Artificial Intelligence (AI) and its potential to generate immense wealth is a topic that has been gaining significant attention. According to Matt Higgins, the CEO of RSE Ventures, AI has the power to break down barriers that have traditionally hindered individuals from achieving economic success. It doesn’t discriminate based on background, wealth, or education. Despite its limitations in providing investment advice, AI holds tremendous potential in the overall market. In fact, it is estimated that the AI market, currently valued at $100 billion, could contribute a staggering $15.7 trillion to the global economy in the next decade. This presents a massive opportunity for companies such as VERSES AI Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Advanced Micro Devices (NASDAQ: AMD).
VERSES AI Inc., a cognitive computing company specializing in the next generation of artificial intelligence, recently won a research and innovation grant of €418,000 from the EU Commission for their Horizon Europe project called dAIEDGE. This project aims to create a network of excellence centers for distributed AI solutions at the edge. Edge AI combines AI with edge computing, enabling devices to make rapid decisions by processing data directly at the point of origin. This eliminates the need for insecure connections, reduces latency, and minimizes energy consumption and costs associated with data transmission.
The dAIEDGE project has the potential to revolutionize various sectors, including autonomous driving, personalized digital assistance, and intelligent service robots. By developing and adopting distributed Edge AI technologies, the project aims to support rapid market adoption while ensuring security and trustworthiness. The applications of dAIEDGE are expected to have a significant impact on fields such as the Internet of Things (IoT), intelligent transportation systems, robotics, and healthcare.
VERSES Global B.V., part of a European consortium of experts in AI, embedded computing, microprocessors, and distributed hardware and software, will contribute to the dAIEDGE project. The company will provide leadership and expertise in defining AI lighthouse strategies, Edge AI application requirements, and trends across various domains and industries. VERSES Global B.V. will also develop the Hyperspace Modelling Language (HSML) contextual model and the Hyperspace Transaction Protocol (HSTP) communication protocol.
C3.AI Inc. recently announced that C3 Generative AI is now available on the AWS Marketplace, making it easier for customers to access the combined expertise of C3 AI and AWS in Generative AI. This partnership aims to provide users with a natural language search interface to enable quick and easy access to enterprise data and AI insights. The integration of C3 Generative AI with AWS empowers organizations to leverage AI and generate high-quality commercial content efficiently and at scale.
Nvidia and WPP are collaborating on a content engine that utilizes NVIDIA Omniverse™ and AI to facilitate the production of high-quality commercial content. By connecting various tools, including those from Adobe and Getty Images, the engine enables creative teams to integrate 3D content creation with generative AI. This empowers WPP’s clients to deliver personalized and engaging content while maintaining the integrity of their brand identity, products, and logos.
Microsoft has announced a quarterly dividend of $0.68 per share, payable on September 14, 2023, to shareholders of record on August 17, 2023. This reaffirms Microsoft’s commitment to generating value for its shareholders.
Advanced Micro Devices (AMD) has expanded its 4th Gen EPYC™ CPU portfolio by introducing two new workload-optimized processors. These processors, powered by the new “Zen 4c” core architecture, further enhance the thread density and scalability of the EPYC 9004 series. Additionally, AMD has unveiled the 4th Gen AMD EPYC processors with AMD 3D V-Cache™ technology, designed for demanding technical computing workloads.
In conclusion, AI presents a tremendous opportunity for wealth creation and economic growth. Companies like VERSES AI Inc., C3.AI Inc., Nvidia, Microsoft, and Advanced Micro Devices are at the forefront of this revolution, driving innovation and developing cutting-edge AI solutions. The recent developments in the AI market indicate the significant strides being made in this field, heralding a future where AI and its applications play a crucial role in shaping various industries.
Editor Notes:
Artificial intelligence continues to revolutionize industries, and the recent developments in the AI market are a testament to its immense potential. Companies like VERSES AI Inc., C3.AI Inc., Nvidia, Microsoft, and Advanced Micro Devices are leading the charge in driving innovation and pushing the boundaries of what AI can achieve. The dAIEDGE project, spearheaded by VERSES AI Inc., is poised to have a transformative impact on the development and adoption of distributed Edge AI solutions in Europe. With the support of the European Union and collaboration among industry leaders, academia, and SMEs, this project has the potential to drive sustainable growth and pave the way for a future where digital advancements and environmental consciousness go hand in hand.
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Opinion piece: The advancements in artificial intelligence are truly remarkable. It’s astounding to witness how AI technologies are being leveraged to improve various aspects of our lives, from personalized digital assistance to autonomous driving. The massive market potential of AI is attracting major players like VERSES AI Inc., C3.AI Inc., Nvidia, Microsoft, and Advanced Micro Devices. Their groundbreaking innovations are pushing the boundaries of what AI can achieve and unlocking new opportunities for businesses and individuals alike. As we move forward, it’s crucial to embrace and harness the power of AI responsibly, ensuring that advancements are aligned with ethical considerations and contribute to a sustainable future.
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