Borqs Technologies To Develop Edge AI-Enabled Smart Watch For The U.S. Market
Portfolio Pulse from Benzinga Newsdesk
Borqs Technologies is developing an edge AI-enabled smart watch for the U.S. market. The smart watch is designed to assist seniors and has sufficient computational power for machine learning and AI. The North America Smart Watch Market is expected to grow from USD 39.75 billion in 2023 to USD 85.71 billion by 2028, at a CAGR of 16.61%.
July 17, 2023 | 1:03 pm
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POSITIVE IMPACT
Borqs Technologies' development of an AI-enabled smart watch for the U.S. market could potentially increase its market share and revenues, given the expected growth of the smart watch market.
The development of an AI-enabled smart watch by Borqs Technologies is directly related to its product portfolio and potential revenue growth. Given the expected growth of the smart watch market in North America, this development could have a positive impact on the company's stock price in the short term.
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IMPORTANCE 80
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