With a lot of misinformation, artificial intelligence (AI) has become an essential tool to decipher the necessary data. With it, businesses and governments can deploy AI probability algorithms to make smarter decisions by predicting possible outcomes, and help provide another layer of defense against terrorism, pandemics, crises, and help to highlight social trends, competitors and new audiences as much as possible. In fact, according to Innovative Enterprise, “Analytics to leverage insights that can improve business performance is the primary goal of data collection, but many companies lack staff with the right skills to do it. TO DO”. Some of the best companies to watch with this development include Datametrex AI Ltd. (TSXV: DM) (OTC: DTMXF), Palantir Technologies Inc. (NYSE: PLTR), Meta Platforms Inc. (NASDAQ: PLTR), Twitter Inc. (NYSE: TWTR), and Alphabet Inc. (NASDAQ:GOOG).
To look at Datametrex AI (TSXV: DM) (OTCQB: DTMXF), for example
Datametrex AI just announced that its wholly owned subsidiary, Nexalogy Environics Inc., is continuing to work on the second phase of its $40 million artificial intelligence project (AI) works under government contract and is on track for expected completion in March 2023.
This stage of work is part of a multi-phase $40 million Canadian AI project previously announced on January 13, 2022. The first phase of this contract was successfully completed as previously announced on March 31, 2022, followed by the government’s audit, which was authorized to proceed to the next phase.
The company’s Nexalogy automated social media reporting technologies are the main driver of the second stage. Due to confidentiality requirements, the Company is not permitted to provide further details of the contract and scope of work.
“This continued work signifies strong confidence in our cybersecurity technology as we continue to achieve new milestones. We are proud of our ability to maintain a technical edge in social media and cybersecurity and are pleased that the Canadian government has as much confidence in our technology as we do. As we continue to develop Datametrex, we are excited to do our part to help Canada’s defense and cybersecurity,” said Marshall Gunter, CEO of the company.
Other related market developments include:
Palantir Technologies Inc. announced that it will expand its work with the U.S. Army Research Lab to implement data and artificial intelligence (AI)/machine learning (ML) capabilities for users across combat commands ( COCOM). The contract totals $99.9 million over two years. Palantir first partnered with the Army Research Lab to provide those on the front lines with cutting-edge operational data and AI capabilities in 2018. Palantir’s platform supported the integration, management and deployment of relevant data and AI model training for all. armed forces, COCOMs and special operators. This extension extends Palantir’s operational RDT&E work to more users worldwide.
Meta Platforms Inc. released its financial results for the quarter ended June 30, 2022. “It was good to see a positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI,” said Mark Zuckerberg, founder and CEO of Meta. “We are devoting increased energy and focus to our key business priorities that unlock short- and long-term opportunities for Meta and the people and businesses that use our services.”
Twitter Inc. announced its financial results for its second quarter of 2022. Average monetizable daily active use in the second quarter was 237.8 million, up 16.6% from the second quarter of the previous year. The average US mDAU was 41.5 million for the second quarter, up 14.7% from the second quarter a year earlier. The international mDAU average was 196.3 million for the second quarter, up 17.0% from the second quarter of the previous year. Second-quarter revenue totaled $1.18 billion, down 1% year-over-year.
Alphabet Inc. announced the completion of its acquisition of Mandiant, Inc., a recognized leader in dynamic cyber defense, threat intelligence and incident response services. Mandiant will join Google Cloud and retain the Mandiant brand. Google and Mandiant share a long-standing commitment to industry-leading security. Over the past two decades, Google has innovated to build some of the most secure computing systems in the world. Google Cloud customers and partners benefit from these pioneering security features, including world-class threat intelligence, zero-trust architecture, and global analytics for security operations. Mandiant, known for providing unparalleled front-line expertise and cutting-edge threat intelligence, is a proven first responder to the world’s largest cybersecurity incidents. Mandiant’s services, delivered by their team of security and intelligence specialists in 22 countries, are widely recognized for helping large businesses and organizations prepare for and respond to cybersecurity incidents.
Disclaimer / Except for historical information presented herein, the matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied. -understood by these statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide or purport to provide investment advice or recommendations to readers of this release. To make specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash compensation. Pursuant to an agreement, Winning Media was paid three thousand five hundred dollars for advertising and marketing services for Datametrex AI Ltd. by a third party. We own NO shares of Datametrex AI Ltd. Please click here for the full disclaimer.