Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Artificial Intelligence (AI) in Military Market by Technology, Growth & Application [2028]

Published

on

Chicago, July 19, 2023 (GLOBE NEWSWIRE) — The Artificial Intelligence (AI) in Military Market by Offering (Software, Hardware, Services), Technology (Machine Learning, Natural Language Processing), Platform (Airborne, Land, Space), Application, Installation Type, Geography – Global Growth Driver and Industry Forecast to 2028“. The market growth can be attributed to the improved adoption of intelligent unmanned vehicles and increasing threats of cyber-attacks. Artificial Intelligence (AI) in Military Companies – Lockheed Martin Corporation (US) and Raytheon Technologies Corporation (US) are the Key Players.

Ai In Military Market Ecosystem

Prominent companies in this market include well-established, financially stable providers of AI solution for military purpose. Major players operating in the AI in military market include Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems plc (US), and Thales Group (France).

Ask for PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41793495

AI in Military Market Dynamics:

Drivers: Increase Investments in Development of AI-Enabled Solution to Strengthen Military Capabilities

The development of autonomous military systems drives the adoption of AI in the military market. The modern AI-enabled system helps to enhance the efficiency of military systems and strengthen their capabilities in Warfield. Therefore, the defense forces of leading countries have increased their defense spending to boost the deployment of AI on military platforms. According to a report by Stockholm International Peace Research Institute (SIPRI) in April 2023, the US, Russia, China, India, and Saudi Arabia collectively accounted for 63% of defense expenditure in 2022. Global military spending grew by 3.7% in 2022 and reached UD$ 2,240.0 billion. 

INQUIRY BEFORE BUYING : https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=41793495

Artificial Intelligence (AI) in Military Market Scope

Report Metric Details
Estimated Market Size USD 9.2 billion
Projected Market Size USD 38.8 billion
Growth Rate CAGR of 33.3%
Market size available for years 2020–2028
Base year considered 2022
Forecast period 2023-2028
Forecast units Value (USD billion)
Segments covered Offering, Application, Technology, Platform, Installation Type, and Region
Geographies covered North America, Europe, Asia Pacific, Latin America, and Rest of the World
Companies covered Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems plc (US), and Thales Group (France). L3Harris Technologies Inc. (US), and Rheinmetall AG (Germany)

Restraints: Lack of Protocols and Standards for Use of AI in Military Applications

The development, management, and successful implementation of AI systems require certain protocols. Presently, since only a few countries are using AI in the military arena, there are very few standards and protocols for their use.

As most AI capabilities are being developed by private companies, there is a lack of co-operation between governments and companies in developing these technologies. This is because companies are reluctant to share their intellectual property with the government, as there are no standard regulations. They also face complexities in defense acquisition processes and the lengthy and complicated legal framework involved, and thus, many companies have refused to do business with the US Department of Defense (DoD). Such factors indicate the lack of proper standards and protocol for the use of AI in military applications, which poses a restraint to market growth.

Opportunities: Incorporation of Quantum Computing in AI

A quantum computer works on phenomena such as “superposition” and “entanglement.” Through these computational advantages, a quantum computer can outperform any modern classical computer. For instance, Google recently reported that it developed a quantum processor, “Sycamore,” that has demonstrated the ability to solve a complex mathematical problem in 200 seconds, while the same results will only be obtained in 10,000 years using the most advanced supercomputer available today.

“Browse in-depth TOC on “Artificial Intelligence (AI) in Military Market Trends, Growth Drivers“­­­­­­­­

281 – Tables
58 – Figures

296 – Pages

REQUEST FOR CUSTOMIZATION : https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=41793495

Artificial Intelligence (AI) in Military Companies

Lockheed Martin Corporation

Lockheed Martin Technologies is a leading player in the AI in military market. It manufactures a variety of equipment and solutions for this sector. The Advanced Development Programs (ADP) organization, also known as Skunk Works, is a subsidiary of Lockheed Martin, which focuses on developing artificial intelligence solutions to speed up decisions in various fields, allowing the user to focus more on strategic tasks. For decades, Lockheed Martin has been developing trusted AI technologies to help humans maximize safety, performance, and situational awareness across land, sea, air, space, cyber, and electromagnetic spectrum domains.

Raytheon Technologies Corporation

Raytheon Technologies Corporation is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. Raytheon applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities to help warfighters make decisions faster with a reduced workload. The merger of Raytheon Company and United Technologies Corporation will create more opportunities for both companies.

Related Reports:

[337 Pages Report] The electronic warfare market size is projected to grow from USD 18.5 billion in 2022 to USD 23.2 billion by 2027, at a CAGR of 4.7% from 2022 to 2027.
https://www.marketsandmarkets.com/Market-Reports/electronic-warfare-market-1301.html

[284 Pages Report] The Military Embedded Systems Market was valued at $1,600 Million in 2022 and is estimated to grow from $1,700 Million in 2023 to $2,500 Million by 2027 at a CAGR (Compound Annual Growth Rate) of 9.6%.
https://www.marketsandmarkets.com/Market-Reports/military-embedded-system-market-112996974.html


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities

Published

on

jupiterone-and-watchtowr-announce-partnership-to-protect-business-critical-assets-with-broad-exposure-management-capabilities

SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).

Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr: 
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
Photo – https://mma.prnewswire.com/media/2401497/watchTowr_JupiterOne.jpg

View original content:https://www.prnewswire.co.uk/news-releases/jupiterone-and-watchtowr-announce-partnership-to-protect-business-critical-assets-with-broad-exposure-management-capabilities-302132392.html

Continue Reading

Artificial Intelligence

Clarivate Declares Dividend on Mandatory Convertible Preferred Shares

Published

on

clarivate-declares-dividend-on-mandatory-convertible-preferred-shares

LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.

On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
Logo – https://mma.prnewswire.com/media/1159266/Clarivate_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/clarivate-declares-dividend-on-mandatory-convertible-preferred-shares-302133633.html

Continue Reading

Artificial Intelligence

CGTN: 3rd CMG Forum in Beijing discusses AI development

Published

on

cgtn:-3rd-cmg-forum-in-beijing-discusses-ai-development

BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

View original content:https://www.prnewswire.co.uk/news-releases/cgtn-3rd-cmg-forum-in-beijing-discusses-ai-development-302133410.html

Continue Reading

Trending