Iveda's VumastAR AI Software Will Recognize Oil Spills For Safety Applications With Major Oil Companies In Australia And The U.S.
Portfolio Pulse from Benzinga Newsdesk
Iveda has announced the application of its AI vision software, vumastAR, to recognize oil spills for safety applications with major oil companies in Australia and the U.S. This technology is part of proof-of-concept projects aimed at enhancing safety in the oil and gas industry.
September 04, 2024 | 12:32 pm
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Iveda is deploying its AI software, vumastAR, to recognize oil spills, partnering with major oil companies in Australia and the U.S. This move could enhance Iveda's market position in the oil and gas industry.
Iveda's announcement of using its AI software for oil spill recognition with major oil companies indicates a strategic move into the oil and gas sector. This could lead to increased demand for their technology, positively impacting their stock price.
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