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AI Eye Podcast 643: Stocks discussed: (CSE: DIGI) (OTC: XCRT)

DigiMax Launching ESG AI Division, and Xcelerate to Acquire Controlling Interest in AfiyaSasa Africa

 

Point Roberts, WA and Vancouver, BC - January 3, 2022 (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 643: Stocks discussed: (CSE: DIGI) (OTC: XCRT)

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

Stocks discussed: (CSE:DIGI) (OTC:XCRT)

DigiMax Global Inc. (CSE:DIGI) has announced that it is launching an ESG Solutions Division, which will use "Artificial Intelligence and Predictive Analytics to close multiple gaps in the ESG (Environmental, Social and Governance) investment space that will help investors make better investment decisions and also help developers lower their cost of capital." DigiMax is also investing $250,000 USD to acquire MADA Analytics, a company that leverages AI solutions for renewable energy projects. DigiMax CEO Chris Carl said:

"We believe that MADA is a perfect partner for DigiMax as we can provide the AI expertise that they require to take their already amazing product offering to the next level. DigiMax sees this as a substantial recurring revenue business that provides optimization and cost-saving solution to EVERY renewable energy project on the planet in an industry that consists of several $trillion of installed projects globally and $300-500 billion of new projects being funded annually. If MARICube can provide even a 5% funding cost reduction or a 2% operating cost reduction to these projects, the value delivered to industry participants is enormous."

Xcelerate Inc. (OTC:XCRT) has signed a Membership Interest Purchase Agreement to acquire a 51 percent interest in AfiyaSasa Africa, LLC (ASA), a start-up medical technology and virtual health company that leverages AI and Augmented Reality technology aimed "to help patients in developing countries meet their medical needs by extending the reach of physicians." Michael O'Shea, Xcelerate's CEO, said:

"ASA is uniquely positioned to help the people of Africa meet their medical needs by extending the reach of physicians to their patient's mobile devices through a patented breakthrough technology."

Global AI in Packaging Market to Register 55.2% CAGR 2021-26

A report published by Global Market Estimates finds that the global AI in Packaging market will register a compound annual growth rate (CAGR) of 55.2 percent in the forecast period 2021-2026. An excerpt from the report summary outlines some factors influencing the market's growth:

The market for AI in packaging industry is driven by factors such as rising numbers of large and complex datasets, increasing demand for contamination free packaging process, evolving industrial IoT and automation process, rising need for warehouse automation, and increasing monetary support by public-private ventures for developing smart robots and machines. Moreover, rising demand for growth in the operational efficiency of packaging plants, application of AI in intelligent business segment, and adoption of automation technologies to curb effects of COVID-19 are some of the other factors supporting the growth of the market.

Sam Mowers, Investorideas.com

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