The
#AIEye: AWS (NASDAQ: $AMZN) Launches Middle East Region, Oracle (NYSE: $ORCL)
Named Leader for Multiexperience Development Platform and VMware (NYSE: $VMW)
Extends Strategic Partnership with Google Cloud
Global
#AI in Healthcare to Reach $27.6 Billion by 2025
Point Roberts WA , Vancouver BC – July 30, 2019 – Investorideas.com (www.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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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NYSE:ORCL) (NYSE:VMW)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the launch of a new Middle East region based in
Bahrain. Andy Jassy, CEO, AWS, explains the significance of the expansion:
“The
cloud has the chance to unlock digital transformation in the Middle East.
Today, we are launching advanced and secure technology infrastructure that
matches the scale of our other AWS Regions around the world and are already
seeing strong demand in the Middle East for AWS technologies like artificial
intelligence and machine learning, data analytics, IoT, and much more. We are
excited to see how our cloud technology will provide new ways for governments
to better engage with citizens, for enterprises to innovate for their next
phase of growth, and for entrepreneurs to build businesses and compete on a
global scale.”
Oracle Corporation (NYSE:ORCL) has been named a Leader in Gartner's 2019 Magic Quadrant for Multiexperience Development Platforms report. According to the
press release, “Oracle's multiexperience development platform” leverages “the
power of machine learning of the Oracle Digital Assistant, Oracle Mobile Hub,
Oracle Visual Builder and Oracle Content and Experience to enable rapid
delivery of innovative, intelligent and consistent experiences across any
channel of choice - web, mobile, conversational, even voice and AR/VR.”
VMware, Inc. (NYSE:VMW) and Google Cloud have extended their strategic partnership with the
introduction of Google Cloud VMware Solution by CloudSimple. This new service
enables users to run VMware workloads in the Google Cloud Platform (GCP).
Thomas Kurian, CEO at Google Cloud, commented:
“Customers
increasingly want to run their mission-critical workloads, including those from
VMware, in Google Cloud. We’re delighted to partner with VMware to support
these workloads, enabling customers to leverage Google Cloud’s core
competencies such as secure, performant, global and highly available
infrastructure, AI, ML and analytics.”
Global
AI in Healthcare to Reach $27.6 Billion by 2025
A new report from Meticulous Research finds that the global AI
in Healthcare market will reach $27.6 billion USD by 2025 with a compound
annual growth rate (CAGR) of 43.5 percent during the forecast period 2018 to
2025. An excerpt from the report description outlines the rise in funding
witnessed in the space:
Artificial
intelligence (AI) and Machine Learning (ML) are playing a very important role
in healthcare industry. AI is predominantly used in clinical research, robotic
personal assistants, and big data analytics. Classic venture capitalists and
corporate strategic investors are both investing generously in this space.
According to Mercom Research Report 2017, Health IT funding set a record in
2017 with AI and predictive analytics as top tech funded, with patient
engagement, telehealth and clinical decision support close behind. Total
corporate funding for healthcare technology companies climbed to $8.2 billion
in 2017 reporting an increase of 47% from the $5.6 billion in 2016. The
worldwide venture funding for digital health startups increased from $5.1
billion in 2016 to $7.2 billion in 2017 posing a growth of 42% in one
year. According to TM Capital (U.S.),
healthcare AI venture capital deal volume and funding was valued at $794
million in investments across 90 deals in the healthcare AI space and it was expected
that AI-focused healthcare and wellness startups were to raise over $690
million from venture capital firms in 2017.
Sam Mowers,
Investorideas.com
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