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AI Eye Episode 431: NVIDIA (NasdaqGS: $NVDA) to Acquire Arm Limited from SoftBank Group

BrainChip Exhibiting Akida at 2020 Embedded Vision Summit Virtual Conference

 

Point Roberts, WA and Vancouver, BC - September 14, 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 431: NVIDIA (NasdaqGS: $NVDA) to Acquire Arm Limited from SoftBank Group

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

Stocks discussed: (NasdaqGS:NVDA) (OTC:SFTBY) (ASX:BRN)

NVIDIA Corporation (NasdaqGS:NVDA) has announced a definitive agreement with SoftBank Group (OTC:SFTBY) through which NVIDIA will acquire Arm Limited from SoftBank Group and the SoftBank Vision Fund for $40 billion. According to the press release, this acquisition couples "NVIDIA's leading AI computing platform with Arm's vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets." Jensen Huang, founder and CEO of NVIDIA, commented:

"AI is the most powerful technology force of our time and has launched a new wave of computing. In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today's internet-of-people. Our combination will create a company fabulously positioned for the age of AI.

Simon Segars and his team at Arm have built an extraordinary company that is contributing to nearly every technology market in the world. Uniting NVIDIA's AI computing capabilities with the vast ecosystem of Arm's CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the globe."

BrainChip Holdings Ltd (ASX:BRN) is participating at the 2020 Embedded Vision Summit Virtual Conference starting tomorrow, September 15, and running to September 25. There, the company will be exhibiting Akida, its AI-powered, ultra-low power, event domain neural processor. Louis DiNardo, BrainChip's CEO, said:

"While we would love the opportunity to showcase our Akida solution in person to attendees of the Embedded Vision Summit, presenting from our virtual booth actually enables us to demonstrate Akida's abilities to a potentially larger audience joining from home. We're eager to show attendees how Akida helps organizations create ultra-low power chips with our licensed intellectual property and high- performance power efficient systems with our integrated circuit. Akida provides the ability to incrementally learn on-chip without the need to retrain in the Cloud. This ability makes us uniquely positioned to help deliver the next generation of AI at the Edge. It's an exhibit you definitely don't want to miss."

AI in Drug Discovery Market to Register 28.8% CAGR from 2020-2027

A report from Grand View Research finds that the global AI in Drug Discovery market, which was valued at $473.4 million in 2019, will exhibit a compound annual growth rate (CAGR) of 28.8 percent in the forecast period 2020-2027. An excerpt from the report summary reads:

Another key factor promoting the adoption of artificial intelligence in the drug discovery space is the monumental data generated by the molecule screening processes and the preclinical studies. The large data makes it a difficult process for the scientist to review all the scientific literature. In such cases, artificial intelligence can help boost up the screening process and reduce the time required for studying and identify drug molecule interactions and histology data.

Sam Mowers, Investorideas.com

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