#AIEye #Podcast 730: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $ORCL) (NasdaqGS: $NVDA) #artificialintelligence
AWS Launching Infrastructure Region in Thailand, and Oracle and NVIDIA Announce Multi-Year Partnership
Global #AI in #ClinicalTrials Market to reach $4.8B by 2027
Vancouver, Kelowna, Delta, BC – October 18, 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: (NasdaqGS:AMZN) (NYSE:ORCL) (NasdaqGS:NVDA)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced plans to launch an infrastructure Region in Thailand. This AWS Asia Pacific (Bangkok) Region will “enable developers, startups, and enterprises, as well as government, education, and nonprofit organizations, to run their applications and serve end users from AWS data centers located in Thailand.” Prasad Kalyanaraman, vice president of Infrastructure Services at AWS, said:
“The AWS Asia Pacific (Bangkok) Region will enable organizations to build with AWS technologies like artificial intelligence and machine learning, data analytics, and Internet of Things. With these new tools, AWS is empowering governments to better engage with citizens, enterprises to innovate for their next phase of growth, and entrepreneurs to build businesses and compete on a global scale."
Oracle Corporation (NYSE:ORCL) and NVIDIA Corporation (NasdaqGS:NVDA) have announced a multi-year partnership aimed at helping customers solve business challenges with accelerated computing and AI, by bringing the full NVIDIA accelerated computing stack to the Oracle Cloud Infrastructure (OCI). Jensen Huang, CEO and founder, NVIDIA, said:
“Accelerated computing and AI are key to tackling rising costs in every aspect of operating businesses. Enterprises are increasingly turning to cloud-first AI strategies that enable fast development and scalable deployment. Our partnership with Oracle will put NVIDIA AI within easy reach for thousands of companies.”
Global AI in Clinical Trials Market to reach $4.8B by 2027
A report published by Markets and Markets finds that the global AI in Clinical Trials market is projected to grow from $1.5 billion USD in 2022 to $4.8 billion by 2027, registering a compound annual growth rate (CAGR) of 25.6 percent in the forecast period. The following excerpt from the report’s description outlines some factors influencing the market’s growth:
The growing need to curb clinical trials costs and reduce time involved in the drug development process, the rising adoption of cloud-based applications and services, and the impending patent expiry of blockbuster drugs are some of the key factors driving the growth of artificial intelligence in clinical trials market.
However, a shortage of AI workforce and ambiguous regulatory guidelines for medical software and lack of data sets in this field are some of the factors expected to restrain the growth of the AI in clinical trials market in the coming years.
Sam Mowers, Investorideas.com
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