#AIEye
#Podcast 536: #Stocks discussed: (NasdaqGS: $INTC) (NasdaqGS: $CEVA)
#AI
Developer Designs AI-Powered Backpack for Visually Impaired Using Intel #Tech,
and CEVA Unveils MotionEngine Scout for #Autonomous #Robots
Global
AI in #Healthcare to Reach $107.79B by 2027
Point Roberts WA, Vancouver BC – March 24, 2021 – 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:
https://www.investorideas.com/Audio/Podcasts/2021/032421-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/03241INTC-CEVA.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:INTC) (NasdaqGS:CEVA)
AI developer Jagadish K. Mahendran and his team have designed an AI-powered, voice-activated
backpack that can help the visually impaired navigate and perceive the world,
using AI technology from Intel Corporation (NasdaqGS:INTC). The backpack employs a Luxonis
OAK-D spatial AI camera, which “runs on Intel Movidius VPU and the Intel®
Distribution of OpenVINO™ toolkit for on-chip edge AI inferencing.” According
to the press release, “the system audibly conveys information about common
obstacles including signs, tree branches and pedestrians,” and “also warns of
upcoming crosswalks, curbs, staircases and entryways.” Brandon Gilles, founder
and CEO of Luxonis, said:
"Our
mission at Luxonis is to enable engineers to build things that matter while
helping them to quickly harness the power of Intel AI technology. So, it is
incredibly satisfying to see something as valuable and remarkable as the
AI-powered backpack built using OAK-D in such a short period of time."
CEVA, Inc. (NasdaqGS:CEVA) has unveiled the Hillcrest Labs MotionEngine
Scout, described in the press release as “a highly accurate dead reckoning
software solution for intelligent navigation systems in indoor robots including
robot cleaners and Autonomous Mobile Robots (AMR) used in industrial or
commercial settings.” Chad Lucien, Vice President and General Manager of the
Sensor Fusion Business Unit at CEVA, explained:
“Our
vast experience in robot navigation, sensor fusion, calibration, and sensor
analytics have enabled us to deliver a high-precision dead reckoning software
solution that can enhance or provide an alternative to camera or LiDAR based
systems. MotionEngine Scout paves the way for a new class of indoor robots that
can intelligently navigate their environment while enabling OEM's to achieve
the challenging price points necessary to meet end user demand."
Global
AI in Healthcare to Reach $107.79B by 2027
Research published by ReportLinker finds that the global AI in Healthcare
market will grow from $3.99 billion in 2019 to $107.79 billion by 2027 with a
compound annual growth rate (CAGR) of 49.8 percent in the forecast period
2020-2027. An excerpt from the report summary pertaining to the influence of
the COVID-19 pandemic on the market reads:
The
artificial intelligence in healthcare market is expected to witness substantial
growth post-pandemic. The global healthcare infrastructure has observed that,
in order to develop and maintain sustainable healthcare setup, utilization of
computational technologies such as artificial intelligence has become crucial.
Moreover,
the majority of the market players have focused on the development of
AI-powered models to fight against the coronavirus pandemic. In addition,
several research centers and governments have actively participated in the
building of robust AI technologies which are assisting the healthcare
professionals to work efficiently even under shortage of resources.
Sam Mowers, Investorideas.com
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