#AIEye
#Podcast 552: #Stocks discussed: (NasdaqGS: $LTRN) (TSXV: $MCLD.V)
Lantern
Pharma Enters R&D Collaboration with Actuate Therapeutics, and mCloud’s #AI-Powered
AssetCare Adopted by Cadence Financial Group
Global
Image Recognition Market to Reach $4.5B by 2026
Point Roberts WA, Vancouver BC – May 3, 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/2021/050321-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/05031LTRN-MCLD.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:LTRN) (TSXV:MCLD)
Lantern Pharma, Inc. (NasdaqGS:LTRN) has entered into a research and development
collaboration with Actuate Therapeutics, wherein Lantern’s RADR machine
learning technology, large-scale oncology datasets, and A.I. platform will
“accelerate key aspects of Actuate's 9-ING-41 drug candidate.” Panna Sharma,
CEO and President of Lantern Pharma, explained:
"Companies
like Actuate that are adopting methods that are at the forefront of this new
era of data and A.I. guided drug development have the potential to conduct
future clinical trials with biomarker signatures that have been generated at a
fraction of the cost of traditional techniques. Using highly scalable
machine-learning methods to guide drug development can potentially yield new
biological insights, while also increasing response rates and improving
outcomes in clinical trials.”
mCloud Technologies Corp. (TSXV:MCLD) has announced that wealth management firm Cadence
Financial Group is adopting mCloud's AI-powered AssetCare platform as its air
quality solution. According to the press release, “Cadence's head office is
being equipped with a combination of IoT-enabled 24/7 air quality monitoring
and AI-driven connected air purification capable of outperforming standard HEPA
filtration by continuously eliminating up to 95% of harmful particulates and
contaminants smaller than one micron in size.” Patrick O'Neill, mCloud's
President for Connected Buildings, said:
"We
are excited to see Cadence join the fast-growing number of customers who are
adopting our AssetCare IAQ solution. Our ability to connect one floor of a
larger commercial building enabled Cadence to act swiftly in bringing cleaner
indoor air to their spaces without the overhead typically associated with a
smart building solution."
Global
Image Recognition Market to Reach $4.5B by 2026
A report published by Research and Markets finds that the global
Image Recognition market is estimated to grow from $1.8 billion in 2021 to $4.5
billion by 2026 with a compound annual growth rate (CAGR) of 20 percent in the
forecast period 2021-2026. An excerpt from the report’s description outlines
factors influencing the growth of the market:
Large
enterprises in different sectors, such as retail, automotive, healthcare, and
defense, are increasingly adopting image recognition technology. Several other
fields, such as self-driving vehicles, automated image organization of visual
websites, and face identification on social networking websites, are using the
Image recognition technology powered by machine learning. Government agencies
such as law enforcement agencies are also using facial recognition technology
for their safety and security purposes. Airports are also using face
remembrance technology at security checkpoints for security purposes. Recent
advancements in artificial intelligence and machine learning have highly
contributed to the growth of Image Recognition and Object Detection in retail.
Sam Mowers, Investorideas.com
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