Iveda Unveils the Magic of IvedaAI™: An Industry First in Human-Like, Compute-Efficient AI Video Analytics
Iveda® (NASDAQ:IVDA) today announces the future of video analytics technology with IvedaAI™, delivering an intuitive, human-like AI experience that is nothing short of magic. Building on over two decades of innovation in video surveillance, machine learning, and AI, updates to IvedaAI will usher in a new era of ground-breaking video intelligence.
IvedaAI combines core object recognition models with proprietary, tuned Large Language and Vision Language Models (LLMs and VLMs) to unlock near-limitless possibilities for complex video detection, search and alerts.
"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."
The next era of IvedaAI will be available in beta this January 2025 with full roll-out following in Spring 2025. This update redefines ease of use with a conversational virtual assistant and platform intelligence that will automatically discover cameras, map them to the VMS, and automatically configure analytics functions with a new smart scene scan. This automated intelligence enables accelerated deployment at thousand-camera plus scale for smart city and large-scale operational deployments.
"AI has been at the heart of IvedaAI since its inception in 2015—long before it became the industry trend," 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. We continue to stay ahead of the curve, delivering a solution that is robust, feature-rich, and adaptable across environments—from cloud and edge devices to Kubernetes and SaaS. IvedaAI is the most intelligent, flexible and cost-effective solution available today."
IvedaAI Transforms Smart Cities, Educational Campuses, Retail, and More
- Smart Cities: IvedaAI helps cities monitor traffic and enhance safety, with rich accident detection and intersection, freeway and traffic data, to improve traffic flow, increase road safety, reduce the liability burden, reduce traffic analysis costs and speed up emergency response.
- Educational Campuses: IvedaAI boosts school security with advanced detection that distinguishes between events (like a pep rally vs. a fight), minimizes false alarms, and offers genAI-boosted weapon detection to keep students and staff safe.
- Retail: IvedaAI's user-friendly interface to track inventory and retail operations, study store traffic patterns, and allow staff to set up custom security alerts with an intuitive chat interface, such as "person in a red hoodie and black jeans with a blue tote bag lingering at the entrance."
IvedaAI's orchestrated video intelligence eliminates the need to train new models for unique applications, detecting behaviors as diverse as livestock tracking to materials inspection to process or inventory monitoring. This adaptability continues to redefine how cities and organizations can leverage AI.
IvedaAI™ is here to redefine what AI can do for you. Inquire about the beta at [email protected].
About Iveda Solutions®
Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda's technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA".
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113756933/en/