AI Eye Podcast: AI Stocks in the News: (NYSE: DOCN) (NasdaqGS: SILC)

AI Eye Podcast: AI Stocks in the News: (NYSE: DOCN) (NasdaqGS: SILC)

Episode Transcript

(00:00):
Welcome to today's edition of the AIIwatching stock News, deal Tracker and advancements
in Artificial Intelligence. Hello everyone,this is Sam Mowers here. Welcome to
the latest episode of the AII podcastfor stock News. Today, Digital Ocean
Holdings has acquired paper Space, andSillacom has announced a new line of edge

(00:26):
AI products. Then we're going totake a look at some projections for the
global text to video AI market.But just before we jump into the show
today, a quick reminder that ifyou enjoy this podcast to please feel free
to share it or leave us areview. And as always I recommend checking
out some of the other podcasts oninvestor Ideas dot com. This includes the

(00:48):
Cannabis Podcast, the Cleantech and ClimateChange Podcast, along with many others.
All of them will bring you upto speed on the latest stock news and
trends in their respective spaces. Allright, So, cloud computing firm Digital
Ocean Holdings, Inc. Which tradeson the NYSE under the ticker symbol dc

(01:11):
N, has acquired paper Space,a leading provider of cloud infrastructure as a
service for highly scalable applications leveraging graphicsprocessing units or GPUs. Now, this
acquisition and subsequent integration of paper Space, according to the press release, will
enable customers of Digital Ocean to moreeasily test, develop, and deploy artificial

(01:37):
intelligence and machine learning applications, augmentand enhance existing AI and mL applications,
and utilize GPUs in ways that havebeen predominantly been the domain of large enterprises.
Yancy Sproul, the CEO of DigitalOcean, explained quote, this acquisition

(01:57):
marks a significant model stone indigital Ocean'sjourney to revolutionize how SMBs and startups harness
the power of the cloud and AIand machine learning for their applications and businesses.
The combined offerings allow customers to focusmore on building applications and growing their
businesses and less on the infrastructure poweringthem end quote. Next up networking and

(02:24):
data infrastructure solutions providers Silicom Limited,which trades on the NASDAC under the ticker
silc, has announced a new lineof edge AI products as part of its
new partnership with AI chip maker HaloThat's rendered Hilo. According to the press

(02:45):
release, the new product line integratesHalo's AI accelerators into silicoms existing edge platforms,
thereby solving performance challenges for edge AIuse cases. Lyren Eisenmans, CEO
said, quote, we are excitedto bring this powerful, new edge AI
solution, our first AI focused productto the market. By integrating Halo's groundbreaking

(03:10):
chips into our products, we aremaking it cost effective to move behavior analytics,
human intrusion detection, facial recognition,and vehicle analytics to the edge.
This will help our customers unlock newuse cases and provide new revenue streams and
more value to their customers. Infact, we are already engaged in pocs

(03:34):
and in discussion with customers on differentuse cases. End quote. We'll pivot
away from stock news here and takea look at a report published by Maximize
Market Research, which finds that theglobal market for text to video AI is
projected to grow from one hundred fortyfour point nine million USD in twenty twenty

(03:55):
two to one point eight billion dollarsby twenty twenty nine, registering a compound
annual growth rate of thirty three pointfour percent in the forecast period running from
twenty twenty three to twenty nine.The following excerpt from the report's summary outlines
some key factors impacting the market's growth. Quote. Businesses are increasingly using videos

(04:18):
to engage with their customers and prospects. Text to video AI generation is used
for the explanation of products in advertising, fashion, and the healthcare industry.
This is helping businesses to create awritten concept in video format. Since the
text to video AI market is expectedto grow significantly across the world. The

(04:42):
text to video generator saves the costsof businesses since it eliminates the need for
high cost equipment required for video production. Content creation through videos has become a
major part of the service and otherindustries and quote and that's it for today's
AII. If you would like tobe a guest or sponsor for this podcast,

(05:05):
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(05:27):
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AppTec Payments Corp. Apptech is aninnovative fintech company whose mission is to deliver

(05:50):
a better way for businesses to providetheir customers with immersive commerce experiences. Do you me