(via NewsDirect)
This year will be a pivotal year for the future of AI, as researchers and enterprises seek to establish how this evolutionary leap in technology can be most practically integrated into our everyday lives.
With the growing popularity of consumer generative AI programs like Google’s Bard and OpenAI’s ChatGPT, the generative AI market is poised to explode, growing to
For investors looking for unconventional opportunities in AI with the potential for long-term growth, one company that stands out is
The company is on an ambitious mission to make homes and buildings smart, advanced, and safe as the new standard by leveraging its proprietary patented platform technologies for smart home and electrical installations, including its new game-changing all-in-one smart home platform technology.
SKYX’s smart home game-changing technologies have won seven CES awards (Consumer Electronic Shoe) in the past 12 months.
SKYX’s disruptive high-end all-in-one smart platform enables new and existing homes or buildings to become smart instantly, while significantly simplifying, saving time-cost and lives.
This is possible for the first time in history thanks to the firm's patented technology called Sky Plug-Smart, which is designed for “plug and play” installation of weight-bearing electronics such as light fixtures, ceiling fans, and other electrical products. The plug fits into SKYX’s ceiling receptacle, called the SKYreceptacle, which provides a novel way for home and building owners to wire electrical outlets.
While it is not Nvidia’s new AI chips, this is revolutionary, and its unique location on the ceiling will maximize the performance of AI chips among other smart home integrated products and software.
Base on its safety aspects for first time in 120 years, the definition of the electrical receptacle was changed in the NEC Code Book to include the Sky Ceiling Receptacle, and this could perhaps be the most significant addition to the NEC Code in the past 40 years.
To put that in better context, consider this: Safety is a major area of concern when it comes to electrical and smart home installation, and existing data shows that the wiring of light fixtures and ceiling fans results in millions of hazardous annual installations. In fact, research conducted from 2015 to 2019 by the
The sky receptacle creates a new electrical ceiling safety standard that limits potential exposure to wires by cutting down on 80% of the time needed to touch wires during the first installation and completely eliminating the need to touch outlet electrical wires after the first installation. It also saves approximately 90% of the time on a ladder.
ANSI / NEMA (
With all these professional bodies giving SKYX a nod of approval, it’s easy to see why its proprietary technology could become the new standard for home and building electrical installation and also instrumental in helping the company make inroads in AI.
The SkyPlug and Receptacle are the foundations that create a platform for all fixture types and integration possibilities. Think smoke and carbon monoxide detectors, premium smart speakers, color-changing room ambiance and night lights, emergency internet, house intercom features, and more. All these products can then be linked to the SkyHome application that works with both iPhones and Android phones to control features and specifications of connected devices, such as scheduling and eco/energy-saving mode. It also integrates with AI home assistants Siri, Alexa,
Mobileye recently released the 4Q23 results with a number of interesting highlights. The results were mostly in line with prior guidance, as the top line grew 13% from the prior year to
Unsurprisingly, SuperVision volumes in 4Q23 came in at 38,000 units, up from 29,000 in 3Q23, but what perhaps stood out the most was that Mobileye managed to significantly diversify its revenues from predominantly Chinese and electric vehicle customers to a wide range of OEMs in terms of geography.
To better illustrate this opportunity, a recent report revealed that Klarna’s AI assistant was reportedly able to handle two-thirds of customer queries in its first month, the equivalent of 700 full-time agents, with preliminary estimates indicating that this could lead to a
Taking the recent popularity of voice assistants with conversational abilities into consideration, the company’s December acquisition of SYNQ3, a leading voice AI solutions provider in the restaurant industry, ties well with SoundHound’s long-term AI strategy and should further drive revenue growth. Major companies in the restaurant and automotive industries have already shown increasing interest in
In fact, the company reported revenue growth of 80% year over year in Q4 23, an acceleration over the previous quarter's 19% growth rate, while it posted a gross margin of 77% in the period, up from 71% in the prior-year period. Despite the recent pullback in SoundHound’s stock, the company's share price is still up roughly 183% in 2024 following soaring demand for the company's AI voice solutions, in addition to the news that AI chip leader
CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by
Contact Details
CapitalGainsReport
+1 585-301-7700
markrmckelvie@gmail.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source