The AI Eye: AWS (NASDAQ: $AMZN) Launches Middle East Region, Oracle (NYSE: $ORCL) Named Leader for Multiexperience Development Platform and VMware (NYSE: $VMW) Extends Strategic Partnership with Google Cloud
Point Roberts, WA and Vancouver, BC - July 30, 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: AWS (NASDAQ: $AMZN) Launches Middle East Region, Oracle (NYSE: $ORCL) Named Leader for Multiexperience Development Platform and VMware (NYSE: $VMW) Extends Strategic Partnership with Google Cloud
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (NYSE:ORCL) (NYSE:VMW)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the launch of a new Middle East region based in Bahrain. Andy Jassy, CEO, AWS, explains the significance of the expansion:
"The cloud has the chance to unlock digital transformation in the Middle East. Today, we are launching advanced and secure technology infrastructure that matches the scale of our other AWS Regions around the world and are already seeing strong demand in the Middle East for AWS technologies like artificial intelligence and machine learning, data analytics, IoT, and much more. We are excited to see how our cloud technology will provide new ways for governments to better engage with citizens, for enterprises to innovate for their next phase of growth, and for entrepreneurs to build businesses and compete on a global scale."
Oracle Corporation (NYSE:ORCL) has been named a Leader in Gartner's 2019 Magic Quadrant for Multiexperience Development Platforms report. According to the press release, "Oracle's multiexperience development platform" leverages "the power of machine learning of the Oracle Digital Assistant, Oracle Mobile Hub, Oracle Visual Builder and Oracle Content and Experience to enable rapid delivery of innovative, intelligent and consistent experiences across any channel of choice - web, mobile, conversational, even voice and AR/VR."
VMware, Inc. (NYSE:VMW) and Google Cloud have extended their strategic partnership with the introduction of Google Cloud VMware Solution by CloudSimple. This new service enables users to run VMware workloads in the Google Cloud Platform (GCP). Thomas Kurian, CEO at Google Cloud, commented:
"Customers increasingly want to run their mission-critical workloads, including those from VMware, in Google Cloud. We're delighted to partner with VMware to support these workloads, enabling customers to leverage Google Cloud's core competencies such as secure, performant, global and highly available infrastructure, AI, ML and analytics."
Global AI in Healthcare to Reach $27.6 Billion by 2025
A new report from Meticulous Research finds that the global AI in Healthcare market will reach $27.6 billion USD by 2025 with a compound annual growth rate (CAGR) of 43.5 percent during the forecast period 2018 to 2025. An excerpt from the report description outlines the rise in funding witnessed in the space:
Artificial intelligence (AI) and Machine Learning (ML) are playing a very important role in healthcare industry. AI is predominantly used in clinical research, robotic personal assistants, and big data analytics. Classic venture capitalists and corporate strategic investors are both investing generously in this space. According to Mercom Research Report 2017, Health IT funding set a record in 2017 with AI and predictive analytics as top tech funded, with patient engagement, telehealth and clinical decision support close behind. Total corporate funding for healthcare technology companies climbed to $8.2 billion in 2017 reporting an increase of 47% from the $5.6 billion in 2016. The worldwide venture funding for digital health startups increased from $5.1 billion in 2016 to $7.2 billion in 2017 posing a growth of 42% in one year. According to TM Capital (U.S.), healthcare AI venture capital deal volume and funding was valued at $794 million in investments across 90 deals in the healthcare AI space and it was expected that AI-focused healthcare and wellness startups were to raise over $690 million from venture capital firms in 2017.
Sam Mowers, Investorideas.com
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