#AIEye
#Podcast 576: #Stocks discussed: (NYSE: $GE) (NYSE: $TIXT) #Artificialintelligence
GE
Healthcare Signs LOI with SOPHiA GENETICS, and Telus International Acquires
Playment
#AI
in #Industrial Sector Market to Grow by $13.26B from 2021-2025
Point Roberts WA, Vancouver BC – July 6, 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/2021/070621-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/07061GE-TIXT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:GE) (NYSE:TIXT)
GE Healthcare, the healthcare business of General
Electric (NYSE:GE), has signed a letter of intent with SOPHiA GENETICS
“to collaborate on advancing cancer care, with the goal of better targeting and
matching treatments to each patient’s genomic profile and cancer type, helping
to ensure the most effective and personalized treatment.” According to the
press release, the two firms plan “to develop new artificial intelligence
(AI)-powered analytics and workflow solutions to serve both the clinical and
biopharma markets.” Jan Makela, President & CEO, Imaging at GE Healthcare,
said:
"The
integration of genomics-based artificial intelligence into oncology workflow
solutions would be a major breakthrough for integrated cancer medicine and for
future clinical research, which increasingly depend on the ability to select
those patients most likely to respond to new therapies. This collaboration
represents another step in GE Healthcare’s vision of making precision
health—more efficient and personalized care— a reality."
Telus International Inc. (NYSE:TIXT) has announced the acquisition of data annotation
and computer vision tools and services leader Playment. Telus International
President and CEO Jeff Puritt, commented:
“The
acquisition will meaningfully accelerate our company’s computer vision
capabilities and further bolster our position at the forefront of our global
peers with respect to technology innovation, strategy excellence and talent. As
one of the key enabling technologies for today’s advanced AI applications,
computer vision is among the most revolutionary technologies of our generation
with applications across every sector of the economy. The technology has become
increasingly valuable to tech firms and the wider market as brands seek to
uncover solutions for scenarios that typically require complex human judgement
from visual and spatial patterns to solve nuanced business challenges, and
build innovative, market-leading smart products and services."
AI
in Industrial Sector Market to Grow by $13.26B from 2021-2025
A report published by Technavio projects that the market for AI in
the Industrial sector will see incremental growth of $13.26 billion from
2021-2025 with a compound annual growth rate (CAGR) of 46.73 percent in the
forecast period. According to the report’s snapshot:
“The
increase in adoption of data-guided decision making is notably driving the
artificial intelligence market growth in the industrial sector, although
factors such as need for technical knowledge amongst operators may impede
market growth.”
Sam Mowers, Investorideas.com
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