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AI Eye Podcast 684: Stocks discussed: (NYSE: $PATH) (NasdaqGM: $IPA)

UiPath Announces Strategic Partnership with NCS, and IPA Completes Acquisition of BioStrand

 

Vancouver, Kelowna, Delta, BC - April 18, 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 684: Stocks discussed: (NYSE: $PATH) (NasdaqGM: $IPA)

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

Stocks discussed: (NYSE:PATH) (NasdaqGM:IPA)

UiPath, Inc. (NYSE:PATH) has announced a strategic partnership with technology services firm NCS for "the deployment of enterprise-grade automation capabilities." Howie Lau, Managing Partner of Corporate Development and Partnerships, NCS, said:

"The convergence of 5G, IoT, and artificial intelligence (AI) has created new business opportunities for enterprises and consumers. To fully capitalize on this, enterprises need to improve the performance, flexibility, and reliability of their technology. NCS is investing in developing intelligent and automated operating models to deliver rich customer experiences and drive high-impact employee engagement. Through our partnership with UiPath, we are reimagining and simplifying internal processes by integrating automation into our business units and products to offer our clients more intelligent and elevated services for the digital age."

ImmunoPrecise Antibodies, Ltd. (NasdaqGM:IPA) has completed its previously announced acquisition of control over Belgian biotech entities BioStrand BV, BioKey BV, and BioClue BV - henceforth to be collectively referred to as BioStrand. Jennifer Bath, CEO of IPA, explained:

"Uniting BioStrand and IPA reflects the Company's commitment to acquiring truly transformative technologies that leapfrog traditional competencies driving the development of safe and effective antibody therapies. For several years IPA's team has scrutinized artificial intelligence (AI) and machine learning technologies, in search of capabilities that don't simply give a nod to an opaque use of computationally-driven analyses, nor incremental and limited additions to currently existing research tools, but instead change the trajectory of personalized medicines and the philosophy behind what is truly meaningful for the future of AI in the life sciences."

Global AI in Military Market to Reach $13.71B by 2028

A report published by Vantage Market Research finds that the global AI in Military market is projected to grow from $6.62 billion USD in 2021 to $13.71 billion by 2028, registering a compound annual growth rate (CAGR) of 12.9 percent in the forecast period 2022-28. An excerpt from the report's description outlines some factors influencing the growth of the market:

The growth of Artificial Intelligence In Military sector is mainly attributed to the growth in the development of Artificial Intelligence integrated systems and the increasing adoption of cloud-based high-performance computers and applications. Moreover, the increase in government initiatives and funding for the defense sector in major countries to advance AI capabilities, and the development of specialized AI chips in the market are projected to fuel the growth of the Artificial Intelligence In Military market in the coming years.

Sam Mowers, Investorideas.com

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