Artificial Intelligence is an area of computer science that lays emphasis on creating intelligent machines that perform work like human beings and react like them. The computers with AI are designed for the purpose of speech recognition, learning planning, problem-solving and many more.
The research related to AI is highly technical and specialized. The core challenge of AI is to program the computers which have the below characteristics:
- Ability to manipulate and move objects
The knowledge engineering forms an essential part of AI research. It is so because the machines act as well as react like a human being only if they have enough knowledge. Machine learning also forms an important part of the AI. Machine learning provides the system, the ability to learn, as well as improve from experience automatically without being programmed. Machine learning uses historical data and based on that helps in predicting future followed by data-backed business planning.
The recent updates on the two AI stocks Dragontail Systems Limited and Yojee Limited are as follows:
Dragontail Systems Limited
Dragontail Systems Limited (ASX: DTS) is a company that belongs to the information technology sector and is revolutionizing the Quick Service Restaurant (QSR), as well as foodservice industry through its Algo System and computer-vision QT quality system which uses artificial intelligence (AI) machine learning.
On 7 June 2019, Dragontail Systems announced that it was able to install more than 250 new stores during May 2019. With these 250 new installations, the company’s total installations at present are above 1,500 stores. Each of these stores across the world operates with the flagship product of the company, the ALGO Dispatching Platform and the (AI) Artificial Intelligence QT Camera.
Mr Ido Levanon, the Managing Director of Dragontail, considers this milestone very significant and exciting as it reflects the accelerated growth and at the same time validates the company’s product. It also shows the trust of the customers on the company’s product.
As per the company’s announcement on 29 May 2019, the company had completed the nationwide rollout of its Artificial Intelligence (AI) quality control Camera in above 800 stores across Australia and New Zealand. At Domino’s Pizza stores, the quality control camera as “DOM Pizza Checker” was set for improving the product quality and consistency across all the stores in Australia as well as New Zealand.
The shares of DTS have generated a negative YTD return of 2.56 percent. DTS holds a market cap of A$49.6 million and ~ 248 million outstanding shares. The stock of the company last traded on 7 June 2019, at a price of A$0.190.
Yojee Limited (ASX: YOJ) is an artificial intelligence company from the IT sector, which has launched new methods of working, communicating, as well as collaborating within the logistics industry.
Through its best-in-class logistics software, the company uses Artificial Intelligence (AI) and Machine Learning for optimizing as well as managing delivery operations. The company helps small and medium enterprises with the ability to achieve cost efficiencies, which the big players in the industries have enjoyed earlier. It helps large multinationals to switch into the digital age in an effortless manner.
Recently, the company made two big announcements. The first being David Morton appointed to the Advisory Board team. David Morton holds experience as a corporate Banker and has forty years of work experience at Westpac and HSBC. He is the former Managing Director, Head of Corporate, Financials and Multinationals Banking, APAC at global financial leader HSBC. Also, he carries strong, reliable leadership skills across a wide range of businesses, geographies as well as cultures.
The second announcement made by the company was the master services agreement with global logistics provider Geodis Singapore Pte Ltd. As per the agreement, the company would be providing its SaaS logistics and supply chain management technology that will depend on the project by project basis on standard commercial terms over the period of three years.
GEODIS is one of the best global supply chain operators. It is known for its passion and promise to help its customers to come out of any challenges related to logistics.
Besides, in Q3 FY2019 period, the company after the technology upgradation in 2018, continued to increase its new customer and delivery numbers as well as growing the global key accounts pipeline which shows that the company can scale further. During the period, the company had used A$1.350 million in its operating activities.
YOJ has a market cap of A$88.98 million and approximately 847.44 million outstanding shares. The stock of the company is currently trading at A$0.100 (as on 11 June 2019, 12:41 PM AEST)), down by 4.762%.
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