The #AIEye: AWS ( $AMZN) Makes Textract Service Generally Available, Tencent (OTC: $TCEHY) Launches #AI Diagnostic System for Digital Colonoscopy and iRobot ( $IRBT) Introduces New Robot Vacuum and Mop
AI in Medical Imaging to Reach $264.85 Billion by 2026
Point Roberts WA, Vancouver BC – May 30, 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: (Nasdaq:AMZN) (OTC:TCEHY) (Nasdaq:IRBT)
Amazon Web Services (AWS), a subsidiary of Amazon.com (NasdaqGS:AMZN), has announced the general availability of Amazon Textract, a service that uses machine learning to extract text and data. Textract works on multiple formats and accurately generates text, form and table data. Swami Sivasubramanian, Vice President, Amazon Machine Learning, explained:
“The power of Amazon Textract is that it accurately extracts text and structured data from virtually any document with no machine learning experience required. Subsequently, developers can analyze and query the extracted text and data using our database and analytics services like Amazon Elasticsearch Service, Amazon DynamoDB, and Amazon Athena and integrate with other machine learning services like Amazon Comprehend, Amazon Comprehend Medical, Amazon Translate, and Amazon SageMaker to help customers derive deeper meaning from the extracted text and data.”
Tencent Holdings Limited (OTC:TCHEY) is launching an AI-supported auxiliary diagnostic system for conducting digital colposcopy, which will enable doctors to more accurately and efficiently diagnose cervical cancer. Ding Ke, the vice president of Tencent, said:
"There is a pressing need for smart technology in the healthcare information system. Tencent is exploring ways to provide the medical industry with targeted solutions and is spearheading the use of new technologies in the sector. The launch of this technology is another breakthrough in AI-assisted diagnosis for major diseases and follows close collaboration with medical experts and other partners."
iRobot Corporation (NasdaqGS:IRBT) is introducing two new robots including the Roomba s9+ robot vacuum and the Braava jet m6 robot mop. Christian Cerda, COO of iRobot, commented:
"The Roomba s9+ robot vacuum and Braava jet m6 robot mop are the most advanced robots that iRobot has ever built and the best home cleaning robots in the market today. Customers who demand high-performance, detailed cleaning will appreciate the superior suction of the Roomba s9+ and its ability to vacuum deep into corners where dirt hides. The mapping and navigation intelligence of the Braava jet m6, along with its advanced cleaning features, provide customers with a robot that can mop their whole home."
AI in Medical Imaging to Reach $264.85 Billion by 2026
A report from Data Bridge Market Research finds that the global AI in medical imaging market will grow from $21.48 billion in 2018 to $264.85 billion by 2026 with a compound annual growth rate (CAGR) of 36.89 percent. The market is outlined in the report description as:
Medical imaging can be described as the diagnostic procedure that involves the creation of visual aids and image representations of the human body, and involves the monitoring of performance and functioning of the organs of the human body. With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out. The AI assists the surgeons in carrying out the image capturing process and how to diagnose these images for the conclusion and personalized treatment in respect to every individual and patient. Artificial intelligence mainly consists of two types, robots and machine learning. Machine learning involves the recognition and application of algorithm in computer systems for the rendering of images. Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.
Sam Mowers, Investorideas.com
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