Vancouver, Kelowna and Delta, British Columbia–(Newsfile Corp. – February 22, 2024) – Investorideas.com, a global news and expert investment source covering Artificial Intelligence (AI) stocks, releases a quick overview of the sector that includes Avant Technologies, Inc. (OTCQB): AVAI), an artificial intelligence (AI) technology company specializing in creating and developing innovative and advanced AI infrastructure solutions.
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With AI stocks posting impressive gains in 2023, expectations are high for 2024 as the technology advances significantly and investment continues to flow into the sector.
According to a report this week from Barron's, “Microsoft is on a charm offensive in AI around the world. The tech company's latest commitment is about $5.6 billion in AI investments across Europe.”
As tech giants battle for leadership, investors are looking to smaller companies with niche market opportunities to find the potential next big thing in AI.
Focusing on security applications of artificial intelligence, Avant Technologies, Inc. (OTCQB:AVAI) has just announced that it will be expanding its planned improvements to Avant! AI™ with the goal of delivering the best level of security combined with high-performance data center infrastructure. As one of the first companies to market with functional generative AI, Avant's announcement represents a major advance in data center information management, compliance and cybersecurity.
From the news: Avant! AI™ integrates seamlessly with industry-standard data science tools and algorithms, enabling organizations to harness the power of data to gain deeper insights and make informed decisions. Planned developments in Avant's artificial general intelligence will have the dual goal of providing early detection of potential security vulnerabilities and recommendations for proactive interventions to strengthen cybersecurity baselines, mitigate risks, and ensure compliance in today's dynamic digital landscape.
“As a former CIO, I am very excited to add AI-powered cybersecurity to our customer-facing toolkit,” said Danny Reitman, Chief Information Security Officer at Avant Technologies. “Cybersecurity and compliance are more important than ever, and we are excited to support our customers and partners to stay ahead of the curve – both now and in the future.”
From the news: On the cybersecurity front, Avant will act as a watchdog – overseeing all aspects of cybersecurity within the data center environment. From continuous monitoring and vulnerability assessment to proactive risk assessments and real-time response in the event of cyberattacks, Avant intends to enable its customers to achieve and maintain a strong cybersecurity posture and threat mitigation capabilities – going beyond standard cybersecurity to maintain data compliance, privacy compliance and compliance with necessary standards. Depending on the specific application types. By automating compliance management processes, organizations can achieve regulatory compliance while reducing administrative burden and mitigating risks associated with compliance.
“Rapid advances in artificial intelligence are opening tremendous opportunities and potential in nearly every aspect of our lives, but these same advances can also pose an increasing threat when used by those with the intent to do harm,” said Timothy Lantz, CEO of Avant. “Global cybersecurity is of the utmost importance and Avant is committed to providing our customers with the tools necessary to ensure the safety and security of their and their end users’ information.”
Avant! Artificial Intelligence™ represents a paradigm shift in data center management, providing organizations with a strategic advantage in improving performance, enhancing cybersecurity, and ensuring compliance in their IT infrastructure.
According to a recent article looking at how one AI stock, C3.ai, performed last year, “the stock gained 157% in 2023, far outpacing the S&P 500's 24% rise.”
C3.ai will host its fifth annual AI conference, C3 Transform 2024, March 5-7, 2024 in Boca Raton, Florida. This event brings together business leaders, technical experts, thought leaders and C3 AI customers to discuss AI innovations, performance and value in organizations; The focus this year is on how generative AI can deliver massive productivity and efficiency benefits across industries.
From the news“C3 Transform, at its core, is where the enterprise AI vision comes to life,” said Thomas M. Seibel, CEO and Chairman of C3 AI. “Generative AI is changing the future of business, and leaders in every sector are turning to it to improve efficiency, productivity, and workforce skills and knowledge. By bringing together experts from C3 AI and early adopters who can talk about the value of enterprise AI, C3 Transform gives attendees the opportunity to discover how They can use generative AI safely and effectively.”
Nvidia's recent Form 13F SEC filing captured investors' attention, showing an investment in SoundHound AI (NASDAQ: SOUN), an audio AI solutions company. Investors will be able to see if the company's performance is in line with expectations, as they announced that it will announce its financial results for the fourth quarter of 2023 and financial results for the full year on Thursday, February 29, 2024 after the market closes. The company will host a conference call and webcast to review the results on the same day.
Kevan Mehajer, Co-Founder and CEO, and Nitish Sharan, CFO, will host the conference call at 2:00 PM PT / 5:00 PM ET. The live audio broadcast will be available at investments.soundhound.com and a replay will be available at the same location.
Knightscope, Inc. announced (NASDAQ: KSCP), an innovator in robotics and AI technologies focused on public safety, recently announced that it has deployed two more of its K5 Autonomous Safety Robots (“ASRs”) driven by its AI software to enhance safety. Measures at a Washington casino and at a security services company that recently became a reseller of the Knightscope Authorized Partner Program (“KAP”).
The K5 ASR is a fully autonomous outdoor robot (i.e. no human intervention required for operation) and is capable of monitoring properties 24/7/365. The robot's large size, coupled with conspicuous illumination, strobe lights, radio messages and patrol sounds, effectively deters illicit activity, while its sensors collect evidence-quality video and publicly available data to aid investigations. Bots also provide a unique guest experience through branded graphics, customer-selected voice for personalized voice broadcast messages, and improved access to emergency services.
As all investors turned to Nvidia's Q4 earnings this week for insight into the sector's direction, it's clear that the AI game is still in its infancy. It is growing at a pace beyond any expectations. OpenAI's ChatGPT crossed 1 million users in 5 days and according to the latest available data (December), ChatGPT currently has around 180.5 million users.
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