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AI Eye Podcast 682: Stocks discussed: (NYSE: $HPE) (NYSE: $BBAI)

Titan Space Technologies Deploys ML Models on HPE AI System, and BigBear AI Acquires ProModel Corporation

 

Vancouver, Kelowna, Delta, BC - April 11, 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 682: Stocks discussed: (NYSE: $HPE) (NYSE: $BBAI)

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

Stocks discussed: (NYSE:HPE) (NYSE:BBAI)

Titan Space Technologies Corporation has announced the successful deployment of a suite of machine learning models on the HPE Spaceborne Computer-2, an edge computing and AI system from Hewlett Packard Enterprise Company (NYSE:HPE) aboard the International Space Station (ISS). Mark Fernandez, principal investigator of Spaceborne Computer-2, HPE, explained:

“As the industry continues to make progress in the rapid path to commercialization in space, optimizing key applications and capabilities on the International Space Station will be essential to support future, mission-critical spacecraft demands. We look forward to continuing collaborating with Titan Space Technologies and welcome its expertise and technical craftsmanship that is necessary to build required space infrastructure for successful commercial development in space."

BigBear.ai Holdings, Inc. (NYSE:BBAI) has acquired ProModel Corporation, described in the press release as “a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding, and other industries.” Reggie Brothers, CEO of BigBear.ai, commented:

"ProModel's solutions uncover new insights to improve quality and efficiency in manufacturing, distribution, and many other industries, making them a great fit for our commercial strategy. ProModel's focus on helping organizations make better decisions faster, coupled with its unrivaled corporate culture, perfectly aligns with our vision and mission. Our AI-powered decision support technology will offer tremendous advantages to ProModel's customers. We're excited to welcome them and all ProModel employees and partners into the BigBear.ai community."

Global AI in Healthcare Market to Reach $187.95B by 2030

A report published by Precedence Research finds that the global AI in Healthcare market is projected to grow from $11.06 billion USD in 2021 to over $187.95 billion by 2030, registering a compound annual growth rate (CAGR) of 37 percent in the forecast period 2022-30. The following excerpt from the report’s description outlines some key factors influencing the market’s growth in the forecast period:

The growing adoption of the digital technologies in the healthcare sector owing to the growing need for reducing the healthcare costs and offering enhanced quality patient care services to the patients are the prominent factors that are boosting the growth of the global artificial intelligence in healthcare market. The surging prevalence of various chronic diseases and growing elderly population is resulting in the increased pool of patients at hospitals. The large volume of patient health data is generated every day, which is required to be stored and managed effectively. The growing demand for the personalized medicines and the necessity of maintaining digital health records are significantly driving the artificial intelligence in the healthcare market.

Sam Mowers, Investorideas.com

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