AI Eye Episode 436: Microsoft Canada Announces Canada Skills Program to Improve AI Skills

Point Roberts, WA and Vancouver, BC - September 21, 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 436: Microsoft Canada (NasdaqGS: $MSFT) Announces Canada Skills Program to Improve AI Skills

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

Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:VERI)

Microsoft Canada, a subsidiary of Microsoft (NasdaqGS:MSFT), along with 12 Canadian post-secondary institutions, announced the Canada Skills Program, which aims to "bolster the data & AI skills and employability of more than 4,500 students in diploma, degree and continuing education programs." Kevin Peesker, President, Microsoft Canada, said:

"The pandemic has accelerated digital transformation at unimaginable rates, making skills in cloud, data and AI more important than ever. Microsoft developed the Canada Skills Program to help strengthen the innovation economy by building a talent pipeline equipped with the skills they need for future success."

Veritone, Inc. (NasdaqGS:VERI) has been awarded $1.3 million of subcontracts under a U.S. Air Force project that will leverage its aiWARE artificial intelligence (AI) operating system to increase the speed and accuracy of overhead imagery analysis. Chad Steelberg, CEO of Veritone, commented:

"Veritone is thrilled and honored to be part of the team that won this contract from one of the most respected and technologically advanced U.S. government agencies. This is a further testament to the power of our world-class AI Operating System, aiWARE, which orchestrates a diverse ecosystem of machine learning models to transform audio, video, text and other data sources into actionable intelligence."

Global Cloud Analytics Market – Driven by AI, ML, NLP – to Reach $65.4 Billion by 2025

A report published by Markets and Markets finds that the global Cloud Analytics market will grow from $23.2 billion in 2020 to $65.4 billion by 2025 with a compound annual growth rate (CAGR) of 23 percent in that forecast period. An excerpt from the report description outlines the role of artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) have as drivers of the market's growth:

The US has emerged as the largest market, due to the increasing investments and a growing presence of vendors who are exploring the use of AI and NLP technologies for various applications. The US market widely adopts AI and NLP technologies in its business establishments and other verticals, catering to customers in a better way and continually improving business efficiencies. The country has advanced infrastructure, innovations, and initiatives necessary to evolve cloud analytics into robust solutions with innovative benefits.

Sam Mowers, Investorideas.com

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