The AI Eye: Intel (Nasdaq: $INTC) Introduces 10th Gen Processors Featuring High Performance AI, NVIDIA (Nasdaq: $NVDA) Launches AI Edge Platform and Nuance (Nasdaq: $NUAN) AI Powers BMW Intelligent Personal Assistant
Point Roberts, WA and Vancouver, BC - May 28, 2019 (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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The #AI Eye: Intel (Nasdaq: $INTC) Introduces 10th Gen Processors Featuring High Performance AI, NVIDIA (Nasdaq: $NVDA) Launches AI Edge Platform and Nuance (Nasdaq: $NUAN) AI Powers BMW Intelligent Personal Assistant
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:NVDA) (NasdaqGS:NUAN)
Intel Corporation (NasdaqGS:INTC) has introduced the 10th Gen Intel Core processors, enabling high performance AI. Gregory Bryant, Intel senior vice president and general manager of the Client Computing Group, said:
"No one wants to compromise; people want it all: battery life, performance, responsiveness, connectivity and slick form factors. Our job is to come together as an industry and deliver incredible and differentiated PCs, purpose built to what real people want."
NVIDIA Corporation (NasdaqGS:NVDA) has launched NVIDIA EGX, "an accelerated computing platform that enables companies to perform low-latency AI at the edge". Bob Pette, vice president and general manager of Enterprise and Edge Computing at NVIDIA, explained:
"Enterprises demand more powerful computing at the edge to process their oceans of raw data - streaming in from countless interactions with customers and facilities - to make rapid, AI-enhanced decisions that can drive their business. A scalable platform like NVIDIA EGX allows them to easily deploy systems to meet their needs on premises, in the cloud or both."
Nuance Communications, Inc. (NasdaqGS:NUAN) is powering the BMW Intelligent Personal Assistant, through its conversational-AI powered mobility assistant platform. A multitude of features in the vehicle are controlled through voice commands by the driver. Stefan Ortmanns, EVP and general manager, Nuance Automotive, commented:
"For our automaker partners, bringing an assistant that feels very natural into the car is key to creating an experience that builds loyalty and engagement among their drivers - and differentiates them from their competition."
AI in Healthcare to Reach $36 Billion by 2025
A report from Research and Markets finds that the global market for AI in healthcare will grow from $2 billion in 2018 to $36 billion in 2025 with a compound annual growth rate of 50 percent in the forecast period. An excerpt from the report description reads:
This is possible due to the competence of AI to recognize drug targets and help in drug design, discovery, identification, and screening of molecules instantly. Medical imaging, on the other hand, is one of the major application areas that has led to improvement in cancer and tumor diagnosis using AI. It is primarily based on pattern recognition that effectively works using deep learning technique.
The huge availability of big data, the growing number of cross-industry partnerships and collaborations is fuelling the growth of the AI market. In addition, demand to reduce the imbalance between the healthcare workforce and patients is further supplementing the growth of the AI in the healthcare market.
Sam Mowers, Investorideas.com
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