The AI Eye Episode 340: Tencent Cloud Signs MOU with SDMC, Mobi724 Announces FY 2019 Financial Highlights
Point Roberts, WA and Vancouver, BC - April 30, 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: Tencent Cloud Signs MOU with SDMC, Mobi724 Announces FY 2019 Financial Highlights
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC:TCEHY) (TSXV:MOS)
Tencent Cloud, the cloud computing arm of Tencent (OTC:TCEHY), has signed a Memorandum of Understanding (MOU) with digital TV leader SDMC. Through the MOU, the two firms aim to leverage Tencent Cloud's advanced technologies, including AI, and SDMC's industry experience, to launch the SDMC XMediaTV Cloud, a cloud-based SaaS video streaming solution to provide services for OTT (over-the-top) operators around the globe. David Li, CEO of SDMC, explained:
"SDMC has currently served over 200 operator customers, covering over 100 million households around the world. Through this collaboration, we could introduce Tencent Cloud's high-performing products to our operator customers, and therefore greatly enhance their service capabilities and profitability. What's more, the video AI technology, Extreme Speed High Definition technology as well as Tencent's cloud gaming service will also help boost our overall competitiveness."
Mobi724 Global Solutions Inc. (TSXV:MOS) has announced its fiscal year 2019 financial highlights. Some highlights include a 70 percent increase in revenue from continuing operations, a net loss decrease of 27 percent and a cash position increase of 116 percent. Allan Rosenhek, CFO of Mobi724, said:
"We are pleased with our transformation. By refocusing the Company on our higher margin vertical, we grew our top line by 70%, closed a number of important agreements, invested in the integration of Artificial Intelligence technology capabilities as a core of the platform; all while decreasing our operating loss by 31% and our cash burn by 14%."
Global NLP in Healthcare & Life Sciences Market to Reach $3.7 billion by 2025
A report from Markets and Markets finds that the global Natural Language Processing (NLP) in Healthcare and Life Sciences market will grow from $1.5 billion in 2020 to $3.7 billion by 2025 with a compound annual growth rate (CAGR) of 20.5 percent in the forecast period. An excerpt from the report description outlines the role of cloud deployment in the market:
Most vendors in the NLP in healthcare and life sciences market offer cloud-based NLP solutions to maximize profits and automate the equipment maintenance process, effectively. The adoption of cloud-based NLP in healthcare and life sciences solutions is expected to grow, owing to benefits, such as easy maintenance of generated data, cost-effectiveness, agility, flexibility, scalability, and effective management of these solutions. Companies prefer to adopt cloud-based NLP solutions, as these support their regional, cross-regional, or cross-country data recovery strategies. This enables organizations to ensure resilience in case of disasters.
Sam Mowers, Investorideas.com
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