Point Roberts, WA and Vancouver, BC – November 21, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol’s (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today’s edition of The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence.
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The AI Eye: NVIDIA ($NVDA) Reports ‘Broad Adoption’ of HGX-2™ Server Platform, FICO ($FICO) Chosen for Brazilian Bank’s Digital Operations
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Today’s Column – The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI in Medicine Market to Reach Over $18 Billion by 2025 According to Allied Market Research
A new report from Allied Market Research projects that the global AI in medicine market could reach over $18 billion by 2025. The report, titled: Artificial Intelligence in Medicine Market by Product Type, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2025 predicts that the market for AI Medicine, which was valued at $719 million in 2017, will grow to $18.119 billion by 2025 at a compound annual growth rate (CAGR) of 49.6 percent. An excerpt from the report overview reads:
The major factors that drive the growth of the AI in medicine market include dearth of skilled healthcare professionals and increase in the processing power of AI systems that is estimated to help improve the efficiency of drug discovery and management of clinical trials. In addition, the growth in importance of precision medicine and rise in funding for the R&D activities of the use of AI technology in the field of medicine are anticipated to help boost the market growth. However, limited acceptance from healthcare professionals and limitations of AI decision-making can hamper the market growth. Moreover, untapped market opportunities available in developing regions such as India and China help open new avenues for the market growth during the forecast period.
NVIDIA Reports ‘Broad Adoption’ of HGX-2™ Server Platform, FICO Chosen for Brazilian Bank’s Digital Operations and Cheetah Mobile Announces Financial Results for Q3 of 2018
Stocks discussed: (NasdaqGS:NVDA) (NYSE:FICO) (NYSE:CMCM)
NVIDIA Corporation (NasdaqGS:NVDA) has announced broad adoption of the NVIDIA HGX-2™ server platform. According to the press release, the HGX-2™can run AI machine learning workloads nearly 550x faster, AI deep learning workloads nearly 300x faster and HPC workloads nearly 160x faster, all compared to a CPU-only server. Ian Buck, the vice president and general manager of Accelerated Computing at NVIDIA, commented on the widespread adoption of the server platform:
“Leading technology companies are quickly taking advantage of HGX-2, the most powerful cloud node in history. With HGX-2’s unmatched compute power and versatile design, companies around the world are able to build new products and services that can scale to solve immense compute challenges and address some of the world’s most pressing problems.”
Fair Isaac Corporation (NYSE:FICO) has been chosen by Brazilian bank Banco Original to launch a digital platform. The bank’s aim in going digital is to reduce bureaucracy without compromising safety. Banco’s IT Superintendent, Alexandre Pinelli explained why FICO was the right choice:
“During the entire deployment stage, FICO demonstrated a very high level of expertise. They were very flexible and adapted perfectly to our lean schedule and to changes in scope, timing and performance. FICO proved to be a true strategic partner.”
Cheetah Mobile Inc. (NYSE:CMCM) has announced its third quarter unaudited consolidated financial results for 2018. Some highlights include a year over year revenue growth of 15.6 percent, and quarter over quarter growth of 22.5 percent.
Sam Mowers, Investorideas.com
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AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel’s Pentium Pro, DEC’s Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
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