The
#AIEye: Nuance (NasdaqGS: $NUAN) Announcers Collaboration with AMA and Veritone
(NasdaqGS: $VERI) Signs Multiyear Agreement with Canada’s Bell Media
Global
Emotion Detection and Recognition Market to Reach $56 Billion by 2024
Point Roberts WA, Vancouver BC – March 2, 2020 – 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:NUAN) (NasdaqGS:VERI)
Nuance Communications, Inc. (NasdaqGS:NUAN)
has announced a strategic collaboration with the
American Medical Association (AMA) to pilot documentation burden solutions for
physicians. The collaboration will leverage Nuance’s ambient clinical
intelligence (ACI), an AI-powered solution that transforms “clinical
conversations between patients and physicians into reliable medical chart
notes,” as well as “AMA’s expertise in physician burnout prevention and
healthcare informatics.” Nuance CEO Mark Benjamin commented:
“Our
collaboration with the AMA is another key step toward solving one of the most
difficult and high-priority problems facing all of healthcare today - the
challenge of reducing physician and other caregiver burnout so that providers
can refocus on the patient. It’s also a great example of how Nuance is
continuing to combine AI-powered technical innovation, domain focus, and close
collaboration with trusted partners like the AMA, Microsoft, and our EHR
partners to deliver solutions from which we can all benefit.”
Veritone, Inc. (NasdaqGS:VERI)
has entered a multiyear agreement with Canadian
mass media giant Bell Media to bring its “content and ad intelligence
solutions,” to almost 40 of the latter’s “top-performing radio and television
stations in a dozen markets throughout Canada.” Paul Cramer, Managing Director
of Enterprise Radio Solutions, Veritone, said:
"Veritone
is honored to work with Bell Media to bring AI-enabled content and ad
intelligence to its national and local advertisers .Veritone has quickly become
an industry standard, adopted by thousands of stations throughout the U.S.,
which demonstrates the value that both Canadian broadcasters and advertisers
will now receive as well. I am excited to work with Bell Media to chart the
course in the Canadian market."
Both Nuance and Veritone’s stock are in the green
today, likely buoyed by the wide recovery seen in the stock market following
last week’s Coronavirus-fuelled downturn. Veritone in particular is posting
growth of about 5.5 percent at press time.
Global
Emotion Detection and Recognition Market to Reach $56 Billion by 2024
A report from Markets and Markets finds that the global
Emotion Detection and Recognition market is projected to grow from $21.6
billion in 2019 to $56.0 billion by 2024 with a compound annual growth rate
(CAGR) of 21 percent in the forecast period. An excerpt from the report
description outlines the substantial role played by natural language processing
(NLP) in the market’s growth:
Natural
Language Processing (NLP) is a subfield of Artificial Intelligence (AI) that
enables computers to understand human languages, including slangs, accents, and
contractions, to produce human-like speech and text. It executes a lexical
analysis that evaluates languages and sets of data, based on human languages.
NLP empowers computers to perform tasks, such as translation, question
answering, content classification, part-of-speech tagging, language detection,
parsing, lemmatization/stemming, and semantic reasoning. NLP-powered
applications are gaining traction in different applications, such as speech and
voice recognition, gesture recognition, computer-assisted coding, and data
mining.
Sam Mowers, Investorideas.com
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