The #AIEye #Podcast Episode 490: PostEra Partnering with Pfizer (NYSE: $PFE) to Accelerate Drug Discovery with #MachineLearning and Honeywell (NYSE: $HON) Announces Air Detective
Global AI Chip
Market to Reach $253.3 Billion by 2030
Point Roberts WA, Vancouver BC – December 7, 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:
(NYSE:PFE) (NYSE:HON)
PostEra, a biotechnology company specializing in
machine learning solutions for preclinical drug discovery, has announced a strategic partnership with Pfizer
Inc. (NYSE:PFE), to accelerate “small molecule drug
discovery by developing a platform technology based on generative chemistry.”
According to the press release, PostEra’s ML achieves this “by designing novel
molecular structures with optimised potency and drug-like properties.” Aaron
Morris, CEO of PostEra, said:
"PostEra is
delighted to be working with Pfizer to solve some of the key pain points in
preclinical drug discovery. As a team we are proud to be entering this
collaboration and will be leveraging PostEra's many advances in machine
learning to help Pfizer accelerate progress toward novel therapeutics."
Honeywell International Inc. (NYSE:HON) has announced Honeywell Air Detective, a new
airborne particle analyzer that leverages AI, machine learning, and cloud
computing to “enable HVAC service providers and environmental testing professionals
to better inform home and building owners of the quantity and type of particles
present in the air.” Sarah Martin, president of Honeywell's Sensing and
Internet of Things (IoT) business, explained:
"Understanding
what is in the air inside your home or building is a top priority for owners.
HVAC, environmental testing, and other service professionals are looking for
innovative solutions that will help them test air quality on the spot and
determine the specific equipment, service and system upgrades needed to improve
the indoor air quality. We have developed a cost-effective, portable analyzer
that uses holographic microscopy and cloud technology to 'take pictures' and
classify airborne particles. Honeywell continues to provide solutions to help improve
air quality for people while at home, on the job or when traveling."
Global AI Chip
Market to Reach $253.3 Billion by 2030
A report published by Research and Markets finds that the global AI
Chip market will grow from $9.29 billion in 2019 to $253.30 billion by 2030
with a compound annual growth rate (CAGR) of 35 percent in the forecast period
2020-2030. An excerpt from the report description outlines trends observed in
the market:
With the growing
technological advancements, the market is rapidly switching towards the smart
devices, smart homes, and smart cities, where AI Chips are widely used. This
has resulted in tremendous elevation of the demand for Artificial Intelligence
(AI) Chip market. Moreover, increased investments in AI start-ups and the
emergence of quantum computers are expected to boost the market growth. Also,
rise in application of AI technology and robotics is expected to further propel
the market growth.
However, high
development costs and lack of skilled work-forces impede the artificial
intelligence (AI) chip market. On the other hand, surge[s] in R&D,
increase[s] in the use of autonomous robotics in various industry verticals,
and launch of high-tech products are creating opportunities for the AI chip
market.
Sam Mowers, Investorideas.com
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