USA News Group
Commentary
Issued on behalf of Scope AI Corp.
VANCOUVER, BC, May 6, 2024
/CNW/ -- USA News Group – Despite
a lack of consensus among thousands of experts on the development
of artificial intelligence (AI) as it permeates the global economy,
one thing is certain, AI is here to stay. According to analysts at
Fintech Futures, the Generative AI Market expected to reach
a revenue of US$266 billion by 2032,
growing at an explosive CAGR of 37.8%. Behind the scenes of this
AI-revolution, several tech companies are jockeying for position
and adding new propositions for their clients, including
developments from Scope AI Corp. (CSE: SCPE) (OTCQB:
SCPCF), Cisco Systems, Inc. (NASDAQ: CSCO), Mobileye
Global Inc. (NASDAQ: MBLY), Samsara Inc. (NYSE: IOT),
and Veritone, Inc. (NASDAQ: VERI).
As the landscape of deep machine learning continues to evolve
and reveal its potential across various sectors, Scope AI
Corp. (CSE: SCPE) (OTCQB: SCPCF) has recently rebranded and
expanded its target market to serve an expanding range of
industries. Built upon its proprietary technology, GEM (General
Enterprise Machine Learning), Scope recently updated the
market regarding GEM's latest advancements, which now include a
one-stop web solution for developers and individuals, as well as
businesses, large and small, to create, build, and use their own
image detection, behavior analysis and neural network systems for
their individual customer business cases.
The newly updated GEM Platform is a SaaS web application
equipped with advanced user management tools for administrators or
supervisors (CRM), enhanced security for logins and accounts, and
comprehensive data encryption built directly into the system.
Scope has initially targeted the advertising, gaming, and
healthcare industries. The platform's intuitive web interface
allows businesses of any size to easily start and create tailored
solutions. Additionally, a sophisticated Application Programming
Interface (API) is set to be released later this year.
The new GEM system, set to launch its beta version in late
May 2024, offers a comprehensive
solution for businesses of any size to develop their own AI-driven
object detection and visual information systems. This platform
enables companies to experiment with how variations in visuals and
user flows impact performance, leveraging the power of neural
networks for a wide range of industry-specific applications.
In the field of AI-focused security, Cisco Systems, Inc.
(NASDAQ: CSCO) recently launched its latest offering following its
$28-billion acquisition of
Splunk earlier this year. Dubbed 'Hypershield', the product
employs AI to protect applications, devices and data across public
and private data centers, clouds, and physical locations.
"Cisco Hypershield is one of the most significant security
innovations in our history," said Chuck
Robbins, Chair and CEO of Cisco. "With our data
advantage and strength in security, infrastructure and
observability platforms, Cisco is uniquely positioned to
help our customers harness the power of AI."
Hypershield's security enforcement operates at three distinct
layers: within the software, across virtual machines, and
throughout network and compute servers and appliances. This system
utilizes the same advanced hardware accelerators that are commonly
employed in high-performance computing environments and large-scale
public clouds.
Helping to move the auto industry closer to universal automated
assistance and navigation functionality, technology developed by
Mobileye Global Inc. (NASDAQ: MBLY) will now be incorporated
into vehicles made by both Volkswagen and
Porsche. In the case of the Volkswagen deal,
VW became the first vehicle manufacturer to develop an
autonomous Level 4 service vehicle for large-scale production,
after pulling out of its planned investment in Argo AI last
year.
"Bringing autonomous shuttles on the road in large quantities
requires cooperation from strong partners," says Christian Senger, member of the Board of
Management at Volkswagen Commercial Vehicles, responsible
for Autonomous Driving. "We are developing the first fully
autonomous large- scale production vehicle, and Mobileye
brings its digital driver on board."
By contrast, Porsche will implement Mobileye's
"Supervision" system, which allows drivers to take their hands off
the wheel while traveling on certain road types, and allows the
vehicle to follow navigation routes, change lanes, and even
overtake slower vehicles ahead.
Quest Waste Management recently selected Samsara
Inc. (NYSE: IOT) to provide its industry-leading AI dash cams
to improve fleet safety. Samsara's platform leverages
Internet of Things (IoT) data to enable organizations involved in
physical operations to gain insights and enhance their operational
efficiency. Samsara's AI Dash Cams and driver coaching tools
are designed to provide significant benefits, such as reducing
accidents, preventing false claims, and lowering operational
costs.
"We look forward to providing [Quest] with the insights
and real-time data they need to create a real-world impact on
safety, for their employees, customers and the community within
which they operate," said Philip van der
Wilt, senior vice president and general manager for
Europe, Middle East and Africa (EMEA) at Samsara.
Quest reports having tens of thousands of clients
throughout North America and
Europe in various sectors,
including construction, transportation and warehousing, field
services, manufacturing, retail, logistics, and the public sector.
In addition to establishing this new comprehensive fleet safety
programme, Quest said it plans to also harness the
capabilities of Samsara's Connected Operations Platform in
the future.
Looking to help bolster the media industry's ability to measure
its audience sizes, Veritone, Inc. (NASDAQ: VERI) claims
that AI can help. During a webinar titled "An Exclusive Debrief:
Using AI to Solve Broadcast Media's Measurement Issue",
Paul Cramer, Managing Director of
Media and Broadcast at Veritone spoke to several media
members in the audience, to address how AI can help through content
intelligence, and advertising intelligence.
"For those of you who aren't familiar with Veritone, we
help you manage and monetize your content using AI, and we work
with over 2, 000 media brands in six countries across cultural
environments," said Cramer, noting those brands include CBS
News, CNBC, CNN, CNBC, Cox Radio
and Television, Hearst Television,
iHeartMedia and NBCUniversal.
Veritone recently announced it had enhanced its
Advertising and Content Intelligence Suite to support
future-proofing of client broadcast revenues. Their Advertising and
Content Intelligence Suite offers a robust collection of AI-driven
tools that enhance content management, advertising strategies, and
audience engagement for media companies, advertisers, and
broadcasters. The suite utilizes the aiWARE enterprise AI platform
to deliver comprehensive capabilities in media monitoring, content
discovery, ad verification, and analytics.
"Veritone's latest enhancements to our Advertising
Content and Intelligence Suite empower our clients to adapt to new
AI-powered media management methodologies and lead with
sophisticated tools that help them to increase their ad revenue,"
said Sean King, General Manager for
Veritone Media and Entertainment. "Our new enhancements
prioritize data privacy and security and provide broadcasters with
nearly instant insights, enabling them to make data-driven
connections between ad placement and audience impact."
Article Source:
https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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