MNI - Market News

Widespread Utilization of AI Technology Continues with Households

Retrieved on: 
Monday, September 12, 2022

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Artificial intelligence is becoming more prevalent in households around the globe. According to AI Magazine, AI tech is already being used around the home in a variety of ways, including in products such as Smart Home Devices, Smart Locks, Remote Vacuum Cleaners as well as Virtual and Augmented Reality. These devices can be programmed to perform various functions: the robot vacuum for example, can be programmed to complete their cleaning tasks and navigation routes around the home. Smart vacuum cleaners need little to no assistance and some brands are even capable of emptying themselves. Additionally, the smart speaker technology has become quite prevalent in homes over the last several years. For instance, Amazon's Alexa and Google Home have accounted for the majority of the market share of the smart speaker segment in recent years. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Amazon.com, Inc. (NASDAQ: AMZN), NVIDIA Corporation (NASDAQ: NVDA), Alphabet Inc. (NASDAQ: GOOG)  

Key Points: 
  • Additionally, the smart speaker technology has become quite prevalent in homes over the last several years.
  • It is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia's Jetson Xavier AI platform.
  • BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
  • The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.

Widespread Utilization of AI Technology Continues with Households

Retrieved on: 
Monday, September 12, 2022

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Artificial intelligence is becoming more prevalent in households around the globe. According to AI Magazine, AI tech is already being used around the home in a variety of ways, including in products such as Smart Home Devices, Smart Locks, Remote Vacuum Cleaners as well as Virtual and Augmented Reality. These devices can be programmed to perform various functions: the robot vacuum for example, can be programmed to complete their cleaning tasks and navigation routes around the home. Smart vacuum cleaners need little to no assistance and some brands are even capable of emptying themselves. Additionally, the smart speaker technology has become quite prevalent in homes over the last several years. For instance, Amazon's Alexa and Google Home have accounted for the majority of the market share of the smart speaker segment in recent years. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Amazon.com, Inc. (NASDAQ: AMZN), NVIDIA Corporation (NASDAQ: NVDA), Alphabet Inc. (NASDAQ: GOOG)  

Key Points: 
  • Additionally, the smart speaker technology has become quite prevalent in homes over the last several years.
  • It is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia's Jetson Xavier AI platform.
  • BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
  • The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.

Widespread Utilization of AI Technology Continues with Households

Retrieved on: 
Monday, September 12, 2022

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Artificial intelligence is becoming more prevalent in households around the globe. According to AI Magazine, AI tech is already being used around the home in a variety of ways, including in products such as Smart Home Devices, Smart Locks, Remote Vacuum Cleaners as well as Virtual and Augmented Reality. These devices can be programmed to perform various functions: the robot vacuum for example, can be programmed to complete their cleaning tasks and navigation routes around the home. Smart vacuum cleaners need little to no assistance and some brands are even capable of emptying themselves. Additionally, the smart speaker technology has become quite prevalent in homes over the last several years. For instance, Amazon's Alexa and Google Home have accounted for the majority of the market share of the smart speaker segment in recent years. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Amazon.com, Inc. (NASDAQ: AMZN), NVIDIA Corporation (NASDAQ: NVDA), Alphabet Inc. (NASDAQ: GOOG)  

Key Points: 
  • Additionally, the smart speaker technology has become quite prevalent in homes over the last several years.
  • It is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia's Jetson Xavier AI platform.
  • BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
  • The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.

The Proliferation of Smart Speakers Expands to Household Management Services

Retrieved on: 
Wednesday, August 31, 2022

NEW YORK, Aug. 31, 2022 /PRNewswire/ -- Artificial intelligence as a service (AIaaS) is a young market that is projected to grow due to high demand across several industries. The technology is constantly evolving and can already be applied in segments like financial services, telecommunication, government agencies, retail and even home services. The popularity of AI technology is growing in large part to its ability to manage complex data-driven applications, such as text/content or speech recognition, which account for a large portion of its market share. Automatic speech recognition technology alone is projected to expand at a CAGR of 30% by 2028, owing to the wide adoption of smart speakers in various sectors, a report by Grand View Research clarifies. Smart speakers recognize speech and respond to the consumers in a predefined manner. E-Home Household Service Holdings Limited (NASDAQ: EJH), Amazon.com, Inc. (NASDAQ: AMZN), Teladoc Health, Inc. (NYSE: TDOC), Alphabet Inc. (NASDAQ: GOOG), Baidu, Inc. (NASDAQ: BIDU)

Key Points: 
  • Smart speakers are often used to control other smart devices with the user's voice, seamlessly making day-to-day tasks easier.
  • E-Home Household Service Holdings Limited(NASDAQ: EJH) announced yesterday breaking news that, "it has begun development of BAO TAO, a proprietary all-in-one home services tool meant to simplify daily household management.
  • BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
  • The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.

The Proliferation of Smart Speakers Expands to Household Management Services

Retrieved on: 
Wednesday, August 31, 2022

NEW YORK, Aug. 31, 2022 /PRNewswire/ -- Artificial intelligence as a service (AIaaS) is a young market that is projected to grow due to high demand across several industries. The technology is constantly evolving and can already be applied in segments like financial services, telecommunication, government agencies, retail and even home services. The popularity of AI technology is growing in large part to its ability to manage complex data-driven applications, such as text/content or speech recognition, which account for a large portion of its market share. Automatic speech recognition technology alone is projected to expand at a CAGR of 30% by 2028, owing to the wide adoption of smart speakers in various sectors, a report by Grand View Research clarifies. Smart speakers recognize speech and respond to the consumers in a predefined manner. E-Home Household Service Holdings Limited (NASDAQ: EJH), Amazon.com, Inc. (NASDAQ: AMZN), Teladoc Health, Inc. (NYSE: TDOC), Alphabet Inc. (NASDAQ: GOOG), Baidu, Inc. (NASDAQ: BIDU)

Key Points: 
  • Smart speakers are often used to control other smart devices with the user's voice, seamlessly making day-to-day tasks easier.
  • E-Home Household Service Holdings Limited(NASDAQ: EJH) announced yesterday breaking news that, "it has begun development of BAO TAO, a proprietary all-in-one home services tool meant to simplify daily household management.
  • BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
  • The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.

Demand for Comprehensive Cleaning Services Grow Post-Pandemic

Retrieved on: 
Friday, August 26, 2022

NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Due to the growing implementation of AI and automation in household equipment, the domestic robot market reached a high growth rate in recent years. For example, the development of machine vision cameras has rapidly expanded. As such, companies have begun using these 2D and 3D machine vision cameras with AI technologies to effectively map edges of various rooms and areas such as staircases, and to recognize obstacles, such as dustbins, and cables, doorsills, and rugs. Typically, a domestic robot is a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, or for various medical and disinfecting purposes. Such robots are usually autonomous in nature and are controlled by an integrated control system. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Chimerix, Inc. (NASDAQ: CMRX), Waste Management, Inc. (NYSE: WM), UiPath Inc. (NYSE: PATH) 

Key Points: 
  • Typically, a domestic robot is a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, or for various medical and disinfecting purposes.
  • E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Chimerix, Inc. (NASDAQ: CMRX), Waste Management, Inc. (NYSE: WM), UiPath Inc. (NYSE: PATH)
    Since the pandemic began, demand for cleaning robots has increased, as did demand for disinfection services.
  • The pandemic has made sanitation more important than ever, exponentially accelerating the demand for residential cleaning services.
  • YouYou is a leading cleaning services provider and a member enterprise at Fujian Province Cleaning Industry Association.

Demand for Comprehensive Cleaning Services Grow Post-Pandemic

Retrieved on: 
Friday, August 26, 2022

NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Due to the growing implementation of AI and automation in household equipment, the domestic robot market reached a high growth rate in recent years. For example, the development of machine vision cameras has rapidly expanded. As such, companies have begun using these 2D and 3D machine vision cameras with AI technologies to effectively map edges of various rooms and areas such as staircases, and to recognize obstacles, such as dustbins, and cables, doorsills, and rugs. Typically, a domestic robot is a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, or for various medical and disinfecting purposes. Such robots are usually autonomous in nature and are controlled by an integrated control system. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Chimerix, Inc. (NASDAQ: CMRX), Waste Management, Inc. (NYSE: WM), UiPath Inc. (NYSE: PATH) 

Key Points: 
  • Typically, a domestic robot is a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, or for various medical and disinfecting purposes.
  • E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Chimerix, Inc. (NASDAQ: CMRX), Waste Management, Inc. (NYSE: WM), UiPath Inc. (NYSE: PATH)
    Since the pandemic began, demand for cleaning robots has increased, as did demand for disinfection services.
  • The pandemic has made sanitation more important than ever, exponentially accelerating the demand for residential cleaning services.
  • YouYou is a leading cleaning services provider and a member enterprise at Fujian Province Cleaning Industry Association.

Cutting-Edge Technology Dampens Bitcoin Energy Demands

Retrieved on: 
Friday, August 19, 2022

NEW YORK, Aug. 19, 2022 /PRNewswire/ -- The cryptocurrency market is ever-evolving and growing more complex. Now, government agencies are pushing for more regulations because of how popular digital currencies have become. According to the New York Times, cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation. Now, federal regulators are racing to address the potential risks for consumers and financial markets. Yet, digital currencies are more widely used than ever before. Just recently, Mercado Libre (MELI), Latin America's largest e-commerce company by market cap, started rolling out its own cryptocurrency in Brazil. Mercado Libre expects the cryptocurrency to be available to its 80 million users in Brazil by the end of August, and said it plans to introduce it in other countries "soon," without providing further details. SAI.TECH Global Corporation (NASDAQ: SAI), Coinbase Global, Inc. (NASDAQ: COIN), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), PayPal Holdings, Inc. (NASDAQ: PYPL)

Key Points: 
  • One of the major reasons for this is that a Bitcoin payments are faster, cheaper, safer and less volatile than the local currencies in many countries.
  • For example, by the latest estimates, the Bitcoin network uses as much energy in one year as the country of Argentina.
  • SAI.TECH Global Corporation(NASDAQ: SAI) announced yesterday breaking news that, "it has recently launched SAIHUB APP 1.1, which supports Bitcoin Lightning Network.
  • The Bitcoin network is designed to be decentralized and secure by recording ledgers on every Bitcoin node.

Cutting-Edge Technology Dampens Bitcoin Energy Demands

Retrieved on: 
Friday, August 19, 2022

NEW YORK, Aug. 19, 2022 /PRNewswire/ -- The cryptocurrency market is ever-evolving and growing more complex. Now, government agencies are pushing for more regulations because of how popular digital currencies have become. According to the New York Times, cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation. Now, federal regulators are racing to address the potential risks for consumers and financial markets. Yet, digital currencies are more widely used than ever before. Just recently, Mercado Libre (MELI), Latin America's largest e-commerce company by market cap, started rolling out its own cryptocurrency in Brazil. Mercado Libre expects the cryptocurrency to be available to its 80 million users in Brazil by the end of August, and said it plans to introduce it in other countries "soon," without providing further details. SAI.TECH Global Corporation (NASDAQ: SAI), Coinbase Global, Inc. (NASDAQ: COIN), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), PayPal Holdings, Inc. (NASDAQ: PYPL)

Key Points: 
  • One of the major reasons for this is that a Bitcoin payments are faster, cheaper, safer and less volatile than the local currencies in many countries.
  • For example, by the latest estimates, the Bitcoin network uses as much energy in one year as the country of Argentina.
  • SAI.TECH Global Corporation(NASDAQ: SAI) announced yesterday breaking news that, "it has recently launched SAIHUB APP 1.1, which supports Bitcoin Lightning Network.
  • The Bitcoin network is designed to be decentralized and secure by recording ledgers on every Bitcoin node.

Pioneers Tackle Environmental Concerns Arising from Energy Consumption

Retrieved on: 
Tuesday, August 9, 2022

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The united political front fighting against greenhouse gas emissions and championing renewable energy has marked a victory this week. Senate Democrats delivered a major win for President Biden on Sunday, passing a bill that will devote hundreds of billions of dollars to clean energy sources and speed the U.S. transition away from fossil fuels. According to a report by Politico, The Inflation Reduction Act would accelerate U.S. emission cuts and put the country on a path to reduce greenhouse gases by 40% below 2005 levels by 2030, significantly narrowing the gap with the goal that was previously set under the Paris climate agreement. Most importantly, the bill includes USD 369 Billion in climate and energy provisions that will transform how Americans get their energy and shape the country's climate and industrial policy for decades. SAI.TECH Global Corporation (NASDAQ: SAI), Coinbase Global, Inc. (NASDAQ: COIN), Riot Blockchain, Inc. (NASDAQ: RIOT), Hut 8 Mining Corp. (NASDAQ: HUT), HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE)

Key Points: 
  • Most importantly, the bill includes USD 369 Billion in climate and energy provisions that will transform how Americans get their energy and shape the country's climate and industrial policy for decades.
  • By recent estimates, the Bitcoin network uses as much energy in one year as the country of Argentina.
  • SAIHUB is equipped with patented liquid cooling technology which replaces hundreds of fans with circulation pumps in most traditional air-cooled miners to reduce chip cooling's energy consumption and improve cooling reliability.
  • "As energy demand in ERCOT reached all-time highs this past month, the Company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas.