The AI Eye Podcast: Watching AI Breaking News (NasdaqGS: INTC) (NYSE: SPGI)

The AI Eye Podcast: Watching AI Breaking News (NasdaqGS: INTC) (NYSE: SPGI)

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 Mauers here. Welcome to
the latest episode of the AII podcastfor stock News. Today, Flapmax and
Intel have announced a strategic partnership andSMP Global has been named best AI provider

(00:27):
by Waters Rankings. Then we're goingto take a look at some projections for
the global market for AI chip sets. Just before we get into the show,
however, a quick reminder that ifyou enjoy this podcast to please feel
free to share it or leave usa review, and as always, I
recommend checking out some of the otherpodcasts on investiedias dot com. This includes

(00:50):
the Cannabis Podcast, the Cleantech andClimate Change Podcast, along with many others,
all of which will bring you upto speed on the latest stock news
trends in their respective spaces. Allright, So, AI firm Flapmax has
announced a strategic partnership with Intel Corporation, which trades on the NASDAC under the

(01:11):
ticker i NTC, to foster AIinnovation and drive economic empowerment in Africa.
This will be done through the provisionof technology access, training, mentorship,
and funding opportunities to entrepreneurs in emergingmarkets, starting with Africa, and it
will be done through the Fast AcceleratorProgram. According to the press release,

(01:34):
the Fast Accelerator Program is designed tohelp startups that are building cloud based and
AI enabled products and services supporting communities, companies, and governments. Dave Ojica,
the founder and CEO of Flatmax,explained quote, Flatmax has been working

(01:55):
with Intel to develop sustainable digital solutionsthat readily expand accessibility in underserved communities,
and we are excited to build onour momentum with the Fast Accelerator Program.
Bridging the knowledge gap in technological advancementsis key to creating meaningful social impact.

(02:15):
Through this partnership with Intel, Flatmaxwill bring cutting edge technology and advanced curricula,
including generative AI, robotics and deeptech, to innovators in Africa and
other technologically underserved communities. End quotenext up. S and P Global,
Inc. Trading on the NYS underthe ticker Simple SPGI, has announced today

(02:39):
that can Show Technologies. That's anAI firm acquired by SMP back in twenty
eighteen, and the S and PGlobal Market Intelligence Division were named twenty twenty
three's best Artificial Intelligence Provider by WatersRankings. Bombshdeology, the CEO of ken

(03:00):
Show Technologies commented, quote, thisaward is a testament to the unique advantage
that ken Show has in building anddeploying cutting edge AI tools trained on SMP
global data and expertise. Our exceptionaltalent, culture of experimentation and partnership with
business leaders throughout the SMP Global hasenabled us to push boundaries, taking big

(03:24):
swings, and constantly seeking new andinnovative approaches to solving the most complex machine
learning problems faced by SMP Global andother enterprises. Today end quote, we'll
pivot away from stock news and turnour attention here to a report published by
Transparent Market Research, which finds thatthe global market for AI chip sets is

(03:47):
projected to grow from forty five pointfive billion USD in twenty twenty one to
seven hundred and seventeen point four billiondollars by twenty thirty one, registering a
compound annual growth rate of thirty onepoint eight percent in the forecast period running
from twenty twenty two to thirty one. The following excerpt from the report's preview

(04:10):
section outlines trends impacting the market's growth. Quote. Increase in demand for smart
consumer electronic devices is significantly augmenting theglobal AI chip set market share. Future
market value of the AI chip setindustry is expected to grow during the forecast
period owing to the rise in theadoption of AI chipsets to improve customer service

(04:34):
experience. Furthermore, growth in advancementin the semiconductor sector is contributing to market
development. AI chips are specifically designedto improvise the productivity of devices while using
that must be improved the productivity ofdevices while using the least amount of power.

(04:54):
Rise in concerns over a data securityand computational speed has boost the demand
for edge based AI hardware. Chipsare being incorporated in products such as smart
homes, autonomous vehicles, and wearables. End quote and that's it for today's
AII. If you would like tobe a guest or sponsor for this podcast,

(05:15):
contact Investor Ideas dot com. InvestorIdeas reminds all listeners to read our
disclaimers and disclosures on the investor Ideasdot com website, and this podcast is
not an endorsement to buy products orservices or securities. Investors were reminded all
investment involves risk and possible loss ofinvestment. To hear more Investor Ideas dot

(05:35):
Com podcast, please visit Investor Ideasdot Com slash audio and a reminder.
You can also hear our podcasts onApple Podcasts, Audible, Spotify, tune
In, stitcherd Spreeker, dot Com, iHeartRadio, and most audio platforms available.
This podcast was sponsored by Apptech PaymentsCorp. Apptech is an innovative fintech

(05:59):
company. Mission is to deliver abetter way for businesses to provide their customers
with immersive commerce experiences.