Artificial Intelligence News

Recent industry report about Artificial Intelligence company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Artificial Intelligence Market industry experts.

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Artificial Intelligence News

  • February 2023: SAS Institute Inc. joined the Clean Energy Smart Manufacturing Innovation Institute (CESMII), the Smart Manufacturing Institute, to further promote the use of advanced analytics and artificial intelligence (AI) across manufacturing.
  • October 2022: Delta Bravo Artificial Intelligence Inc. joined the Cisco Digital Solutions Integrator (DSI) Program. The DSI Program selects strategic partners from Cisco's worldwide partner network to provide unique value and perspective to Cisco's most important customers. Cisco would work with Delta Bravo to provide manufacturing customers with a best-practice network and security architecture to support the Internet of Things (IoT), predictive analytics, and artificial intelligence (AI) efforts across multiple plants and facilities.

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  • March 2023: Kind LED Grow Lights, one of the leading providers of LED grow lights, launched its latest product, the X1 Greenhouse LED Grow Light. With less energy consumption, the X1 Greenhouse LED Grow Light is designed to maximize crop growth and quality. It uses the most recent LED technology and a spectrum tailored specifically to plants to meet their needs for optimum growth.
  • April 2022: The P100-M Smart Greenhouse was officially opened by the Department of Agriculture's Regional Field Office 10 (DA-RFO 10) inside its research facility, the Northern Mindanao Agricultural Crops and Livestock Research Complex (NMACLRC) at Dalwangan, Malaybalay City, Bukidnon. The Ministry of Agriculture, Food, and Rural Affairs (MAFRA) of the Republic of the Philippines and the South Korean government collaborated on the cutting-edge agricultural project known as the Smart Greenhouse, which uses Smart Greenhouse Technology to produce strawberries, cherry tomatoes, and white potatoes in innovative ways.
  • March 2023: Diehl Metering Inc. announced a strategic partnership with STACKFORCE GmbH, a German company specializing in embedded software for communicating IoT devices and related integration devices. Through this partnership, Diehl aims to maintain its leading position in the market and further expand in the communication technology market for smart meters, smart utilities, and smart cities.
  • March 2023: Itron Inc. announced that Peoples Gas and North Shore Gas, subsidiaries of WEC Energy Group, are operating together with ComEd, an energy provider to over 4 million customers, to share ComEd's existing Itron advanced metering infrastructure (AMI) multi-purpose network to assist smart technology that will streamline natural gas meter reading to build efficiencies and lower carbon emissions.
  • March 2023: Landis+GyrTechnology Inc. and WEC Energy Group announced a partnership to expand the Advanced Metering Infrastructure (AMI) coverage for gas and electric meters and develop the current managed services agreement through 2038. It includes 210,000 G480 ultrasonic gas meters, 750,000 AMI gas modules, and 204,000 advanced electric meters.
  • In March 2023, Siemens Smart Infrastructure introduced Connect Box, an open and easy-to-use IoT solution for small- to medium-sized buildings. The addition to the Siemens Xcelerator portfolio, Connect Box, is mainly a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to around 30% and to substantially improve the overall indoor air quality in small to medium-sized buildings such as schools, retail shops, apartments, or small offices.
  • In May 2023, Delta, a global provider of power and thermal management solutions, announced a smart community hub enabled by its broader portfolio of IoT-based Smart Green Solutions. The "Intelligent Sustainable Connecting Hub" features an intelligent Operation Center with a multi-functional management platform for companies to manage critical operations, including carbon emissions inventory and renewable power matching. Moreover, the new VORTEX, cloud-based video surveillance as a service (VSaaS), the smart microgrid-supported EV charging infrastructure, and the energy-efficient data center solution demonstrate how Delta's solutions integrate seamlessly to ensure the sustainable development of many sectors.
  • February 2023 - Synechron, Inc., launched its Data Monetization Accelerator program. The program offers a suite of building block solutions designed to help commercial and retail banks, asset managers, and financial services institutions unlock the full potential of their data. According to the company, this innovative tool leverages analytics and derives insights to identify and develop revenue opportunities by implementing key strategies for monetizing an organization's data while preserving data privacy, governance, security, and management.
  • February 2023 - Aniview, a major vendor in video advertising technology and monetization, entered into a partnership with Evrideo, a cloud-based automated distribution provider for the CTV advertising market. Aniview and Evrideo’s combined state-of-the-art solutions are anticipated to bring together the industry’s best solution enabling the creation, distribution, and monetization needs of free ad-supported TV (FAST) network providers, broadcasters, and CTV device manufacturers (OEMs) worldwide.
  • April 2023 - Alibaba Cloud unveiled cheaper options for its Elastic Compute Service and Object Storage Service and a large language model to keep pace with the demand for cloud services. The new ECS Universal is claimed to offer the same stability as ECS while reducing costs by up to 40%, and is suited for running web applications and websites, enterprise office applications, and offline data analysis. The OSS Reserved Capacity (OSS-RC) would let its customers reserve storage capacity in a specific cloud region for one year, reducing capacity cost by up to 50%.
  • November 2022 - AWS opened India's Second Infrastructure Region. The second AWS Region enables Indian customers to have more alternatives to execute workloads with better resilience and availability, store data securely, and give end users even lower latency. By 2030, it is anticipated that the new AWS Asia Pacific (Hyderabad) region would provide more than 48,000 full-time employees annually, attributed to an investment of more than USD 4.4 billion in India.
  • February 2023: Signify supplied LED street lighting, intelligent poles, and a connected lighting system to the industrial parks in Huanggang City in Hubei Province, China. The city opted for Signify's BrightSites smart poles, PhilipsLED streetlights, and Interact connected lighting system. This combination provides high-quality, energy-efficient LED lighting and two-way communication on a cloud-based platform.
  • January 2023: Lutron plans to provide new solutions and upgrade existing products that enable AV professionals to offer high-quality, future-ready lighting control while allowing clients to achieve their interior design dreams, removing the need to choose between aesthetics and experience.
  • March 2023: Samsung, in collaboration with Google and Qualcomm, announced to work on an upcoming mixed-reality headset. While not much is known about Samsung's mixed reality headsets, a recent US trademark filed by the South Korean tech giant suggests that the product might have the brand name 'Galaxy Glasses.'
  • October 2022: Google unveiled the Pixel watch, a smartwatch. The price of the Pixel Watch is USD 349 for the Wi-Fi-only device and USD 399 for the cellular version. This is between USD 50 and USD 100 less than the comparable Apple Watch Series 8 versions. Speaking of Apple, none of these Pixel Watches are compatible with the iPhone. Google has decided to restrict the use of the Pixel Watch to Android phones only, taking a cue from Apple.
  • July 2023: Telenor IoT and Verizon Business formed a strategic alliance to enhance global IoT connectivity. The initial focus of this partnership is to extend the reach of eSIM-based network access and services by leveraging their combined network assets and managed IoT capabilities across Europe, Asia, and North America.
  • April 2023: Tive Inc. partnered strategically with Freightflow, a cloud-based TMS built for the perishable produce industry. This partnership would enable Freightflow to provide its network of shippers and carriers with Tive's real-time visibility solution on all shipments, providing strategic differentiation while improving shipment efficiency, reducing costs, and delivering exceptional customer service.
  • January 2023: CYENS announced the XR4ED Extended Reality for Education project launch. The XR4ED program is aimed at immersive technologies and brings together a diverse group of stakeholders working in the increasingly emerging field of extended reality.
  • January 2023: Mapstar, the XR Map-based Metaverse that allows users to easily create new digital realities by mapping the environment in 3D and anchoring digital assets, unveiled its Augmented Reality on-site editing, LiDAR, XR-layer, and VR capability to enhance the retail shopping experience for visitors of shopping malls.
  • June 2023: Volt, a smart home solution provider, announced a strategic partnership with Ring, an Amazon company, to expand its smart home security solutions. Through this partnership, Volt will likely introduce smart home security products, including security cameras and video doorbells, to meet the increasing demand for advanced home security systems and aims to strengthen its position in the market.
  • November 2022: Arlo Technologies Inc. unveiled the Arlo Home Security System. The system had a first-of-its-kind multi-sensor that could perform eight separate sensing functions. The system works in conjunction with Arlo's new 24/7 professional monitoring service, giving users access to highly qualified security experts who monitor and respond to emergencies.

Artificial Intelligence (AI) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)