Vancouver, Kelowna, Delta, BC – August 8, 2023 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) stocks and industry news brings you today’s edition of The AI Eye Podcast; watching AI breaking news.
Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
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The AI Eye Podcast: Watching AI Breaking News (NasdaqGS: NVDA) (NYSE: LDOS)
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NVDA) (NYSE:LDOS)
NVIDIA Corporation (NasdaqGS:NVDA) has announced “the next-generation NVIDIA GH200 Grace Hopper platform – based on a new Grace Hopper Superchip with the world’s first HBM3e processor – built for the era of accelerated computing and generative AI.” The new platform, according to the press release, is built to handle “the most complex generative AI workloads, spanning large language models, recommender systems and vector databases.” Jensen Huang, founder and CEO of NVIDIA, explained:
“To meet surging demand for generative AI, data centers require accelerated computing platforms with specialized needs. The new GH200 Grace Hopper Superchip platform delivers this with exceptional memory technology and bandwidth to improve throughput, the ability to connect GPUs to aggregate performance without compromise, and a server design that can be easily deployed across the entire data center.”
Leidos Holdings, Inc. (NYSE:LDOS) has entered a strategic collaboration with artificial intelligence and machine learning (AI/ML) platform company Permion, to accelerate the use of AI in critical national security mission sets. Leidos Intelligence Group CTO Robert Franceschini explained:
“Our collaboration with Permion will help advance data-driven decision making and operational support for government agencies and organizations. Game-changing technologies like AI are evolving at a rapid pace, as we’ve witnessed over the last year alone. By joining forces with Permion we can leverage their impressive neurosymbolic and generative AI technology. Using Permion’s advanced platform with our trusted AI/ML will enable both companies to deliver AI-enhanced capabilities to our customers – when and where it’s needed most.”
Global Blockchain AI Market to Reach $1.18B by 2027
A report published by Research and Markets finds that the global market for Blockchain AI is projected to grow from $480 million USD in 2023 to $1.18 billion by 2027, registering a compound annual growth rate (CAGR) of 25.2 percent in the forecast period. The following excerpt from the report’s description outlines some factors impacting the growth of the market:
The growing demand for accessing and managing data efficiently contributed to the growth of the blockchain AI market. Currently, most of the work has become digitalized and is mostly stored on the cloud, which is accessed and managed by blockchain AI. Blockchain AI convergence is inevitable because both the technology deal with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value.
Sam Mowers, Investorideas.com
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AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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