#AIEye
#Podcast 719: #Stocks discussed: (NYSE:$ACN) (NasdaqGS: $NVDA) (NYSE: $DELL) #artificialintelligence
Accenture
Ventures Invests in Pixxel, and NVIDIA Collaborates with Dell Technologies on
Data Center for AI
Global
Market for #AI in #DrugDiscovery to Reach $24.61B by 2029
Vancouver, Kelowna, Delta, BC – August 30, 2022 – 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/2022/083022-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/08301ACN-NVDA-DELL.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NasdaqGS:NVDA) (NYSE:DELL)
Accenture (NYSE:ACN) has announced a strategic investment – through its
subsidiary Accenture Ventures – into tech firm Pixxel. The latter, according to
the press release, “is building the world’s highest resolution hyperspectral
imaging satellite constellation in order to offer industry AI-powered insights
that discover, solve, and predict climate issues at a fraction of the cost of
traditional satellites.” Tom Lounibos, managing director, Accenture Ventures,
said:
"We
continue to take great interest in startups within the burgeoning space
industry, which some have forecasted will reach $1 trillion in revenue by the
year 2040, and Pixxel is a particularly exciting company sitting at the
intersection of space technology and sustainability. Imagine being able to
predict a famine before a crop infestation takes over or stop an oil spill
before it endangers delicate oceanic biospheres. Pixxel’s hyperspectral imaging
technology has the potential to do just that, and in doing so, could help
scientists address some of the world’s most pressing challenges to our
Earth."
NVIDIA Corporation (NasdaqGS:NVDA) and Dell Technologies (NYSE:DELL) have announced a new data center solution “for the
era of AI, bringing state-of-the-art AI training, AI inference, data
processing, data science and zero-trust security capabilities to enterprises
worldwide.” Manuvir Das, head of Enterprise Computing at NVIDIA, explained:
“AI
and zero-trust security are powerful forces driving the world’s enterprises to
rearchitect their data centers as computing and networking workloads are
skyrocketing. VMware vSphere 8 offloads, accelerates, isolates and better
secures data center infrastructure services onto the NVIDIA BlueField DPU, and
frees the computing resources to process the intelligence factories of the
world’s enterprises.”
Global
Market for AI in Drug Discovery to Reach $24.61B by 2029
A report published by Data Bridge Market Research finds that the
global market for AI in Drug Discovery is projected to reach $24.61 billion USD
by 2029, registering a compound annual growth rate (CAGR) of 53.3 percent in
the forecast period 2022-29. An excerpt from the report’s description reads:
The
adoption of AI solutions in the clinical trial process eliminates possible
obstacles, reduces clinical trial cycle time and increases the productivity and
accuracy of the clinical trial process. Technological advancements in AI for
drug discovery and reduction in total time involved in drug discovery process
are other factors driving the market growth in the forecast period. However,
low quality and inconsistent available data will obstruct the market growth.
Also, high cost associated with technology and technical limitations will
restrain the market growth.
Sam Mowers, Investorideas.com
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