#AIEye
Episode 380: Hitachi (OTC: $HTHIY) Collaborating with ThinkCyte on AI-Driven
Cell Analysis and Sorting System, Loop Insights (TSXV: $MTRX.V) Launching #AI
Cloud Software Product
Global
Enterprise AI Market to Reach $25 Billion by 2026
Point Roberts WA, Vancouver BC – July 1, 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/07011AIEye-Hitachi-LoopInsights.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC:HTHIY) (TSXV:MTRX)
Hitachi, Ltd. (OTC:HTHIY) has announced a collaboration with biotech firm ThinkCyte,
Inc. to develop an artificial intelligence (AI)-driven cell analysis and
sorting system. This will, according to the press release, involve a
combination of “ThinkCyte's high-throughput and high-content label-free single
cell sorting technology and Hitachi's know-how and capability [of] producing
stably operative instruments on a large scale.” The fruit of this collaboration
will be for the two firms to “develop a novel reliable system to enable
high-speed label-free cell isolation with high accuracy, which has been
difficult to achieve with the existing cell sorting techniques, and to realize
stable, low-cost and large-scale production of cells for regenerative medicine
and cell therapy.”
Transformative artificial intelligence solutions
provider Loop Insights Inc. (TSXV:MTRX) has announced the launch of "Loop
Cloud", an Application Programming Interface (API) cloud software product. Loop CSO David Salisbury explained:
“Brick
and mortar retailers struggle to make sense of their data and Loop solves this
problem. Not only that, we provide an automated tool that creates actionable
strategies for curating a better shopper experience and increasing operational
efficiencies."
Loop Cloud’s release deliberately coincides with
Covid-19 government restart plans in Canada, with the aim to “continue to
attract large-scale venues and business operators searching for turnkey
solutions as they reopen their doors.”
Global
Enterprise AI Market to Reach $25 Billion by 2026
A report from Verified Market Research finds that the global
Enterprise AI market will grow from $1.27 billion in 2018 to $25 billion by
2026 with a compound annual growth rate (CAGR) of 44.9 percent in the forecast
period 2019-2026. Enterprise AI is defined by the report as “the ability to implant
AI methodology, which combines the human capacities for learning, perception,
and interaction all at a level of complexity that will help the enterprises to
predict business outcomes.” An excerpt from the report’s description outlines
trends observed in the market:
Over
the last few years, the demand for AI technology from various businesses has
increased owing to the benefits. The new development & innovation across
industries and deployment of cloud-based solutions that offer low operational
and maintenance costs, and more scalability are some of the factors that are
expected to propel the growth of the market over the forecast period. However,
the lack of expert personnel, concerns related to data piracy, and the slow
digitization rate affecting the adoption of enterprise AI solutions in the
emerging economies are also expected to affect the growth of the market.
Moreover, growing demand for AI-based solutions and platforms from various
industries such as financial services, manufacturing, automotive, and
advertising creating opportunities for the market to grow.
Sam Mowers, Investorideas.com
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