Vancouver, Kelowna, Delta, BC – March 4, 2022 (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.
Listen to today’s podcast:
AI Eye Podcast 667: Stocks discussed: (NasdaqGS: $MSFT) (NasdaqGS: $NUAN) (NasdaqGS: $BIDU)
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:NUAN) (NasdaqGS:BIDU)
Microsoft (
NasdaqGS:MSFT
) has
completed
its acquisition of Nuance Communications, Inc. (
NasdaqGS:NUAN
). According to the press release, the two firms aim to “enable organizations across industries to accelerate their business goals with [their] security-focused, cloud-based solutions infused with powerful, vertically optimized AI.” Scott Guthrie, executive vice president, Cloud + AI Group, Microsoft, explained:
“Completion of this significant and strategic acquisition brings together Nuance’s best-in-class conversational AI and ambient intelligence with Microsoft’s secure and trusted industry cloud offerings. This powerful combination will help providers offer more affordable, effective and accessible healthcare, and help organizations in every industry create more personalized and meaningful customer experiences. I couldn’t be more pleased to welcome the Nuance team to our Microsoft family.”
Baidu, Inc. (
NasdaqGS:BIDU
) has
announced
the launch of an AI sign language platform “able to generate digital avatars for sign language translation and live interpretation within minutes.” Part of XiLing, Baidu AI Cloud’s digital avatar platform, the platform will be used during the upcoming Beijing 2022 Winter Paralympics Games. Tian Wu, Baidu’s Corporate Vice President, said:
“With the technology enablement brought by AI, the production and operational costs of digital avatars have been reduced to a significant degree, making it possible for AI sign language to go to scale and serve more deaf and hard-of-hearing individuals.”
Global AI in Digital Genome Market to Reach $3.6B by 2028
A report published by
Coherent Market Insights
finds that the global AI in Digital Genome market is projected to grow from $269.8 million in 2021 to $3.6 billion in 2028, registering a compound annual growth rate (CAGR) of 44.8 percent in the forecast period 2021-28. Digital Genome is described in the report as “a comprehensive digital set of genetic material that occurs in a cell or an organism.” The following excerpt from the report outlines factors driving the market:
Rise in need to control discovery cost & time during new drug development is expected to drive the global artificial intelligence in digital genome market growth over the forecast period. Drug development is a lengthy, complex, and costly process owing to which there is a need for alternative tools in discovering new drugs. Drug discovery and development is commonly conducted through in vivo and in vitro methods, which are very costly and time-consuming. Artificial intelligence [is seeing] increasing roles in drug discovery, potentially saving significant time and money. Thus, this is expected to drive the growth of the market over the forecast period.
Sam Mowers, Investorideas.com
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