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AI Eye Podcast 625: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $NVDA)

IBM Bringing NLP Enhancements to Watson Discovery, and NVIDIA Announces Omniverse Replicator

 

Point Roberts, WA and Vancouver, BC - November 12, 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 625: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $NVDA)

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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:NVDA)

IBM (NYSE:IBM) has announced new natural language processing (NLP) enhancements planned for its AI-powered search technology Watson Discovery. Daniel Hernandez, General Manager of Data and AI, IBM, said:

"The stream of innovation coming to IBM Watson from IBM Research is why global businesses in the fields of financial services, insurance and legal services turn to IBM to help detect emerging business trends, gain operational efficiency and empower their workers to uncover new insights. The pipeline of natural language processing innovations we're adding to Watson Discovery can continue to provide businesses with the capabilities to more easily extract the signal from the noise and better serve their customers and employees."

NVIDIA Corporation (NasdaqGS:NVDA) has announced the NVIDIA Omniverse Replicator, described in the press release as "a powerful synthetic-data-generation engine that produces physically simulated synthetic data for training deep neural networks." The first implementations of the engine are being broken into two applications:

one for NVIDIA DRIVE Sim™, a virtual world for hosting the digital twin of autonomous vehicles, and another for NVIDIA Isaac Sim™, a virtual world for the digital twin of manipulation robots.

Rev Lebaredian, vice president of simulation technology and Omniverse engineering at NVIDIA, explained:

"Omniverse Replicator allows us to create diverse, massive, accurate datasets to build high-quality, high-performing and safe datasets, which is essential for AI. While we have built two domain-specific data-generation engines ourselves, we can imagine many companies building their own with Omniverse Replicator."

Global AI in Diagnostics Market to Grow by $2.22B from 2022-26

A report published by Technavio finds that the global market for AI in Diagnostics is projected to grow $2.22 billion USD and register a compound annual growth rate (CAGR) of 32.14 percent from 2022-2026. 54 percent of this growth is expected to come from the North American market, facilitated, according to the report, by "the rising prevalence of chronic diseases." An excerpt from the report's summary reads:

The increasing application of artificial intelligence in the healthcare industry is notably driving AI in diagnostics market growth, although factors such as cybersecurity issues may impede market growth.

Sam Mowers, Investorideas.com

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