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The AI Eye Episode 327: Intel (NasdaqGS: $INTC) Pledging $50 Million in Pandemic Response Tech Initiative for COVID-19, CloudMD Reaches 100,000 Registered Users

 

Point Roberts, WA and Vancouver, BC - April 7, 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: Intel (NasdaqGS: $INTC) Pledging $50 Million in Pandemic Response Tech Initiative for COVID-19, CloudMD Reaches 100,000 Registered Users

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

Stocks discussed: (NasdaqGS:INTC) (CSE:DOC)

Intel Corporation (NasdaqGS:INTC) has announced that it is: "pledging an additional $50 million in a pandemic response technology initiative to combat the coronavirus through accelerating access to technology at the point of patient care, speeding scientific research and ensuring access to online learning for students." $40 million of this amount is allocated to funding the Intel COVID-19 Response and Readiness and Online Learning initiatives which are aimed to "accelerate customer and partner advances in diagnosis, treatment and vaccine development, leveraging technologies such as artificial intelligence (AI), high-performance computing and edge-to-cloud service delivery." Bob Swan, Intel's CEO, said:

"The world faces an enormous challenge in fighting COVID-19. Intel is committed to accelerating access to technology that can combat the current pandemic and enable new technology and scientific discovery that better prepares society for future crises. We hope that by sharing our expertise, resources and technology, we can help to accelerate work that saves lives and expands access to critical services around the world during this challenging time."

CloudMD Software & Services Inc. (CSE:DOC), a telemedicine company that leverages AI, has reached over 100,000 registered users combined on its CloudMD and MyHealthAccess telemedicine platforms. Essam Hamza, CEO of CloudMD, commented:

"CloudMD continues to revolutionize the way healthcare is delivered to patients. We are excited and encouraged by the continued growth of our CloudMD platform as the significant increase in registered users continues to reinforce buy-in from the communities we serve." He continued, "During these difficult times we are proud to offer much needed and timely medical care to the Canadian population. We remain committed to providing the best health care services to our patients."

Global Automotive AI Market to Reach $15.9 Billion by 2027

A report from Meticulous Research finds that the global Automotive AI market will reach $15.9 billion by 2027 with a compound annual growth rate (CAGR) of 39.8 percent in the forecast period 2019-2027. The following excerpt from the report description outlines the role of autonomous vehicles in the market:

The global market for autonomous vehicles has witnessed remarkable growth in recent years. As the adoption of AI in autonomous vehicles progresses from needing driver assistance to having full autonomy, enhanced user experience and convenience features, driverless cars are becoming a reality. Autonomous vehicles are called self-driven or driverless vehicles that use artificial intelligence (AI) software, light detection & ranging (LiDAR), computer vision, GPS, and RADAR sensing technology and sensors to operate without any human interference. The growing demand and necessity for safe, efficient, and convenient driving experience; increasing government focus on streamlined traffic infrastructure and regulations, rising demand for a reliable transportation system, and availability of advanced technologies relevant for the automotive industry are driving the demand for autonomous and semi-autonomous vehicles, globally. Furthermore, an increase in demand for connected vehicles using the internet of things (IoT), reduction in traffic congestion and increased road safety measures, are contributing to the growth of [the] autonomous vehicles market.

Sam Mowers, Investorideas.com

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