AI Eye Episode 439: Rakuten Mobile to Add Nuance (NasdaqGS: $NUAN) Intelligent Engagement AI Services, and BrainChip Holdings Establishes Development Center in India
Point Roberts, WA and Vancouver, BC - September 24, 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.
AI Eye Episode 439: Rakuten Mobile to Add Nuance (NasdaqGS: $NUAN) Intelligent Engagement AI Services, and BrainChip Holdings Establishes Development Center in India
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC:RKUNY) (NasdaqGS:NUAN) (ASX:BRN)
Rakuten Mobile, a subsidiary of e-commerce giant Rakuten, Inc. (OTC:RKUNY) has announced a strategic partnership with Nuance Communications, Inc. (NasdaqGS:NUAN), wherein it will add the latter's Intelligent Engagement AI Services to its Rakuten Communications Platform (RCP). In doing so, Rakuten Mobile can now offer Rakuten Group companies Conversational and Engagement AI Services, and more. Tareq Amin, Representative Director, Executive Vice President and CTO of Rakuten Mobile, explained:
"With Rakuten Cloud Platform, we are creating an innovative telco cloud platform that will drive a better AI-based customer engagement experience. We're excited about the innovations this will enable Rakuten Group companies to deliver and the potential for bringing it to organizations globally to leverage via Rakuten Cloud Platform."
BrainChip Holdings Ltd (ASX:BRN) has established a Software Development Center in Hyderabad, India, which will focus on software and firmware development to support the company's Akida Neuromorphic System-on-Chip (NSoC). BrainChip's CEO, Louis DiNardo, commented:
"We have established BrainChip Systems India to support the requirement for robust system software and firmware. As Akida is implemented commercially, it is important that our software is mature and provides a positive user experience. We have a very seasoned management and engineering team in Hyderabad. Having a BrainChip entity in India will allow us to recruit and retain experienced engineering professionals as we expand operations to meet market demands. The India group has been working exclusively on Akida software and firmware development for several quarters and we are fortunate to have them join us as we bring Akida to market."
Global AI in Asset Management to Reach $8.3 Billion by 2026
A report published by Research and Marketsfinds that the global AI in Asset Management market will reach $8.3 billion by 2026, registering a compound annual growth rate (CAGR) of 41.1 percent in the forecast period 2020-2026. An excerpt from the report description reads:
The artificial intelligence is finding applications in various fields and has an increasing demand in the financial sector such as assets management. The main areas where AI is gaining attraction in financial assets management comprise personal financial management, investment banking, and fraud detection. With the aid of technologies like machine learning and AI and predictive analytics, financial institutes can accomplish their financial assets more effectively and can also meet the changing behavior of the consumer. This will beneficial for organizations to improve their business operations and the process by automation that further results in enhanced customer experience.
BRN Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
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