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AI Eye Podcast 719: Stocks discussed: (NYSE: $ACN) (NasdaqGS: $NVDA) (NYSE: $DELL)

Accenture Ventures Invests in Pixxel, and NVIDIA Collaborates with Dell Technologies on Data Center for AI

 

Vancouver, Kelowna, Delta, BC - August 30, 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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https://www.investorideas.com/Audio/Podcasts/2022/083022-AI-Eye.mp3

AI Eye Podcast 719: Stocks discussed: (NYSE: $ACN) (NasdaqGS: $NVDA) (NYSE: $DELL)

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

Stocks discussed: (NYSE:ACN) (NasdaqGS:NVDA) (NYSE:DELL)

Accenture (NYSE:ACN) has announced a strategic investment - through its subsidiary Accenture Ventures - into tech firm Pixxel. The latter, according to the press release, "is building the world's highest resolution hyperspectral imaging satellite constellation in order to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of the cost of traditional satellites." Tom Lounibos, managing director, Accenture Ventures, said:

"We continue to take great interest in startups within the burgeoning space industry, which some have forecasted will reach $1 trillion in revenue by the year 2040, and Pixxel is a particularly exciting company sitting at the intersection of space technology and sustainability. Imagine being able to predict a famine before a crop infestation takes over or stop an oil spill before it endangers delicate oceanic biospheres. Pixxel's hyperspectral imaging technology has the potential to do just that, and in doing so, could help scientists address some of the world's most pressing challenges to our Earth."

NVIDIA Corporation (NasdaqGS:NVDA) and Dell Technologies (NYSE:DELL) have announced a new data center solution "for the era of AI, bringing state-of-the-art AI training, AI inference, data processing, data science and zero-trust security capabilities to enterprises worldwide." Manuvir Das, head of Enterprise Computing at NVIDIA, explained:

"AI and zero-trust security are powerful forces driving the world's enterprises to rearchitect their data centers as computing and networking workloads are skyrocketing. VMware vSphere 8 offloads, accelerates, isolates and better secures data center infrastructure services onto the NVIDIA BlueField DPU, and frees the computing resources to process the intelligence factories of the world's enterprises."

Global Market for AI in Drug Discovery to Reach $24.61B by 2029

A report published by Data Bridge Market Research finds that the global market for AI in Drug Discovery is projected to reach $24.61 billion USD by 2029, registering a compound annual growth rate (CAGR) of 53.3 percent in the forecast period 2022-29. An excerpt from the report's description reads:

The adoption of AI solutions in the clinical trial process eliminates possible obstacles, reduces clinical trial cycle time and increases the productivity and accuracy of the clinical trial process. Technological advancements in AI for drug discovery and reduction in total time involved in drug discovery process are other factors driving the market growth in the forecast period. However, low quality and inconsistent available data will obstruct the market growth. Also, high cost associated with technology and technical limitations will restrain the market growth.

Sam Mowers, Investorideas.com

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