The #AIEye Episode 325: Tencent (OTC: $TCEHY) Provides #COVID19 Self-Triage Assistant, Donates $10M to WHO and Datametrex (TSX: $DM.V) Completes Interactive COVID-19 Dashboard
Global #AI in Manufacturing Market to Reach $82.58 Billion in 2025
Point Roberts WA, Vancouver BC – April 3, 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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Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/04031AIEye-TCEHY-DM.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC:TCEHY) (TSXV:DM)
Tencent Holdings Limited (OTC:TCEHY) has announced further collaboration with the World Health Organization (WHO), including the provision of an “AI-powered tool” to combat the COVID-19 pandemic. Called the COVID-19 self-triage assistant, the tool “enables preliminary self-evaluation regarding infection of the disease and provides tips on its prevention,” according to the press release. It uses AI technology to assist in translating professional medical guidance into easy-to-understand messages.
Additionally, Tencent donated $10 million to the WHO's COVID-19 Solidarity Response Fund. Tencent President Martin Lau said:
"The world is facing unprecedented challenges and needs to come together with great solidarity. WHO is leading and coordinating the global efforts, supporting countries to combat the pandemic. Tencent believes that global solidarity will help all of us fight the spread of COVID-19, and we will open source our digital health solutions in addition to making a donation to achieve this shared mission.”
Datametrex AI Limited (TSXV:DM) has completed an interactive COVID-19 dashboard to help monitor and understand the global impact of COVID-19. The dashboard integrates data collected from various entities, including the WHO, which it then analyzes and presents in an easy-to-understand format. Datametrex CEO Marshall Gunter said:
“As an AI company, we felt it important to provide access to a platform like this so people can see the real time effects of the COVID-19 pandemic. We’ve had a lot of interest from people looking for more data surrounding the Coronavirus and COVID-19 as a result of the work we are doing for the United States Government. It was from this that we decided to build a user friendly dashboard that allows people to see the global impact. We produce more than just reports.”
Global AI in Manufacturing Market to Reach $82.58 Billion in 2025
A report published by Research and Markets finds that the global AI in Manufacturing market will grow from $31.348 billion in 2019 to $82.584 billion in 2025 with a compound annual growth rate (CAGR) of 17.52 percent in the forecast period. An excerpt from the report description reads:
With the growing popularity of Industrie 4.0, there has been an increase in the application of artificial intelligence across many business functions as it aids in achieving fewer errors, shorter reaction times, clearly assigned tasks, and optimization of production systematically and sustainably. Industrie 4.0 is also helping in increasing the output and provides safety for employees and factory assets, and it has also enabled the manufacturers to manufacture customized goods at lower costs and in lesser time. This is further increasing the demand for artificial intelligence in manufacturing. The growth of artificial intelligence in manufacturing will continue to be driven by widespread usage of machine vision cameras in manufacturing applications like for inspection, material movement, field service, and quality control.
Sam Mowers, Investorideas.com
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