Canon Leans on A.I. for Innovation in the Camera Biz
Canon ranked among the top holders of U.S. patents in 2017, beating out Intel, Google, and Amazon. The camera company placed a focus on intellectual property, using imaging technology to drive innovation across industries including business solutions, manufacturing, and medical technology.
Robert Pignataro, Director of New Business for Imaging Technologies & Communications Group at Canon, joined us to share how the company is innovating in the camera business. There are some Canon patents consumers interact with on a daily basis without even realizing. He said every time we turn on the TV, we see the result of their cinema line. The company received a technical Emmy last year for its Cinema U.S. lenses.
A.I. is a big part of Canon's industrial focus. Pignataro said Canon has become more of a software company to help encompass the strength of its hardware. It’s not just cameras. He said innovation in its printing segment has been key as well.
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Jay Hatfield, Chief Investment Officer at Infrastructure Capital Management, joined Closing Bell to break down the big factors leading to this latest market meltdown, as inflation and an upcoming Fed policy decision affect investor sentiment.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.
