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AI Eye Podcast 549: Stocks discussed: (NasdaqGS: $AAPL) (NYSE: $SAIC)

Apple to Create AI and ML Jobs with $430B Commitment, and SAIC Acquiring Koverse

 

Point Roberts, WA and Vancouver, BC - April 26, 2021 (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 549: Stocks discussed: (NasdaqGS: $AAPL) (NYSE: $SAIC)

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

Stocks discussed: (NasdaqGS:AAPL) (NYSE:SAIC)

Apple (NasdaqGS:AAPL) has announced plans to contribute more than $430 billion and add 20,000 new jobs across the U.S. over the next five years. This includes an investment of over $1 billion in North Carolina, involving the construction of a new campus and engineering hub in the Research Triangle area. This, according to the press release "will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields." Tim Cook, Apple's CEO, commented:

"At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states. We're creating jobs in cutting-edge fields - from 5G to silicon engineering to artificial intelligence - investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future."

Science Applications International Corporation (NYSE:SAIC) has entered into a definitive agreement to acquire Koverse, described in the press release as "a software company that provides a data management platform enabling artificial intelligence (AI) and machine learning on complex, sensitive data." Jon Matsuo, president and CEO of Koverse, explained:

"This transaction will drive faster innovation and enable organizations to transform how they use complex and sensitive data. Joining forces with SAIC creates a direct channel to include Koverse as the underlying data platform in large, important pieces of the emerging defense and national intelligence community mission."

North American AI in Healthcare Market to Reach $44.05B by 2027

Research published by ReportLinker finds that the North American market for AI in Healthcare is expected to grow from $1.605 billion in 2019 to $44.05 billion by 2027 with a compound annual growth rate (CAGR) of 50.1 percent in the forecast period 2020-2027. An excerpt from the report's summary reads:

"...a significant increase in the number of artificial intelligence startups in the healthcare sector is anticipated to positively influence the North America market growth during the forecast period. Additionally, growing usage of artificial intelligence in the healthcare industry is among the other factors expected to fuel the demand for artificial intelligence in healthcare in North America."

Sam Mowers, Investorideas.com

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