Heres Why Investors Should Pay Close Attention to Artificial Intelligence – Baystreet.ca

Artificial intelligence is ingrained into our lives. Its influencing our shopping choices online, helping us book meetings, and even finding the best deals. The auto industry is using AI to create driverless cars. The financial industry uses it to help organize operations, for bookkeeping, and to help reduce fraud and potential crime. Physicians can use it to identify correct medications based on patient analysis, and can even use it to help identify medical issues before they present themselves. Google and Facebook use it to deliver better advertising to users. Thats just a fraction of how AI is revolutionizing life as we know it. All as global companies race to embrace machine learning, and deep learning that will force computers to perform tasks that typically rely on humans.

In addition, JP Morgan analysts believe the market will grow to $58 billion by 2021. Better, Microsoft CEO Satya Nadella says AI is the "defining technology of our times. As we see advances in AI, some of the top companies to keep an eye on include Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF), Palantir Technologies Inc. (NYSE:PLTR), Baker Hughes Co. (NYSE:BKR), Fortinet Inc. (NASDAQ:FTNT), and Palo Alto Networks Inc. (NYSE:PANW).

Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF) BREAKING NEWS:Datametrex AI Ltd. is pleased to announce that it has renewed and extended its current sales agreements on January 15, 2021, with LOTTE Global Logis, LOTTE Duty-Free Shops, and LOTTE Home Shopping, LOTTE Super, collectively LOTTE for technology services and maintenance. The aggregate gross revenue from these agreements is approximately $500,000 CAD with the gross margin of $259,000. Datametrex is a continued preferred vendor partner for LOTTE, and vendors on this platform have demonstrated quality, reliability, and trustworthiness.

These extended agreements with LOTTE further confirm Datametrexs business strategy for generating revenue from its diverse portfolio of AI technology and cybersecurity products, commented Marshall Gunter, CEO of Datametrex.

Other related developments from around the markets include:

Palantir Technologies Inc. (NYSE:PLTR) announced the Army (PEO IEW&S) down-selected it to deliver a prototype for the first phase of the Armys Ground Station modernization in support of the Armys Tactical Intelligence Targeting Access Node (TITAN) program. The contract value for this phase is $8.5 million, with a potential contract value of approximately $250 million over all 4 phases. Palantir was awarded a Phase 1 Project Agreement through an Other Transaction Agreement (OTA) with Consortium Management Group, Inc. (CMG) on behalf of Consortium for Command, Control and Communications in Cyberspace (C5).

Baker Hughes Co. (NYSE:BKR) will hold a webcast onThursday, January 21, 2021to discuss the results for the fourth quarter and full year endingDecember 31, 2020. The webcast is scheduled to begin at9:00 a.m. Eastern Time(8:00 a.m. Central Time). A press release announcing the results will be issued at7:00 a.m. Eastern Time(6:00 a.m. Central Time).

Fortinet Inc. (NASDAQ:FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its fourth quarter 2020 financial results onThursday, February 4at1:30 p.m. Pacific Time(4:30 p.m. Eastern Time).

Palo Alto Networks Inc. (NYSE:PANW) launched a rapid response program to help SolarWinds Orion customers navigate risks from cyberattacks. SolarWinds Orion products are currently being exploited by malicious actors to gain access to the company's systems, activity being tracked by Palo Alto Networks' Unit 42 as SolarStorm. In launching the program, Palo Alto Networks shared that its Cortex XDR platform had successfully prevented an attempted SolarStorm attack. As well as instantly blocking the attempt, the company's systems deployed a set of indicators of compromise to customer-facing Palo Alto Networks' products.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Datametrex AI Ltd. by a third party. We own ZERO shares of Datametrex AI Ltd. Please click here for full disclaimer.

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Heres Why Investors Should Pay Close Attention to Artificial Intelligence - Baystreet.ca