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AI Eye Podcast 695: Stocks discussed: (ASX: BRN) (TSX: DTOL)

BrainChip Partners with Edge Impulse, and D2L Expands Use of AI Tech

 

Vancouver, Kelowna, Delta, BC - May 16, 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 695: Stocks discussed: (ASX: BRN) (TSX: DTOL)

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

Stocks discussed: (ASX:BRN) (TSX:DTOL)

BrainChip Holdings Ltd. (ASX:BRN) and Edge Impulse, a development platform for machine learning (ML) on edge devices, are partnering to deliver next-generation platforms to customers looking to develop products utilizing the companies' machine learning capabilities. Jerome Nadel, BrainChip's CMO, said:

"Partnering with Edge Impulse creates a unique market solution that brings their powerful and easy to use AI/ML application design platform unparalleled performance with BrainChip's silicon proven on-chip learning and ultra-low power IP. We continue to look for partnerships that will advance opportunities to enable a wide array of edge AI capabilities, such as continuous learning and real-time inference. Edge Impulse is a perfect addition to our ecosystem of providers enabling next-generation technology to markets around the world."

Global learning technology company D2L Inc. (TSX:DTOL) has announced an expansion in its use of intelligent technology, including artificial intelligence, smart workflow design, and automation, to "help educators personalize learning." John Baker, President and CEO of D2L, said:

"For more than a decade, D2L has been at the forefront of building intelligent tools within our products to make it easier to build engaging experiences and get the right feedback to learners when they need it the most. Personalizing learning is not easy, and our goal with intelligent tools is to help instructors save time, so they can focus on what really matters: improving outcomes for their learners."

Global AI in Pharma to Reach $7.14B by 2029

A report published by Polaris Market Research finds that the global AI in Pharmaceutical market is projected to grow from $859.1 million USD in 2021 to $7.14 billion in 2029, registering a compound annual growth rate (CAGR) fo 31.2 percent in the forecast period 2022-29. The following excerpt from the report's description outlines the ways in which AI is being leveraged in the market:

Drug discovery, smart manufacturing, automated control processes systems, the prediction of new treatments, and the production of novel peptides from natural foods raise awareness for the use of AI in pharma.

Furthermore, pharma companies present across the global market are using advanced machine learning algorithms and AI-powered tools to speed up the drug discovery process. These technologies are designed to detect complex patterns in vast datasets and may thus solve problems related to complex biological networks.

Sam Mowers, Investorideas.com

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