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The AI Eye: VSBLTY Announces Collaboration with Photon-X to Develop Advanced Camera Applications to Screen for COVID-19, NexOptic Selected to Join Qualcomm (NasdaqGS: $QCOM) Platform Solutions Ecosystem

 

Point Roberts, WA and Vancouver, BC - April 21, 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: VSBLTY Announces Collaboration with Photon-X to Develop Advanced Camera Applications to Screen for COVID-19, NexOptic Selected to Join Qualcomm (NasdaqGS: $QCOM) Platform Solutions Ecosystem

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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) (TSXV:NXO) (NasdaqGS:QCOM)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) has announced a collaboration with Photon-X, a developer of sensor technologies that enable biometric verification, document security, CGI motion imaging and photo mapping, to develop advanced camera applications to help screen for persons who may be infected with COVID-19 as they enter buildings. The collaboration brings together object recognition and analytics from Photon-X and VSBLTY's facial recognition. VSBLTY Co-founder and CEO Jay Hutton said:

"As the world slowly goes back to work, we will all want to be assured that we can do so safely. Thermal detection in venues, buildings, restaurants and public spaces will be an easy detection tool that can augment safety and help prevent further contagion. We have already seen efforts by major retailers, manufacturers and large employers to implement wellness detection at building and factory entrances. This is a safety measure that has long-term value and may well be an essential element in the new economy."

Optics and AI firm NexOptic Technology Corp. (TSXV:NXO) has been selected to join the Qualcomm (NasdaqGS:QCOM) Platform Solutions Ecosystem. According to the press release, "joint initiatives have already begun, optimizing [NexOptic's ALIIS [(All Light Intelligent Imaging Solutions)] for select Qualcomm Snapdragon mobile platforms with support from Qualcomm Technologies' AI and camera solution experts." Rich Geruson, Chairman of NexOptic, said:

"I'm pleased with the level of enthusiasm shown by both sides during the formalization of our collaboration. Working with a global semiconductor leader like Qualcomm Technologies is a big achievement and the most efficient way for NexOptic to gain a major foothold in the mobile industry."

Emotion Detection and Recognition (EDR) Market to Reach $45.48 Million by 2025

A report from Mordor Intelligence finds that the Emotion Detection and Recognition (EDR) market will grow from $17.19 million in 2019 to $45.48 million by 2025 with a compound annual growth rate (CAGR) of 18.01 percent in the forecast period. An excerpt from the market overview reads:

  • Though artificial intelligence (AI) is unleashing a wave of digital disruption, the limitation of AI to understand human emotion is still a challenge. However, in the past few years, increasing access to data, low-cost computing power, and evolving NLP combined with digital learning are enabling the systems to analyze human emotions.
  • A detailed understanding of emotion is a factor that challenges the EDR market, as emotions can be expressed in multiple ways and can also be deceptive. Despite this challenge, technological advancements in AI are expected to drive the market for EDR during the forecast period.
  • Other key influencers of the market include the rising need for better customer experience (as emotional connection also plays a key role along with customer satisfaction), the increasing need for a human touch in digital communications (chatbots), and challenges in language context and facial recognition.

Sam Mowers, Investorideas.com

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