Point Roberts, WA and Vancouver, BC - August 14, 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.
Listen to today's podcast:AI Eye Episode 411: Baidu (NasdaqGS: $BIDU) Q2 Financials Driven by AI, Avnet's (NasdaqGS: $AVT) Hackster.io Collaborating with Smart Parks on ML-powered Tracking Collar for Elephants
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligenceStocks discussed: (NasdaqGS:BIDU) (NasdaqGS:AVT)
Baidu, Inc. (NasdaqGS:BIDU) has announced its unaudited financial results for the second quarter ended June 30, 2020. The press release indicates that the company's growth has been heavily influenced by its AI and AI investments. The firm reports total revenue of $3.69 billion, which was driven by its AI open platform - which is built on top of Baidu Cloud, and offers over 260 AI capabilities - Apollo robotaxi operations, and the company's iQIYI video platform, which reached 104.9 million subscribers in the quarter, and more.Robin Li , Co-founder and CEO of Baidu, said:
"With COVID-19 becoming more manageable in China , Baidu's business is steadily rebounding. We are pleased that in-app revenue grew in the second quarter, despite a challenging macro environment, further validating our strategy to make Baidu App a super app through AI-powered building blocks and marketing cloud platform. Baidu's new AI businesses, including cloud, smart devices and smart transportation, saw double-digit growth in the second quarter and stand to become an important revenue driver in the years to come."
Hackster.io, a community of Avnet, Inc. (NasdaqGS:AVT), and advanced sensor solutions provider Smart Parks, are collaborating on the development of a next generation tracking collar for elephants, supported by a new Hackster.io design challenge called ElephantEdge. Powered by "advanced telemetry dashboards and machine learning models," ElephantEdge will provide "useful tracking, health vitals, motion, environmental anomalies, and more," to protect Africa's dwindling elephant population. Tim van Dam, Smart Parks co-founder, explained:
"Elephants are the gardeners of the ecosystems as their roaming in itself creates space for other species to thrive. Our ElephantEdge project brings in people from all over the world to create the best technology that is vital for the survival of these gentle giants. Every day they are threatened by habitat destruction and poaching. Better sensors allow us to get more insight in their behavior so we can improve protection."Autonomous Vehicle ECU Market to Grow $1.43 Billion from 2020-2024
A report from Technavio finds that the Autonomous Vehicle ECU [engine control unit] market will witness growth of $1.43 billion from 2020 to 2024 with a compound annual growth rate (CAGR) of nearly 24 percent in that forecast period. An excerpt from the report snapshot outlines key drivers observed in the market:
The development and deployment of semi-autonomous vehicles are gaining prominence in developed areas such as the US and Europe due to the availability of vehicle-specific lanes or highways. This is encouraging the development of an intelligent transport system (ITS) and smart road infrastructure. The availability of ITS in these regions will encourage the adoption of autonomous vehicle ECU. Research analysis on the global autonomous vehicle ECU market identifies that the developments in the intelligent transport system will be one of the major factors that will have a positive impact on the growth of the market.
Sam Mowers, Investorideas.com
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
800 665 0411
Buy a technology guest post on Investorideas.com