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AI Eye Podcast Episode 467: Wipro (NYSE: $WIT) and AWS Launch Wipro AWS Business Group, and ImmunoPrecise Collaborates with AI Research Institute Mila

 

Point Roberts, WA and Vancouver, BC - November 3, 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 467: Wipro (NYSE: $WIT) and AWS Launch Wipro AWS Business Group, and ImmunoPrecise Collaborates with AI Research Institute Mila

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

Stocks discussed: (NYSE:WIT) (TSXV:IPA)

Wipro Limited (NYSE:WIT) and Amazon Web Service (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), announced the launch of Wipro AWS Business Group (WABG), described as "a unit designed to help customers fast-track their cloud transformation journey on AWS." WABG brings together Wipro's services and experience with AWS's cloud platforms to "drive business acceleration." Matt Garman, Vice President, Sales and Marketing, AWS, said:

"By establishing the Wipro AWS Business Group, we are taking an important step forward in the long-standing relationship between the two companies. This business group will empower clients to rapidly achieve the benefits of moving to AWS, eliminate the undifferentiated heavy lifting of managing their IT infrastructure, and instead focus on their core business."

ImmunoPrecise Antibodies Ltd. (TSXV:IPA) announced a research partnership with AI research institute Mila. The collaboration will leverage data and artificial intelligence to research and develop talent initiatives to advance next generation innovation in therapeutics. Yoshua Bengio, the founder of Mila, said:

"This partnership opens up an exciting opportunity for AI to tap into unexplored datasets generated by ImmunoPrecise's effective and high-throughput therapeutic antibody discovery platforms, to contribute to the design of new therapeutics against life-threatening diseases that challenge humanity."

Jennifer Bath, CEO of ImmunoPrecise, said:

"This partnership reflects IPA's deep-seeded commitment to innovation. Combining our efforts with the world-renowned talent at Mila catalyzes our advancements beyond the traditional life science model, as we continue to embrace the future of therapeutic discovery to accelerate the commercialization of life saving therapeutics."

Global Mobile AI Market to Reach $17.79 Billion by 2025

A report published by Data Bridge Market Research finds that the global Mobile Artificial Intelligence (AI) market will grow from $5.14 billion in 2017 to $17.79 billion by 2025 with a compound annual growth rate (CAGR) of 28.43 percent in the forecast period 2018-2025. The report's description identifies "increasing demand in the field of drones, robotics, and surveillance cameras", "growing demand for edge computing in IoT," and a "rising focus on low cost AI-capable processors and cognitive computing," as drivers in the market, but highlights the rapid replacement of new technology and the expense of maintaining technology as potential restraints to growth.

Sam Mowers, Investorideas.com

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