#AIEye
#Podcast 607: #Stocks discussed: (NasdaqGS: $BIDU) (NasdaqGS: $NICE) #artificialintelligence
Baidu
Signs Agreement with China Gas for AI Cloud-Based Intelligent Transformation,
and NICE Actimize Chosen by KOHO for AI-Based AML Solutions
Global
#AI in #DrugDiscovery Market to Reach $1.69B in 2025
Point Roberts WA, Vancouver BC – September 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/2021/092421-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/09241BIDU-NICE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:BIDU) (NasdaqGS:NICE)
Baidu, Inc. (NasdaqGS:BIDU) has signed a strategic cooperation agreement with
gas operator and service provider China Gas Holdings Ltd. to “drive digital and
intelligent transformation in the energy and power sector with innovative
solutions based on Baidu AI Cloud.” This will see Baidu “expedite China Gas'
move to the cloud and harness its AI capabilities to build customized
applications including smart monitoring, smart scheduling, gas usage
prediction, and smart customer services.” Haifeng Wang, Baidu's CTO, said:
"We
are in a golden era in which digital technology and traditional industries are
deeply integrated. Baidu AI Cloud will leverage its competitive advantages to
enable digital transformation, accelerate intelligent upgrades, and empower
thousands of industries that drive the national economy and support people's
livelihoods and society's well-being."
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has been chosen by Toronto-based fintech firm KOHO
Financial to support the latter’s “digital platform and further accelerate its
growth in the market.” KOHO will leverage Actimize’s AML Essentials to enhance its anti-money laundering and financial
crime operations. Craig Costigan, CEO, NICE Actimize, said:
"NICE
Actimize’s cloud and AI-based capabilities will deliver exceptional performance
in support of KOHO’s digital operation. As we continue to expand our presence
in the Canadian banking and fintech space, NICE Actimize is proud to support
KOHO’s anti-money laundering initiatives with our Essentials solutions,
ensuring compliance and providing a foundation for growth.”
Global
AI in Drug Discovery Market to Reach $1.69B in 2025
Research published by ReportLinker finds that the global AI in Drug
Discovery market is projected to grow from $360 million in 2020 to $1.69
billion in 2025, registering a compound annual growth rate (CAGR) of 38 percent
in the forecast period. An excerpt from the report’s summary reads:
The
rise in demand for a reduction in the overall time taken for the drug discovery
process is a key driver propelling the growth of the artificial intelligence
(AI) in drug discovery market.Traditionally, it takes three to five years for
animal models to identify and optimize molecules before they are evaluated in
humans whereas start-ups based on AI have been identifying and designing new
drugs in a matter of few days or months.
Sam Mowers,
Investorideas.com
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