#AIEye #Podcast 492: AWS (NasdaqGS: $AMZN) Announces New ML Capabilities for SageMaker and IBM (NYSE: $IBM) Announces New #AI, NLP Capabilities for Watson #artificialintelligence
Global AI in Drug Discovery Market to Decline to $360 Million in 2020 Due to COVID-19, but Reach $1.1 Billion by 2023
Point Roberts WA, Vancouver BC – December 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: (NasdaqGS: AMZN) (NYSE:IBM)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced nine new capabilities for its machine learning service Amazon SageMaker. According to the press release, these capabilities include: “faster data preparation, a purpose-built repository for prepared data, workflow automation, greater transparency into training data to mitigate bias and explain predictions, distributed training capabilities to train large models up to two times faster, and model monitoring on edge devices.” Swami Sivasubramanian, Vice President, Amazon Machine Learning, AWS, said:
"Today, we are announcing a set of tools for Amazon SageMaker that makes it much easier for developers to build end-to-end machine learning pipelines to prepare, build, train, explain, inspect, monitor, debug, and run custom machine learning models with greater visibility, explainability, and automation at scale."
IBM (NYSE:IBM) has announced innovative new capabilities for IBM Watson aimed at helping to scale the use of AI by businesses. These capabilities leverage AI and natural language processing (NLP), and include Reading Comprehension, FAQ Extraction, a new intent classification model, and expanded language support from IBM Watson Discovery. Daniel Hernandez, General Manager of Data and AI, IBM, said:
"This past year has shown us that the real power of AI is in helping companies take action and respond to changing conditions in real time. That means in minutes and hours -- not weeks or months. Today's new AI capabilities are yet another example of how cutting-edge AI advancements coming out of IBM Research help us to deliver innovations for language, automation and building trust in IBM Watson that are changing the game for businesses of all sizes and across all industries."
Global AI in Drug Discovery Market to Decline to $360 Million in 2020 Due to COVID-19, but Reach $1.1 Billion by 2023
Research published by ReportLinker finds that the global market for AI in Drug Discovery
is expected to decline from $370 million in 2019 to $360 million in 2020 with a compound annual growth rate (CAGR) of -1.33 percent. This is attributed mainly to the COVID-19 pandemic and its associated “restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges.” However, following this disruptive year, the report indicates that “the market is then expected to recover and reach $1.1 billion in 2023 at a CAGR of 42.9%.”
Sam Mowers, Investorideas.com
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