The
#AIEye Episode 360: Patriot One’s (TSX: $PAT.TO) (OTC: $PTOTF) Xtract
AI Secures $150K Grant for #AI Donation/Transplant Solution and Accenture
(NYSE:$ACN) Completes Acquisition of French AWS (NasdaqGS: $AMZN) Company Gekko
Global
Image Recognition Market to Reach $81.88 Billion by 2026
Point Roberts WA, Vancouver BC – June 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/06021AIEye-PAT-ACN-AMZN-Gekko.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (TSX:PAT) (OTC:PTOTF) (FRANKFURT:0PL) (NYSE:ACN) (NasdaqGS:AMZN)
Xtract Technologies Inc, a wholly-owned subsidiary of
Patriot One Technologies Inc. (TSX:PAT) (OTC:PTOTF)
(FRANKFURT: 0PL), has secured a $150,000 CAD grant with Health
Canada to use AI to improve success rates of organ donation and
transplantations within Canada. According to the press release, “Xtract AI will
develop a semi-automated deep learning system to identify the best potential
for donor-recipient matches for kidney transplantation. Building on publicly
available data, these matches will be labeled as a “good” or “bad” based on the
organ survival times. This dataset will then be used to train a model which can
be used for identifying better matches. This system can be used to identify a
confidence score for all of the possible matches and will be ranked to identify
optimal donors for a given recipient.” Elliot Holtham, a founder at Xtract AI,
said:
“This
is exciting work for a very important issue. Deep learning algorithms are
highly generalizable and we hope our model may be expanded to other organ
transplants, as needed.”
Accenture (NYSE:ACN) has completed its acquisition of French Amazon Web
Services (AWS) (NasdaqGS:AMZN) cloud services company Gekko.
According to the press release, this acquisition “strengthens Accenture's
leadership position in cloud and artificial intelligence,” and “extends its
ongoing relationships with key technology providers.” At the time the
acquisition was originally announced, on April 20, 2020,
Roland Esnis and Julien Favre, co-founders and CEOs of Gekko, explained:
"In
the fast-growing cloud market, joining Accenture would be a unique opportunity
to help even more organizations to leverage journey to the cloud for
accelerating their digital transformations, growing their businesses and
improving customer experiences. By combining the renowned talent, reputation
and capabilities of Gekko with Accenture’s strong team of AWS practitioners in
France, we would be better positioned to lead the industry in cloud services in
France."
Global
Image Recognition Market to Reach $81.88 Billion by 2026
A report from Fortune Business Insights finds that the global
Image Recognition market will grow from $20.19 billion in 2018 to $81.88
billion by 2026 with a compound annual growth rate (CAGR) of 19.6 percent in
the forecast period. The report indicates that this market is driven, in part,
by “advancements in artificial intelligence and machine learning.” An excerpt
from the report summary outlines some factors influencing the market’s growth:
Increasing
demand for facial recognition solutions and cloud-based services are the
factors expected to provide growth opportunities for the global image
recognition market during the forecast period. The increasing pace of
technological advancements in facial recognition solutions is providing ample
growth opportunities in several industry areas. Moreover, the use of facial
recognition technology for surveillance, and to track criminal activities in
public places is expected to increase due to a wide application of image
recognition technology in law enforcement.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
or become an Investor Ideas member
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