The #AIEye: Delta Electronics Partners with Microsoft (Nasdaq: $MSFT) for Digital Transformation and Virtusa (Nasdaq: $VRTU) Joins SAIL
APAC #AI in Healthcare to Hit $11.733 Billion by 2025
Point Roberts WA, Vancouver BC – September 19, 2019 – 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (TPE:2308) (NasdaqGS:MSFT) (NasdaqGS:VRTU)
Taiwanese electronics giant Delta Electronics, Inc. (TPE:2308) has announced a partnership with Microsoft (NasdaqGS:MSFT) for the former’s digital transformation, according to local outlet the Taipei Times. In addition to the digital transformation, Delta Electronics chairman Yancey Hai said the company is “also planning future collaborations with Microsoft in areas such as machine deep learning at its robotics arm with the aim of improving the industrial automation business”. Hai said:
“We have set up two AI [artificial intelligence] projects with Microsoft’s headquarters in the US... One is aimed at improving the efficiency and noise cancelation of our ultra-thin fans, the other is focused on developing a product quality management system.”
Virtusa Corporation (NasdaqGS:VRTU) has joined the Stanford Artificial Intelligence Laboratory (SAIL) as an Affiliate Member. According to the press release, the collaboration will focus on using AI to help patients live longer, reduce food waste, and improve profitability of products in the healthcare, insurance, life sciences, communications, media, technology, and banking and financial services industries by extending open source research projects for AI”. Samir Dhir, president, Virtusa, commented:
“We recognize the critical importance of collaboration in advancing AI technologies to create intelligent solutions that make lives better and businesses more efficient. Virtusa joining forces with SAIL enables us to leverage our deep industry and technical expertise to define solutions that make it easier for organizations to benefit from AI. We are excited to collaborate on this challenge with the eminent researchers at Stanford.”
APAC AI in Healthcare to Hit $11.733 Billion by 2025
A report from Ken Research finds that the Asia Pacific (APAC) AI in Healthcare market is projected to reach $11.733 billion by 2025, according to a press release. An excerpt from the market overview reads:
APAC AI in Healthcare Market has witnessed strong growth owing to rising number of collaborations, investments and partnerships among hospitals, healthcare providers, AI developers and medical device manufacturers; improved accuracy and predictive capacity of AI powered devices, limited number of skilled healthcare professionals in developing countries such as China and India and over the years advancements in processor design and manufacturing techniques across Asia Pacific region. The market size by revenue witnessed a five year CAGR of close to 56% during the review period (2013-2018) due to the combined effect of these factors. The market is currently placed in high growth stage with strong possibility for further innovations and developments at a faster pace with positive trends expected in the industry.
Sam Mowers, Investorideas.com
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