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AI Eye Podcast Episode 420: Amazon (NasdaqGS: $AMZN) Introduces AI-Powered “Halo” and WISeKey (NasdaqGS: $WKEY) Reaches Agreement with arago for WISeAI Joint Venture

 

Point Roberts, WA and Vancouver, BC - August 27, 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 Podcast Episode 420: Amazon (NasdaqGS: $AMZN) Introduces AI-Powered "Halo" and WISeKey (NasdaqGS: $WKEY) Reaches Agreement with arago for WISeAI Joint Venture

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

Stocks discussed: (NasdaqGS:AMZN) (NasdaqGS:WKEY)

Amazon (NasdaqGS:AMZN) has introduced health and wellness service Amazon Halo. According to the press release, the service "combines a suite of AI-powered health features that provide actionable insights into overall wellness via the new Amazon Halo app with the Amazon Halo Band, which uses multiple advanced sensors to provide the highly accurate information necessary to power Halo insights." Maulik Majmudar, Principal Medical Officer, Amazon Halo, explained:

"Despite the rise in digital health services and devices over the last decade, we have not seen a corresponding improvement in population health in the U.S. We are using Amazon's deep expertise in artificial intelligence and machine learning to offer customers a new way to discover, adopt, and maintain personalized wellness habits. Health is much more than just the number of steps you take in a day or how many hours you sleep. Amazon Halo combines the latest medical science, highly accurate data via the Halo Band sensors, and cutting-edge artificial intelligence to offer a more comprehensive approach to improving your health and wellness."

Cybersecurity and IoT firm WISeKey International Holding AG (NasdaqGS:WKEY) and AI company arago have reached a final agreement to incorporate WISeAI AG, a joint venture (JV) in Switzerland. Described as "the first ever end-to-end AIoT platform," WISeAI brings together "arago's AI based Knowledge Automation and Data platform HIRO and WISeKey's Cybersecurity, European Root of Trust and IoT/semiconductors technologies." An excerpt from the press release reads:

WISeKey's strategy to leverage its technology platform via long-lasting relationships with a strategic partner, is designed to bring a stream of high-profile clients that are in high demand for cybersecurity solutions, such as AI, digital identity and privacy, secure mobile communication, secure cloud computing, IoT, secure semiconductors, Blockchain and other innovative technologies offered by WISeKey.

Global Healthcare AI to Reach $51.3 Billion by 2027

A report published by Meticulous Research finds that the global Healthcare AI market is expected to reach $51.3 billion by 2027 with a compound annual growth rate (CAGR) of 41.4 percent in the forecast period 2020-2027. An excerpt from the report's description looks at the increased funding for the AI in Healthcare market:

Artificial Intelligence (AI) and Machine Learning (ML) are playing a very important role in the healthcare industry. AI is predominantly used in clinical research, robotic personal assistant, and big data analytics. Classic venture capitalists and corporate strategic investors are both investing generously in this space. According to the report from CB Insights, artificial intelligence-focused health care companies raised nearly $1 billion in funding in the first quarter of 2020. Also, healthcare analytics firm, Tricog Health India Pvt. (India), has raised $10.5 million in a series B round of funding. The start-up helps in the wellness, screening, and diagnosis of acute as well as chronic heart diseases using AI & Machine Learning. The start-up has helped 3 million patients. As of 2020, the private sector continues to play a significant role, with venture capital (VC) funding for the top 50 firms in healthcare-related AI reaching $8.5 billion, and big tech firms, startups, pharmaceutical and medical-devices firms and health insurers, all engaging with the nascent AI healthcare ecosystem. Thus, the rising fund in the healthcare artificial intelligence is expected to fuel the growth in the AI market for healthcare during the forecast period.

Sam Mowers, Investorideas.com

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