Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 612: #Stocks discussed: (NYSE: $IBM) (NYSE: $RTX) (NYSE: $MDT) #artificialintelligence

Monday, October 11, 2021

#AIEye #Podcast 612: #Stocks discussed: (NYSE: $IBM) (NYSE: $RTX) (NYSE: $MDT) #artificialintelligence

#AIEye #Podcast 612: #Stocks discussed: (NYSE: $IBM) (NYSE: $RTX) (NYSE: $MDT) #artificialintelligence

IBM and Raytheon to Develop AI Solutions for Aerospace, Defense, and Intelligence Industries, and Medtronic Receives European Approval for Hugo Robotic-Assisted Surgery System

Global AI Chip Market to Reach $109.83B by 2028

Point Roberts WA, Vancouver BC – October 11, 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/2021/101121-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2021/artificial-intelligence/10111IBM-RTX-MDT.asp

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

Stocks discussed: (NYSE:IBM) (NYSE:RTX) (NYSE:MDT)

IBM (NYSE:IBM) has announced a strategic agreement with Raytheon Technologies Corporation (NYSE:RTX) to “jointly develop advanced artificial intelligence, cryptographic and quantum solutions for the aerospace, defense and intelligence industries.” Dario Gil, senior vice president and director of Research, IBM, explained:

"The rapid advancement of quantum computing and its exponential capabilities has spawned one of the greatest technological races in recent history – one that demands unprecedented agility and speed. Our new collaboration with Raytheon Technologies will be a catalyst in advancing these state-of-the-art technologies – combining their expertise in aerospace, defense and intelligence with IBM's next-generation technologies to make discovery faster, and the scope of that discovery larger than ever."

Medtronic (NYSE:MDT) has announced that it has received CE (Conformité Européenne) Mark Approval for its Hugo robotic-assisted surgery (RAS) system, which authorizes its sale in Europe. Rob ten Hoedt, executive vice president and president of the Europe, Middle East, and Africa (EMEA) region at Medtronic, explained:

"Robotics and artificial intelligence are the undeniable future of healthcare, with incredible potential to not only advance patient care, but increase access to these benefits. The Hugo RAS system builds on our leadership in minimally invasive surgery, and we're thrilled to provide hospitals across Europe a robotic-assisted surgery system that is thoughtfully designed to meet their needs today and tomorrow. We've had strong interest from leading surgical centers across Europe and expect to move quickly with multiple installations in several countries."

Global AI Chip Market to Reach $109.83B by 2028

A report published by Verified Market Research finds that the global Artificial Intelligence Chip market will grow from $7.37 billion USD in 2020 to $109.83 billion by 2028, registering a compound annual growth rate (CAGR) of 40.17 percent in the forecast period 2021-2028. The following excerpt from the report’s description outlines some factors influencing the market’s growth:

“The increasing need for more efficient systems to solve mathematical & computational problems, the emergence of quantum computing, and the growing implementation of AI chips in robotics are expected to drive the global artificial intelligence chip market growth.”

Sam Mowers, Investorideas.com

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