The #AIEye: Nuance (NasdaqGS: $NUAN) Announcers Collaboration with AMA and Veritone (NasdaqGS: $VERI) Signs Multiyear Agreement with Canada’s Bell Media
Global Emotion Detection and Recognition Market to Reach $56 Billion by 2024
Point Roberts WA, Vancouver BC – March 2, 2020 – 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) (NasdaqGS:VERI)
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced a strategic collaboration with the American Medical Association (AMA) to pilot documentation burden solutions for physicians. The collaboration will leverage Nuance’s ambient clinical intelligence (ACI), an AI-powered solution that transforms “clinical conversations between patients and physicians into reliable medical chart notes,” as well as “AMA’s expertise in physician burnout prevention and healthcare informatics.” Nuance CEO Mark Benjamin commented:
“Our collaboration with the AMA is another key step toward solving one of the most difficult and high-priority problems facing all of healthcare today - the challenge of reducing physician and other caregiver burnout so that providers can refocus on the patient. It’s also a great example of how Nuance is continuing to combine AI-powered technical innovation, domain focus, and close collaboration with trusted partners like the AMA, Microsoft, and our EHR partners to deliver solutions from which we can all benefit.”
Veritone, Inc. (NasdaqGS:VERI) has entered a multiyear agreement with Canadian mass media giant Bell Media to bring its “content and ad intelligence solutions,” to almost 40 of the latter’s “top-performing radio and television stations in a dozen markets throughout Canada.” Paul Cramer, Managing Director of Enterprise Radio Solutions, Veritone, said:
"Veritone is honored to work with Bell Media to bring AI-enabled content and ad intelligence to its national and local advertisers .Veritone has quickly become an industry standard, adopted by thousands of stations throughout the U.S., which demonstrates the value that both Canadian broadcasters and advertisers will now receive as well. I am excited to work with Bell Media to chart the course in the Canadian market."
Both Nuance and Veritone’s stock are in the green today, likely buoyed by the wide recovery seen in the stock market following last week’s Coronavirus-fuelled downturn. Veritone in particular is posting growth of about 5.5 percent at press time.
Global Emotion Detection and Recognition Market to Reach $56 Billion by 2024
A report from Markets and Markets finds that the global Emotion Detection and Recognition market is projected to grow from $21.6 billion in 2019 to $56.0 billion by 2024 with a compound annual growth rate (CAGR) of 21 percent in the forecast period. An excerpt from the report description outlines the substantial role played by natural language processing (NLP) in the market’s growth:
Natural Language Processing (NLP) is a subfield of Artificial Intelligence (AI) that enables computers to understand human languages, including slangs, accents, and contractions, to produce human-like speech and text. It executes a lexical analysis that evaluates languages and sets of data, based on human languages. NLP empowers computers to perform tasks, such as translation, question answering, content classification, part-of-speech tagging, language detection, parsing, lemmatization/stemming, and semantic reasoning. NLP-powered applications are gaining traction in different applications, such as speech and voice recognition, gesture recognition, computer-assisted coding, and data mining.
Sam Mowers, Investorideas.com
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