AI Eye Episode 411: Baidu Q2 Financials Driven by AI, Avnet's Hackster.io Collaborating with Smart Parks on ML-powered Tracking Collar for Elephants

Point Roberts, WA and Vancouver, BC - August 14, 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.

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AI Eye Episode 411: Baidu (NasdaqGS: $BIDU) Q2 Financials Driven by AI, Avnet's (NasdaqGS: $AVT) Hackster.io Collaborating with Smart Parks on ML-powered Tracking Collar for Elephants

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

Stocks discussed: (NasdaqGS:BIDU) (NasdaqGS:AVT)

Baidu, Inc. (NasdaqGS:BIDU) has announced its unaudited financial results for the second quarter ended June 30, 2020. The press release indicates that the company's growth has been heavily influenced by its AI and AI investments. The firm reports total revenue of $3.69 billion, which was driven by its AI open platform - which is built on top of Baidu Cloud, and offers over 260 AI capabilities - Apollo robotaxi operations, and the company's iQIYI video platform, which reached 104.9 million subscribers in the quarter, and more.Robin Li , Co-founder and CEO of Baidu, said:

"With COVID-19 becoming more manageable in China , Baidu's business is steadily rebounding. We are pleased that in-app revenue grew in the second quarter, despite a challenging macro environment, further validating our strategy to make Baidu App a super app through AI-powered building blocks and marketing cloud platform. Baidu's new AI businesses, including cloud, smart devices and smart transportation, saw double-digit growth in the second quarter and stand to become an important revenue driver in the years to come."

Hackster.io, a community of Avnet, Inc. (NasdaqGS:AVT), and advanced sensor solutions provider Smart Parks, are collaborating on the development of a next generation tracking collar for elephants, supported by a new Hackster.io design challenge called ElephantEdge. Powered by "advanced telemetry dashboards and machine learning models," ElephantEdge will provide "useful tracking, health vitals, motion, environmental anomalies, and more," to protect Africa's dwindling elephant population. Tim van Dam, Smart Parks co-founder, explained:

"Elephants are the gardeners of the ecosystems as their roaming in itself creates space for other species to thrive. Our ElephantEdge project brings in people from all over the world to create the best technology that is vital for the survival of these gentle giants. Every day they are threatened by habitat destruction and poaching. Better sensors allow us to get more insight in their behavior so we can improve protection."

Autonomous Vehicle ECU Market to Grow $1.43 Billion from 2020-2024

A report from Technavio finds that the Autonomous Vehicle ECU [engine control unit] market will witness growth of $1.43 billion from 2020 to 2024 with a compound annual growth rate (CAGR) of nearly 24 percent in that forecast period. An excerpt from the report snapshot outlines key drivers observed in the market:

The development and deployment of semi-autonomous vehicles are gaining prominence in developed areas such as the US and Europe due to the availability of vehicle-specific lanes or highways. This is encouraging the development of an intelligent transport system (ITS) and smart road infrastructure. The availability of ITS in these regions will encourage the adoption of autonomous vehicle ECU. Research analysis on the global autonomous vehicle ECU market identifies that the developments in the intelligent transport system will be one of the major factors that will have a positive impact on the growth of the market.

Sam Mowers, Investorideas.com

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