AI Eye Podcast 679: Stocks discussed: (NYSE: ACN) (NasdaqGS: QCOM)
Accenture Joins AI4BetterHearts, and Qualcomm Completes Acquisition of Arriver for Advanced Driver Assistance System Solutions
Vancouver, Kelowna, Delta, BC - April 4, 2022 (Investorideas.com Newswire) 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 679: Stocks discussed: (NYSE: $ACN) (NasdaqGS: $QCOM)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:ACN) (NasdaqGS:QCOM)
Accenture (NYSE:ACN) has joined AI4BetterHearts, described as "a global data collaborative," "using artificial intelligence (AI) and advanced analytics to better understand the drivers of CV [cardiovascular) health, including health inequities, in large populations." Stuart Henderson, global Life Sciences lead for Accenture, said:
"We are joining the AI4BetterHearts collaborative to help further its ambitions to prevent cardiovascular disease. By applying technology, we can develop data-driven insights on the true catalysts of health and equity and help drive informed decisions for policy change. We aim to contribute to sustainable population health by integrating innovation and emerging technologies."
Qualcomm Incorporated (NasdaqGS:QCOM) has completed its acquisition of Arriver from SSW Partners, enhancing its ability to "deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale." This will see Qualcomm Technologies incorporate Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its "leading Snapdragon Ride Platform portfolio." Nakul Duggal, senior vice president and GM, automotive, Qualcomm Technologies, Inc., explained:
"As we become a key technology partner to the automotive industry, Arriver's Driver Assistance assets will accelerate our efforts to deliver a leading, ADAS solution as part of our Snapdragon® Digital Chassis™ platform. We remain committed to offering advanced solutions for all vehicle tiers and levels and with Arriver's Driver Assistance assets now part of the Snapdragon Ride™ Platform, we are better positioned to power the future of autonomous driving. We are thrilled to welcome the talented team from Arriver."
Global MLaaS Market to Reach $38.81B by 2028
A report published by Verified Market Research finds that the global Machine Learning as a Service (MLaaS) market is projected to grow from $2.48 billion in 2020 to $38.81 billion by 2028, registering a compound annual growth rate (CAGR) of 41.2 percent in the forecast period 2021-28. An excerpt from the report's description outlines some factors influencing the market's growth:
[The} Machine Learning as A Service Market is sustaining huge growth due to technological advances and a rise in the number of research & development efforts all around the world. Another important factor driving the market growth is the growing adoption of cloud-based platforms. Moreover, the rising emphasis on customer-centric behavior is driving overall growth.
Sam Mowers, Investorideas.com
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