The
#AIEye Podcast Episode 420: Amazon (NasdaqGS: $AMZN) Introduces #AI-Powered
“Halo” and WISeKey (NasdaqGS: $WKEY) Reaches Agreement with arago for WISeAI
Joint Venture
Global
Healthcare AI to Reach $51.3 Billion by 2027
Point Roberts WA, Vancouver BC – August 27, 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:AMZN) (NasdaqGS:WKEY)
Amazon (NasdaqGS:AMZN)
has introduced health and wellness service Amazon
Halo. According to the press release, the service “combines a suite of
AI-powered health features that provide actionable insights into overall
wellness via the new Amazon Halo app with the Amazon Halo Band, which uses
multiple advanced sensors to provide the highly accurate information necessary
to power Halo insights.” Maulik Majmudar, Principal Medical Officer, Amazon
Halo, explained:
"Despite
the rise in digital health services and devices over the last decade, we have
not seen a corresponding improvement in population health in the U.S. We are
using Amazon’s deep expertise in artificial intelligence and machine learning
to offer customers a new way to discover, adopt, and maintain personalized
wellness habits. Health is much more than just the number of steps you take in
a day or how many hours you sleep. Amazon Halo combines the latest medical
science, highly accurate data via the Halo Band sensors, and cutting-edge
artificial intelligence to offer a more comprehensive approach to improving
your health and wellness."
Cybersecurity and IoT firm WISeKey International
Holding AG (NasdaqGS:WKEY) and AI company arago have reached a final agreement to incorporate
WISeAI AG, a joint venture (JV) in Switzerland. Described as “the first ever
end-to-end AIoT platform,” WISeAI brings together “arago’s AI based Knowledge
Automation and Data platform HIRO and WISeKey’s Cybersecurity, European Root of
Trust and IoT/semiconductors technologies.” An excerpt from the press release
reads:
WISeKey’s
strategy to leverage its technology platform via long-lasting relationships
with a strategic partner, is designed to bring a stream of high-profile clients
that are in high demand for cybersecurity solutions, such as AI, digital identity
and privacy, secure mobile communication, secure cloud computing, IoT, secure
semiconductors, Blockchain and other innovative technologies offered by
WISeKey.
Global
Healthcare AI to Reach $51.3 Billion by 2027
A report published by Meticulous Research finds that the global
Healthcare AI market is expected to reach $51.3 billion by 2027 with a compound
annual growth rate (CAGR) of 41.4 percent in the forecast period 2020-2027. An
excerpt from the report’s description looks at the increased funding for the AI
in Healthcare market:
Artificial
Intelligence (AI) and Machine Learning (ML) are playing a very important role
in the healthcare industry. AI is predominantly used in clinical research,
robotic personal assistant, and big data analytics. Classic venture capitalists
and corporate strategic investors are both investing generously in this space.
According to the report from CB Insights, artificial intelligence-focused
health care companies raised nearly $1 billion in funding in the first quarter
of 2020. Also, healthcare analytics firm, Tricog Health India Pvt. (India), has
raised $10.5 million in a series B round of funding. The start-up helps in the
wellness, screening, and diagnosis of acute as well as chronic heart diseases
using AI & Machine Learning. The start-up has helped 3 million patients. As
of 2020, the private sector continues to play a significant role, with venture
capital (VC) funding for the top 50 firms in healthcare-related AI reaching
$8.5 billion, and big tech firms, startups, pharmaceutical and medical-devices
firms and health insurers, all engaging with the nascent AI healthcare
ecosystem. Thus, the rising fund in the healthcare artificial intelligence is
expected to fuel the growth in the AI market for healthcare during the forecast
period.
Sam Mowers, Investorideas.com
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