#AIEye
#Podcast 570: #Stocks discussed: (NYSE: $IBM) (NasdaqGS: $BIDU) #Artificialintelligence
IBM
Acquiring Turbonomic for AIOps, and Baidu is Partnering with BAIC Group for New
Generation of Robotaxis
Global
#AI in #DrugDiscovery to Reach $2.015B by 2025
Point Roberts WA, Vancouver BC – June 18, 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/2021/061821-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/News/2021/artificial-intelligence/06181IBM-BIDU.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NasdaqGS:BIDU)
IBM (NYSE:IBM) has closed its acquisition of Boston, MA-based
Application Resource Management (ARM) and Network Performance Management (NPM)
software provider Turbonomic, Inc. According to the press release, this
“complements IBM's recent acquisition of Instana for application performance
monitoring (APM) and observability, and the launch of IBM Cloud Pak for Watson
AIOps to automate IT Operations using AI.” Dinesh Nirmal, General Manager, IBM
Automation, explained:
"We
believe that the move to AI-powered automation is essential to helping
businesses succeed in a digital-first world. IBM is already helping thousands
of customers use automation to make IT and business processes more efficient
and employees more effective. Now that Turbonomic is a part of our portfolio,
IBM is the only company providing a one-stop shop of AI-powered automation
capabilities, all built on Red Hat OpenShift to run anywhere."
Baidu, Inc. (NasdaqGS:BIDU) has announced that it is “partnering with BAIC Group's EV brand ARCFOX to
jointly release Apollo Moon, a new generation of robotaxis that are set to be
mass-produced with a per unit manufacturing price of RMB 480,000 (USD 74,000).”
Zhenyu Li, Senior Corporate Vice President of Baidu and General Manager of
Intelligent Driving Group (IDG), explained:
“As
early as 2017, Baidu and BAIC Group entered into a strategic partnership. Both
sides share the same goals and insist on independent R&D to promote the
development of autonomous driving in China. The launch of Apollo Moon is an
important breakthrough signifying the powerful linkage between China's leading
autonomous driving technology and the most advanced smart vehicle platform,
marking a landmark step in the field of robotaxi ride-hailing services
globally.”
Global
AI in Drug Discovery to Reach $2.015B by 2025
A report published by Market Research Future finds that the global AI
in Drug Discovery market will grow to approximately $2.015 billion by 2025,
registering a compound annual growth rate (CAGR) of 40.8 percent in the
forecast period 2019-2025. An excerpt from the report’s description reads”
The
first concrete examples of how AI (also called deep learning, machine learning,
or artificial neural networks) will help clinicians are now being
commercialized. These systems may offer a paradigm shift in clinician workflow
to boost efficiency while improving care and patient throughput at the same
time.
Integration
of AI and machine learning tools in drug discovery & development
applications could improve the healthcare outcome by increasing efficiency of
drug discovery process, facilitating targeted molecule identification,
minimizing the risk of adverse reactions during the trials, reducing the drug
discovery time frame, and most importantly reducing the cost of drug
development for the drug manufacturer.
Sam Mowers, Investorideas.com
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AI Eye
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