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AI Eye Episode 380: Hitachi Collaborating with ThinkCyte on AI-Driven Cell Analysis and Sorting System, Loop Insights Launching AI Cloud Software Product

 

Point Roberts, WA and Vancouver, BC - July 1, 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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AI Eye Episode 380: Hitachi Collaborating with ThinkCyte on AI-Driven Cell Analysis and Sorting System, Loop Insights Launching AI Cloud Software Product

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

Stocks discussed: (OTC:HTHIY) (TSXV:MTRX)

Hitachi, Ltd. (OTC:HTHIY) has announced a collaboration with biotech firm ThinkCyte, Inc. to develop an artificial intelligence (AI)-driven cell analysis and sorting system. This will, according to the press release, involve a combination of "ThinkCyte's high-throughput and high-content label-free single cell sorting technology and Hitachi's know-how and capability [of] producing stably operative instruments on a large scale." The fruit of this collaboration will be for the two firms to "develop a novel reliable system to enable high-speed label-free cell isolation with high accuracy, which has been difficult to achieve with the existing cell sorting techniques, and to realize stable, low-cost and large-scale production of cells for regenerative medicine and cell therapy."

Transformative artificial intelligence solutions provider Loop Insights Inc. (TSXV:MTRX) has announced the launch of "Loop Cloud", an Application Programming Interface (API) cloud software product. Loop CSO David Salisbury explained:

"Brick and mortar retailers struggle to make sense of their data and Loop solves this problem. Not only that, we provide an automated tool that creates actionable strategies for curating a better shopper experience and increasing operational efficiencies."

Loop Cloud's release deliberately coincides with Covid-19 government restart plans in Canada, with the aim to "continue to attract large-scale venues and business operators searching for turnkey solutions as they reopen their doors."

Global Enterprise AI Market to Reach $25 Billion by 2026

A report from Verified Market Research finds that the global Enterprise AI market will grow from $1.27 billion in 2018 to $25 billion by 2026 with a compound annual growth rate (CAGR) of 44.9 percent in the forecast period 2019-2026. Enterprise AI is defined by the report as "the ability to implant AI methodology, which combines the human capacities for learning, perception, and interaction all at a level of complexity that will help the enterprises to predict business outcomes." An excerpt from the report's description outlines trends observed in the market:

Over the last few years, the demand for AI technology from various businesses has increased owing to the benefits. The new development & innovation across industries and deployment of cloud-based solutions that offer low operational and maintenance costs, and more scalability are some of the factors that are expected to propel the growth of the market over the forecast period. However, the lack of expert personnel, concerns related to data piracy, and the slow digitization rate affecting the adoption of enterprise AI solutions in the emerging economies are also expected to affect the growth of the market. Moreover, growing demand for AI-based solutions and platforms from various industries such as financial services, manufacturing, automotive, and advertising creating opportunities for the market to grow.

Sam Mowers, Investorideas.com

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