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The AI Eye: NVIDIA (NasdaqGS: $NVDA) Introduces AI Synthetic Environment Generation, Accenture (NYSE: $ACN) Acquires Kolle Rebbe

AI in R&D and Drug Discovery Growing Exponentially with U.S. Leading the Globe

 

Point Roberts, WA and Vancouver, BC - December 3, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The AI Eye: NVIDIA: (NasdaqGS: $NVDA) Introduces AI Synthetic Environment Generation, Accenture (NYSE: $ACN) Acquires Kolle Rebbe

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

AI in R&D and Drug Discovery Growing Exponentially with U.S. Leading the Globe

A recent article in Forbes outlines the growth of AI in drug development, citing research by Deep Knowledge Ventures. The article posits that as AI continues to penetrate drug development research, competition for experts between BioPharma and tech companies will intensify. According to the data, the U.S. leads with 59 percent of the top 125 AI companies involved in R&D, and the UK and Canada follow with 16.7 percent and 8.3 percent, respectively. The Deep Knowledge research indicates that the market was worth $200 million in 2015, $700 million in 2018 and is expected to be valued at $5 billion in 2024. This data represents a 40 percent compound annual growth rate (CAGR) between 2017 and 2024, in the sectors of medical imaging, diagnostics, personal AI assistants, drug discovery, and genomics.

NVIDIA Introduces AI Synthetic Environment Generation, Accenture Acquires Kolle Rebbe and Lincoln Electric Acquires Inovatech Engineering

Stocks discussed: (NasdaqGS:NVDA) (NYSE:ACN) (NasdaqGS:LECO)

NVIDIA Corporation (NasdaqGS:NVDA) has announced the introduction of AI research today that allows development of interactive, virtual environments for gaming, automotive, architecture, robotics or virtual reality. Bryan Catanzaro, the vice president of Applied Deep Learning Research at NVIDIA, commented on the development:

"NVIDIA has been inventing new ways to generate interactive graphics for 25 years, and this is the first time we can do so with a neural network. Neural networks - specifically generative models - will change how graphics are created. This will enable developers to create new scenes at a fraction of the traditional cost."

Accenture (NYSE:ACN) has completed the acquisition of German creative agency Kolle Rebbe. The leader of Accenture Interactive in Europe, Africa and Latin America, Anatoly Roytman, commented on the acquisition:

"Today, we completed a significant and exciting addition to our culture of cultures and strengthened our credentials as an experience agency. With the addition of Kolle Rebbe to the Accenture Interactive team, we will greatly strengthen our ability to create, build and run the greatest customer experiences for our clients in Germany."

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) has acquired Inovatech Engineering Corporation. Inovatech is a manufacturer of advanced robotic plasma cutting solutions for structural steel applications. Lincoln Electric Chairman, President and CEO, Christopher L. Mapes commented on the acquisition:

"We are pleased to welcome Inovatech into the industry’s leading automation portfolio. The addition scales our automated cutting solutions and application expertise for structural steel applications and supports long-term growth in that market."

Sam Mowers, Investorideas.com

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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

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