Hampleton Partners’ latest analysis of the Artificial Intelligence M&A market reveals that over 150 deals were disclosed in 2018, up from 105 deals in 2017. The first half of 2019 is also showing impressive AI-related M&A momentum, with 65 deals already recorded and a total of near 100 deals forecast for the half-year only. In terms of market value, AI is forecast to grow from $21.46 billion in 2018 to $190 billion by 2025 – in other words, to grow nine-fold over the next seven-year period.
Heiko Garrelfs, sector principal, Hampleton Partners, said:
“Q1 2019 has set the pace for the rest of the year, with record-breaking M&A transaction volumes in two of three artificial intelligence sub-sectors. With the growth and competitiveness of many industries now dependent on the development of these AI technologies, strategic investors across all sectors and continents are stepping up their acquisitions and investments.
“Artificial intelligence is one of the fastest-moving sectors, thriving off great momentum and yielding game-changing outcomes.”
Artificial intelligence has moved from the experimental into the developmental phase of the innovation cycle. As the application of AI grows increasingly widespread across almost all verticals, several industries are now dependent on AI advancements to ensure their growth and competitiveness, including autonomous vehicles, IoT, healthtech, e-commerce, insurance and smart cities.
These industries look for artificial intelligence that can propel their next technology push, improve efficiency and productivity, streamline business models, and reduce latency and fragmentation.
Machine data analysis and edge AI
The first quarter of 2019 has proven a record period in M&A transaction volume for the machine data analysis sector with 46 deals.
Machine data analysis has recently shown an inclination towards Edge AI – i.e. running AI algorithms on edge devices such as smartphones or cars, rather than communicating with a central cloud or server – which allows devices to safeguard privacy, avoiding the purported insecurity of cloud-based data systems.
Edge computing also allows devices to process information locally and respond more quickly, which is vital for the development of Internet of Things (IoT) and autonomous vehicle technology, where immediate response is a necessity.
Computer vision experienced a stellar half-year in 2H 2018, mainly owing to growth in hot trends such as facial recognition, check-out-free retail or motion analysis, all of which enable the collection of more insights and provide information for future market opportunities.
Facial recognition is fast becoming a dominant form of biometric authentication, with early commercial applications in security, retail, payments and consumer electronics – Apple’s latest smartphone technology for Face ID logins and payments being one of the commercially popular use-cases. Retailers are also adopting the technology to recognise returning customers – a strategy used to offer special discounts as part of loyalty programmes.
Furthermore, as increasingly smart city infrastructure adopts security cameras, video analytics can be widely applied using facial recognition to detect and track offenders or suspects in public spaces.
Language analysis and conversational AI
Global tech companies east and west have focused heavily on Conversational AI. Google’s integration of Duplex – its new AI-driven automated reservation-making system – into the Pixel 3 smartphone, transformed the Google handheld device into an AI powerhouse.
However, Apple’s Siri has lagged far behind Amazon’s Alexa and Google’s Assistant in terms of voice recognition ability and development. It was no surprise, therefore, that in February 2019 Apple acquired PullString, a speech recognition software development SaaS which enables businesses to build interrelated applications for IoT devices.
Many companies believe the problem is not the speech recognition technology itself, but the lack of focus and reasoning within these systems. As a result, intent detection – i.e. the ability to determine from context what the user wants – has become the new research focus area for speech recognition start-ups who are willing to challenge the hegemons and fill in the gaps in big tech AI.
WISeKey is Adapting its R&D and Extended Patents Portfolio to the Post-COVID 19 Economy with Specific Focus on Post-Quantum Cryptography
WISeKey is Adapting its R&D and Extended Patents Portfolio to the Post-COVID 19 Economy with Specific Focus on Post-Quantum CryptographyWith more than 25% of its 2019 annual turnover invested in R&D, WISeKey is a significant and recognized contributor to digital trust in an interconnected world. The Company’s recent publication and a conference presentation about post-quantum cryptography illustrates once again that innovation is at the heart of the Company.WISeKey is involved in this NIST PQC (Post-Quantum Cryptography) program with the only objective of providing future-proof digital security solutions based on existing and new hardware architecturesGeneva, Switzerland – May 28, 2020: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, published today a technical article (https://www.wisekey.com/articles-white-papers/) discussing how to guarantee digital security and protect against hackers who will take advantage of the power of quantum information science. This research was presented (video here: https://www.wisekey.com/videos/) during the remote International Workshop on Code-Based Cryptography (CBCrypto 2020 – Zagreb, Croatia – May 9-10 2020).IoT products are a major component of the 4th industrial revolution which brings together advances in computational power, semiconductors, blockchain, wireless communication, AI and data to build a vast technology infrastructure that works nearly autonomously.According to a recent report published by Fortune Business Insights™ and titled “Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026.”, the IoT market was valued at USD 190.0 billion in 2018. It is projected to reach USD 1,102.6 billion by 2026, with a CAGR of 24.7% in the forecast period. Huge advances in manufacturing have allowed even small manufacturers to produce relatively sophisticated IoT products. This brings to the surface issues related to patents governing IoT products and communication standards governing devices.Studies about quantum computing, namely “how to use quantum mechanical phenomena to perform computation”, were initiated in the early 1980s. The perspectives are endless and the future computers will get an incredible computing power when using this technology. When used by hackers, these computers will become a risk to cybersecurity: all the cryptographic algorithms used today to secure our digital world are exposed. Therefore, the US National Institute of Standards and Technology (NIST) launched in 2016 a wide campaign to find new resistant algorithms.WISeKey’s R&D department is very much involved in this NIST PQC (Post-Quantum Cryptography) program with the only objective to provide the market with future-proof digital security solutions based on existing and new hardware architectures. The new article reports one of the Company’s current contributions to this safer cyber future. ROLLO-I, a NIST shortlisted algorithm, was implemented on some of WISeKey’s secure chips (MS600x secure microcontrollers, VaultIC™ secure elements, …) with countermeasures to make them robust against attacks.Although nobody exactly knows when quantum computers are going to be massively available, this is certainly going to happen. WISeKey is significantly investing to develop new technologies and win this race.“With a rich portfolio of more than 100 fundamental individual patents and 20 pending ones in various domains including the design of secure chips, Near Field Communication (NFC), the development of security firmware and backend software, the secure management of data, the improvement of security protocols between connected objects and advanced cryptography, to mention a few, WISeKey has become a key technology provider in the cybersecurity arena,” says Carlos Moreira, Founder and CEO of WISeKey. “This precious asset makes WISeKey the right Digital Trust Partner to deploy the current and future Internet of Everything.”Want to know more about WISeKey’s Intellectual Properties? Please visit our website: https://www.wisekey.com/patents/.About WISeKeyWISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.Press and investor contacts:Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
Singapore Chooses VANTIQ to Support Digital Transformation Projects
SAN FRANCISCO and SINGAPORE, May 27, 2020 (GLOBE NEWSWIRE) — VANTIQ announced today that it was enrolled by Singapore’s Infocomm Media Development Authority (IMDA) to join a select group of innovative technology companies helping local government agencies and enterprises develop transformative digital tools.
VANTIQ provides a platform that lets customers build next-generation applications that combine real-world data and real-time events. VANTIQ powers a broad array of applications for smart cities, smart buildings, oil and gas, telecom, healthcare and other industries.VANTIQ is now a participant in the nation’s SG:D Spark Programme, which was launched in 2018 to help promising Singapore-based ICM start-ups address key challenges through selected government tools and support from leading industry partners.IMDA selects the companies through a rigorous evaluation process, looking for companies with innovative and unique technology to help build a vibrant ICM community and network to drive the growth of the Singapore ICM ecosystem. VANTIQ’s enrollment in the program will give it access to a broad array of leading industry partners, government tools, and priority processing of grants by IMDA.“VANTIQ is delighted to be chosen for the SG:D Spark program, and we look forward to supporting the digital transformation of businesses in Singapore,” said Steve Goh, vice president of APAC for VANTIQ. “As Singapore strives to realize its digital economy vision, we look forward to working with local partners to spur the process of digital transformation.”About VANTIQ
VANTIQ enables customers to build next-generation applications that combine real-world data and real-time events. Our agile development environment allows complex applications to be created in weeks with minimal coding, taking full advantage of artificial intelligence (AI), Internet of Things (IoT) and edge computing. VANTIQ powers a broad array of applications for smart cities, smart buildings, oil and gas, telecom, healthcare and other industries. VANTIQ was founded in 2015 by technology veterans Marty Sprinzen and Paul Butterworth, co-founders of Forte Software. Learn more at www.vantiq.com.Media Contacts:Dave Reddy, Big Valley Marketing for VANTIQ, firstname.lastname@example.org
Steve Goh, Vice President of APAC, VANTIQ, email@example.com
Sykes Enterprises, Incorporated to Participate in Baird’s 2020 Virtual Global Consumer, Technology & Services Conference
TAMPA, Fla., May 27, 2020 (GLOBE NEWSWIRE) — Sykes Enterprises, Incorporated (“SYKES” or the “Company”) (NASDAQ: SYKE), a leading full life cycle provider of global customer engagement services, multichannel demand generation and digital transformation, plans to participate in Baird’s 2020 Virtual Global Consumer, Technology & Services Conference on June 2, 2020. About Sykes Enterprises, IncorporatedSykes Enterprises, Incorporated (“SYKES” or “the Company”) is a leading provider of multi-channel demand generation and global customer engagement services. The Company provides differentiated full lifecycle customer engagement solutions and services primarily to Global 2000 companies and their end customers principally in the financial services, communications, technology, transportation & leisure and healthcare industries. SYKES’ differentiated full lifecycle management services platform effectively engages customers at every touchpoint within the customer journey, including digital marketing and acquisition, sales expertise, customer service, technical support and retention, many of which can be optimized by a suite of robotic process automation (“RPA”) and artificial intelligence (“AI”) solutions. The Company serves its clients through two geographic operating regions: the Americas (United States, Canada, Latin America, South Asia and Asia Pacific) and EMEA (Europe, the Middle East and Africa). Its Americas and EMEA regions primarily provide customer-engagement solutions and services with an emphasis on inbound multichannel demand generation, customer service and technical support to its clients’ customers. These services are delivered through multiple communication channels including phone, email, social media, text messaging, chat and digital self-service. The Company also provides various enterprise support services in the United States that include services for its clients’ internal support operations, from technical staffing services to outsourced corporate help desk services. In Europe, the Company provides fulfillment services, which includes order processing, payment processing, inventory control, product delivery and product returns handling. Additionally, through the acquisition of RPA provider Symphony Ventures Ltd (“Symphony”) coupled with its investment in AI through XSell Technologies, Inc. (“XSell”), the Company also provides a suite of solutions such as consulting, implementation, hosting and managed services that optimizes its differentiated full lifecycle management services platform. SYKES’ complete service offering helps its clients acquire, retain and increase the lifetime value of their customer relationships. The Company has developed an extensive global reach with customer engagement centers across six continents, including North America, South America, Europe, Asia, Australia and Africa. It delivers cost-effective solutions that generate demand, enhance the customer service experience, promote stronger brand loyalty, and bring about high levels of performance and profitability. For additional information please visit www.sykes.com.For additional information contact:
Sykes Enterprises, Incorporated
Latest News11 months ago
Bleckwen Raises $10m and Appoints David Christie as CEO
Artificial Intelligence1 year ago
Kneron Debuts Edge AI Chip, Bringing AI to Devices Everywhere
Artificial Intelligence1 year ago
Chartis Research Names FICO a Category Leader in AI for Financial Services
Artificial Intelligence12 months ago
LogRhythm Scores the Singapore Business Review Technology Excellence Award 2019 for Cyber Security – Computer Software
Artificial Intelligence1 year ago
CredoLab extends smartphone-based scoring to insurers
Artificial Intelligence1 year ago
Tuya Exhibiting Products from its Global Clients that are “Powered by Tuya”
Artificial Intelligence11 months ago
Chengdu Tianfu Software Park Reflects the Vitality of IP Innovation
Artificial Intelligence8 months ago
Mogo announces a digital lending pilot with goeasy Ltd.