Point Roberts, WA and Vancouver, BC - June 17, 2019 (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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The AI Eye: NVIDIA (Nasdaq: $NVDA) Makes Stack of AI and HPC Software Available to ARM Ecosystem and Wipro (NYSE: $WIT) Partners with Moogsoft for AIOps
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (Nasdaq:NVDA) (NYSE:WIT)
NVIDIA Corporation (NasdaqGS:NVDA) is making its full stack of AI and HPC software available to Arm CPUs (advanced reduced instruction set computing machine). Jensen Huang, founder and CEO of NVIDIA, commented:
"Supercomputers are the essential instruments of scientific discovery, and achieving exascale supercomputing will dramatically expand the frontier of human knowledge. As traditional compute scaling ends, power will limit all supercomputers. The combination of NVIDIA's CUDA-accelerated computing and Arm's energy-efficient CPU architecture will give the HPC community a boost to exascale."
Wipro Limited (NYSE:WIT) has partnered with artificial intelligence for IT operations (AIOps) pioneer Moogsoft. The former will "leverage Moogsoft's industry-leading platform to deliver next-generation artificial intelligence for IT operations (AIOps) solutions for its customers", according to the press release. Kiran Desai, Senior Vice President and Global Head, Cloud and Infrastructure Services, Wipro Limited said:
"Moogsoft is an industry leader and our key partner in the AIOps solutions space. We have also invested in the company through Wipro Ventures, the strategic investment arm of Wipro Limited. Moogsoft's industry-leading AIOps platform will enable our customers to adopt a more proactive and situation-aware incident management approach. We are confident that this partnership will strengthen our AIOps practice for the managed services provider market."
AIOps Market to See CAGR of 27% from 2019-2026
Research from Report Consultant finds that the global AIOps market will experience a compound annual growth rate (CAGR) of 27 percent from 2019 to 2026, according to a press release. An excerpt reads:
The global AIOps market is gaining traction among various industries. It aids in procuring real-time data by eliminating silos, better tracking, and management, automated problem solving, and also helps in digital conversion. With evolving technology, voluminous data, customer demands, and process inefficiencies, AIOps solutions are better handling problems as compared to traditional solutions. The growing adoption of machine learning and data analysis to make sense out of existing internal management systems are further fueling the adoption of AIOps among various industries. However, lack of awareness could be one of the factors hindering the growth of the AIOps market over the forecast period.
Sam Mowers, Investorideas.com
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