#AIEye
#Podcast 538: #Stocks discussed: (NYSE:$PHG) (NasdaqGS: $VERI)
Royal
Philips Partnering with Orbita for Next Gen Virtual Assistants, and Veritone
Wins 2021 #AI Excellence Award
Global
#AI in #Fintech Market to Reach $26.67B by 2026
Point Roberts WA, Vancouver BC – March 29, 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/2021/032921-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/03291PHG-VERI.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:PHG) (NasdaqGS:VERI)
Royal Philips (NYSE:PHG) is partnering with conversational AI solutions
for healthcare provider Orbita, Inc., to “co-create next-generation
conversational virtual assistants for Philips’ consumer health and patient
support applications.” Henk van Houten, CTO and Head of Philips Research,
explained:
“With
the acceleration in the adoption of telehealth during the COVID-19 pandemic,
AI-enabled voice services, virtual assistants and chatbots are already playing
an enabling role in driving 24/7 access to healthcare, enhancing patient
engagement, and improving clinical efficiency. Orbita is a not only a leader
and innovator in voice and chat-powered virtual assistants that deliver the
human touch needed in healthcare, but also a company that can keep up with the
rapid pace of telehealth innovation that Philips is determined to pursue.”
Veritone, Inc. (NasdaqGS:VERI) has been named the winner in the 2021 Artificial
Intelligence Excellence Awards by Business Intelligence Group for its patented
suite of real-time AI-powered Veritone Energy Solutions. The suite was launched
in the fall of 2020, and according to the press release, optimizes “smart grid
energy distribution by continuously knowing how much of what type of energy to
deliver where, providing grid resilience and autonomous microgrid management
when portions of the grid fail, and optimal economic dispatch during normal
operations.” Chad Steelberg, CEO and founder of Veritone, said:
"We
are honored to be recognized as a top AI company for our suite of AI-powered
energy solutions. As the world transitions to more renewable energy resources,
the unpredictability of these green energy sources poses a challenge to supply
and demand. AI enables grid operators and developers to better forecast,
dispatch and store energy in real-time enabling a smooth transition to renewables."
Global
AI in Fintech Market to Reach $26.67B by 2026
Research from ReportLinker finds that the global AI in
Fintech market is expected to grow from $7.91 billion in 2020 to $26.67 billion
by 2026 with a compound annual growth rate (CAGR) of 23.17 percent in the
forecast period 2021-2026. An excerpt from the report’s summary outlines some
of the growing application of AI in the market:
Fintech
has been undergoing a continued evolution in the landscape of investment
management. Advanced technology and solution adoption, including the use of big
data, AI, and machine learning (ML) to help businesses evaluate investment
opportunities, optimize their investment portfolios, and mitigate the
associated risks have been clinical in the technology adoption.
The
investment advisory services, for instance, are undergoing radical changes with
the growth and evolution of automated wealth advisers. These advisers can
assist the investors without the intervention of a human adviser, and can also
be used in combination with a human adviser. It extends the ability to provide
tailored, actionable advice to its investors with ease of access, at a
partially lower cost.
Sam Mowers, Investorideas.com
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