The AI Eye: Nuance (NasdaqGS: NUAN) DAX Made Generally Available and Intrinsyc’s HDK Featuring Qualcomm (NasdaqGS: QCOM) Snapdragon Made Available
Point Roberts, WA and Vancouver, BC - February 24, 2020 (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: Nuance (NasdaqGS: $NUAN) DAX Made Generally Available and Intrinsyc's HDK Featuring Qualcomm (NasdaqGS: $QCOM) Snapdragon Made Available
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NUAN) (NasdaqGS:MSFT) (NasdaqCM:LTRX) (NasdaqGS:QCOM)
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced the general availability of its ambient clinical intelligence (ACI) solution, the Nuance Dragon Ambient eXperience (DAX). The DAX with electronic health record (EHR) systems "revolutionizes the physician-patient experience by securely capturing and contextualizing physician-patient conversations." The DAX is the fruit of a multi-year joint development endeavor with Microsoft (NasdaqGS:MSFT), leveraging the latter's AI and cloud capabilities. Nuance CTO Joe Petro explained:
"It is essential to develop technology that empowers clinicians so that they can get back to doing what they trained for and love. It is equally important that we return to patients their doctors' undivided attention. Our development of Nuance DAX began with a deep understanding of how doctors need and want to work. We've delivered an unobtrusive solution that is as present and available as the light in the exam room - and already producing meaningful results for clinicians and their patients."
Intrinsyc, a subsidiary of Lantronix, Inc. (NasdaqCM:LTRX), has announced the availability of its mobile hardware development kit (HDK), which features the Qualcomm (NasdaqGS:QCOM) Snapdragon 865 Mobile Platform. According to the press release, "The HDK is an open-frame solution that empowers technology companies to integrate and innovate for devices based on the latest Snapdragon mobile platform, as well as provide original equipment manufacturers ("OEMs"), developers, and engineers with next generation software technology and tools to accelerate development and testing of devices. Software tools and accessories are available to begin development work immediately." Jonathan Shipman, Vice President of Strategy, Intrinsyc, said:
"The Snapdragon 865 is the first mobile platform to deliver professional camera quality at Gigapixel speeds, unprecedented AI performance with its 5th generation AI Engine, and desktop-level gaming features with Qualcomm® Snapdragon Elite Gaming™ - all at unmatched speeds and battery savings. We are very excited to enable early access to Snapdragon 865 development kits via the Mobile HDK. It is an ideal platform for our ecosystem customers or OEMs to get a "jumpstart" with access to the next-generation premium-tier Snapdragon mobile platform."
Global Machine Learning Market to Increase by $20.8 Billion from 2019-2025
A report from Research and Markets finds that the global Machine Learning market is expected to grow by $20.8 billion with a compound annual growth rate (CAGR) of 41.7 percent in the forecast period 2019-2025. The BFSI (banking, financial services and insurance) portion of the market, in particular, is identified as showing "potential to grow at over 43%," reaching "$9.7 Billion by the year 2025." An excerpt from the report description breaks down the regional outlook for the market:
Representing the developed world, the United States will maintain a 47% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$561.9 Million to the region's size and clout in the next 5 to 6 years. Over US$955.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, BFSI will reach a market size of US$704.3 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 39.7% over the next couple of years and add approximately US$3.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Sam Mowers, Investorideas.com
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