NUAN - AI Eye Podcast 544
Point Roberts, WA and Vancouver, BC - April 14, 2021 (Investorideas.com Newswire) Investorideas.com ( www.investorideas.com ), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.
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AI Eye Podcast 544: Stocks discussed: (NasdaqGS: ) (NasdaqGS: )
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:NUAN) (ASX:BRN)
Microsoft ( NasdaqGS:MSFT ) has entered into a definitive agreement to acquire cloud and AI software leader Nuance Communications, Inc. ( NasdaqGS:NUAN ) This comes as part of Microsoft's industry-specific cloud strategy, enhancing the Microsoft Cloud for Healthcare with Nuance's solutions and expertise. Satya Nadella, Microsoft's CEO, explained:
"Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI. AI is technology's most important priority, and healthcare is its most urgent application. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate growth of Microsoft Cloud in Healthcare and Nuance."
BrainChip Holdings Ltd ( ASX:BRN ) has begun volume manufacturing of its Akida AKD1000 neuromorphic processor chip for edge AI devices. Peter van der Made, BrainChip's CEO, explained:
"I am grateful to our engineering team, who worked hard over the past eight months to release the Akida technology for volume production, and to our EAP customers that have helped lead us to market readiness. This move to manufacturing is a major milestone for BrainChip and for the industry at large as the first realistic opportunity to bring AI processing capability to edge devices for learning, enabling personalization of products without the need for retraining."
Global AI in Healthcare to Reach $27.2B by 2025
A report published by Research and Markets finds that the global AI in Healthcare market is projected to grow from $4.2 billion in 2020 to $27.2 billion by 2025 with a compound annual growth rate (CAGR) of 45.3 percent in the forecast period 2020-2025. An excerpt from the report description reads:
"[A] ...major factor fueling the market growth currently is the adoption of this technology by multiple pharmaceutical and biotechnology companies across the world to expedite vaccine or drug development processes for COVID-19. Artificial intelligence in healthcare is one of the most important scientific advancements in medicine so far. The participation of several start-ups in the development of AI-driven imaging and diagnostic solutions is a key factor contributing to the growth of the sector."
Sam Mowers, Investorideas.com
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