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AI Eye Podcast 570: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $BIDU)

IBM Acquiring Turbonomic for AIOps, and Baidu is Partnering with BAIC Group for New Generation of Robotaxis

 

Point Roberts, WA and Vancouver, BC - June 18, 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 570: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $BIDU)

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:IBM) (NasdaqGS:BIDU)

IBM (NYSE:IBM) has closed its acquisition of Boston, MA-based Application Resource Management (ARM) and Network Performance Management (NPM) software provider Turbonomic, Inc. According to the press release, this "complements IBM's recent acquisition of Instana for application performance monitoring (APM) and observability, and the launch of IBM Cloud Pak for Watson AIOps to automate IT Operations using AI." Dinesh Nirmal, General Manager, IBM Automation, explained:

"We believe that the move to AI-powered automation is essential to helping businesses succeed in a digital-first world. IBM is already helping thousands of customers use automation to make IT and business processes more efficient and employees more effective. Now that Turbonomic is a part of our portfolio, IBM is the only company providing a one-stop shop of AI-powered automation capabilities, all built on Red Hat OpenShift to run anywhere."

Baidu, Inc. (NasdaqGS:BIDU) has announced that it is "partnering with BAIC Group's EV brand ARCFOX to jointly release Apollo Moon, a new generation of robotaxis that are set to be mass-produced with a per unit manufacturing price of RMB 480,000 (USD 74,000)." Zhenyu Li, Senior Corporate Vice President of Baidu and General Manager of Intelligent Driving Group (IDG), explained:

"As early as 2017, Baidu and BAIC Group entered into a strategic partnership. Both sides share the same goals and insist on independent R&D to promote the development of autonomous driving in China. The launch of Apollo Moon is an important breakthrough signifying the powerful linkage between China's leading autonomous driving technology and the most advanced smart vehicle platform, marking a landmark step in the field of robotaxi ride-hailing services globally."

Global AI in Drug Discovery to Reach $2.015B by 2025

A report published by Market Research Future finds that the global AI in Drug Discovery market will grow to approximately $2.015 billion by 2025, registering a compound annual growth rate (CAGR) of 40.8 percent in the forecast period 2019-2025. An excerpt from the report’s description reads"

The first concrete examples of how AI (also called deep learning, machine learning, or artificial neural networks) will help clinicians are now being commercialized. These systems may offer a paradigm shift in clinician workflow to boost efficiency while improving care and patient throughput at the same time.

Integration of AI and machine learning tools in drug discovery & development applications could improve the healthcare outcome by increasing efficiency of drug discovery process, facilitating targeted molecule identification, minimizing the risk of adverse reactions during the trials, reducing the drug discovery time frame, and most importantly reducing the cost of drug development for the drug manufacturer.

Sam Mowers, Investorideas.com

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