AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: AVAI) (NASDAQ: NVDA) (NYSE: DELL) (NASDAQ: OTRK)

AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: AVAI) (NASDAQ: NVDA) (NYSE: DELL) (NASDAQ: OTRK): AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: AVAI) (NASDAQ: NVDA) (NYSE: DELL) (NASDAQ: OTRK)

The installed base of smart parking sensors to reach 3.2 million units in 2028

The installed base of smart parking sensors to reach 3.2 million units in 2028: The installed base of smart parking sensors to reach 3.2 million units in 2028

AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: $AVAI) (NASDAQ: $NVDA) (NYSE: $DELL) (NASDAQ: $OTRK) @AvantTechAI @nvidia @DellTech @OntrakHealth

 AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: $AVAI) (NASDAQ: $NVDA) (NYSE: $DELL) (NASDAQ: $OTRK) @AvantTechAI @nvidia @DellTech @OntrakHealth

 

April 10, 2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks issues a news snapshot looking at how AI plays a key role in the future of healthcare, featuring Avant Technologies, Inc. (OTCQB: AVAI), an artificial intelligence (AI) technology company specializing in creating and developing innovative and advanced AI infrastructure solutions.

 

Read this article featuring AVAI in full at https://www.investorideas.com/news/2024/technology/04101AI-Stocks.asp

 

What is the opportunity for stocks in the sector? The AI in Healthcare market is projected to grow from USD 20.9 billion in 2024 and reach USD 148.4 billion by 2029. Prophecy Market Research says it could reach US$ 508.7 billion by 2034. 

 

From data to diagnostics and imaging, drug development and discovery, early intervention and predictive analytics, remote patient monitoring and robotics, AI is revolutionizing healthcare as we know it.

Betting on healthcare as a key market, Avant Technologies, Inc. (OTCQB: AVAI) just announced the completion of its acquisition of privately-held healthcare technology and data integration services firm, Wired-4-Health.

From the news: Unified by a shared objective to propel the healthcare data interoperability landscape forward, this strategic merger leverages cutting-edge AI and amplified computational capabilities. This potent combination empowers healthcare and life sciences organizations to navigate the complexities of system interoperability with unprecedented efficiency, enhanced performance, improved data integrity, and a more cost-effective, scalable infrastructure. Customers will be able to experience these benefits across a range of critical business functions, including transaction processing, health outcomes analytics, and compliance adherence.

“Completion of this important strategic acquisition enables us to deliver best-in-class data and system interoperability services to the healthcare and life sciences sectors powered by AvantAI® and our high-density compute capabilities,” said Tim Lantz, Chief Executive Officer of Avant Technologies. “This exciting acquisition significantly strengthens our financial profile, offers massive commercial growth opportunities in one of Avant’s largest target markets, and bolsters our internal customer support and R&D capabilities.”

The healthcare sector is facing a number of escalating challenges. Providers are under pressure to improve patient outcomes while reducing costs at a time when chronic illness and clinician burnout are on the rise. Despite the transformative potential of digitalization in healthcare, a significant barrier remains. The lack of adherence to standardized data protocols makes the extensive volume of information produced by the digital revolution complex and costly to leverage. As a result, the full potential of data-driven solutions to address the industry’s most urgent challenges has yet to be realized.

“In the near term, if the healthcare industry expects to succeed in lowering costs while improving quality, the deployment of advanced AI, combined with more powerful, cost- effective compute capabilities will be critical to that success,” said Angela Harris, Avant’s Chief Operating Officer. “The addition of Wired-4-Health will position Avant as a key contributor in helping healthcare organizations solve complex problems at the intersection of cost, quality, compliance and technology.”

 

NVIDIA (NASDAQ: NVDA) recently launched more than two dozen new microservices that allow healthcare enterprises worldwide to take advantage of the latest advances in generative AI from anywhere and on any cloud.

 

From the news: The new suite of NVIDIA healthcare microservices includes optimized NVIDIA NIM™ AI models and workflows with industry-standard APIs, or application programming interfaces, to serve as building blocks for creating and deploying cloud-native applications. They offer advanced imaging, natural language and speech recognition, and digital biology generation, prediction and simulation.

 

Additionally, NVIDIA accelerated software development kits and tools, including Parabricks®, MONAI, NeMo™, Riva and Metropolis, can now be accessed as NVIDIA CUDA-X™ microservices to accelerate healthcare workflows for drug discovery, medical imaging and genomics analysis.

 

From the news: The microservices, 25 of which launched today, can accelerate transformation for healthcare companies as generative AI introduces numerous opportunities for pharmaceutical companies, doctors and hospitals. These include screening for trillions of drug compounds to advance medicine, gathering better patient data to aid early disease detection and implementing smarter digital assistants.

 

“For the first time in history, we can represent the world of biology and chemistry in a computer, making computer-aided drug discovery possible,” said Kimberly Powell, Vice President of Healthcare at NVIDIA. “By helping healthcare companies easily build and manage AI solutions, we’re enabling them to harness the full power and potential of generative AI.”

 

Dell Technologies (NYSE: DELL) and Northwestern Medicine are using AI to innovate and strengthen patient care to deliver significant advancements in medicine, including the development and evaluation of a generative multimodal large language model (LLM) for the interpretation of chest x-rays.

 

From the news: Northwestern Medicine embarked on a mission to use AI to enhance patient care while reducing physician burnout. Costs and limited technology capabilities slowed the healthcare provider's ability to quickly make meaningful advancements. Working with Dell's AI Innovation Lab, Northwestern Medicine designed and tested workflow solutions prior to deploying them into their own IT environment where they achieved a significant milestone: a multimodal LLM that produced draft x-ray reports, aiding physician decision-making.

 

"Technology such as AI has the power to speed innovation that advances human progress. Healthcare is a prime example of where technology can make an impact and help save lives," said Jeff Boudreau, Chief AI Officer at Dell Technologies. "By combining Dell's technology with Northwestern Medicine's expertise, we're setting a new standard for AI-driven healthcare solutions."

 

From the news: "In healthcare, there is little to no margin for error and a tremendous amount of good that can be done. When we think about what AI can do, we don't just see the technology itself, we see the many patients and lives it will positively impact," said Dr. Etemadi. "Our work with Dell signifies a major step forward for the industry in directly creating and applying transformative technology solutions that directly impact patient care and improve outcomes."

 

Ontrak Health (NASDAQ: OTRK), a leading AI-powered and tech-enabled behavioral healthcare company, recently announced the launch of its Ontrak Advanced Engagement System. This system integrates Augmented Intelligence (AI) with an evidence-based clinical framework to deliver human-centered, personalized member engagement.

 

From the news: Built on a foundation of real-world AI application, the Ontrak Advanced Engagement System enables member engagement at greater scale and with greater efficiency than ever before. The platform’s introduction marks a significant step forward in Ontrak’s commitment to technology-driven health solutions and builds on more than a decade of research and development.

 

From the news: Among other cutting-edge innovations, the Ontrak Advanced Engagement system employs a Risk-based analytics engine, which uses AI algorithms to identify members and prioritize outreach based on factors like risk, readiness, acuity, claims, prescriptions, and enrollment history. Our Risk-based analytics engine can find members with, for example, high-predicted probability of substance use disorder or depression, but no associated diagnosis in existing health records. This technology helps drive Ontrak’s impressive member outreach success of 54% across all lines of business, which Ontrak believes is more than double the industry standard.

 

As AI technology continues to advance, the healthcare sector will grow exponentially. For investors following AI stocks, the hunt is on for finding the stocks that can harness the power of AI for the next generation of healthcare.      

 

Research more AI stocks with Investorideas.com free stock directory

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AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent

AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent: AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent

Global A.I. Healthcare Market Expected To Expand At CAGR Of 36.4% From 2024 To 2030; (OTCQB: $AVAI) (NASDAQ: $NVDA) (NASDAQ: $SOUN) (NASDAQ: $CXAI) (NASDAQ: $MRVL) @FNMgroup @AvantTechAI

Global A.I. Healthcare Market Expected To Expand At CAGR Of 36.4% From 2024 To 2030; (OTCQB: $AVAI) (NASDAQ: $NVDA) (NASDAQ: $SOUN) (NASDAQ: $CXAI) (NASDAQ: $MRVL) @FNMgroup @AvantTechAI

 

Palm Beach, FL – April 9, 2024 – FN Media Group News Commentary – Experts universally see that the AI in the healthcare market will continue to reach new highs throughout this decade. A report from Grand View Research said that the global AI in healthcare market size was estimated at USD 22.45 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2030.  The report said: “Growing datasets of patient health-related digital information, increasing demand for personalized medicine, and rising need to reduce care expenses are some major drivers of market growth. The rising global geriatric population, changing lifestyles, and increasing prevalence of chronic diseases have contributed to a growth in demand for diagnosing and improved understanding of diseases in their initial stages. Artificial Intelligence (AI) and machine learning (ML) algorithms are being widely adopted and integrated into healthcare systems to accurately predict diseases in their early stage based on historical health datasets. 

 

Read this in full at https://www.financialnewsmedia.com/global-a-i-healthcare-market-expected-to-expand-at-cagr-of-36-4-from-2024-to-2030/

 

Furthermore, deep learning technologies, predictive analytics, content analytics, and natural language processing (NLP) tools are enabling care professionals to diagnose patient’s underlying health conditions at an earlier stage. The COVID-19 pandemic positively influenced the demand for AI technologies and unearthed the potential of these advanced technologies. Healthcare systems widely adopted these technologies in the rapid diagnosis and detection of different virus strains and utilized personalized information in improving the management of the outbreak. AI/ML algorithms were utilized in the diagnosis sector wherein these technologically driven modules were trained with datasets of chest CT images, symptoms, pathological findings, and exposure history to diagnose COVID-19-positive patients rapidly and accurately.”  Active tech companies in the markets this week include: Avant Technologies, Inc. (OTCQB: AVAI), NVIDIA Corporation (NASDAQ: NVDA), SoundHound AI, Inc. (NASDAQ: SOUN), CXApp Inc. (NASDAQ: CXAI), Marvell Technology, Inc. (NASDAQ: MRVL).

 

Grand View Research continued: “The growing shortage of healthcare workforce drove the adoption of AI/ML technologies. Therefore, AI algorithms can be trained to analyze patient health information, which further supports care providers in quickly diagnosing the condition and devising an accurate treatment regime. Supportive government initiatives, rising number of mergers and acquisitions and technological collaborations, and COVID-19 pandemic had a significant role in boosting the growth of the market and accelerating the adoption rate of AI in healthcare. AI/ML algorithms are being widely implemented in rapid and accurate diagnosis of medical conditions after the initial implementation in the detection of COVID-19 positive patients using personalized patient information and data consolidation.  North America dominated the market in 2023 and held the largest revenue share of 57.7%, owing to advancements in healthcare IT infrastructure, growing care expenditures, widespread adoption of AI/ML technologies, favorable government initiatives, lucrative funding options, and presence of several key market players.”

 

 

 

Avant Technologies, Inc. (OTCQB: AVAI) Acquires Wired-4-Health, Advancing AI Interoperability in Healthcare Data – Avant Technologies, Inc. (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI and AI infrastructure solutions, today announces the completion of its acquisition of privately held healthcare technology and data integration services firm, Wired-4-Health.

 

Unified by a shared objective to propel the healthcare data interoperability landscape forward, this strategic merger leverages cutting-edge AI and amplified computational capabilities. This potent combination empowers healthcare and life sciences organizations to navigate the complexities of data and system interoperability with unprecedented efficiency. By streamlining transaction processing, health outcomes analytics, and compliance adherence, this union fosters enhanced performance, improved data integrity, and a more cost-effective, scalable infrastructure for customers.

 

“Our strategy behind this acquisition was to enable Avant to deliver best-in-class data and system interoperability support services to the healthcare and life sciences sectors powered by AvantAI® and our high-density compute capabilities,” said Tim Lantz, Chief Executive Officer of Avant Technologies. “At the same time, this exciting combination significantly strengthens our financial profile, offers massive commercial growth opportunities in one of Avant’s largest target markets, and bolsters our internal customer support and R&D capabilities.”

 

The healthcare sector currently grapples with a confluence of intensifying pressures. Providers face an unrelenting demand to elevate patient outcomes while simultaneously reducing costs. This exigency coincides with an unprecedented prevalence of chronic illness and clinician burnout. Despite the transformative potential of digitalization within healthcare, a crucial impediment persists. The lack of standardized data protocols renders the vast troves of information generated by this digital revolution immensely intricate and expensive to utilize. Consequently, the potential for data-driven solutions to the industry’s most pressing challenges remains unrealized.

 

“In the near term, if the healthcare industry expects to succeed in lowering costs while improving quality, the deployment of advanced AI, combined with more powerful, cost-effective compute capabilities will be critical to that success,” said Angela Harris, Avant’s Chief Operating Officer. “The addition of Wired-4-Health will position Avant as a key contributor in helping healthcare organizations solve complex problems at the intersection of cost, quality, compliance and technology.”    Continued… Read these full press releases and more news for Avant Technologies at:  https://www.financialnewsmedia.com/news-avai/

 

Other recent developments in the markets of note include:

 

 

 

NVIDIA Corporation (NASDAQ: NVDA) recently announced that leading AI application developers across a wide range of industries are using NVIDIA digital human technologies to create lifelike avatars for commercial applications and dynamic game characters. The results are on display at GTC, the global AI conference held this week in San Jose, Calif., and can be seen in technology demonstrations from Hippocratic AI, Inworld AI, UneeQ and more.

 

NVIDIA Avatar Cloud Engine (ACE) for speech and animation, NVIDIA NeMo™ for language, and NVIDIA RTX™ for ray-traced rendering are the building blocks that enable developers to create digital humans capable of AI-powered natural language interactions, making conversations more realistic and engaging.

 

“NVIDIA offers developers a world-class set of AI-powered technologies for digital human creation,” said John Spitzer, vice president of developer and performance technologies at NVIDIA. “These technologies may power the complex animations and conversational speech required to make digital interactions feel real.”

 

SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced that its voice assistant with integrated ChatGPT will be the first to go into vehicles in Japan. SoundHound Chat AI Automotive became the world’s first in-vehicle voice assistant with integrated generative AI when it hit the market in April 2023. It will be available in Stellantis DS Automobiles in Japan starting this month.

 

At the beginning of March 2024, DS Automobiles became the first automaker in the world to go into full production with SoundHound Chat AI, with an initial rollout in 13 languages across 18 countries. The most sophisticated voice AI assistant available today, it can respond to a vast range of questions from hundreds of real-time domains, as well as large language models, like ChatGPT.

 

This assistant – which DS Automobiles has named Iris – will allow drivers and passengers to use hands-free voice control to unlock a vast range of information and updates. Whether that’s for planning a trip, opening the sunroof, asking for the sports scores, making a call, or accessing parking information from their destination.

 

CXApp Inc. (NASDAQ: CXAI) recently announced the signing of strategic partnership and development agreements with Google Cloud as part of the launch of the CXAI Platform.  Khurram Sheikh, Chairman and Chief Executive Officer of CXApp said, “The CXAI SaaS platform is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.

 

“Our strategic partnership and development agreements with Google Cloud signify a pivotal moment in our journey. By leveraging our AI-native platform, powered by cutting-edge technology and data insights, we’re poised to be the technology leader enabling transformative workplace experiences”, stated Naresh Soni, CTO of CXApp Inc.

 

 

 

Marvell Technology, Inc. (NASDAQ: MRVL) recently outlined its broad-ranging strategy to optimize optical technology to meet the rising performance and power requirements of AI and cloud data centers at OFC 2024, taking place in San Diego, California.

 

Marvell CEO and Chairman, Matt Murphy, and EVP and GM of Cloud Optics, Dr. Loi Nguyen, among others, discussed the driving forces behind the growth of optical as well as Marvell’s ideas for enhancing optical PAM4 DSPs, coherent DSPs, silicon photonics, and other optical technologies for data centers to serve an expanding range of architectures, applications, use cases, performance characteristics, and customer profiles.

 

“Over the last two decades, optical data rates have increased 1000x while energy per bit has declined 100x3, and in the process transformed data infrastructure and enabled the rise of services like streaming media, cloud computing, smartphones and AI,” said Dr. Radha Nagarajan, senior vice president and chief technology officer, Optical Platforms at Marvell and the 2024 recipient of the David Richardson Medal for significant contributions to optical engineering. “The industry is now entering a new chapter and Marvell is looking forward to collaborating with its partners in extending the horizons of this far-reaching technology.”

 

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AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders

AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders: AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders

No April Fools in These AI Stocks (NASDAQ: $GXAI) (Nasdaq: $LGCL) (TSX: $MCB.TO) (NASDAQ: $JTAI)

No April Fools in These AI Stocks (NASDAQ: $GXAI) (Nasdaq: $LGCL) (TSX: $MCB.TO) (NASDAQ: $JTAI)

 

 

 

 

 

April 3, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the AI (artificial intelligence) sector.

 

Read this in full at https://www.investorideas.com/news/2024/technology/04032AI-Stocks.asp

 

The newest tech stocks are involved in the AI (artificial intelligence) and machine learning sectors.

 

New Stocks Added to the AI Directories:

Gaxos.ai Inc. (NASDAQ: GXAI) isn’t just developing applications; it’s aim is to redefine the human-AI relationship. Our offerings are being expanded to include health and wellness, as well as gaming. We’re committed to addressing health, longevity, and entertainment, through AI solutions.

 

Lucas GC Ltd (Nasdaq:LGCL) is the largest AI technology-driven online agent-centric human capital management service provider targeting professionals based on PaaS in China. As a company empowered by artificial intelligence, data analytics, and blockchain technologies, Lucas is committed to digitalizing and intellectualizing the entire human capital management process. Lucas provides a platform to support trusted private social networks of professionals, through which it provides services consisting of recruitment services, outsourcing services, and other services such as information technology services and training services. The Company's users are primarily professionals who work in human resources related functions. The Company's corporate customers are corporations with recruitment, training, sales leads generation and outsourcing demands.

 

McCoy Global, Inc. (TSX:MCB) is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in Canada, the United States of America, and the United Arab Emirates and operates internationally in more than 50 countries through a combination of direct sales and key distributors.

 

Jet.AI Inc. (NASDAQ: JTAI ) operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of stand-alone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet card, on-fleet charter, management, and buyer’s brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup® champions. The Company was founded in 2018 and is based in Las Vegas, NV and San Francisco, CA.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

Read and hear The AI  Eye Podcast

 

Research AI stocks with our Free AI stock Directory

 

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