AI Eye Episode 424: NVIDIA Introduces GeForce RTX 30 Series GPUs and BrainChip Announces Collaboration with VORAGO Technologies

Point Roberts, WA and Vancouver, BC - September 2, 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:

https://www.investorideas.com/Audio/Podcasts/2020/090220-AI-Eye.mp3

AI Eye Episode 424: NVIDIA (NasdaqGS: $NVDA) Introduces GeForce RTX 30 Series GPUs and BrainChip Announces Collaboration with VORAGO Technologies

SHARE PODCAST:

Hear the AI Eye on Spotify

Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:NVDA) (ASX:BRN)

NVIDIA Corporation (NasdaqGS:NVDA) has unveiled its GeForce RTX 30 Series GPUs, which deliver a 2x performance improvement over the previous Turing-based generation GPUs. The new Series employs the second generation of PC gaming platform NVIDIA RTX to "provide unprecedented levels of real-time ray tracing and AI gaming," according to the press release. NVIDIA founder and CEO Jensen Huang commented:

"Today's launch of NVIDIA Ampere GPUs is a giant step into the future. The work of thousands of engineering years, the GeForce RTX 30 Series delivers our greatest generational leap ever. NVIDIA RTX fuses programmable shading, ray tracing and AI for developers to create entirely new worlds. Twenty years from now, we'll look back and realize that the future of gaming started here."

BrainChip Holdings Ltd (ASX:BRN) announced a collaboration with high tech firm VORAGO Technologies "to support a Phase I NASA program for a neuromorphic processor that meets spaceflight requirements." This involved VORAGO's signing of BrainChip's Akida Early Access Program (EAP) Agreement. According to the press release, Akida is a neuromorphic processor that "is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications," and "is uniquely suited for spaceflight and aerospace applications." BrainChip CEO Louis DiNardo said:

"We are both excited and proud to participate in this Phase I program with VORAGO Technologies and support NASA's desire to leverage neuromorphic computing in spaceflight applications. The combination of benefits from the Akida neuromorphic processor and a radiation-hardened process brings significant new capabilities to spaceflight and aerospace applications".

Global AI Services Market to See Decline from 2019-2020 Due to COVID-19, but Recover Thereafter

Research published by ReportLinker finds that the global Artificial Intelligence Services market is expected to decline from $0.85 billion in 2019 to $0.77 billion in 2020 with a compound annual growth rate (CAGR) of -9.46 percent. This is attributed to the COVID-19 pandemic and its resulting "restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities," as well as supply chain disruptions. However, the report finds that the market "is then expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%." An excerpt from the report summary outlines the market:

The artificial intelligence (AI) services market consists of sales of AI and related services that are used in telecommunications, government, retail, defense and healthcare. Companies in the artificial intelligence market provide outsourced services to cater to business requirements. AI as a service enables individuals and businesses to use AI for different purposes, without significant initial investment and with lower risk.

Sam Mowers, Investorideas.com

Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

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:

https://www.investorideas.com/Audio/

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

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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

Contact Investorideas.com

800 665 0411

Buy a technology guest post on Investorideas.com
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.