Vancouver, Kelowna, Delta, BC – December 7, 2022 (Investorideas.com Newswire) 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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AI Eye Podcast 743: Stocks discussed: (NYSE: ACN) (NYSE: PL) (NYSEAmerican: KULR)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Accenture Collaborating with Planet Labs on AI-Powered Geospatial Intelligence Tools, and KULR Expands Offering with AI Platform
Stocks discussed: (NYSE:ACN) (NYSE:PL) (NYSEAmerican:KULR)
Accenture (NYSE:ACN), through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Planet Labs PBC (NYSE:PL) to “help power decision-making at organizations across myriad industries including agriculture, consumer packaged goods, energy, forestry and government.” This, according to the press release, will take the form of AI-powered geospatial intelligence tools to ultimately mitigate disruption across global value chains. Kevin Weil, President, Product and Business at Planet, said:
“Accenture has demonstrated a deep commitment to sustainability and to helping its clients around the world utilize innovative technologies and new sources of data to help drive their sustainability efforts forward, so we view this as a very strategic collaboration. In addition to opportunities to collaborate with many shared clients, we believe our participation in Accenture Ventures’ Project Spotlight program will help illustrate the benefits our data can deliver to organizations across different industry sectors.”
Energy management platform company KULR Technology Group, Inc. (NYSEAmerican:KULR)
has announced that it is expanding its vibration reduction solution KULR VIBE offering with the launch of a scalable, centralized artificial intelligence server platform. The KULR VIBE AI platform, according to the press release, will enable “advanced, trajectory-altering maintenance capable of optimizing craft performance and systems to prioritize safety, allow for lower maintenance costs and increase the lifespan of sensitive and expensive equipment in the field resulting in longer commercial use.”
Global AI in Construction Market to Reach $5.04B by 2030
A report published by Verified Market Research finds that the global AI in Construction market is projected to grow from $610.64 million USD in 2021 to $5.04 billion by 2030, registering a compound annual growth rate (CAGR) of 35.7 percent in the forecast period 2022-30. The following excerpt from the report’s description outlines the impact of AI on the market, and some key factors contributing to its growth:
Construction workers are using artificial intelligence (AI) to increase project efficiency and accuracy, monitor and track equipment usage and location, and a range of other AI-driven applications. The Global Artificial Intelligence (AI) In Construction Market is expected to rise due to concerns regarding the safety measures at the construction sites, the rising demand for visual analytics, and data integration in the construction industry.
Sam Mowers, Investorideas.com
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