rodrigo Zuñiga Zorrilla, who most recently worked as Senior Sales Manager (LATAM) for InAuth Inc., has been named Regional Manager - Mexico & Central America (Merchants). Marcel Vienneau, CEO of Mobi724, commented:

"I am delighted to welcome both Ramon and Rodrigo as part of the Mobi724 team. I am very happy to see that Mobi724's unique offering attracts some of the best talent available in Mexico and the region, thereby supporting our objective to accelerate monetization of the sales pipeline and the Company's Smart Transactions BI & AI powered processing platform."

Global Autonomous Ships Market to Reach $134.9 Billion by 2030

*A report from Allied Market Research, which was referred to in the above Mayflower Autonomous Ship story, finds that the global Autonomous Ships market will indeed grow from $88.01 billion in 2020 to $134.90 billion by 2030 with a compound annual growth rate (CAGR) of 4.4 percent in the forecast period. An excerpt from the report overview outlines the market:

Autonomous ships also known as crewless ships are equipped with the software & hardware without human interference. The components such as sensors, automated navigation, propulsion & auxiliary systems, GPS tracker, and others present in the ships help to make decision in accordance with the environment. Moreover, the partially automated ships are controlled & monitored through the off-board control centers with the interference of human. In addition, autonomous ships have their complete operations controlled by the advanced operating systems which enables it to take decisions and actions by itself.

The component[s] such as sensor[s], integrated radar systems, and live tracking navigation assembly used in autonomous ships are supported by services such as IoT, Artificial intelligence (AI), and others, which help to follow mission plans, adjust mission execution, and sense the environment with the necessary decision logic. Presently, there is a demand for smart and autonomous ships which can reduce human involvement in the operation. One of the major factors that drive the autonomous ships market share is increase in seaborne trades across the globe.

Sam Mowers, Investorideas.com

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