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AI Eye Podcast 698: Stocks discussed: (NYSE: GWRE) (ASX: BRN)

Gradient AI Joins Guidewire Insurtech Vanguards Program, and BrainChip Joins Arm AI Partner Program

 

Vancouver, Kelowna, Delta, BC - May 23, 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 698: Stocks discussed: (NYSE: GWRE) (ASX: BRN)

May 23, 2022

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

Stocks discussed: (NYSE:GWRE) (ASX:BRN)

Private firm Gradient AI, an enterprise software provider of AI solutions for the insurance industry, has announced that it has joined the Insurtech Vanguards program led by tech firm Guidewire Software, Inc. (NYSE:GWRE). According to the press release, Insurtech Vanguards is "a community of select startups and technology providers that are bringing novel solutions to the P&C industry," wherein Gradient AI will "help insurers learn about the newest insurtechs and how to best leverage them." Laura Drabik, Guidewire's chief evangelist, commented:

"Gradient AI is an effective, innovative, and proven insurance solution providing insurers the intelligence needed to significantly improve their efficiency and profitability in claims and underwriting operations. We are thrilled to welcome Gradient AI as part of our program so our mutual customers can harness the powerful benefits of AI and its competitive advantages in pricing, underwriting, and claims management."

BrainChip Holdings Ltd. (ASX:BRN) has been accepted into the Arm AI Partner Program, described as "an ecosystem of hardware and software specialists enabling developers to deliver the next generation of AI solutions." Joining the Arm Program allows BrainChip to build out its own ecosystem for Akida, the company's neuromorphic processor. Jerome Nadel, BrainChip's CMO, said:

"It's valuable for BrainChip to be part of Arm's portfolio of partners as Arm is not only a leading provider of AI technologies, but an industry influencer. Arm offers us another channel to give end users access to Akida, the world's first commercial neuromorphic AI accelerator, and to foster the development of best-in-class AI products and applications."

Global AI in Drug Discovery Market to Reach $9.1B by 2030

Research published by ReportLinker finds that the global AI in Drug Discovery market is projected to reach $9.1 billion USD by 2030, registering a compound annual growth rate (CAGR) of 29.4 percent in the forecast period 2022-30. An excerpt from the report's description outlines the adoption of AI as a response to the COVID-19 pandemic:

The pandemic has made the adoption of AI more widespread in the pharma industry. AI and its related platforms aim to enhance medical imaging and diagnostics, management of chronic diseases, and drug designing. The overall human hours spent would be far more in comparison to the AI system scanning the same data, which reduces overall cost and is a more feasible approach.

Sam Mowers, Investorideas.com

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