Recent Updates on Two Artificial Intelligence Stocks: DTS And YOJ

  • Jun 11, 2019 AEST
  • Team Kalkine
Recent Updates on Two Artificial Intelligence Stocks: DTS And YOJ

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:

  • Knowledge
  • Reasoning
  • Problem-solving
  • Perception
  • Learning
  • Planning
  • 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.

Updates

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.

Stock Performance

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

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.

Updates

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.

Stock Performance

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%.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK