The artificial intelligence boom shows no signs of cooling off. In fact, the AI story, which could be worth about $1.8 trillion by 2030, is just getting started. Even better, analysts at Bank of America say AI is on the brink of an “iPhone moment” and could boost the global economy by $15.7 trillion in seven years. "We are at a defining moment - like the internet in the '90s - where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution," said the firm, as quoted by Business Insider. To potentially profit from the AI story, investors are piling into companies that are building AI hardware, developing AI solutions, or creating new AI tools to make better products, and even create better efficiencies. All of which is beneficial for stocks, including Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR), C3.AI Inc. (NYSE: AI), Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Palantir Technologies (NYSE: PLTR).
Look at Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR), For Example
Nextech3D.AI, a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the Company has successfully executed the first end-to-end demonstration in the real-world of its “FIXED POINT DIFFUSION FOR ROBUST 2D TO 3D CONVERSION” technology to be used for e-commerce. Nextech3D.ai uses fixed-point diffusion for learning to construct 3D models from 2D reference photos as was described in a recently filed provisional patent.
Watch a video showcasing Fixed Point Diffusion technology for 2D to 3D conversion: click here
Diffusion models provide a solution for creating 3D models from 2D reference photos, either as a whole, or part-by-part by evolving differentiable, deformable templates to convert into 3D parts, conditioned on one or more reference photos of the part. Fixed-point diffusion builds on that idea and ensures the resulting final mesh has clean, predictable quad topology suitable for further editing and rendering. As previously announced, over the last several years Nextech3D.ai has been building tens of thousands of high-quality, fully textured, 4K photo-realistic 3D assets, with millions of individual parts. These 3D parts get harvested into Nextech3D.ai’s “3D parts library”, synthetically rendering them from random views, and using them to train new diffusion models that are able to autonomously reconstruct 3D mesh parts from reference photos.
In March of this year, the Company announced it had filed a pivotal patent protecting this technology, titled “Fixed-point diffusion for robust 2D to 3D conversion and other applications.” This patent builds on the Company’s previous patents filed. Earlier in 2023, a patent was filed titled “Generative AI for 3D Model Creation from 2D Photos using Stable Diffusion with Deformable Template Conditioning”, and late last year the Company filed a patent for creating complex 3D models by parts. The game-changing AI technology underpinning these patents places the Company in a leadership position in the 3D modeling for e-commerce space and positions the Company to generate significant revenue acceleration and cash flow in 2023 and beyond.
Nextech3D.ai is rapidly becoming the dominant 3D model supplier in the 2D photo -3D models transformation happening in the $5.5 trillion global e-commerce industry estimated to be worth $100 billion.
Nima Sarshar, Chief Technology Officer of Nextech3D.ai commented, "We are very proud to demonstrate the first end-to-end real world demonstration of our fixed point diffusion technology for e-commerce. With the development of our fixed-point diffusion models, we are able to offer a new reliable, and innovative way to generate 3D models at scale from 2D reference photos. Our recent patent applications and speedy developments based on them, showcase our laser-focused determination to drive innovation in the field of generative AI for 3D.”
Other related developments from around the markets include:
C3.AI Inc. announced financial results for its fiscal fourth quarter and full fiscal year ended April 30, 2023. As noted by the company, “We believe it is generally agreed today that the market for enterprise AI applications is substantially larger and growing at a much greater growth rate than experts predicted. C3 AI has been at the vanguard of the enterprise AI market for over a decade as that market has developed from its roots in IoT, to unsupervised learning, supervised learning, NLP, deep learning, reinforcement learning, and now generative AI. The interest in applying AI to business processes is more active than we've ever seen.”
Nvidia reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09, down 20% from a year ago and up 24% from the previous quarter. “The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.
Advanced Micro Devices announced the AMD Radeon RX 7600 graphics card, optimized to provide next-generation, high-performance 1080p gaming, streaming and content creation with stunning visual fidelity. The AMD Radeon RX 7600 graphics card is built on the groundbreaking AMD RDNA™ 3 architecture, featuring redesigned compute units with unified raytracing and AI accelerators and second-generation AMD Infinity Cache technology. Designed to deliver incredible 1080p gaming experiences, the Radeon RX 7600 graphics card provides an ideal upgrade for legions of gamers.
Palantir Technologies, a leading builder of operating systems for the modern enterprise, and C&A Modas S.A, one of the largest retail chains in the fashion world, announced the development of an Integrated Management Flow system using the Palantir Foundry platform. The software helps increase C&A's ability to reinforce assertiveness and speed of inventory through alerts regarding restocking products in their portfolio of best-selling pieces, optimizing the company's supply chain. "We are the first Brazilian fashion retail brand to rely on this artificial intelligence technology. The flow developed allowed us to optimize and speed up the entire purchase process: from the initial planning, to sending the products to the stores. Among the significant gains, I'd highlight the increase of sales of products that were in stock and the reduction of unnecessary overstock," said Bruno Ferreira, Planning and Business Intelligence Director for C&A Brazil.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains 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 by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Nextech3D.AI by Nextech3D.AI. We own ZERO shares of Nextech3D.AI. Please click here for disclaimer.
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