The
#AIEye Episode 385: Oracle (NYSE: $ORCL) Makes Autonomous Database Available in
Customer Data Centers and TELUS (TSX: $T.TO) Ventures Enters Strategic
Agreement with Zebra Medical Vision
Global
Facial Recognition Market to Reach $12.92 Billion by 2027
Point Roberts WA, Vancouver BC – July 9, 2020 – 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (TSX:T)
Oracle Corporation (NYSE:ORCL) has announced the availability of Oracle Autonomous
Database in customer data centers. Combined with the Exadata Cloud@Customer
platform, this database is described in the press release as “the simplest and
fastest transition to a cloud model.” Carl Olofson, Research Vice President,
Data Management Software, IDC, explained:
"Oracle
Autonomous Database on Exadata Cloud@Customer combines the game changing capabilities
of the revolutionary Exadata X8M platform with Oracle's most advanced
machine-learning-powered database and its second-generation cloud control plane
for a true enterprise-grade database cloud experience on-premises.”
TELUS Ventures, the strategic investment arm of TELUS
Corporation (TSX:T), has entered into a strategic agreement with
deep-learning medical imaging analytics company Zebra Medical Vision. According
to the press release, the agreement involves an investment to “grow Zebra-Med’s
presence in North America and enable the company to expand its artificial
intelligence (AI) solutions to new modalities and clinical care settings.” Ohad
Arazi, CEO at Zebra Medical Vision, commented:
“This
collaboration will help catalyze Zebra-Med’s expansion into Canada’s healthcare
ecosystem. Zebra-Med is deeply committed to enhancing care through the use of
machine learning and artificial intelligence. We have already impacted millions
of lives globally, and we’re honoured to launch this significant collaboration
with TELUS Ventures, driving better care for Canadians.”
Global
Facial Recognition Market to Reach $12.92 Billion by 2027
A report from Fortune Business Insights finds that the global
Facial Recognition market will grow from $4.35 billion in 2019 to $12.92
billion by 2027 with a compound annual growth rate (CAGR) of 14.8 percent in
the forecast period 2020-2027. An excerpt from the report summary outlines the
role of AI-based facial detection systems in the market:
Rising
adoption of face recognition systems based on AI platform[s] among enterprises
is expected to be one of the key growth trends for the market. [These]
system[s] use AI technology and machine learning (ML) algorithms to identify
and verify a person from a digital image or video source. These technologies
help to increase user engagement, identify human expressions, manage security
systems, analyze customer behavior, and improve user safety.
Sam Mowers, Investorideas.com
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