#AIEye
#Podcast 620: #Stocks discussed: (Nasdaq: $KLAC) (Nasdaq: $LTRN) #artificialintelligence
KLA
Corporation Opening AI Advanced Computing Lab in India, and Lantern Pharma’s
RADR AI Platform Exceeds 10.4 Billion Datapoints
Conversational
#AI Market to Reach $18.4B by 2026
Point Roberts WA, Vancouver BC – November 1, 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/2021/110121-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/11011KLAC-LTRN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:KLAC) (NasdaqCM:LTRN)
KLA Corporation (NasdaqGS:KLAC) has announced the opening of two facilities in
Chennai, India, including the Artificial Intelligence-Advanced Computing Lab
(AI-ACL) – operated in partnership with the Indian Institute of Technology
(IIT) Madras – which “will serve as a center of excellence for AI-focused
research and development.” Ahmad Khan, president, semiconductor process control
at KLA, said:
"KLA
is at the forefront of using AI technology in our process control systems to
identify and isolate critical issues in chip manufacturing. To expand the reach
of AI in our products and develop the next generation of AI innovations, we
created our new AI-ACL research facility. Our researchers and engineers at
AI-ACL join the AI experts at our AI Modeling and Center of Excellence in
Michigan to form a global team committed to advancing the boundaries of AI,
software, image processing and physics modeling."
Lantern Pharma Inc. (NasdaqCM:LTRN) has announced that its proprietary A.I. platform
RADR – which is used to “transform the cost, pace, and timeline of oncology
drug discovery and development” – has exceeded 10.4 billion datapoints. The
company’s President and CEO, Panna Sharma, explained:
"Our
team has been well ahead of schedule in the growth of our platform, and RADR®
has now surpassed 10.4 billion data points covering more cancer sub-types,
which further advances our goal of building the most complete and powerful A.I.
platform for precision oncology drug development. Additionally, the new data
will drive insights and potential drug-candidate innovations faster and into
areas of cancer that have remained untouched or intractable."
Conversational
AI Market to Reach $18.4B by 2026
A report published by Markets and Markets finds that the global
Conversational AI market is projected to grow from $6.8 billion in 2021 to
$18.4 billion by 2026, registering a compound annual growth rate (CAGR) of 21.8
percent in the forecast period. An excerpt from the report’s description outlines
factors influencing the market’s growth:
The
major factors driving the growth of the conversational AI market are the
increasing demand for AI-powered customer support services, omnichannel
deployment, and reduced chatbot development costs. Furthermore, the rising
demand for AI-based chatbots to stay connected and informed during COVID-19 and
increasing focus on customer engagement are the major factors adding value to
the conversational AI offerings, which is expected to provide opportunities for
enterprises operating in various verticals in the conversational AI market. The
lack of accuracy in chatbots and virtual assistants and maintaining business
continuity during the COVID-19 pandemic are the major challenges in the
conversational AI market. Moreover, the lack of awareness about conversational
AI solutions and the inability to identify customer intent and respond
effectively act as the key restraining factors in the market.
Sam Mowers, Investorideas.com
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