AI stocks changing healthcare, gaming and advertising – what’s next? Stocks Mentioned; (OTCQB: $AVAI) @AvantTechAI , (NASDAQ: $GXAI), (NASDAQ: $APP), (NASDAQ: $SOUN)
December 18, 2024 – Investorideas.com, a global news source and expert investing resource covering AI stocks
issues a snapshot for the sector looking at some of the top AI applications, featuring
Avant Technologies, Inc. (OTCQB: AVAI), an emerging technology company developing
solutions in artificial intelligence in healthcare.
Stocks mentioned in this article include Gaxos.ai Inc.(NASDAQ: GXAI), AppLovin (NASDAQ: APP) and SoundHound AI, Inc. (NASDAQ: SOUN).
Statista.com says, “The market for artificial intelligence grew
beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50
billion compared to 2023. This staggering growth is expected to continue with
the market racing past 826 billion U.S. dollars in 2030.”
AI is being integrated into almost every aspect of
our daily lives and moving technology ahead at warp speed.
According to Simplilearn, “One of the critical AI applications is its
integration with the healthcare and medical field. AI transforms healthcare by
improving diagnostics, personalizing treatment plans, and optimizing patient
care. AI algorithms can analyze medical images, predict disease outbreaks, and
assist in drug discovery, enhancing the overall quality of healthcare
services.”
Focusing on AI and healthcare, Avant Technologies Inc. (OTCQB: AVAI), and its partner, Ainnova Tech, Inc., a leading healthcare technology
company focused on revolutionizing early disease detection using artificial
intelligence (AI), just announced Ainnova’s acquisition of an exclusive license for
four groundbreaking, AI-driven algorithms from one of Asia’s most respected and
largest healthcare institutions. These solutions, validated across diverse
geographies, ethnicities, and socioeconomic populations with data from over 2
million patients, will join Ainnova’s existing diabetic retinopathy and retinal
disease detection solutions.
Paid news dissemination for Avant Technologies Inc.
Read this news, featuring AVAI in full at https://www.investorideas.com/news/2024/technology/12181AI-Stocks-Health-Gaming-Advertising.asp
From the news: The four algorithms include early detection for
cardiovascular risk, prediabetes and Type 2 diabetes, fatty liver disease and
chronic kidney disease. Combined with Ainnova’s existing retinal disease
detection tools, these new algorithms will be used with Ainnova’s powerful
cutting-edge AI platform, VisionAI, to detect the early markers of these
diseases quickly and accurately by applying AI.
Continued: The acquisition of an exclusive license to use
four advanced algorithms in the Americas offers Ainnova Acquisition Corp.
(AAC), the company formed by the partnership between Avant and Ainnova, a
robust platform for primary care providers to streamline early risk screening
and improve patient care in the United States.
Continued: Ainnova will introduce these cutting-edge
solutions in Latin America with strategic partners in primary healthcare
services across key markets such as Mexico and Brazil. AAC expects to build on
Ainnova’s regional expansion by securing clearance from the US Food and Drug
Administration (FDA) in 2025 to then introduce these solutions in the US
market.
Continued: While explaining that these efforts aim to
transform the current approach to preventive care by providing accessible,
efficient, and impactful health screening solutions, Ainnova’s Chief Executive
Officer, Vinicio Vargas, said, “This license represents a pivotal moment for
Ainnova and for its partnership with Avant as it allows us to bring world
class, validated solutions to the Americas. This effort not only complements
our current solutions, but it also aligns with our ongoing R&D initiatives
to continue incorporating new diseases that can be detected quickly and
affordably, pushing the boundaries of preventive care, and making healthcare
more inclusive and accessible to all.”
Continued: “The licensed algorithms enhance the company’s
capabilities to empower healthcare providers with comprehensive, fast, and
accessible tools for early disease detection. Using simple patient datapoints -
such as demographics and lifestyle attributes, and routine measures like blood
pressure - these algorithms enable rapid risk screening, facilitating timely
specialist referrals and improving health outcomes.”
Key Features and Benefits of the New Algorithms:
1. Cardiovascular Risk Assessment:
2. Prediabetes and Type 2 Diabetes Prediction:
·
Predicts the three-year risk of diabetes with an
AUC of 0.861, using demographic and lifestyle data.
·
Provides tailored care plans and actionable
insights to prevent disease progression.
3. Liver Fibrosis Screening:
·
Identifies patients at risk of advanced liver
fibrosis with accuracy exceeding 88%.
·
Supports timely referral and management of
non-alcoholic fatty liver disease.
4. Chronic Kidney Disease (CKD) Monitoring:
·
Predicts CKD progression and supports preventive
interventions to slow disease advancement.
·
Guides care through integrated analysis of clinical
and laboratory data.
Continued: Mr. Vargas added, “This robust AI platform marks a
significant step toward global adoption, ensuring that advanced AI tools are
accessible to healthcare systems everywhere.”
Continued: Ainnova is a Nevada-based healthtech startup with
headquarters in San Jose, Costa Rica and Houston, Texas, founded by an
experienced and innovative team that is dedicated to leveraging artificial
intelligence for early disease detection. Recognized with multiple global
awards and renowned partnerships with hospitals and medical device companies,
we proudly introduce VisionAI – our cutting-edge platform designed to prevent
blindness and detect the early onset of diabetes. Explore how Ainnova is
revolutionizing healthcare through advanced technology and proactive solutions.
Taking a different strategy with AI and healthcare,
SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial
intelligence, recently announced that its Amelia
Conversational AI Platform has been named a Leader in the 2024 Frost Radar™:
Enterprise Conversational AI in Healthcare.
From the news: According to Frost & Sullivan, the market for
enterprise conversational AI in healthcare will reach $2.34 billion by the end
of 2027, at a CAGR of 17.2%. The report analyzed more than 100 enterprise
conversational AI solution vendors across voice and chatbot segments in this
sector and identified 14 organizations as market leaders. SoundHound AI was
recognized as a leader in innovation and growth for its advanced capabilities
in transforming healthcare operations.
Continued: By leveraging sophisticated natural language
processing, natural language understanding, and fine-tuned large language
models, SoundHound’s Amelia Conversational AI Platform enables dynamic,
contextually rich interactions that improve patient engagement, streamline
administrative workflows, and enhance employee support. For patients, the
platform offers solutions like scheduling and managing appointments,
pre-registration, medication refills, and finding locations or doctors across
multiple channels – offloading work from call centers and scheduling employees.
The solution also supports employees by responding to common service and help
desk requests, including IT support.
An AI company with offerings spanning health and
wellness as well as gaming, Gaxos.ai Inc.
(NASDAQ: GXAI), a company developing artificial intelligence
applications across various sectors, just announced that the Company
successfully integrated Recraft AI into their artificial intelligence solution
for game developers and publishers, Gaxos Labs.
From the news: “We are pleased to add another great tool into our
Gaxos Labs ecosystem,” said Vadim Mats, CEO of Gaxos. “Game development is a
labor-intensive process and the addition of tools that make the process simpler
advances our goal of being the all-in-one artificial intelligence solution for
game developers and publishers.”
Gaxos.ai isn't just developing applications; it's
redefining the human-AI relationship. Our offerings span health and wellness as
well as gaming.”
Seen as a real game-changer in marketing/advertising
by most analyst following AI, AppLovin (NASDAQ: APP) makes technologies that help businesses of every size connect to their
ideal customers. The company provides end-to-end software and AI solutions for
businesses to reach, monetize and grow their global audiences
Also in the gaming market, AppLovin said earlier this year, “The best way
for gaming developers to increase long-term retention is to make their game or
app feel like it's designed especially for their players," noted Daniel
Tchernahovsky, VP of International Business Development at AppLovin. "AI
enables developers to segment users and customize game progression so it feels
as if the game's level of difficulty has been uniquely calibrated to a
user."
The company reached $100Billlion market cap this
year and became a component of the Nasdaq-100 Index®
and the Nasdaq-100 Equal Weighted™ Index, replacing Dollar Tree, Inc. in
November.
According to recent notes from Zacks, “AppLovin Corporation APP
has been one of the standout performers in 2024, with its stock price surging
by a monstrous 748% year to date. This rise is significant compared to the 54%
rally of the industry.”
Other top applications for AI include education,
automobiles and social media.
AI is being integrated into everything, evolving every
business sector to new levels not preciously imagined.
Research
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