The
#AIEye Episode 340: Tencent Cloud (OTC: $TCEHY) Signs MOU with SDMC, Mobi724 (TSXV:
$MOS.V) Announces FY 2019 Financial Highlights
Global
NLP in Healthcare & Life Sciences Market to Reach $3.7 billion by 2025
Point Roberts WA, Vancouver BC – April 30, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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tracker and advancements in artificial intelligence.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC:TCEHY) (TSXV:MOS)
Tencent Cloud, the cloud computing arm of Tencent (OTC:TCEHY), has signed a Memorandum of Understanding (MOU) with
digital TV leader SDMC. Through the MOU, the two firms aim to leverage Tencent
Cloud’s advanced technologies, including AI, and SDMC’s industry experience, to
launch the SDMC XMediaTV Cloud, a cloud-based SaaS video streaming solution to
provide services for OTT (over-the-top) operators around the globe. David Li,
CEO of SDMC, explained:
"SDMC
has currently served over 200 operator customers, covering over 100 million
households around the world. Through this collaboration, we could introduce
Tencent Cloud's high-performing products to our operator customers, and
therefore greatly enhance their service capabilities and profitability. What's
more, the video AI technology, Extreme Speed High Definition technology as well
as Tencent's cloud gaming service will also help boost our overall
competitiveness."
Mobi724 Global Solutions Inc. (TSXV:MOS) has announced its fiscal year 2019 financial
highlights. Some highlights include a 70 percent increase in revenue from
continuing operations, a net loss decrease of 27 percent and a cash position
increase of 116 percent. Allan Rosenhek, CFO of Mobi724, said:
"We
are pleased with our transformation. By refocusing the Company on our higher
margin vertical, we grew our top line by 70%, closed a number of important
agreements, invested in the integration of Artificial Intelligence technology
capabilities as a core of the platform; all while decreasing our operating loss
by 31% and our cash burn by 14%."
Global
NLP in Healthcare & Life Sciences Market to Reach $3.7 billion by 2025
A report from Markets and Markets finds that the global
Natural Language Processing (NLP) in Healthcare and Life Sciences market will
grow from $1.5 billion in 2020 to $3.7 billion by 2025 with a compound annual
growth rate (CAGR) of 20.5 percent in the forecast period. An excerpt from the
report description outlines the role of cloud deployment in the market:
Most
vendors in the NLP in healthcare and life sciences market offer cloud-based NLP
solutions to maximize profits and automate the equipment maintenance process,
effectively. The adoption of cloud-based NLP in healthcare and life sciences
solutions is expected to grow, owing to benefits, such as easy maintenance of
generated data, cost-effectiveness, agility, flexibility, scalability, and
effective management of these solutions. Companies prefer to adopt cloud-based
NLP solutions, as these support their regional, cross-regional, or
cross-country data recovery strategies. This enables organizations to ensure
resilience in case of disasters.
Sam Mowers, Investorideas.com
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