Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast: #Stocks discussed: (NasdaqGS: $META) (NasdaqGS: $MSFT) (CSE: $PMED.C)

Thursday, July 20, 2023

#AIEye #Podcast: #Stocks discussed: (NasdaqGS: $META) (NasdaqGS: $MSFT) (CSE: $PMED.C)

#AIEye #Podcast: #Stocks discussed: (NasdaqGS: $META) (NasdaqGS: $MSFT) (CSE: $PMED.C)

Meta Announces Availability of Llama 2 with Microsoft, and Predictmedix AI Bringing Contactless AI Solutions to Healthcare in India

Global #EmbeddedAI Market to Reach $18B by 2028

Vancouver, Kelowna, Delta, BC – July 20, 2023 – 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:META) (NasdaqGS:MSFT) (CSE:PMED)

Meta Platforms, Inc. (NasdaqGS:META) has announced the availability of Llama 2, the next generation of its open source large language model. Notably, Meta is making it available free of charge for research and commercial use. The company also announced that Microsoft (NasdaqGS:MSFT) is its preferred partner for Llama 2, which is available in the Azure AI model catalog, “enabling developers using Microsoft Azure to build with it and leverage their cloud-native tools for content filtering and safety features.” An excerpt from the announcement reads:

Now, with this expanded partnership, Microsoft and Meta are supporting an open approach to provide increased access to foundational AI technologies to the benefits of businesses globally.

Predictmedix AI Inc. (CSE:PMED) has announced contactless integrative AI solutions for healthcare in India. Combining computer vision, thermal imaging, predictive analytics, and leveraging the power of advanced AI algorithms, Predictmedix aims to enable seamless and efficient healthcare interactions including contactless temperature screening, symptom analysis, mental health assessments, and substance abuse detection, and more. Rahul Kushwah, Chief Operating Officer of Predictmedix, said:

"We are thrilled to introduce our contactless integrative AI solutions to the Indian healthcare landscape. Our technology represents a significant leap forward in medical diagnostics and screening. By minimizing physical contact, we are prioritizing patient safety while maximizing the efficiency and effectiveness of healthcare practices."

Global Embedded AI Market to Reach $18B by 2028

A report published by Research and Markets finds that the global market for Embedded AI is projected to grow from $9.4 billion USD in 2023 to $18 billion by 2028, registering a compound annual growth rate (CAGR) of 14 percent during the forecast period. The report cites the “growing demand for intelligent and autonomous systems for a personalized experience and increasing advancements in AI and ML technologies for better and smart decisions” as key influences on the market’s growth. The following excerpt from the report’s description outlines the role and utility of Embedded AI:

Embedded AI hardware plays a critical role in the market by providing the necessary computing power and specialized capabilities to support AI applications directly on embedded systems. Embedded AI hardware can be customized and integrated into specific embedded systems, ensuring seamless compatibility and efficient utilization of resources. This allows hardware vendors and system designers to tailor the AI hardware to meet the specific requirements of the target application, achieving optimal performance and functionality.

Sam Mowers, Investorideas.com

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