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The AI Eye: Episode 322 - VSBLTY and RadarApp Testing Crowd Temperature Scanning Tools to Monitor Spread of Disease, CloudMD Makes Telemedicine App Available in Ontario

Point Roberts, WA and Vancouver, BC - March 31, 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: Episode 322 - VSBLTY and RadarApp Testing Crowd Temperature Scanning Tools to Monitor Spread of Disease, CloudMD Makes Telemedicine App Available in Ontario

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

Stocks discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (CSE:DOC)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF), along with Smart City Solutions provider RadarApp, is testing "crowd temperature scanning as a tool to help identify potential at risk individuals and ultimately reduce the spread of disease." This is achieved by leveraging infrared camera capabilities, enabling the temperature scanning of crowds with a correlation to face capture. This development comes as part of the two companies' "Smart City" intelligent camera network program, RADAR, which has seen the installation of thousands of security kits, powered by VSBLTY software. VSBLTY Co-founder and CEO Jay Hutton commented:

"It is hoped that the perfection and deployment of this technology will serve as a public screening tool to help identify individuals who may be a potential risk of spreading disease and assist in accelerating the safe return to normality we are all desperately seeking."

Healthcare digitization company CloudMD Software & Services Inc. (CSE:DOC), which leverages telemedicine and AI, has expanded its direct-to-consumer telemedicine app, CloudMD, to the citizens of Ontario, Canada. The app, which is free, allows users to book appointments with licensed physicians, a roster of whom have been onboarded to address health concerns via secure, real-time videoconferencing. Dr. Essam Hamza, CEO of CloudMD, explained:

"The coronavirus pandemic has transformed public behaviour faster than ever before, and in response we're seeing government move at uncharacteristic speed to adapt to this 'new normal' we find ourselves in. With many global forecasts predicting the coronavirus crisis will last until spring 2021, this is our opportunity to show the benefits of telemedicine, and how it can be used effectively to receive timely care and reduce strain on hospital resources, while minimizing the outbreak's spread."

Global AI Chipsets Market to Reach More than $70 Billion by 2026

A report from Global Market Insights finds that the global AI Chipsets market is expected to grow from over $8 billion in 2019 to more than $70 billion in 2026 with a compound annual growth rate (CAGR) in excess of 35 percent in the forecast period. An excerpt from the report summary outlines the role of GPUs (graphics-processing units) in the market:

The GPU product segment dominates the market with over 40% share in 2019. The growth is attributed to its features such as high performance, low latency, and low cost. Also, improved computing power and high parallel processing capability have encouraged its increased adoption in several AI applications.

Enormous growth in gaming applications with rising demand for high 3D graphics have resulted in increasing integration of AI, machine learning, and other disruptive technologies. According to a report generated by Our World in Data, in 2018, the adults in the U.S. [spent] more than 3.6 hours [on] mobile, 3 hours [on] desktop, and 0.7 hours [on] other connected devices including game consoles; therefore, companies are investing highly in research and development activities to gain high market traction.

Sam Mowers, Investorideas.com

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