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AI Eye Podcast Episode 433: AWS Selected by Arçelik and Baidu Unveils Latest DuerOS Conversational AI System

Point Roberts, WA and Vancouver, BC - September 16, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Podcast Episode 433: AWS (NasdaqGS: $AMZN) Selected by Arçelik and Baidu (NasdaqGS: $BIDU) Unveils Latest DuerOS Conversational AI System

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:AMZN) (OTC:ACKAY) (NasdaqGS:BIDU)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by multinational appliance manufacturing giant Arcelik (OTC:ACKAY) as "its preferred cloud provider for machine learning and analytics across its entire operations." Utku Barış Pazar, Arcelik's Chief Strategy and Digital Officer, explained:

"AWS is a strategic resource in Arcelik's digital transformation and global growth, by keeping us agile and solidifying our position as an industry pioneer through the use of advanced analytics, IoT, and machine learning services. We greatly benefit from the insights delivered from AWS's vast portfolio of services to guide our business decisions, innovate quickly, and remain responsive to our customers' needs. As the uncertainty of the past few months makes clear, it is critical to have an integrated view of our global operations in order to adapt effectively to change. AWS is helping us navigate our business through this unprecedented time and to keep our commitments to our customers."

Baidu, Inc. (NasdaqGS:BIDU) unveiled the latest version of its conversational artificial intelligence (AI) system, DuerOS 6.0, at the Baidu World 2020 event in Beijing yesterday. Some of the breakthroughs showcased for DuerOS include applications associated with smart living, including smart hotels and Xiaodu smart displays to assist elderly living. An excerpt reads:

Xiaodu provides elderly demographics with ubiquitous smart services that can be immensely helpful to their lives, such as for entertainment purposes, weather reporting, health consultations and more.

The company also launched its first portable consumer electronics product, the smart earbuds XiaoduPods, which "contain dual microphones that are supported by [an] AI algorithm to offer accurate voice pickup, filtering out excess noise from the user's surroundings in the process."

Global Smart Cities Market to Reach $390.13 Billion by 2027

A report published by Data Bridge Market Research finds that the global Smart Cities market will reach $390.13 billion by 2027 with a growth rate of 21.18 percent in the forecast period 2020-2027. An excerpt from the report description outlines potential drivers and restraints to the market:

[An} increasing need of advanced network infrastructure, public safety, [the] adoption of smart and connected technology, rising usages of energy during peak hours, [and the] rising initiatives of government[s] for the adoption of Ppp [Public-Private-Partnerships] model for smart cities, will likely enhance the growth of the smart cities market in the forecast period of 2020-2027. [Additionally, the] emergence of 5G technology, internet of things, a growing demand of system integrators for end to end solutions, and rising environmental concern will bring immense opportunities for the growth of the smart cities market in the above mentioned forecast period.

Unavailability of advanced technology in developing economies, poor operational efficiency, and lack of uniform technology and standardisation are acting as market restraints for smart cities in the above mentioned forecasted period.

Sam Mowers, Investorideas.com

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