Point Roberts, WA and Vancouver, BC – September 24, 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 607: Stocks discussed: (NasdaqGS: $BIDU) (NasdaqGS: $NICE)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:BIDU) (NasdaqGS:NICE)
Baidu, Inc. (NasdaqGS:BIDU) has signed a strategic cooperation agreement with gas operator and service provider China Gas Holdings Ltd. to “drive digital and intelligent transformation in the energy and power sector with innovative solutions based on Baidu AI Cloud.” This will see Baidu “expedite China Gas’ move to the cloud and harness its AI capabilities to build customized applications including smart monitoring, smart scheduling, gas usage prediction, and smart customer services.” Haifeng Wang, Baidu’s CTO, said:
“We are in a golden era in which digital technology and traditional industries are deeply integrated. Baidu AI Cloud will leverage its competitive advantages to enable digital transformation, accelerate intelligent upgrades, and empower thousands of industries that drive the national economy and support people’s livelihoods and society’s well-being.”
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has been chosen by Toronto-based fintech firm KOHO Financial to support the latter’s “digital platform and further accelerate its growth in the market.” KOHO will leverage Actimize’s AML Essentials to enhance its anti-money laundering and financial crime operations. Craig Costigan, CEO, NICE Actimize, said:
“NICE Actimize’s cloud and AI-based capabilities will deliver exceptional performance in support of KOHO’s digital operation. As we continue to expand our presence in the Canadian banking and fintech space, NICE Actimize is proud to support KOHO’s anti-money laundering initiatives with our Essentials solutions, ensuring compliance and providing a foundation for growth.”
Global AI in Drug Discovery Market to Reach $1.69B in 2025
Research published by ReportLinker finds that the global AI in Drug Discovery market is projected to grow from $360 million in 2020 to $1.69 billion in 2025, registering a compound annual growth rate (CAGR) of 38 percent in the forecast period. An excerpt from the report’s summary reads:
The rise in demand for a reduction in the overall time taken for the drug discovery process is a key driver propelling the growth of the artificial intelligence (AI) in drug discovery market.Traditionally, it takes three to five years for animal models to identify and optimize molecules before they are evaluated in humans whereas start-ups based on AI have been identifying and designing new drugs in a matter of few days or months.
Sam Mowers, Investorideas.com
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