The AI Eye Podcast Episode 490: PostEra Partnering with Pfizer (NYSE: $PFE) to Accelerate Drug Discovery with Machine Learning and Honeywell (NYSE: $HON) Announces Air Detective
Point Roberts, WA and Vancouver, BC - December 7, 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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The AI Eye: PostEra Partnering with Pfizer (NYSE: $PFE) to Accelerate Drug Discovery with Machine Learning and Honeywell (NYSE: $HON) Announces Air Detective
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:PFE) (NYSE:HON)
PostEra, a biotechnology company specializing in machine learning solutions for preclinical drug discovery, has announced a strategic partnership with Pfizer Inc. (NYSE:PFE), to accelerate "small molecule drug discovery by developing a platform technology based on generative chemistry." According to the press release, PostEra's ML achieves this "by designing novel molecular structures with optimised potency and drug-like properties." Aaron Morris, CEO of PostEra, said:
"PostEra is delighted to be working with Pfizer to solve some of the key pain points in preclinical drug discovery. As a team we are proud to be entering this collaboration and will be leveraging PostEra's many advances in machine learning to help Pfizer accelerate progress toward novel therapeutics."
Honeywell International Inc. (NYSE:HON) has announced Honeywell Air Detective, a new airborne particle analyzer that leverages AI, machine learning, and cloud computing to "enable HVAC service providers and environmental testing professionals to better inform home and building owners of the quantity and type of particles present in the air." Sarah Martin, president of Honeywell's Sensing and Internet of Things (IoT) business, explained:
"Understanding what is in the air inside your home or building is a top priority for owners. HVAC, environmental testing, and other service professionals are looking for innovative solutions that will help them test air quality on the spot and determine the specific equipment, service and system upgrades needed to improve the indoor air quality. We have developed a cost-effective, portable analyzer that uses holographic microscopy and cloud technology to 'take pictures' and classify airborne particles. Honeywell continues to provide solutions to help improve air quality for people while at home, on the job or when traveling."
Global AI Chip Market to Reach $253.3 Billion by 2030
A report published by Research and Markets finds that the global AI Chip market will grow from $9.29 billion in 2019 to $253.30 billion by 2030 with a compound annual growth rate (CAGR) of 35 percent in the forecast period 2020-2030. An excerpt from the report description outlines trends observed in the market:
With the growing technological advancements, the market is rapidly switching towards the smart devices, smart homes, and smart cities, where AI Chips are widely used. This has resulted in tremendous elevation of the demand for Artificial Intelligence (AI) Chip market. Moreover, increased investments in AI start-ups and the emergence of quantum computers are expected to boost the market growth. Also, rise in application of AI technology and robotics is expected to further propel the market growth.
However, high development costs and lack of skilled work-forces impede the artificial intelligence (AI) chip market. On the other hand, surge[s] in R&D, increase[s] in the use of autonomous robotics in various industry verticals, and launch of high-tech products are creating opportunities for the AI chip market.
Sam Mowers, Investorideas.com
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