Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 536: #Stocks discussed: (NasdaqGS: $INTC) (NasdaqGS: $CEVA)

Wednesday, March 24, 2021

#AIEye #Podcast 536: #Stocks discussed: (NasdaqGS: $INTC) (NasdaqGS: $CEVA)

#AIEye #Podcast 536: #Stocks discussed: (NasdaqGS: $INTC) (NasdaqGS: $CEVA)

#AI Developer Designs AI-Powered Backpack for Visually Impaired Using Intel #Tech, and CEVA Unveils MotionEngine Scout for #Autonomous #Robots

Global AI in #Healthcare to Reach $107.79B by 2027

Point Roberts WA, Vancouver BC – March 24, 2021 – 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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https://www.investorideas.com/Audio/Podcasts/2021/032421-AI-Eye.mp3

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:CEVA)

AI developer Jagadish K. Mahendran and his team have designed an AI-powered, voice-activated backpack that can help the visually impaired navigate and perceive the world, using AI technology from Intel Corporation (NasdaqGS:INTC). The backpack employs a Luxonis OAK-D spatial AI camera, which “runs on Intel Movidius VPU and the Intel® Distribution of OpenVINO™ toolkit for on-chip edge AI inferencing.” According to the press release, “the system audibly conveys information about common obstacles including signs, tree branches and pedestrians,” and “also warns of upcoming crosswalks, curbs, staircases and entryways.” Brandon Gilles, founder and CEO of Luxonis, said:

"Our mission at Luxonis is to enable engineers to build things that matter while helping them to quickly harness the power of Intel AI technology. So, it is incredibly satisfying to see something as valuable and remarkable as the AI-powered backpack built using OAK-D in such a short period of time."

CEVA, Inc. (NasdaqGS:CEVA) has unveiled the Hillcrest Labs MotionEngine Scout, described in the press release as “a highly accurate dead reckoning software solution for intelligent navigation systems in indoor robots including robot cleaners and Autonomous Mobile Robots (AMR) used in industrial or commercial settings.” Chad Lucien, Vice President and General Manager of the Sensor Fusion Business Unit at CEVA, explained:

“Our vast experience in robot navigation, sensor fusion, calibration, and sensor analytics have enabled us to deliver a high-precision dead reckoning software solution that can enhance or provide an alternative to camera or LiDAR based systems. MotionEngine Scout paves the way for a new class of indoor robots that can intelligently navigate their environment while enabling OEM's to achieve the challenging price points necessary to meet end user demand."

Global AI in Healthcare to Reach $107.79B by 2027

Research published by ReportLinker finds that the global AI in Healthcare market will grow from $3.99 billion in 2019 to $107.79 billion by 2027 with a compound annual growth rate (CAGR) of 49.8 percent in the forecast period 2020-2027. An excerpt from the report summary pertaining to the influence of the COVID-19 pandemic on the market reads:

The artificial intelligence in healthcare market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure has observed that, in order to develop and maintain sustainable healthcare setup, utilization of computational technologies such as artificial intelligence has become crucial.

Moreover, the majority of the market players have focused on the development of AI-powered models to fight against the coronavirus pandemic. In addition, several research centers and governments have actively participated in the building of robust AI technologies which are assisting the healthcare professionals to work efficiently even under shortage of resources.

Sam Mowers, Investorideas.com

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