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Global Neural Processor Market to Reach $0.7 Billion by 2030, Driven by AI Adoption and Machine Learning Acceptance

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DUBLIN, Feb. 21, 2024 /PRNewswire/ — The “Neural Processor Market Report: Trends, Forecast and Competitive Analysis to 2030” report has been added to  ResearchAndMarkets.com’s offering.

The global neural processor market is set to witness significant growth, with a projected compound annual growth rate (CAGR) of 18.9% from 2024 to 2030. A recent study reveals the market to potentially reach a valuation of $0.7 billion by the end of the decade, emphasizing opportunities spanning across various sectors such as BFSI, healthcare, retail, and defense.

Major factors propelling this advancement include the rapid adoption of Artificial Intelligence (AI) to minimize operating expenses and improve customer services, alongside a growing acceptance of machine learning techniques driving industry transformation. The integration of neural processors in diverse applications from fraud detection to financial forecasting and image optimization is further expected to bolster market growth.

The comprehensive analysis segmented the neural processor market by application and end-use industry. Notably, fraud detection is anticipated to remain the prevailing segment due to its critical role in securing digital transactions across numerous sectors.

In geographical terms, the Asia Pacific (APAC) region is forecasted to experience the most significant growth. This anticipated surge is attributed to the wide-ranging application of neural processors across industries like agriculture, aviation, and entertainment. The region is also experiencing a notable rise in deep learning popularity, triggering a surge of investment into machine learning and AI infrastructure development.

Neural Processor Market Dynamics and Competitive Landscape

The competitive analysis indicates a robust competitive environment, with companies focusing on expanding manufacturing facilities, escalating research and development investments, and leveraging integration opportunities across the value chain. These strategic endeavors are aimed at catering to growing demand, enhancing competitive effectiveness, pioneering new technologies, curbing production costs, and widening customer bases.

Emerging Trends and Predicted Market Developments

Emerging market trends and customer demands underline the dynamic nature of the neural processor industry. As the technological landscape evolves, so too does the necessity for advanced computing capabilities. The study dedicates a section to recent industry developments, outlining the significant endeavors by key industry players who are shaping the future of neural processors.

Moreover, the report presents a strategic analysis, including mergers and acquisitions, new product development, and a portrayal of the competitive landscape based on Porter’s Five Forces model.

Key Topics Covered:

1. Executive Summary

2. Global Neural Processor Market : Market Dynamics

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)

3.2. Global Neural Processor Market Trends (2018-2023) and Forecast (2024-2030)

3.3: Global Neural Processor Market by Application

3.3.1: Fraud Detection

3.3.2: Hardware Diagnostics

3.3.3: Financial Forecasting

3.3.4: Image Optimization

3.3.5: Other Applications

3.4: Global Neural Processor Market by End Use Industry

3.4.1: BFSI

3.4.2: Healthcare

3.4.3: Retail

3.4.4: Defense Agencies

3.4.5: Media

3.4.6: Logistics

3.4.7: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

4.1: Global Neural Processor Market by Region

4.2: North American Neural Processor Market

4.2.2: North American Neural Processor Market by End Use Industry: BFSI , Healthcare , Retail , Defense Agencies , Media , Logistics , and Others

4.3: European Neural Processor Market

4.3.1: European Neural Processor Market by Application: Fraud Detection , Hardware Diagnostics , Financial Forecasting, Image Optimization , and Other Applications

4.3.2: European Neural Processor Market by End Use Industry: BFSI , Healthcare , Retail , Defense Agencies , Media , Logistics , and Others

4.4: APAC Neural Processor Market

4.4.1: APAC Neural Processor Market by Application: Fraud Detection , Hardware Diagnostics , Financial Forecasting, Image Optimization , and Other Applications

4.4.2: APAC Neural Processor Market by End Use Industry: BFSI , Healthcare , Retail , Defense Agencies , Media , Logistics , and Others

4.5: ROW Neural Processor Market

4.5.1: ROW Neural Processor Market by Application: Fraud Detection , Hardware Diagnostics , Financial Forecasting, Image Optimization , and Other Applications

4.5.2: ROW Neural Processor Market by End Use Industry: BFSI , Healthcare , Retail , Defense Agencies , Media , Logistics , and Others

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Operational Integration

5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Neural Processor Market by Application

6.1.2: Growth Opportunities for the Global Neural Processor Market by End Use Industry

6.1.3: Growth Opportunities for the Global Neural Processor Market by Region

6.2: Emerging Trends in the Global Neural Processor Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of the Global Neural Processor Market

6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Neural Processor Market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

7.1: Samsung Electronics

7.2: HRL Laboratories

7.3: Applied Brain Research

7.4: Aspinity

7.5: Bitbrain Technologies

7.6: Halo Neuroscience

7.7: General Vision

7.8: BrainChip

7.9: BrainCo

7.10: Hewlett Packard Enterprise Development

For more information about this report visit https://www.researchandmarkets.com/r/2yxnh9

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

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The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

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