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Artificial Intelligence As A Service (AIaaS): Empowering Businesses With Smarter Solutions – By The Business Research Company

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The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
LONDON, July 27, 2023 /PRNewswire/ — Artificial Intelligence (AI) has rapidly emerged as a transformative force across industries, revolutionizing the way businesses operate and make decisions. However, building and maintaining an in-house AI infrastructure can be prohibitively expensive and time-consuming, hindering many smaller businesses from leveraging its potential. Enter Artificial Intelligence as a Service (AIaaS) – a game-changing solution that empowers businesses to harness AI capabilities without the heavy financial burden of creating an in-house AI infrastructure.
Understanding AI as a Service
AIaaS refers to the availability of commercially viable AI solutions that allow businesses to deploy AI methods and technologies at a fraction of the cost associated with developing and maintaining an in-house AI ecosystem. With AIaaS, both individuals and organizations can experiment and explore AI applications for a variety of purposes, even with limited initial investment and reduced risk. This democratization of AI has enabled businesses of all sizes to access and leverage cutting-edge AI technologies without being restricted by budgetary constraints.
Learn More On The AI As A Service Market Report –
https://www.thebusinessresearchcompany.com/report/ai-as-a-service-global-market-report 
Market Growth and Projections
The global AI as a service market has witnessed tremendous growth and is projected to continue its expansion. In 2022, the market size was valued at $6.84 billion, and it is estimated to reach $9.86 billion in 2023, representing an impressive compound annual growth rate (CAGR) of 44.28%. Furthermore, the AIaaS market is expected to reach a staggering $43.28 billion by 2027, with a CAGR of 44.73%. These remarkable figures highlight the increasing demand for AI services and the growing realization of their potential across various industries.
Key Drivers of AIaaS Market Growth
1.  Increasing Spending on Artificial Intelligence:
As AI continues to demonstrate its transformative capabilities, businesses worldwide are recognizing its potential for enhancing productivity, driving innovation, and gaining a competitive edge. Consequently, there has been a significant surge in investment in AI-related technologies and solutions. The escalating spending on artificial intelligence is a key driver propelling the growth of the AIaaS market.
2.  Lower Initial Investment and Risk:
Traditional in-house AI development requires substantial capital investments, specialized talent acquisition, and ongoing maintenance costs. AIaaS, on the other hand, offers an alternative approach that allows businesses to explore AI’s potential without making heavy upfront investments. By minimizing initial commitment and risk, AIaaS encourages experimentation and innovation.
Request A Free Sample Of The AI As A Service Market Report –
https://www.thebusinessresearchcompany.com/sample.aspx?id=10637&type=smp 
Technological Advancements in AI as a Service
The AIaaS market is characterized by a dynamic landscape driven by continuous technological advancements. To stay competitive and relevant, companies operating in this space are consistently adopting and integrating new technologies. These advancements lead to improved AI capabilities, enhanced performance, and more efficient services, enabling businesses to derive greater value from their AI investments.
Artificial Intelligence as a Service (AIaaS) has emerged as a transformative solution that allows businesses to harness the potential of AI without the burden of establishing an in-house infrastructure. As the global AIaaS market continues to grow at an impressive pace, driven by increased spending on AI and continuous technological advancements, businesses are now better equipped to explore AI for diverse applications. By making AI accessible to a broader audience, AIaaS is paving the way for a smarter, more innovative, and prosperous future for businesses worldwide. As this industry continues to evolve, organizations must stay abreast of the latest AIaaS developments to remain competitive in an increasingly AI-driven world.
View More Similar Market Reports:
Artificial Intelligence Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-services-global-market-report 
Artificial Intelligence Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-global-market-report 
Artificial Intelligence (AI) In Drug Discovery Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-drug-discovery-global-market-report 
Interested to know more about The Business Research Company?
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
The World’s Most Comprehensive Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.
Contact Information The Business Research CompanyEurope: +44 207 1930 708Asia: +91 8897263534Americas: +1 315 623 0293Email: [email protected] Us On:LinkedIn: https://in.linkedin.com/company/the-business-research-companyTwitter: https://twitter.com/tbrc_infoFacebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model 
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Artificial Intelligence

CUJO AI Hits 3 Billion Devices, With EE Also Revealed As Latest Client

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CUJO AI is the first device intelligence and cybersecurity service provider to reach an unprecedented scale within carrier production networks.
LOS ANGELES, May 22, 2024 /PRNewswire/ — CUJO AI, the global leader in AI-driven cybersecurity and device intelligence, has reached an unprecedented scale, with over 3 billion devices identified and protected by its solutions worldwide. This significant milestone coincides with the confirmation of its collaboration with EE, one of the United Kingdom’s leading telecommunications providers.

With billions of devices connecting to the internet, the role of CUJO AI in shaping the future of digital security through device intelligence has never been more critical. By leveraging advanced AI and machine learning algorithms, CUJO AI offers network operators and service providers unparalleled insights into device behaviour, security needs, and operational health. These capabilities enable network service providers to optimize network management, enhance user experiences, and provide robust security measures that proactively protect against emerging threats.
“Crossing the 3 billion device threshold is not just a testament to our technological prowess, but also to the trust we have built with leading telecom giants around the world, including our latest engagement with EE,” said Remko Vos, CEO of CUJO AI. “This relationship reflects our shared vision to provide a secure and superior digital experience by leveraging our AI-driven solutions to protect users worldwide.”
CUJO AI has been working with EE to provide integrated cybersecurity solutions for its latest range of home routers launched last year, including support for the newly launched Smart Hub Plus.
Trusted by global telecommunications giants like Comcast, Charter Communications, TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron, EE CUJO AI provides actionable, real-time data insights. This translates into superior network management, heightened security, and unmatched customer satisfaction.
About CUJO AI
CUJO AI enhances the ability to understand, serve, and protect their customers with advanced cybersecurity, along with granular network and device intelligence for network service providers. Covering 3 billion connected devices, CUJO AI’s advanced AI algorithms assist clients in uncovering previously unavailable insights, thereby elevating customer experience and retention through new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI’s services are trusted by the largest broadband operators worldwide, including Comcast, Charter Communications, BT (EE), TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron. More information is available at https://cujo.com.
CONTACT: Viktorija Vilke, [email protected]
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Artificial Intelligence

EDGNEX Data Centres by DAMAC Announces a 15 MW Data Center Investment in Indonesia

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JAKARTA, Indonesia, May 22, 2024 /PRNewswire/ — EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its investment into the Indonesian market with a state-of-the-art data center to be built in Jakarta. This announcement was made at the Indonesia Cloud & Datacenter Convention 2024 on May 16, 2024. The first phase of the construction is scheduled to be completed in the fourth quarter of 2025, marking a significant step in the company’s strategic efforts to support the dynamic digital economy and startup ecosystem in Southeast Asia’s fastest-growing country.[1]

Indonesia, as the largest economy in Southeast Asia, experienced a growth rate of 5% year-on-year from January to March 2023. Currently, Jakarta is preparing to increase its data center capacity to 1GW. To support this growth, more colocation data centers adhering to sustainable Tier III standards and offering high uptime and reliability are needed to meet the rising demand for internet usage in the region.[2]
In response to these needs, EDGNEX is providing a foundation for innovation and disrupting the data center market by delivering advanced technology to meet the increasing demand from Cloud Service Providers (CSP) and AI deployments.[3]
Hussain Sajwani, Founder and Chairman of the DAMAC Group, commented, “EDGNEX identifies and invests in present and next-generation digital hubs. The government’s robust digitalisation efforts, high internet penetration and a tech-savvy, youthful demographic, necessitate advanced infrastructure to support the burgeoning digital economy. With this announcement we are pleased to support the government’s efforts and to bring our expertise in setting new standards for data centres in Southeast Asia, catalysing further technological innovation and growth across the region.”
The new data center is strategically located in MT Haryono, Jakarta, just 3 kilometers from one of the most interconnected data center clusters – the most important internet exchange point in central Jakarta. This facility will have dual road access and excellent fiber optic connectivity, ensuring enhanced service reliability and superior performance to meet the evolving demands of customers.
Danish Nayar, SVP of Investments and Acquisitions, DAMAC Capital, added: “We are excited by the growth opportunities in Jakarta. Our new facility in downtown Jakarta will address the growing demand for Cloud Service Providers, Edge Nodes, and potential Artificial Intelligence deployments. We are also investing in a similar format across SEA and globally.”
[1]Data Center Trends Report Equinix 2023[2] Data Center Trends Report Equinix 2023 [3] Equinix: Southeast Asian Markets are Emerging as a Powerhouse for Digital Growth
About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services. 
Where We Go, Others Follow. www.edgnex.com
For media inquiries, please contact:Image DynamicsNajla [email protected]+62813-2090-9717Angelina [email protected]+62812-9942-7117
 
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VisionFlow Launches Talkit: Revolutionizing language learning with a westworld-like immersive 3D world

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PARIS, May 22, 2024 /PRNewswire/ — VisionFlow, an innovative AI-native startup, announces the launch of Talkit in France, a 3D world app powered by generative AI that revolutionizes spoken English learning with a personalized, engaging, and immersive experience.

From May 22 to 25, VisionFlow will showcase Talkit at VivaTechnology, demonstrating its capabilities on both smartphones and the Apple Vision Pro headset for an enhanced immersive experience. Following its initial launch, Talkit will also be available on Google Play and Apple Vision Pro in June.
Talkit differentiates itself from traditional teaching methods by offering an exceptionally adaptive approach to language learning. Users are immersed in a virtual world where they can improve their spoken English skills through real-time, tailored scenarios. With customizable avatars, users can choose from various learning themes, such as preparing for travel, practicing for interviews, and even simulating medical emergencies, all accessible from their smartphones anytime, anywhere.
VisionFlow leverages generative AI technologies to power the engaging learning experience in Talkit. It is a scenario creation loop that personalizes content, difficulty levels, and interactive experiences. This dynamic, seamless, and exclusive generation process adjusts learning points to each user’s language proficiency.
By analyzing users’ input and progress, Talkit breaks down learning goals and needs into multiple personalized scenarios and exercises, helping them truly improve their language expression and communication skills.
As users continue to interact with avatars, their conversations are continuously memorized, enabling Talkit to better understand each user over time, thereby fostering a strong sense of connection with the virtual characters.
About VisionFlow
Founded by Leo Liu in 2023, VisionFlow aims to create a 3D world for 2 billion language learners worldwide, delivering a personalized and immersive language learning experience. Leo Liu is a renowned AI educational technology entrepreneur, founder of the unicorn Knowbox, and the driving force behind the Homework Box AI learning app, which is used by over 100,000 schools and 100 million students to improve their grades. VisionFlow’s core team consists of experts from leading internet giants and top online education companies, bringing extensive expertise in AI products and technology, global growth strategies, and data-driven operations.
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