USA News Group
Commentary
Issued on behalf of Scope AI
Corp.
VANCOUVER, BC, June 25, 2024 /PRNewswire/ -- USA News Group – Tech companies are advancing
the artificial intelligence (AI) revolution at breakneck speed.
However, new regulations are potentially in the works, as
Reuters is already reporting that the USA is moving closer to curbing investments in
China's AI and tech sectors. A
draft has already been published, governing investments into
China's emerging tech sector
amidst political tensions. While the future of any kind of
potential global alliance in AI development doesn't look likely at
this time, several developers in North
America are making significant developments in AI that could
move the needle in the economy of the West, including from Scope
AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Symbotic Inc.
(NASDAQ: SYM), Evolv Technologies Holdings, Inc. (NASDAQ:
EVLV), MicroStrategy Incorporated (NASDAQ: MSTR), and
UiPath Inc. (NYSE: PATH).
As deep machine learning continues to evolve, Scope AI
Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and redirected
its market focus towards sectors like advertising, gaming, and
neural networks, leveraging its advanced GEM (General Enterprise
Machine Learning) technology.
Scope AI continues to advance its GEM platform to help
businesses develop custom object detection and visual information
systems, leveraging the full potential of neural networks. These
strategic initiatives have the potential to transform advertising
personalization, gaming enhancements, and various neural network
applications.
Recently, Scope AI introduced major updates to GEM, aimed
at better serving advertising agencies and the gaming sector. These
improvements focus on optimizing advertising content and enhancing
gameplay experiences with advanced neural network capabilities. By
the end of May, Scope AI had partnered with several leading
ad agencies and ad networks to understand the primary challenges in
analyzing ad creative effectiveness, page layouts, and the
associated testing costs and difficulties.
"Our approach is to start with the pain points of our potential
users and build solutions based on those insights," said
James Young, CEO of Scope AI
Corp. "We believe in understanding the real-world challenges
faced by our partners, rather than falling into the common software
trap of 'build it and they will come.' This collaboration ensures
that GEM is not just another tool, but a solution that addresses
the specific needs of the advertising community."
Scope AI's timing in assisting the advertising industry
is impeccable, as global advertising executives grapple with the
influx of AI technology. The concern is that widespread use of
AI-generated images may result in a lack of distinctiveness. This
is where Scope AI's GEM technology shines, aiding ad
executives in distinguishing and delivering their campaigns more
effectively.
GEM's advanced object visual recognition capabilities aim to
provide businesses with deeper insights and more precise solutions.
As a result, advertisers could potentially analyze consumer
behavior more effectively and refine their campaigns, while game
developers might create more engaging and immersive user
experiences.
"We're very pleased at how seamless we were able to streamline,
enhance, and strengthen our platform with the latest performance
and security upgrades made to our infrastructure," said
Sean Prescott, Founder and
Non-Executive Chairman of Scope AI. "The next generation of
our platform will set us apart in what kind of data and its
sensitivity we can process and store. It's a potential game-changer
for the industry."
Primarily focused on automating warehouses, Symbotic Inc.
(NASDAQ: SYM) is rapidly advancing its technology for use in
other industries. Potential applications include automated building
and road construction. Symbotic is doing this by enhancing
AI, computer vision, and IoT functionality through autonomous
robots working collaboratively. This technology is expected to
naturally progress into virtual or mixed reality, allowing users to
control the system and individual robots as if they were the
brain.
"This past quarter we executed well for our customers, made
significant progress on our innovation roadmap and delivered solid
financial results," said Rick Cohen,
Chairman and CEO of Symbotic in its FY 2024 results. "We
made significant advances in both software and hardware this
quarter that will benefit customers, accelerate deployment times
and increase our deployment capacity."
Symbotic operates in two segments: products and
deployment, and services. In Q2, Symbotic achieved several
key developments that improved deployment times, including a
software upgrade for better throughput and capacity, an upgrade to
enhance modularization, and a new AI chip for increased power.
"These advancements helped us to accelerate deployment progress
during the quarter," said Symbotic CFO Carol Hibbard. "We started three system
deployments and completed three operational systems, while
achieving faster revenue growth, higher margins and stronger cash
generation than planned for the quarter."
Evolv AI, a leader in digital experience optimization,
and a wholly-owned subsidiary of Evolv Technologies Holdings,
Inc. (NASDAQ: EVLV), recently announced a new free-of-charge
AI-led UX site assessment feature to boost online conversions in
eCommerce. Delivered as an emailed report that gives insight into
where site owners' digital experiences are underperforming, the new
feature provides prioritized, contextual UX recommendations to help
businesses advance.
"Our free UX site assessment feature is a game-changer for
businesses looking to optimize their digital experiences but have
limited resources for UX experimentation," said Tyler Foster, President and CTO at Evolv
AI. "Our recommendation engine distills generalized learnings
from millions of experiments and extensive UX research to deliver
custom, contextual recommendations to our end users. Our AI also
predicts which UX improvements will yield the highest returns, so
you can focus resources strategically."
Back in March, MicroStrategy Incorporated (NASDAQ: MSTR)
unveiled a new customizable AI bot called Auto that lets business
users interact with MicroStrategy's data analytics offerings
through natural language. The new Auto software was based upon the
MicroStrategy AI product suite that was launched last year,
using generative AI technology to lower the technical skills
required by users to consume data using MicroStrategy data
analytics.
"Our modern cloud architecture, proven semantic graph, and
robust APIs gave us the agility to lead the market with a solution
that combines the latest generative AI with trusted BI," said
Saurabh Abhyankar, Chief Product
Officer at MicroStrategy. "And now, with Auto added to
MicroStrategy AI, we're enabling customers to build and deploy
custom AI bots in minutes. But this is just the beginning. We have
dozens of new features underway for MicroStrategy AI that will help
every organization capitalize on our vision for Intelligence
Everywhere."
MicroStrategy would follow up the launch of Auto, by
unveiling enhancements to the platform at the end of April.
Working to further help enterprises interpret and utilize their
data, leading enterprise automation and AI software company
UiPath Inc. (NYSE: PATH) was recently recognized as a Leader
in the Everest Group Process Mining Products PEAK Matrix Assessment
2024, marking the fifth consecutive year of UiPath receiving
the honor.
"[UiPath's] strong year-over-year growth in its process
mining business, enhanced interoperability with its automation
suite, and investments in product innovation and generative AI
capabilities such as Autopilot have helped UiPath strengthen its
position as a Leader and emerge as a Star Performer on Everest
Group's Process Mining Products PEAK Matrix® 2024," said
Amardeep Modi, Vice President at
Everest Group. "Its product vision and roadmap, product's
ease of use, ability to visualize process maps and detect
bottlenecks, and customer support are some of the key strengths
highlighted by its clients."
Serving to further enhance its portfolio, UiPath has also
been linked to a $35.2 million
investment in Paris-based AI
startup Holistic, with plans to develop a "commercial
relationship" with the company, according to a document filed at
the start of May with the US Securities and Exchange Commission
(SEC). The investment was part of a $200
million funding round for Holistic AI, as reported by
Reuters.
Article Source:
https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
CONTACT:
USA NEWS
GROUP
info@usanewsgroup.com
(604)
265-2873
DISCLAIMER: Nothing in this publication should be
considered as personalized financial advice. We are not licensed
under securities laws to address your particular financial
situation. No communication by our employees to you should be
deemed as personalized financial advice. Please consult a licensed
financial advisor before making any investment decision. This is a
paid advertisement and is neither an offer nor recommendation to
buy or sell any security. We hold no investment licenses and are
thus neither licensed nor qualified to provide investment advice.
The content in this report or email is not provided to any
individual with a view toward their individual circumstances.
USA News Group is a wholly-owned
subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been
paid a fee for Scope AI Corp. advertising and digital media
from the company directly. There may be 3rd parties who may have
shares Scope AI Corp., and may liquidate their shares which could
have a negative effect on the price of the stock. This compensation
constitutes a conflict of interest as to our ability to remain
objective in our communication regarding the profiled company.
Because of this conflict, individuals are strongly encouraged to
not use this publication as the basis for any investment decision.
The owner/operator of MIQ own shares of Scope AI
Corp. which were purchased as a part of a private placement.
MIQ reserves the right to buy and sell, and will buy and sell
shares of Scope AI Corp. at any time thereafter without any
further notice. We also expect further compensation as an ongoing
digital media effort to increase visibility for the company, no
further notice will be given, but let this disclaimer serve as
notice that all material disseminated by MIQ has been approved by
the above mentioned company; this is a paid advertisement, and we
own shares of the mentioned company that we will sell, and we also
reserve the right to buy shares of the company in the open market,
or through further private placements and/or investment vehicles.
While all information is believed to be reliable, it is not
guaranteed by us to be accurate. Individuals should assume that all
information contained in our newsletter is not trustworthy unless
verified by their own independent research. Also, because events
and circumstances frequently do not occur as expected, there will
likely be differences between any predictions and actual results.
Always consult a licensed investment professional before making any
investment decision. Be extremely careful, investing in securities
carries a high degree of risk; you may likely lose some or all of
the investment.
View original
content:https://www.prnewswire.co.uk/news-releases/ai-revolution-accelerates-north-american-tech-companies-lead-amid-regulatory-changes-302181939.html