The #AIEye Episode 385: Oracle (NYSE: $ORCL) Makes Autonomous Database Available in Customer Data Centers and TELUS (TSX: $T.TO) Ventures Enters Strategic Agreement with Zebra Medical Vision
Global Facial Recognition Market to Reach $12.92 Billion by 2027
Point Roberts WA, Vancouver BC – July 9, 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: (NYSE:ORCL) (TSX:T)
Oracle Corporation (NYSE:ORCL) has announced the availability of Oracle Autonomous Database in customer data centers. Combined with the Exadata Cloud@Customer platform, this database is described in the press release as “the simplest and fastest transition to a cloud model.” Carl Olofson, Research Vice President, Data Management Software, IDC, explained:
"Oracle Autonomous Database on Exadata Cloud@Customer combines the game changing capabilities of the revolutionary Exadata X8M platform with Oracle's most advanced machine-learning-powered database and its second-generation cloud control plane for a true enterprise-grade database cloud experience on-premises.”
TELUS Ventures, the strategic investment arm of TELUS Corporation (TSX:T), has entered into a strategic agreement with deep-learning medical imaging analytics company Zebra Medical Vision. According to the press release, the agreement involves an investment to “grow Zebra-Med’s presence in North America and enable the company to expand its artificial intelligence (AI) solutions to new modalities and clinical care settings.” Ohad Arazi, CEO at Zebra Medical Vision, commented:
“This collaboration will help catalyze Zebra-Med’s expansion into Canada’s healthcare ecosystem. Zebra-Med is deeply committed to enhancing care through the use of machine learning and artificial intelligence. We have already impacted millions of lives globally, and we’re honoured to launch this significant collaboration with TELUS Ventures, driving better care for Canadians.”
Global Facial Recognition Market to Reach $12.92 Billion by 2027
A report from Fortune Business Insights finds that the global Facial Recognition market will grow from $4.35 billion in 2019 to $12.92 billion by 2027 with a compound annual growth rate (CAGR) of 14.8 percent in the forecast period 2020-2027. An excerpt from the report summary outlines the role of AI-based facial detection systems in the market:
Rising adoption of face recognition systems based on AI platform[s] among enterprises is expected to be one of the key growth trends for the market. [These] system[s] use AI technology and machine learning (ML) algorithms to identify and verify a person from a digital image or video source. These technologies help to increase user engagement, identify human expressions, manage security systems, analyze customer behavior, and improve user safety.
Sam Mowers, Investorideas.com
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