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AI Eye Episode 450: IBM (NYSE: $IBM) Brings AI and Cloud Computing to Esports with Overwatch (NasdaqGS: $ATVI) League Deal

Veritone (NasdaqGM: $VERI) Announces Veritone Energy

 

Point Roberts, WA and Vancouver, BC - October 9, 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 450: IBM (NYSE: $IBM) Brings AI and Cloud Computing to Esports with Overwatch (NasdaqGS: $ATVI) League Deal

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

Stocks discussed: (NYSE:IBM) (NasdaqGS:ATVI) (NasdaqGM:VERI)

IBM (NYSE:IBM) and the Overwatch League, a global esports league created by Blizzard Entertainment - a division of Activision Blizzard (NasdaqGS:ATVI) - have announced a multi-year deal to bring IBM's cloud computing and artificial intelligence (AI) technology to esports. In addition to being the official AI, cloud, and analytics sponsor of the Overwatch League, IBM will work with the Overwatch League "to develop technology solutions leveraging IBM's expertise in natural language processing and machine learning to improve the league's rankings system, and utilize IBM's Watson AI capabilities to create live and in-broadcast predictive analysis, with specific solutions currently under development," beginning in 2021. Brandon Snow, Chief Revenue Officer of Activision Blizzard Esports, commented:

"We're constantly striving to give fans the ability to more meaningfully engage with the Overwatch League, and teaming up with IBM enables us to do just that. IBM's cutting-edge AI and machine learning, underpinned by cloud technologies, will help enable us to bring interactive and innovative engagement opportunities to our fans and teams. This is a fantastic benefit to our viewers, and we're very excited to be announcing it during the biggest event of our season."

Veritone, Inc. (NasdaqGM:VERI) has entered the energy sector with a suite of proprietary, predictive AI solutions called Veritone Energy, which according to the press release will "help utilities increase profitability and improve grid reliability as they make the transition to renewables." Chad Steelberg, Chairman and CEO of Veritone, said:

"We are thrilled to be adding a new vertical to our growing customer bases in the Media & Entertainment and Government, Legal and Compliance markets. Every year, over $750 billion is invested in global electricity generation and distribution projects, giving Veritone Energy a significant opportunity to showcase how our cutting-edge, predictive AI technology can help the world reduce its dependence on fossil fuels."

APAC AI in Healthcare Diagnosis Market to Reach $14.043 Billion by 2027

Research published by ReportLinker finds that the Asia-Pacific AI in Healthcare Diagnosis market will grow from $729.99 million in 2019 to $14.043 billion by 2027 with a compound annual growth rate (CAGR) of 44.9 percent in the forecast period 2020-2027. An excerpt from the report summary reads:

The growth of the Asia Pacific artificial intelligence in healthcare diagnosis market is primarily attributed to [the] rising adoption of Artificial Intelligence (AI) in disease identification and diagnosis, and increasing investment in AI healthcare start-ups.

The healthcare industry has always been a leader in innovation. The constant mutating of diseases and viruses makes it difficult to stay ahead of the curve.

However, with the help of artificial intelligence and machine learning algorithms, it continues to advance, creating new treatments and helping people [to] live longer and healthier.

Sam Mowers, Investorideas.com

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