The #AIEye: Nuance (NasdaqGS: $NUAN) Names Board of Directors for Automotive Spin-Off Company and Veritone (NasdaqGM: $VERI) One Announces Influencer Bridge for Content Creators
Global Healthcare #AI Market to See 51.9% CAGR from 2018-2023
Point Roberts WA, Vancouver BC – August 8, 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: (NasdaqGS:NUAN) (NasdaqGM:VERI)
Nuance Communications, Inc. (NasdaqGS:NUAN) has named the board of directors for its automotive spin-off company, Cerence Inc. Arun Sarin, former CEO of Vodafone, will be appointed Cerence Chairman of the Board when the spin-off is completed on October 1, 2019. Also named to the board is Sanjay Dhawan, who previously served as president of the Connected Services Division and chief technology officer of Harman Industries International since 2015. According to the press release, “Dhawan brings a deep understanding of AI and machine learning applications, with a focus on developing solutions at the intersection of devices, sensors, cloud solutions and data integration”. Mark Benjamin, CEO of Nuance, commented:
“For Cerence’s future Board of Directors, we have assembled a group of highly talented leaders who bring a variety of meaningful, deep talent and expertise. As Nuance prepares to spin the automotive business into Cerence, the extensive knowledge, unique insights, and proven success of this board will serve Cerence and its shareholders well and will be integral to the company’s bright future.”
Veritone One, a wholly-owned subsidiary of Veritone, Inc. (NasdaqGM:VERI), is launching a pay-per-performance advertising platform for audio and video content creators called Influencer Bridge. The platform will leverage Veritone’s AI-powered aiWARE to “listen, watch and understand the content of each podcast episode and YouTube video included in the Influencer Bridge program”. Ryan Steelberg, President of Veritone One, explained:
“Influencer Bridge gives all influencers – whether established or up and coming – a seat at the table by enabling them to monetize their content without much time investment and at no cost. In turn, advertisers can expand their reach and also have the opportunity to advertise to a hyper-targeted audience in engaging and authentic ways. We are excited to kick-off the launch of a series of new advertising services with this unique offering that benefits both content creators and advertisers.”
Global Healthcare AI Market to See 51.9% CAGR from 2018-2023
A report from Market Research Future finds that the global Healthcare Artificial Intelligence market will see a compound annual growth rate (CAGR) of 51.9 percent in the forecast period 2018 to 2023. An excerpt outlines the market dynamics:
Artificial intelligence (AI) is being used for a range of healthcare and research purposes, such as detection of diseases, management of chronic conditions, delivery of health services, and drug discovery. AI applications and systems deliver new efficiencies and possibilities which empower healthcare professionals and researchers to improve their quality of work and enhance the lives of patients. Artificial intelligence is algorithms which are capable of analyzing complex research data. Their potential to exploit meaningful relationship within a data set can be used in precision medicine, drug discovery, and predicting outcome in a wide range of clinical scenarios. AI is advancing in clinical research as it has the potential to overcome many clinical trial challenges such as matching eligible patients for research and monitoring adherence and data collection. For instance, Deep 6 AI founded in 2015 and headquartered in California, has developed a Deep 6 AI, an artificial intelligence-enabled technology platform, that finds eligible patients for clinical trials faster and analyses complex clinical data. Thus, the application of AI in research helps scientists to speed up their research and get life-saving cures more quickly.
Sam Mowers, Investorideas.com
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