#AIEye
#Podcast 667: #Stocks discussed: (NasdaqGS: $MSFT) (NasdaqGS: $NUAN) (NasdaqGS:
$BIDU) #artificialintelligence
Microsoft Completes Nuance Acquisition, and Baidu
Announces AI Sign Language Platform
Global
#AI in #DigitalGenome Market to Reach $3.6B by 2028
Vancouver, Kelowna, Delta, BC – March 4,
2022 – 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/2022/030422-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/03041MSFT-NUAN-BIDU.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and
advancements in artificial intelligence
Stocks
discussed: (NasdaqGS:MSFT) (NasdaqGS:NUAN) (NasdaqGS:BIDU)
Microsoft (NasdaqGS:MSFT) has completed its acquisition of Nuance
Communications, Inc. (NasdaqGS:NUAN). According to the press
release, the two firms aim to “enable organizations across industries to
accelerate their business goals with [their] security-focused, cloud-based
solutions infused with powerful, vertically optimized AI.” Scott Guthrie,
executive vice president, Cloud + AI Group, Microsoft, explained:
"Completion
of this significant and strategic acquisition brings together Nuance's
best-in-class conversational AI and ambient intelligence with Microsoft's
secure and trusted industry cloud offerings. This powerful combination will
help providers offer more affordable, effective and accessible healthcare, and
help organizations in every industry create more personalized and meaningful
customer experiences. I couldn't be more pleased to welcome the Nuance team to
our Microsoft family."
Baidu, Inc. (NasdaqGS:BIDU) has announced the launch of an AI sign language
platform “able to generate digital avatars for sign language translation and
live interpretation within minutes.” Part of XiLing, Baidu AI Cloud's digital
avatar platform, the platform will be used during the upcoming Beijing 2022
Winter Paralympics Games. Tian Wu, Baidu’s Corporate Vice President, said:
“With
the technology enablement brought by AI, the production and operational costs
of digital avatars have been reduced to a significant degree, making it
possible for AI sign language to go to scale and serve more deaf and
hard-of-hearing individuals.”
Global
AI in Digital Genome Market to Reach $3.6B by 2028
A report published by Coherent Market Insights finds that the global
AI in Digital Genome market is projected to grow from $269.8 million in 2021 to
$3.6 billion in 2028, registering a compound annual growth rate (CAGR) of 44.8
percent in the forecast period 2021-28. Digital Genome is described in the
report as “a comprehensive digital set of genetic material that occurs in a
cell or an organism.” The following excerpt from the report outlines factors
driving the market:
Rise
in need to control discovery cost & time during new drug development is
expected to drive the global artificial intelligence in digital genome market
growth over the forecast period. Drug development is a lengthy, complex, and
costly process owing to which there is a need for alternative tools in
discovering new drugs. Drug discovery and development is commonly conducted
through in vivo and in vitro methods, which are very costly and time-consuming.
Artificial intelligence [is seeing] increasing roles in drug discovery,
potentially saving significant time and money. Thus, this is expected to drive
the growth of the market over the forecast period.
Sam Mowers, Investorideas.com
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