Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 705: #Stocks discussed: (NasdaqGM: $LNTH) (NasdaqGM: $VERI) #artificialintelligence

Monday, June 13, 2022

#AIEye #Podcast 705: #Stocks discussed: (NasdaqGM: $LNTH) (NasdaqGM: $VERI) #artificialintelligence

#AIEye #Podcast 705: #Stocks discussed: (NasdaqGM: $LNTH) (NasdaqGM: $VERI) #artificialintelligence

Lantheus Announces Study Results for its PYLARIFY AI, and Veritone to Sponsor Snowflake Summit 2022

Global AI Market to Reach $1.58T by 2030

Vancouver, Kelowna, Delta, BC – June 13, 2022 – 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: (NasdaqGM:LNTH) (NasdaqGM:VERI)

Lantheus Holdings, Inc. (NasdaqGM:LNTH) has announced study results regarding the PYLARIFY AI – its FDA-cleared artificial intelligence (AI) platform developed to assist in standardized quantification of PSMA PET/CT scans. According to the press release, the results “demonstrated the higher efficiency and consistency of the PYLARIFY AI platform while maintaining the diagnostic accuracy of PSMA imaging in prostate cancer.” Jean-Claude Provost, Interim Chief Medical Officer, Lantheus, said:

“Lantheus is leading the way in harnessing the power of AI and machine learning technologies, together with our game-changing PSMA-targeted PET imaging agent PYLARIFY, to potentially transform the way that clinicians manage and treat prostate cancer. Previous studies have shown how this technology can have utility as a complementary diagnostic tool, and with these results we continue to demonstrate PYLARIFY AI’s reliability, its ability to improve workflow and how it can be applied to our mission to Find, Fight and Follow prostate cancer to improve patient outcomes.”

Veritone, Inc. (NasdaqGM:VERI) has announced its sponsorship of the Snowflake Summit 2022, described as a flagship event running June 13 to 16 in Las Vegas that focuses on the "World of Data Collaboration."” Greg Loose, Veritone’s aiWARE COO, commented:

"As a key technology partner of Snowflake, we are proud to sponsor this premier event. With Veritone’s aiWARE and the Snowflake Data Cloud, Snowflake customers are leveraging AI-powered analytics to tap into hard-to-reach, unstructured data sources such as video, images, audio, and text. The event not only underscores these benefits but also gives attendees access to hundreds of technical, data and business experts about what is possible and next for enterprises in the data cloud."

Global AI Market to Reach $1.58T by 2030

Research published by Valuates Reports finds that the global Artificial Intelligence market is projected to grow from $65.48 billion in 2020 to $1.58 trillion by 2030, registering a compound annual growth rate (CAGR) of 38 percent from 2021-30. An excerpt from the report summary outlines the significance of AI in Automotive as a market driver:

Artificial intelligence has a wide range of applications in the automotive industry. AI is currently being used in the automotive industry, in areas such as design, supply chain, production, and post-production. Furthermore, AI is being used in 'driving assistance' and 'driver risk assessment' systems, which is revolutionizing the transportation industry. Artificial intelligence is also revolutionizing aftermarket services such as predictive maintenance and insurance. Thus, the increasing adoption in the automotive industry is expected to drive the growth of the Artificial intelligence market.

Sam Mowers, Investorideas.com

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