HENDERSON, NV / ACCESSWIRE / April 4, 2019 / Artificial Intelligence is at the forefront of the future of practically every industry. Here are a few stats that highlight AI's growing influence on industry:
- According to the latest market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", the artificial intelligence market is expected to grow from USD 21.46 Billion in 2018 to USD 190.61 Billion by 2025, at a CAGR of 36.62% between 2018 and 2025.
- IDC predicts 40% of digital transformation initiatives will use AI services by 2019.
- IDC forecasts 75% of commercial enterprise apps will use AI by 2021.
Speaking of AI applications, Gopher Protocol Inc. (GOPH) just released its Avant! AI mobile app! This is huge news that investors will be quick to jump on. With McDonalds and SAS each making news recently about investments in AI, investors are hungry for opportunities in the space, so start your research now.
Today we are highlighting: Gopher Protocol Inc. (GOPH), iRobot Corporation (NASDAQ: IRBT), MongoDB, Inc. (NASDAQ: MDB), NVIDIA Corporation (NVDA), and Baidu, Inc. (NASDAQ: BIDU).
Gopher Protocol Inc. (GOPH) (Market Cap: $80.889M Share Price: $0.39)'s Avant! AI mobile app is synchronized with the Avant! AI web application (www.avant-ai.net) and is equipped with personalization and additional features to make it a handy artificial general intelligence (AGI) agent for the benefit of users. Avant! AI is an artificial intelligence system that is capable of processing vast amounts of data efficiently and quickly. Avant! AI is based on modern AI technologies including Deep Neural Network (DNN), vectorization and other advanced methodologies enabling usage for wide variety of applications. The current release of Avant! AI is targeting AGI to perform information search and retrieval. The new mobile application enables question/answer capability for general topics. Avant! AI searches for online information, sorting out the best answer and recording it under a personal account. The system keeps a history of any user's question/answer data for future use, and includes a search mechanism to retrieve previous topics.
The company also announced it had filed a non-provisional patent application with the United States Patent and Trademark Office (USPTO) covering Gopher's 3D microchip design and manufacturing technology. The goal of the technology specified in this application is to facilitate the design and manufacturing of superior computing microchips to power AI systems, wireless and IoT/Mobile systems.
In the IoT department, GOPH initiated testing multiple antenna types and configurations as part of the final phase of development for its mesh network gateway device. Antennas are a crucial part of any wireless system, being the central communicator between wireless clients, so this announcement was very promising.
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iRobot Corporation (IRBT) (Market Cap: $3.417B Share Price: $122.63) reported record fourth-quarter earnings and beating Wall Street's expectations. Fourth-quarter revenue increased 17.7% vs. the comparable period, to $384.7 million, above the consensus estimate of $379 million -- a record high for the company. Revenue grew 24% in an increasingly competitive market for the full year and the company delivered an operating margin of nearly 10% after absorbing the impact of tariffs in the fourth quarter.
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MongoDB, Inc. (MDB) (Market Cap: $7.965B Share Price: $146.63) recently announced Cedric Pech, who previously lead the company's EMEA sales organization, is promoted to Chief Revenue Officer (CRO). With more than 20 years of sales leadership experience, Cedric has a track record of building high-performance sales organizations that deliver strong and consistent results. In order to ramp up its security efforts, MDB announced that Lena Smart would be joining as the company's First Chief Information Security Officer.
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NVIDIA Corporation (NVDA) (Market Cap: $114.304B; Share Price: $188.62) reported earnings that beat expectations recently, though only because two forecast reductions had greatly diminished those expectations. Despite a fiscal first-quarter outlook that calls for another steep year-over-year sales decline, the company predicted that full-year revenue would be flat or decline only slightly. Furthermore, the company repeated its goal to return $3 billion to shareholders through the end of fiscal 2020 in the form of dividends and buybacks. Of this, $700 million in share repurchases were completed in the fourth quarter of fiscal 2019. It recently named to its board of directors Stephen C. Neal, a veteran Silicon Valley attorney and corporate advisor.
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Baidu, Inc. (BIDU) (Market Cap: $61.107B; Share Price: $174.91) shareholders have enjoyed a stellar performance from the stock; its shares are up more than 1,200% over the last decade. However, its run over the previous several years has been characterized by volatility. The Chinese search engine and online advertising leader saw its stock price hit a lifetime high in 2018, but a slowdown for China's economy and concerns that its stock market had become overheated prompted steep sell-offs in the year's latter half.
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Signed by
Priyanka Goel, CFA
Legal Disclaimer:
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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