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Artificial Intelligence

Automotive Artificial Intelligence (AI) Market Revenue to Surpass US$ 53,118 Mn By 2030 – Exclusive Report By Acumen Research And Consulting

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TOKYO, May 05, 2022 (GLOBE NEWSWIRE) — The global automotive artificial intelligence market size is estimated to grow a CAGR above 39.6% over the forecast timeframe and reach a market value of around USD 53,118 million by 2030.

Our projections suggest that autonomous vehicles will be sufficiently reliable, economical, and common by 2030 to supplant most human driving, resulting in significant cost savings and advantages. Communication, intelligent transportation systems (ITS), and computational systems advancements have recently opened up new prospects for intelligent traffic safety, comfort, and efficiency solutions. In various fields of scientific study, artificial intelligence (AI) has been widely applied to improve traditional data-driven methodologies. The vehicle-to-everything (V2X) technology, when combined with AI, may gather data from a variety of sources, broaden the driver’s perception, and forecast probable accidents, improving driving comfort, safety, and efficiency.

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Global Automotive Artificial Intelligence Market Growth Aspects

The increased adoption of autonomous vehicles, rising government initiatives for vehicle and road safety, and ongoing investments in the automotive AI industry are some of the leading factors that are fueling the global automotive artificial intelligence market. The AI industry has flourished in the automotive industry due to its driver assist systems such as ADAS. This system is designed to avoid crash by using technologies to alert drivers to possible hazards or take over control of the vehicle to avoid such mishaps.

On the other hand, the integration of such high-tech technologies increases the cost of the vehicle. Thus, low and medium-income people are unable to purchase premium vehicles that are loaded with these systems. Furthermore, the increasing consciousness among consumers about the safety and surging demand for driver convenience and improving access to mobility are other factors that are contributing to the global automotive artificial intelligence market.

The automobile industry is quickly becoming a key source of artificial intelligence and machine learning. Artificial intelligence will have a huge impact on the automotive sector in the future decade. Faced with long-term existential risks such as sustainability, overcapacity, and the prospect of lower volume as a result of the shared mobility dilemma, automotive companies must tap into AI’s potential. The biggest promise is found in the vast amounts of data that car suppliers and manufacturers collect but do not adequately utilize.

As the quantity and scope of autonomous, software-defined, and networked vehicle operations grow, data volume will only increase. Data science and machine learning (ML) are designed to quickly assimilate vast amounts of data, decipher what it means, and apply the findings as soon as possible.

Market Segmentation

The global automotive artificial intelligence market has been segmented based on offering, process, technology, and application. Based on the offering, the market is divided into software and hardware. Among them, the hardware segment achieved a significant market share while the software segment is expected to gain a substantial growth rate in the coming years. Based on the process, the market is split into image recognition, signal recognition, voice recognition, and data mining. Out of these, the data mining segment is expected to grow with the fastest CAGR throughout the forecast period 2022 – 2030.

By technology, the market is categorized into computer vision, context awareness, deep learning, machine learning, and natural language processing. Based on them, deep learning technology is one of the leading segments that are used in the automotive artificial intelligence market.

Furthermore, autonomous driving, semi-autonomous driving, and human-machine interface are the splits of the application segment. Among them, the human-machine interface segment gathered a significant amount of share in 2021.

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Regional Overview

North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the regional classification of the global automotive artificial intelligence market. The Asia-Pacific automotive artificial intelligence market is anticipated to grow at the fastest rate during the forecast period 2022 – 2030. The high growth in the region is credited to the increased sales of premium passenger vehicles, rising disposable income, and increased positive perception of AI among consumers. Moreover, the North America region contributed the largest market share in the global market due to the surge in adoption of autonomous and electric vehicles in the US and the presence of many AI and self-driving car companies in the region. Then again, the Europe region stood for the second-largest position due to the presence of stringent government regulations and tremendous sales of electric vehicles due to these strict regulations in the region.

Interconnected Reports Automotive, Transportation and Logistics Market

The global Artificial Intelligence (AI) in Aviation market accounted for US$ 321.4 Mn in 2020 with a considerable CAGR of 47.3% during the forecast period of 2021 to 2028.

The global industry 4.0 market is anticipated to reach market size of around US$ 160 Bn by 2027 and is anticipated to grow at a CAGR of around 16% in terms of revenue during the forecast period 2020 – 2027.

The global artificial intelligence in transportation market is anticipated to reach market size of around US$ 5,000 Mn by 2027 and is anticipated to grow at a CAGR of around 15% in terms of revenue during the forecast period 2020 – 2027.

The global artificial intelligence market is expected to reach the market value of around US$ 160 Bn by 2026 and is anticipated to grow at a CAGR of around 49% in terms of revenue during the estimated period 2019 – 2026.

Major Players

Some key players covered globally in the automotive artificial intelligence industry are Appian, Alphabet Inc. (Waymo), BMW, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Micron Technology, Inc, Nvidia Corporation, Uber Technologies Inc. (OTTO Motors), Tesla, Inc, and Toyota Motor Corporation.

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About Acumen:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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