#AIEye #Podcast 612: #Stocks
discussed: (NYSE: $IBM) (NYSE: $RTX) (NYSE: $MDT) #artificialintelligence
IBM and
Raytheon to Develop AI Solutions for Aerospace, Defense, and Intelligence
Industries, and Medtronic Receives European Approval for Hugo Robotic-Assisted
Surgery System
Global
AI Chip Market to Reach $109.83B by 2028
Point Roberts WA, Vancouver BC – October 11,
2021 – 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/2021/101121-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/10111IBM-RTX-MDT.asp
Today’s
Column- The AI
Eye- Watching stock news, deal tracker and
advancements in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:RTX) (NYSE:MDT)
IBM (NYSE:IBM) has announced a strategic agreement with Raytheon
Technologies Corporation (NYSE:RTX) to “jointly develop advanced
artificial intelligence, cryptographic and quantum solutions for the aerospace,
defense and intelligence industries.” Dario Gil, senior vice president and
director of Research, IBM, explained:
"The
rapid advancement of quantum computing and its exponential capabilities has
spawned one of the greatest technological races in recent history – one that
demands unprecedented agility and speed. Our new collaboration with Raytheon
Technologies will be a catalyst in advancing these state-of-the-art
technologies – combining their expertise in aerospace, defense and intelligence
with IBM's next-generation technologies to make discovery faster, and the scope
of that discovery larger than ever."
Medtronic (NYSE:MDT) has announced that it has received CE (Conformité
Européenne) Mark Approval for its Hugo robotic-assisted surgery (RAS) system,
which authorizes its sale in Europe. Rob ten Hoedt, executive vice president
and president of the Europe, Middle East, and Africa (EMEA) region at
Medtronic, explained:
"Robotics
and artificial intelligence are the undeniable future of healthcare, with
incredible potential to not only advance patient care, but increase access to
these benefits. The Hugo RAS system builds on our leadership in minimally
invasive surgery, and we're thrilled to provide hospitals across Europe a robotic-assisted
surgery system that is thoughtfully designed to meet their needs today and
tomorrow. We've had strong interest from leading surgical centers across Europe
and expect to move quickly with multiple installations in several
countries."
Global
AI Chip Market to Reach $109.83B by 2028
A report published by Verified Market Research finds that the global
Artificial Intelligence Chip market will grow from $7.37 billion USD in 2020 to
$109.83 billion by 2028, registering a compound annual growth rate (CAGR) of
40.17 percent in the forecast period 2021-2028. The following excerpt from the
report’s description outlines some factors influencing the market’s growth:
“The
increasing need for more efficient systems to solve mathematical &
computational problems, the emergence of quantum computing, and the growing
implementation of AI chips in robotics are expected to drive the global
artificial intelligence chip market growth.”
Sam
Mowers, Investorideas.com
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