The rapid advancement of artificial intelligence (AI) is leading to the development of increasingly human-like AI systems, capable of mimicking human conversation, actions, emotions, and even creativity.
Iveda (NASDAQ: IVDA), a cloud-based AI technology company, is leading the charge with the announcement of a major advancement in video analytics with the launch of IvedaAI.
Announced in November, the innovative platform promises to revolutionize video intelligence by combining object recognition with advanced language models, delivering an intuitive, human-like AI experience.
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Building on over two decades of experience in video surveillance and AI, IvedaAI looks to offer a powerful and cost-effective solution for a wide range of applications.
By integrating Large Language Models (LLMs) and Vision Language Models (VLMs) with core object recognition, IvedaAI unlocks near-limitless possibilities for complex video detection, search, and alerts, according to Iveda.
“Like magic, IvedaAI is both extraordinarily scalable and cost-efficient.” said David Ly, CEO of Iveda, “Others may attempt to apply open AI models to video analytics. IvedaAI stands alone in combining accurate object-based models with tuned generative AI to provide unmatched accuracy across a boundless array of security, safety and operational applications. We embed this next generation video intelligence in a compute efficient architecture that translates to the most robust offering at the lowest cost possible.”
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The updated IvedaAI platform will be available in beta in January, with a full rollout expected in Spring 2025.
It features a conversational virtual assistant and enhanced platform intelligence that automates camera discovery, mapping, and analytics configuration. This streamlined approach enables rapid deployment for large-scale projects, such as smart cities and expansive operational environments.
“AI has been at the heart of IvedaAI since its inception in 2015,” said Richard Tsay, Director of Product Development at Iveda. “Our engineering team has achieved something truly magical, creating a platform that balances compute efficiency with the power of generative AI.”
IvedaAI is poised to transform various sectors, including:
- Smart Cities: Enhancing traffic monitoring, accident detection, and emergency response.
- Educational Campuses: Boosting security with advanced event detection and weapon detection capabilities.
- Retail: Providing user-friendly interfaces for inventory tracking, customer behavior analysis, and customized security alerts.
With its adaptability and ease of use, IvedaAI eliminates the need for specialized model training for unique applications, making it a versatile and cost-effective solution for a wide range of industries.
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