Point Roberts, WA and Vancouver, BC – July 26, 2021 (Investorideas.com Newswire) 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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AI Eye Podcast 584: Stocks discussed: (NasdaqGS: $TWST) (NYSE: $MDLA)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:TWST) (NYSE:MDLA)
Synthetic biology and genomics company Twist Bioscience Corporation (NasdaqGS:TWST) is incorporating AI technology from MOLCURE Inc. to augment therapeutic antibody discovery. Emily Leproust, CEO and co-founder of Twist Bioscience, commented:
“Twist Bioscience continues to innovate and incorporate the most advanced methods of antibody discovery and optimization into our processes. MOLCURE’s AI approach complements our proprietary antibody discovery and optimization efforts, leveraging technology to refine our internal antibody pipeline. Their platform enables us to find more leads derived from NGS sequencing from our library. We look forward to taking leads generated from this collaboration forward within our internal pipeline.”
Medallia, Inc. (NYSE:MDLA) has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valuing the former at $6.4 billion. According to the press release, this will see Medallia “become a private company with additional resources and greater flexibility to build on its innovation leadership and expand its customer impact.” Scott Crabill, a Managing Partner at Thoma Bravo, said:
“Medallia has positioned itself at the forefront of the experience management market with a best-in-class SaaS platform that leverages proprietary AI to help companies better understand their customers and employees and drive meaningful business growth at scale. Medallia’s ability to provide personalized and predictive insights across every channel and to companies of all sizes has become mission-critical in a rapidly expanding universe of structured and unstructured data, where more and more business is transacted digitally. We look forward to partnering with Leslie and the talented Medallia team and applying our operational and investment expertise in software to support the company in the next phase of its growth journey.”
Global AI in Diagnostics Market to Reach $5.37B by 2028
A report published by Verified Market Research finds that the global AI in Diagnostics market will grow from $532.22 million in 2020 to $5.37 billion by 2028, registering a compound annual growth rate (CAGR) of 33.23 percent in the forecast period 2021-2028. An excerpt from the report’s description reads:
Key factors that are driving the market growth include the growing demand for reducing diagnostic cost, improving patient care, reducing machine downtime coupled with growing demand for low-cost diagnostic techniques, effective & efficient report analysis, and quick diagnostic data generation. Furthermore, advancements in AI and deep learning are expected to prove more efficient in identifying disease diagnoses over the next few years. Increasing adoption of AI-based diagnostics across the developed economies fosters market growth. For the past couple of decades, technological advancements in the healthcare sector are playing a vital role in strengthening the global healthcare infrastructure.
Sam Mowers, Investorideas.com
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