AI Eye Podcast 688: Stocks discussed: (NYSE: HPE) (NYSE: CRL)
HPE Announces Launch of Swarm Learning AI Solution, and Charles River Labs Launches AI-Powered Drug Solution Logica with Valo Health
Vancouver, Kelowna, Delta, BC - April 27, 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 688: Stocks discussed: (NYSE: $HPE) (NYSE: $CRL)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:HPE) (NYSE:CRL)
Hewlett Packard Enterprise Company (NYSE:HPE) has announced the launch of HPE Swarm Learning, described in the press release as "a breakthrough AI solution to accelerate insights at the edge, from diagnosing diseases to detecting credit card fraud, by sharing and unifying AI model learnings without compromising data privacy." Justin Hotard, executive vice president and general manager, HPC & AI, at HPE, said:
"Swarm learning is a new, powerful approach to AI that has already made progress in addressing global challenges such as advancing patient healthcare and improving anomaly detection that aid efforts in fraud detection and predictive maintenance. HPE is contributing to the swarm learning movement in a meaningful way by delivering an enterprise-class solution that uniquely enables organizations to collaborate, innovate, and accelerate the power of AI models, while preserving each organization's ethics, data privacy, and governance standards."
Charles River Laboratories International, Inc. (NYSE:CRL) and Valo Health, Inc. have launched Logica, described as "an artificial intelligence (AI) powered drug solution that directly translates clients' biological insights into optimized preclinical assets." Logica works by incorporating Valo's AI-powered Opal Computational Platform and Charles River's "leading preclinical expertise, providing clients with transformed drug discovery with a single integrated offering seamlessly translating targets to candidate nomination." Birgit Girshick, Corporate EVP & COO, Charles River, said:
"Through our partnership with Valo, we're integrating Charles River's laboratory capabilities with industry-altering AI-driven molecular design to provide our clients with highly advanceable leads and candidates, while tying client costs to value generation. AI-powered solutions are driving drug discovery forward and this is the kind of innovation our industry needs to ultimately bring effective treatments to patients faster."
Global AI in Manufacturing Market to Reach $16.3B by 2027
Research published by ReportLinker finds that the global AI in Manufacturing is projected to grow from $2.3 billion USD in 2022 to $16.3 billion by 2027, registering a compound annual growth rate (CAGR) of 47.9 percent in the forecast period 2022-2027. An excerpt from the report's summary outlines some key influences on the market's growth:
The growing demand of factors such as improving computing power of AI chipsets is expected to grow the market at an estimated rate. Increasing adoption of AI has been observed as a new driver for semiconductor chipset manufacturers in the past few years. GPU/CPU manufacturers, such as NVIDIA, AMD, Intel, Qualcomm, Huawei, and Samsung, have significantly invested in AI hardware for the development of chipsets that are compatible with AI-based technologies and solutions.
Sam Mowers, Investorideas.com
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