Point Roberts, WA and Vancouver, BC – October 25, 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 618: Stocks discussed: (NYSE: $TDC) (TSXV: DM)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:TDC) (TSXV:DM)
Teradata Corporation (NYSE:TDC) and AI cloud company H2O.ai have announced the integration of H2O AI Hybrid Cloud, the latter’s state-of-the-art AI platform, with Vantage, Teradata’s multi-cloud data platform. This, according to the press release, will allow the two firms’ customers to “quickly and easily make, deploy, and operate AI solutions that solve business problems and drive business value.” Sri Ambati, Founder and CEO at H2O.ai, said:
“Customers tell us that disconnected data, analytics and AI platforms slow down their AI initiatives. The integration of H2O AI Hybrid Cloud with Teradata Vantage provides seamless alignment between the platforms, unifying data stores of all kinds, analytics and AI, so our customers can rapidly access more data to inform new insights that result in more accurate and informed business decisions.”
Datametrex AI Limited (TSXV:DM) has been selected into the final round in the bidding process under a Requests for Proposals (RFP) on an Artificial Intelligence contract in Canada. The fully realized contract is worth approximately $40 million. Marshall Gunter, CEO of Datametrex, said:
“We are proud to be selected for the final round for this AI business and are excited by the possibilities this creates for our employees, customers, partners and shareholders. We are cautiously optimistic. We believe the growing momentum with AI will remain through 2022 as the overall economy improves and more organizations return to investing in technology. The team at Datametrex believes that we are uniquely positioned to continue leading in the AI market.”
AI in Healthcare Market to Exceed $34.5B in 2027
A report published by Global Market Insights finds that the market for AI in Healthcare is projected to grow from $4.2 billion USD in 2020 to over $34.5 billion in 2027 with a compound annual growth rate (CAGR) of 33.7 percent in the forecast period 2021-2027. An excerpt from the report summary reads:
Growing application of artificial intelligence in the field of drug discovery, medical imaging, precision medicine and genomics coupled with increasing personalized treatments will drive the market growth.
Moreover, the use of artificial intelligence and its broadening horizons in research areas is observed to foster market expansion. For instance, artificial intelligence is used for advanced treatments in oncology. The technology aids in detection of abnormalities in X-rays and MRIs, which can often be overlooked by the human eye.
Sam Mowers, Investorideas.com
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