Artificial Intelligence
The global market for e-Learning is projected to reach US$305.3 billion by 2025
New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global E-Learning Industry” – https://www.reportlinker.com/p03646043/?utm_source=GNW
Specifically in the enterprise sector, with companies embracing a culture of learning to outperform competition, corporate e-learning is emerging as a high growth sub-sector within the market. Advantages offered by e-Learning driving its adoption in the academic and corporate sectors include versatility and flexibility as the learning pattern can be customized to suit all learning needs; audio visual learning tools enable better knowledge retention; information is made easy to understand and remember; higher degree of content coverage across all subjects; cost effective as it eliminates the need for infrastructure, travel, and other related expenditure; flexibility to listen to lectures and access content for unlimited number of times; reduced need to take down notes and enables more efficient management of time; reduced learning times; unrivalled convenience as it enables anytime, anywhere access to classrooms; encourages active and independent learning behavior among students; enables focused learning by allowing learners to selectively exclude subject matter elements not relevant to them; reduces reliance on a single teacher as a source for help and opens alternative sources of information via web forums, online tutorials, digital libraries at no additional costs.
Additionally, e-Learning systems based on cloud computing platforms enable course and content designers to create cost efficient and more accessible solutions. The migration from Adobe Flash to HTML5 eliminates conventional challenges associated with multimedia integration which remains vital for developing dynamic and interactive e-Learning course material that provide maximum engagement with the audience. Asia-Pacific ranks including China, is a major market led by factors such as growing importance of education especially in Asian countries with competitive labor markets; lack of skilled teachers in schools and colleges and the resulting increase in shadow education, private online tutoring and adoption of self-reliant learning strategies among students; and robust proliferation of smartphones and tablets and their use as an education and learning tool. Australia ranks as the most mature market, followed by China, India and South Korea.
Read the full report: https://www.reportlinker.com/p03646043/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
e-Learning Brings in a New Transformation in Education Sector
Rapid Internet Penetration Catalyzes Broad Based Growth in the
Market
Internet Ubiquity, Speed & Bandwidth Explosion Provides the
Support Platform for the Proliferation of e-Learning Services:
Internet Users as % of Population by Region for 2019 and 2024
Video Use in e-Learning Witnesses Robust Growth
Higher User Engagement With Short Videos as Compared to Other
Forms of Content Drives the Value of Creating Short But
Effective eLearning Video Content: % Engagement Loss by Video
Length
Academic Sector Remains the Largest Market for e-Learning
Corporate e-Learning: The Fastest Growing Segment
Global Average Per Capita Spending on Workplace Training of
Employees (In US$) for the Years 2012, 2014, 2018 and 2020
RECENT MARKET ACTIVITY
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
AR & VR Technologies Take e-Learning to the Next Level in
Efficiency Enhancement
Augmented Reality (AR) Makes eLearning More Engaging, and
Interactive
Virtual Reality (VR) & Wearable Devices Contribute to Cost-
effective Online Learning & Training
Advances in Artificial Intelligence Drives Adaptive and
Personalized eLearning
Commercialization of AI Technology Boosts Use of AI in e-
Learning: Global Market for Market In US$ Billion for 2018,
2020, 2022, and 2024
Companies Turn towards Learning Experience Platform (LXP)
Rise in User Generated Content
Technology Innovations Continue to Benefit Market Growth
Select e-Learning Products
Cloud: Growing Domain for e-Learning Application Development &
Delivery
Myriad Benefits of Cloud Drive Opportunities for Cloud as the
Future of e-Learning Infrastructure: Global Public Cloud
Services (In US$ Billion) for the Years 2018, 2022 and 2024
Big Data Analytics to Drive Personalized Learning Experiences
Role of Social Media in e-Learning Grows Stronger
Social and Collaborative Learning Picks up Momentum Among
Companies
Expanding Social Presence Continues to Play a Central Role in
the Integration of Social Networking with Education: Global
Number of Social Media Users (In Billion) for the Years 2014,
2018 and 2022
Rapid eLearning: A Viable Alternative to Conventional
Development Techniques
Supportive Government Policies Provide the Foundation for Growth
Emerging Economies Drive Growth in the Market
Web Conferencing Emerges as a Major Collaborative Tool in e-
Learning
Global Market for Video, Web & Audio Conferencing Systems and
Solutions (In US$ Billion) for the Years 2015, 2018, 2022 &
2024
Creation of a Personal Learning Environment (PLE), the Most
Rewarding Aspect of e-Learning
MOOCs: New Form of Online Training
LMS: A Key Contributor to e-Learning
Microlearning Gains Traction in Corporate eLearning
m-Learning Emerges to Revolutionize e-Learning
Worldwide Smartphone Sales (in Million Units) by Geographic
Region/Country for the Years 2018 & 2022
Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
Apps Critical to the Growth of m-Learning
Development of HTML5
M-Learning VAS Offers Support Structure for m-Learning
Gamification of Learning, the Most Lucrative Way to Monetize e
-Learning
Shadow Education Emerges to Drive a Large Chunk of Growth in
the Academic/ Educational Sector
Global Market for Private Tutoring in US$ Billion for the Years
2018, 2020, 2022 and 2024
Growing Student Population Benefits Growth of e-Learning in the
Academic Sector
Burgeoning World Student Population Expands the Addressable
Market Opportunity for e-Learning Technologies: Student
Population (In Million) in Select Countries Worldwide for the
Year 2019E
Academic eLearning to Leverage the Growing Trend of BYOD in
Classrooms
e-Learning Rides the BYOD to School Wave, With Smartphone
Penetration Being the Highest in the 12+ Age Group of Children
& Teens: Smartphone Ownership by Age Group in the U.S for the
Year 2018
Proliferation of BYOD Among Enterprises Opens New Avenues for
the Growth of Corporate m-Learning
Global Spending on BYOD (In US$ Billion) for the Years 2017 & 2022
Key Challenges to Market Growth
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for E-Learning by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 2: World Historic Review for E-Learning by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 3: World 15-Year Perspective for E-Learning by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets
for Years 2012, 2020 & 2027
Table 4: World Current & Future Analysis for Academic by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 5: World Historic Review for Academic by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 6: World 15-Year Perspective for Academic by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2020 & 2027
Table 7: World Current & Future Analysis for Corporate by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027
Table 8: World Historic Review for Corporate by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 9: World 15-Year Perspective for Corporate by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Overview
Corporate e-Learning Market
Online Learning: Increasing Role in Higher Education
Self-Paced eLearning Market
Strong Growth Characterizes PreK-12 & Higher Education
Virtual Schools & Homeschooling Drive Demand for e-Learning
Products
Market Analytics
Table 10: USA Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 11: USA Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 12: USA 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and Corporate
for the Years 2012, 2020 & 2027
CANADA
Market Overview
Modest Penetration of Online and Blended Learning
Market Analytics
Table 13: Canada Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 14: Canada Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 15: Canada 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
JAPAN
e-Learning Market Continues to Gain Traction
Language e-Learning: Market Overview
Corporate Sector Drives eLearning Market
Market Analytics
Table 16: Japan Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 17: Japan Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 18: Japan 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and Corporate
for the Years 2012, 2020 & 2027
CHINA
Greater Demand for Online Tutoring Platforms and High Mobile
Internet Penetration Rates Drives Growth Opportunities in
China
Creating Localized e-Learning Content for China
Online Higher Education: On the Growth Curve
Corporate e-Learning: A Promising Sector
Market Analytics
Table 19: China Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 20: China Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 21: China 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and Corporate
for the Years 2012, 2020 & 2027
EUROPE
Market Overview
Market Analytics
Table 22: Europe Current & Future Analysis for E-Learning by
Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2020 through 2027
Table 23: Europe Historic Review for E-Learning by Geographic
Region – France, Germany, Italy, UK and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 24: Europe 15-Year Perspective for E-Learning by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2012, 2020 & 2027
Table 25: Europe Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 26: Europe Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 27: Europe 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
FRANCE
Market Overview
Market Analytics
Table 28: France Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 29: France Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 30: France 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
GERMANY
Table 31: Germany Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 32: Germany Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 33: Germany 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
ITALY
Table 34: Italy Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 35: Italy Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 36: Italy 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and Corporate
for the Years 2012, 2020 & 2027
UNITED KINGDOM
Market Overview
Corporate e-Learning on the Growth Curve
Market Analytics
Table 37: UK Current & Future Analysis for E-Learning by
Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 38: UK Historic Review for E-Learning by Segment –
Academic and Corporate Markets – Independent Analysis of Annual
Sales in US$ Billion for Years 2012 through 2019
Table 39: UK 15-Year Perspective for E-Learning by Segment –
Percentage Breakdown of Value Sales for Academic and Corporate
for the Years 2012, 2020 & 2027
REST OF EUROPE
Table 40: Rest of Europe Current & Future Analysis for
E-Learning by Segment – Academic and Corporate – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027
Table 41: Rest of Europe Historic Review for E-Learning by
Segment – Academic and Corporate Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 42: Rest of Europe 15-Year Perspective for E-Learning by
Segment – Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
ASIA-PACIFIC
An Overview
The eLearning Curve
Corporate e-Learning Holds Significant Growth Potential
Australia
Factors Driving Adoption of eLearning Programs
eLearning in Primary and Secondary Education (K-12)
eLearning in Higher Education
Corporate & Government Training Programs
India
Government Initiatives to Spur Demand for eLearning in India
eLearning Opportunities
e-Learning in Higher Education
Growing Significance of eLearning in Corporate Sector
South Korea
Market Analytics
Table 43: Asia-Pacific Current & Future Analysis for E-Learning
by Segment – Academic and Corporate – Independent Analysis of
Annual Sales in US$ Billion for the Years 2020 through 2027
Table 44: Asia-Pacific Historic Review for E-Learning by
Segment – Academic and Corporate Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 45: Asia-Pacific 15-Year Perspective for E-Learning by
Segment – Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
REST OF WORLD
Latin America
Underdeveloped Traditional Education System Provides Greater
Growth Opportunities in Latin America
Brazil
Mexico
Middle East and Africa
Digitization Initiatives to Shape Growth in Africa
Qatar
Saudi Arabia – Increasingly Focused on e-Learning
United Arab Emirates (UAE)
Market Analytics
Table 46: Rest of World Current & Future Analysis for
E-Learning by Segment – Academic and Corporate – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027
Table 47: Rest of World Historic Review for E-Learning by
Segment – Academic and Corporate Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 48: Rest of World 15-Year Perspective for E-Learning by
Segment – Percentage Breakdown of Value Sales for Academic and
Corporate for the Years 2012, 2020 & 2027
IV. COMPETITION
Total Companies Profiled: 292
Read the full report: https://www.reportlinker.com/p03646043/?utm_source=GNW
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Artificial Intelligence
AI Supercomputing Market Growing at +21% CAGR as Industries Evolve Data Analysis
USA News Group News Commentary
VANCOUVER, BC, April 23, 2024 /PRNewswire/ — USA News Group News Commentary – Numerous industries are making the shift towards using Artificial Intelligence (AI) supercomputers in leveraging powerful computing systems to address complex challenges, and analyze massive datasets. According to analysts at Markets and Markets the AI supercomputer market is projected to grow at a CAGR of 22% through 2028 to a value of US$3.3 billion. This high level of growth is echoed by analysts at Technavio, who are projecting nearly 21% growth through 2027, however, they are seeing the overall supercomputer market much higher, growing by US$17.6 billion along the way. Several international groups are with massive investments in the billions to evolve their operations to include AI supercomputing, including in Denmark, the UK, Japan, the UAE and the USA. Powering this shift behind the scenes are several tech developers, who this week have been updating the market with their current developments, including: Avant Technologies Inc. (OTC: AVAI), NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), Microsoft Corporation (NASDAQ: MSFT) (NEO: MSFT), D-Wave Quantum Inc. (NYSE: QBTS), and Rigetti Computing, Inc. (NASDAQ: RGTI, RGITW).
The article continued: Moving forward, new regulations and safeguards are being put into place, as seen in the USA when the Biden Administration enacted an AI Executive Order to create new standards for AI safety and security. As well, the Council of the European Union filed a proposal for the regulation of harmonized rules on AI in the EU.
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions
Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in the development of advanced AI and data center infrastructure solutions, announced today that it’s introducing a state-of-the-art supercomputing network and comprehensive licensable dataset. Avant will be collaborating with its technology partner, Wired4Tech, to launch these pivotal developments, which are engineered to accelerate AI adoption and innovation across a broad spectrum of industries.
“Avant’s supercomputing network and our expansive licensable dataset will facilitate significant advancements in AI- driven solutions,” said Danny Rittman, Chief Information Officer of Avant of the launch. “By providing robust computational resources and a rich dataset, Avant is set to eliminate many of the technical and financial barriers that have traditionally hampered AI development. This initiative aims to empower developers with the tools necessary to create more sophisticated and efficient AI models, driving progress and innovation in innumerable fields.”
Highlights of Avant’s Offerings:
Versatile AI Dataset: Available from Q3, this dataset will be regularly updated to support a wide array of AI projects, providing a solid foundation for development, and reducing the time to market for AI solutions.Dynamic Resource Scaling: The network dynamically adjusts computing resources to meet real-time demands, maximizing efficiency and minimizing costs.Accelerated AI Processing: Utilizes cutting-edge distributed computing to dramatically reduce data processing times, enabling rapid iteration and deployment of AI models.Robust Security Measures: Top-tier security protocols are in place to ensure data integrity and compliance with stringent regulatory standards.Seamless Integration: Designed to integrate smoothly with existing AI development environments, minimizing disruptions and simplifying technology adoption.Avant is committed to advancing the AI landscape by providing scalable solutions that will benefit diverse sectors looking to harness the power of artificial intelligence.
CONTINUED… Read this and more news for Avant Technologies at: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
In other industry developments and happenings in the market this week include:
NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), a global leader in providing graphics and compute and networking solutions, recently received an investment of ~US$960 million from Japanese telecommunications company Softbank to enhance its supercomputing power and to support an ambitious generative AI (GenAI) strategy.
Generative AI is increasingly being incorporated into products and services across multiple sectors. A recent projection by Statista, a research firm based in Germany, predicts that the market for generative AI in Japan will expand to approximately $13 billion by 2030, representing a 17x increase from its size in 2023.
Microsoft Corporation (NASDAQ: MSFT) (NEO: MSFT), a global leader in developing and supporting software, services, devises and solutions recently announced it would be investing $1.5 billion into Abu Dhabi’s G42, the leading UAE-based AI tech holding company, to accelerate AI development and global expansion.
“Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organizations,” said H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42. “This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally.”
G42 will operate its AI applications and services on Microsoft Azure, collaborating to offer advanced AI solutions to global public sector clients and large enterprises. Together, G42 and Microsoft aim to enhance AI and digital infrastructure across the Middle East, Central Asia, and Africa. This collaboration will help these regions gain fair access to services that address key government and business issues, while upholding the highest standards of security and privacy.
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers recently announced the launch the first fast-anneal feature, available now on all of D-Wave’s quantum processing units (QPUs) in the LeapTM real-time quantum cloud service. The fast-anneal feature has been central to D-Wave’s key research achievements, as highlighted in publications in Nature Physics and Nature, showing how annealing quantum computing outperforms traditional algorithms in tackling complex optimization problems.
“Providing direct access to Fast Anneal, which has been at the heart of D-Wave’s recent advancements, represents a significant step forward in our mission to provide customers with the resources they need to drive innovation and achieve extraordinary results,” said Dr. Alan Baratz, CEO of D-Wave. “We believe it will further empower them to build industry-shaping applications with the most powerful quantum computing environment available today.”
With enhanced control allowing for notably quicker annealing times than before, this feature enables customers to replicate and expand upon D-Wave’s significant optimization results. Now widely available, this feature allows users to execute quantum computations at unprecedented speeds, significantly mitigating issues like thermal fluctuations and noise that typically disrupt quantum calculations.
Rigetti Computing, Inc. (NASDAQ: RGTI, RGITW), a pioneer in full-stack quantum-classical computing, recently announced the successful completion of its Innovate UK project with Oxford Instruments to launch one of the first UK-based quantum computers. The consortium also included the Quantum Software Lab at the University of Edinburgh, Phasecraft, and Standard Chartered Bank, with financial backing from the UK government’s Quantum Technologies Challenge, led by UK Research & Innovation (UKRI).
“Completing this project, with the end result being a useful 32-qubit quantum computer, is an exceptional achievement for all of the project partners,” said Dr. Subodh Kulkarni, CEO of Rigetti. “It takes a world-class team to build and deploy a quantum computer. The UK has become a world leader in quantum computing technologies, and we are excited to continue to contribute to its quantum computing capabilities. Additionally, Rigetti plans to leverage this experience to continue to develop our UK quantum computing leadership as we embark on deploying a 24-qubit Ankaa-class quantum computer at the NQCC’s Harwell campus.”
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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Artificial Intelligence
Artificial Intelligence Investment Soars to Trillions, Sparking Regulatory Interest
USA News Group Commentary
VANCOUVER, BC, April 23, 2024 /PRNewswire/ — USA News Group – In just a few years, the potential generated by the rise of Artificial Intelligence (AI) continues to entice investment to the tune of many trillions, with McKinsey & Company projecting generative AI to generate up to $7.9 trillion alone annually. It’s a sector that’s still in its early stages, and with that comes plenty of scrutiny, including the recent actions by US regulators regarding whether or not investors of OpenAI were misled, through an SEC inquiry launched in February. All the while, corporate AI investment is surging, with several companies benefitting including NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Meta Platforms Inc. (NASDAQ:META) (NEO:META), Apple Inc. (NASDAQ:AAPL) (NEO:AAPL), C3.ai, Inc. (NYSE:AI), and Avant Technologies Inc. (OTC:AVAI).
Looking to help unlock the full potential of AI, Avant Technologies Inc. (OTC:AVAI) is pursuing its stated mission to build the nation’s first supercomputing network to provide big data and AI software companies with a faster, more powerful, and more cost-effective compute infrastructure. Recently Avant signed a co-development agreement with Wired4Tech, Inc. to create high-density compute infrastructure and supercomputer network software to move the company closer to achieving this mission.
“The technological innovations that we expect this collaboration to yield will help to usher in a new era of performance, cost efficiency and environmental sustainability for AI and Big Data,” said Timothy Lantz, CEO of Avant. “We have made exciting progress in the past several months, and we believe this partnership will further help to accelerate speed-to-market of our next generation solutions.”
The Wired4Tech collaboration aims to assist in the final stages of development and testing for Avant’s new high-density private cloud infrastructure solution. Additionally, it will start to establish the groundwork for Avant’s proposed AI supercomputing network. Avant expects to launch its next-generation infrastructure solution sometime in the first half of 2024.
“We’re at an inflection point where accelerated computing and generative AI have come together to speed innovation at an unprecedented pace,” said Paul Averill, Founder and CEO of Wired4Tech. “Our partnership with Avant Technologies will help AI companies accelerate their work with infrastructure, software and services that drive efficiency and reduce costs. There is no AI without the right infrastructure and Avant will lead the way with its unique and innovative and cost-effective AI platform.”
The collaboration was a follow-up to Avant’s announcement that the company is set to leverage its proprietary AI to drive proactive, next-generation data center security, through its enhancements to Avant! AI™, that seamlessly integrates with industry-standard data science tools and algorithms, enabling organizations to harness the power of data for deeper insights and informed decision-making.
“The rapid advancements in AI are unlocking tremendous opportunities and potential across almost every facet of our lives, but those same advancements can also pose an increased threat when used by those with an intent to harm,” said Lantz. “In today’s digital world cybersecurity is of paramount importance and Avant is committed to providing our customers with the necessary tools to ensure the safety and security of their information and that of their end-users.”
The planned improvements in Avant’s proprietary gen AI are designed to achieve two main goals: to provide early detection of potential security vulnerabilities and to offer recommendations for proactive measures to strengthen cybersecurity baselines, reduce risks, and ensure compliance in the ever-changing digital environment.
Under the hood of many of the biggest AI setups today are products from NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), which has seen its market cap surge to more than $2 trillion based upon an insatiable AI chip demand. This includes mega investments from some of the largest tech companies on the planet, including Meta Platforms Inc. (NASDAQ:META) (NEO:META) which is spending billions of dollars on Nvidia’s AI chips.
Shared through an Instagram Reels post by CEO Mark Zuckerberg, Meta’s “future roadmap” for AI requires the construction of “an absolutely massive amount of infrastructure.” By the end of 2024, Zuckerberg mentioned that this infrastructure will comprise 350,000 H100 graphics cards from Nvidia—which were being sold for more than $40,000 on eBay as recently as last April.
The ramp up of GPUs for Meta is projected to cost as much as $18 billion by the end of 2024. The ambitious loading up of infrastructure is similar to Meta’s $13 billion spent on Reality Labs, its metaverse division in 2022.
Competition for computing power will be ramping up, as Apple Inc. (NASDAQ:AAPL) (NEO:AAPL) has signalled the company will be investing significantly in generative AI, as it moves away from its self-driving electric car project. So far, Apple CEO Tim Cook hasn’t launched any competing products to models like OpenAI’s GPT or Google’s Gemini, but he has already teased a major announcement that the company will “break new ground” in GenAI coming later this year.
“AI is woven into our users’ lives for all sorts of tasks, from the everyday to the essential,” said Tim Cook. “AI allows Apple Watch to help you track your workouts, automatically detecting whether you’re taking a walk or going for a swim. It enables your iPhone to call for help if you’re in a car accident.”
While Cook’s sentiments hint towards Apple moving more towards AI investment, the company’s investors have grown impatient with the tech giant after lagging behind its mega-tech peers who have shared much clearer AI strategies.
Enterprise AI application software company C3.ai, Inc. (NYSE:AI) is coming off of a healthy Q3 2024 financial results announcement, where they saw total revenue grow 18% year-over-year to $78.4 million, exceeding their guidance range. Perhaps more importantly, C3 AI saw its customer engagement grow 80% year-over-year, and a 23% increase in subscription revenue.
“Generative AI use cases continue to influence customer engagement, with 17 of 29 total pilots signed in the quarter driven by generative AI,” said Kingsley Crane, analyst at Canaccord Genuity, about C3 AI in a report. “So far, the company has been converting pilots into full-time customers roughly near the assumed spend levels of $210,000 per quarter, even if some pilots have pushed a bit beyond the initially planned six months and started a bit lower than $500,000 contribution over two quarters. If C3 can continue the sequential growth in product revenue we’ve seen over the past three quarters, the firm is on track to grow over 30%.”
Among the customer base that C3 AI has been working with is biotech giant Genentech, to improve the complex biologics manufacturing process with AI. Genentech began using the AI application in 2021 to ensure centrifuges in their facility remained operational, with patients benefitting by receiving their medicines on time. In 2022, the biotech developer would go on to expand its use of C3’s assets beyond centrifuges, to around 200 pieces of equipment in total. Now Genentech has nearly 200 users including data scientists and facility managers who are trained to use the C3 AI platform, and regularly use the AI application to evaluate equipment health and maintain manufacturing operations.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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Artificial Intelligence
SCHNEIDER ELECTRIC, LEADER IN THE DIGITAL TRANSFORMATION OF ENERGY, ANNOUNCED AS FOUNDING PARTNER OF 3RD PLATFORM GLOBAL 2024
Keynote by Ms Gwénaelle Avice Huet, Executive Vice President of Europe Operations – and Member of the Executive Committee at Schneider Electric
LONDON, ANTIBES, France and GRENOBLE, France, April 23, 2024 /PRNewswire/ — Platform Global, the region’s foremost networking and business deal making forum for datacenter and digital infrastructure players and investors is delighted to again announce Schneider Electric, the leader in the digital transformation of energy management and automation as Founding Partner of the event.
It is also announced that Ms Gwénaelle Avice Huet, Executive Vice President of Europe Operations – and Member of the Executive Committee at Schneider Electric will keynote at the event.
Platform Global is the annual transactional marketplace for investors in datacenters and digital infrastructure and a premium C level international meeting. Its curated content remains the strongest and foremost among events in Europe and the MEA region.
Hosted at the Palais des Congrès Antibes 10-12 September, the event will generate influential content through the discussion and ideas of more than 100 experts and top thought leaders and offer effective high-end networking in a year of transition, shifting the industry from cloud into the AI era.
“AI, sustainable energy transformation and ESG will be top of the agenda in 2024. The opportunity to bring Schneider Electric’s impressive market understanding across these key drivers to an influential audience amplifies our global role in these important debates,” commented Vincent Barro, Vice-President Datacenter & Secure Power and Board Member DACH, Schneider Electric.
Schneider Electric was also recently included in the Dow Jones Sustainability World Index for the 13th consecutive year. With an ESG score of 88 out of 100 awarded by rating company S&P Global in their 2023 Corporate Sustainability Assessment, Schneider Electric ranked #1 in its industry and secured its place in the Europe index (score date: October 27, 2023).
Platform in Antibes attracts C level executives (55% in 2023) investment principals (30%) and the leadership of colo and hyperscale businesses (19%) primarily from the EMEA region who form the majority of delegates and supports its reputation for value with remarkable high-end networking.
“We are delighted once again to include Schneider Electric as our Founding Partner,” commented Gregory Gerot, Managing Director, Platform Markets Group. “This year’s programme focuses on the sustained investment in digital infrastructure, land, power and decarbonization in the year ahead.”
Media contact: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/schneider-electric-leader-in-the-digital-transformation-of-energy-announced-as-founding-partner-of-3rd-platform-global-2024-302124942.html
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