Thursday, August 13, 2020

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Drilling Success Continues at Las Chispas, Babi Vista Vein Takes Centre Stage, New Record Drill Hole: 1.7 Metres Grading 635 gpt Au, 26,004 gpt Ag or 73,595 gpt AgEq; @SilverCrestMet

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Drilling Success Continues at Las Chispas, Babi Vista Vein Takes Centre Stage, New Record Drill Hole: 1.7 Metres Grading 635 gpt Au, 26,004 gpt Ag or 73,595 gpt AgEq; @SilverCrestMet

 


Vancouver, British Columbia - August 13, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TONYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce additional drill results for the Babi Vista Vein ("Babi Vista") at its Las Chispas Property (the "Las Chispas" or the "Property") located in Sonora, Mexico. The current drill program on Babi Vista is designed to expand and in-fill high-grade precious metal mineralization to be included in the updated resource for the ongoing feasibility study (see attached Figures). New results released today are for 48 holes (see table below) combined with 76 previously announced holes totalling 124 holes (see news releases dated February 25, 2019, November 14, 2019, March 9, 2020 and May 12, 2020). The results today for Babi Vista demonstrate high-grade continuity and a developing high-grade zone similar to the adjacent Babicanora Vein (Area 51 zone), and Babicanora Norte Vein (Area 200 zone). These high-grade veins are near surface with underground development underway and are being considered for mining early in the mine life. The Babi Vista Vein was discovered in February 2019 and was intersected underground for confirmation in mid-2019 while developing the Santa Rosa decline to intersect the Babicanora Vein, Area 51 zone. Hole BV20-60 establishes a new grade-thickness record for the Property, returning 1.7 metres (intercept width) grading 634.56 grams per tonne ("gpt") gold ("Au") and 26,003.6 gpt silver ("Ag"), or 73,595 gpt silver-equivalent (125,111 gram-metres, "AgEq" based on assumptions defined in the table below). The previous record was Hole LC19-118 at 10.8 metres grading 7,873 gpt silver equivalent (85,028 gram-metres).

 

Read this news featuring SilverCrest in full at https://www.investorideas.com/CO/SILV/news/2020/08131Drilling-Success-Las-Chispas.asp

 

The expanded high-grade footprint for Babi Vista is estimated at 800 metres along strike by an average 150 metres in height. The weighted average (true width, uncut, undiluted) of these new results is 0.8 metres grading 58.25 gpt Au and 3,183.2 gpt Ag, or 7,552 gpt AgEq. The weighted average is dominated by hole BV20-60 and when excluding this hole, the weighted average is 0.8 metres grading 15.34 gpt Au and 1,507.7 gpt Ag, or 2,614 gpt AgEq. With a total of 177 holes (53 holes pending assays) drilled to date, at an approximate spacing of 35 metres, a majority of this mineralization is anticipated to be included as indicated resources for the upcoming updated resource estimation in the ongoing feasibility study. In addition to the Babi Vista Vein drill results, the newly defined Babi Vista Hangingwall ("HW") and Footwall ("FW") veins were also intersected with results presented in tables below. Both new veins (HW and FW) will be considered for inclusion in the upcoming resource estimation.

 

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "After a few months shutdown due to COVID-19, we restarted in late May with 8 drills focusing on in-fill and expansion of high-grade mineralization on the Babi Vista Vein. Drill results to date have been better than expected with 25 holes out of 124 holes showing grades greater than 2,500 gpt AgEq with good continuity. Since intercepting Babi Vista while driving the Santa Rosa decline, we have systematically drill tested this vein which, although narrow, is believed to be the most continuous with respect to multi-kilogram per tonne AgEq intercepts for a vein to date on the Property. We have only partially drill-tested a strike length of 800 metres of Babi Vista, which may have an overall length of approximately 2,000 metres based on historic surface workings along the projected strike of the vein. For the remaining part of the year, we plan to continue drilling with 8 to 12 drills on Babi Vista and Babicanora Vein northwest extension. We expect a steady flow of exploration drill results for the rest of the year."

 

The most significant result for this release is Hole BV20-60, which intersected 1.3 metres (estimated true width) grading 634.56 gpt Au and 26,003.6 gpt Ag, or 73,595 gpt AgEq. Also noteworthy are holes BV20-53 at 4.4 metres grading 19.87 gpt Au and 2,995.9 gpt Ag, or 4,486 gpt AgEq and BV20-94 at 0.7 metres grading 85.40 gpt Au and 4,716 gpt Ag, or 11,121 gpt AgEq. The following table summarizes the most significant drill intercepts (uncut, undiluted) for this release;

 

Babi Vista Vein



Babi Vista HW Vein



Babi Vista FW Vein



Note: All numbers are rounded. Based on a cutoff grade of 150 gpt AgEq.

*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

**UBV defines underground drill hole.

 

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada, and Bureau Veritas Inspectorate Ltd. in Hermosillo, Mexico.

 

Holes BV20-34, 44 to 45, 49, 54, 58, 59, 61, 63, 64, 67, 68, 70 to 72, 76, 79 7, 85, 88 to 89, 92 and UBV20-35 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq. Holes BV20-80, 86 to 87, 90 to 91 and 93 to 136 have assays pending (see attached Figures).

 

While drilling for the Babi Vista Vein, several intercepts were made in unnamed veins, with the most significant results below:

·        BV20-51: 0.5 metre grading 17.5 gpt Au and 2,881.0 gpt Ag, or 4,194 gpt AgEq; and

·        BV20-83: 0.5 metres grading 4.64 gpt Au and 379.0 gpt Ag, or 727 gpt AgEq.

 

Further work is planned on these unnamed vein intercepts for possible new vein discoveries.

There are currently eight (8) surface core drills operating at Las Chispas. These drill rigs are completing further in-fill and known vein expansion holes for the Babi Vista Vein and Babicanora Vein to the northwest. Approximately 110 holes for 35,000 metres remain to be completed for 2020. An updated resource estimate is being completed along with the ongoing feasibility study expected in Q4, 2020, provided there are minimum disruptions due to COVID-19.

 

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

 

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership of where all the resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

 

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs of the Las Chispas Property, including updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

 

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

 

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

 

 

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Wednesday, August 12, 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO) (OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO) (OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)

 


Delta, Kelowna, BC, August 12, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081220-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08121AVCN-AVCNF-TGIF-TGIFF.asp

 

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Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast we look at a few private and public company announcements.

 

Shoppers Drug Mart Inc. announced the opening of its first managed medical clinic in Toronto.  Owned and operated by Shoppers Drug Mart, the Health Clinic by Shoppers™ is a primary-care and family practice clinic, providing patients with convenient, one-stop access to medical services and trusted advice.

 

Located at Lawrence Ave. and Dufferin St., this new clinic is the first of three expected to open over the next year in the Greater Toronto Area.  Hosting a suite of family medicine services, the clinic aims to make healthcare more accessible for patients with extended operating hours and increased technology, such as online appointment booking and virtual care options through Medeo® solutions and electronic health records via the AccuroEMR® platform.

 

"We know Canadians want and need more from their primary care.  The world changed quickly and dramatically this year, highlighting the need for more accessible healthcare options for patients – whether that means extended hours and more convenient locations for in-person services, or virtual care services for all patients including those who don't currently have access to a family physician," says Jeff Leger, President, Shoppers Drug Mart.  "The Health Clinic by Shoppers combines convenience and technology in a way that is increasingly relevant to Canadians looking for health and wellness support."

 

As Shoppers Drug Mart expands its range of healthcare services, the company assembled a team of individuals with extensive experience in health clinic operations and management, and established a Physician Advisory Board to support the design and implementation of the new health clinic model.

 

"The COVID 19 pandemic has had a substantial impact on both the way Canadians access health care and on how physicians deliver primary care to their patients," says Dr. Barry McLellan of the Health Clinic by Shoppers Physician Advisory Board. "Through an enhanced experience of consistent quality of care, convenient hours, technology-enabled and virtual care services all delivered in a modern clinic space, the Health Clinic by Shoppers is uniquely positioned to provide high-quality, patient-centered healthcare to Canadians."

 

Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNFannounced that its advanced RHO Phyto™ Micro Drop oils are now officially available nationwide in Canada on the Medical Cannabis by Shoppers™ platform as well as through the Medical Cannabis Real-World Evidence study at the University Health Network as announced by the Company on July 15, 2020.

 

Following years of research and development in collaboration with world class academic and clinical organizations, Avicanna is proud to be launching RHO Phyto, a full formulary of advanced medical cannabis products, for patients and the medical community in Canada.  Following the Micro Drop oils, Avicanna expects to launch two advanced sublingual spray formulations in the upcoming weeks. The RHO Phyto product line includes oil drops, sublingual sprays, capsules and topicals with varying ratios of CBD and THC. The RHO Phyto products are designed to address a range of medical conditions that may require various rates of relief. For example, the "Rapid Act" sublingual sprays provide a faster onset of effects than the "Simple Dose" capsules and "Micro Drop" oils. To ensure batch-to-batch consistency and high-quality products, these formulations are manufactured under Good Manufacturing Practices in partnership with MediPharm Labs Inc. and GMP-level analytical testing is performed by Sigma Analytical Services Inc. All RHO Phyto products will be tracked using blockchain technology developed by TruTrace Technologies Inc. to manage, track and trace each step of the supply chain.

 

Aras Azadian, CEO of Avicanna commented, "We believe that our RHO Phyto formulary is designed to address numerous gaps in the current medical cannabis framework with respect to patient needs and provide an opportunity to attract new prescribers and patients to medical cannabis solutions. The introduction of a strictly medical line of products, backed by extensive research, pre-clinical data, GMP manufacturing and offered by Shoppers, has the opportunity to set a new standard of care and establish RHO Phyto as the leading medical product line in the medical cannabis market." 

 

With the patient in mind, RHO Phyto Micro Drop oils are formulated with enhanced absorption, prolonged stability, and consistency. The blood orange flavoured Micro Drop oil 1.6 CBD - 0.06 THC and Micro Drop oil 0.6 CBD – 0.16 THC are available in a 25:1 and 4:1 CBD to THC ratio, respectively. The product name includes the amount in milligrams (mg) of CBD and THC that is delivered per dose. Detailed guidelines about dosing and titration for Health Care Practitioners and patients is available on the RHO Phyto website at www.rhophyto.com, as well as on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, along with additional product information, product guidelines for patients, and frequently asked questions.

 

As a part of Avicanna's commercialization strategy, the Company will be providing education and training for HCPs, patients, and medical institutions about medical cannabis and the RHO Phyto product line. Educational materials can be found on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, including a recording of Avicanna's 3rd annual symposium that was hosted virtually in partnership with Shoppers on July 21st and was live-streamed by over 1,000 participants.

 

1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), announced the introduction of a new line of extra strength products to its extensive wellness portfolio. The Canna Hemp™ Plus line was developed for consumers who want to experience the added benefits of increased CBD at competitive prices from a reliable and trusted brand.

 

As the health and wellness market continues to research the power of the cannabis plant, the Company's Canna Hemp™ brand is applying its expertise in utilizing cannabidiol (CBD) in a variety of formulas in order to meet the lifestyles and needs of a growing consumer base. With double the amount of CBD, the PLUS line was designed to offer competitively-priced products with some of the highest amounts of CBD found today in the marketplace.

 

"Our exciting suite of wellness products continues to grow in a number of segments and price points. Over the last three years, we have earned the trust of our consumers by offering products that are effective, reliable and contain the highest quality CBD sourced in the USA", stated Mr. Eugene Ruiz, President of 1933 Industries. 'Our best-selling topical Relief Cream and all Elixirs will launch the PLUS line today, with more products to follow over the coming months."

 

"We are also pleased to announce that we have re-priced all of our regular Canna Hemp™ products and we will be increasing the amount of CBD in the Canna Hemp™ Vape Pens, Lotions and Lip balms. As the price of CBD has come down, we are passing these savings along to our consumers", added Mr. Ruiz. "Our leading Canna Hemp ™ line will not only boast the best ingredients and most effective formulations, but also a highly competitive pricing structure for premium products. There's never been a better time to discover the many uses and benefits of hemp and CBD for both the body and mind."

 

All Canna Hemp™ products are specifically formulated with the Company's proprietary TerpFX™ blend of real cannabis-derived terpenes and organic, botanical oils. Terpenes mimic the profiles of cannabis strains without any THC. In addition to the PLUS line, the Company recently launched a line of products made with organic hemp seed oil available via online marketplaces such as Amazon.com and Walmart.com and via its direct to consumer e-commerce website cannahemp.com.

 

The Board of Directors of Province Brands of Canada, the beverage technology company that has developed a first-of-its-kind patent-pending process expected to reduce environmental impact and create beverages and other ancillary products that are less harmful for human health, announced that Jennifer Dianne Thomas, Esq. has been appointed  the company's new Chief Executive Officer, effective immediately. Previously, Ms. Thomas was the Province Brands' Chief Legal Officer. She is Co-Founder of Province Brands and will remain a member of its Board of Directors.

Ms. Thomas replaces Dooma Wendschuh, Co-Founder and CEO since the company was formed in 2016. Mr. Wendschuh informed the Board in December, 2019, of his intent to transition from executive leadership, and planning has been underway since. Mr. Wendschuh remains a full-time employee of Province Brands dedicated to the company's success as a co-founder.

 

"Dooma has taken Province Brands from an idea that met with widespread early resistance to the verge of market-ready launch with facilities under construction, valuable IP, a broad vision, emerging product offerings, and he will remain an important part of Province Brands' future," said Ms. Thomas. "I'm excited about the road ahead and thank Dooma and the Board for its confidence and full support."   

 

Ms. Thomas added: "I'm excited to take over as CEO of Province Brands to create and deliver new solutions and revenue streams that allow the business to grow in these challenging times. In addition to innovative thinking, the current environment in the industry and world at large presents a confluence of constrains that require risk mitigation and sound legal, financial and compliance experience that I have accumulated over my 12 years of practicing at Schulte Roth & Zabel LLP, Jones Day, and with other cannabis companies. These experiences have prepared me to lead Province Brands' to a bright future.

 

Since co-founding Province Brands four years ago, Ms. Thomas has spearheaded multiple vital strategic initiatives and partnerships, played a major role in managing the business, overseen all aspects of the company's legal and licensure strategies, and managed the company's legal and finance department.

 

"Under Jennifer's leadership, Province Brands is poised to transform the brewing industry," said Mr. Wendschuh. "There is no one better suited for the job, more highly regarded by the team, or more capable to lead this company. I've been honored to have Jennifer as a partner for the past four years and I've been thrilled to watch her succeed at every task she's undertaken. Her bold vision for the company is exciting and I'm thrilled to help her succeed."

 

Ms. Thomas for two years has represented Province Brands on the board of the Cannabis Beverage Producers Alliance. She founded the State Bar of Georgia's Cannabis and Hemp Bar Section. Prior to Co-Founding Province Brands, Ms. Thomas held roles including Corporate Associate at Schulte Roth & Zabel LLP, and Corporate Associate at Jones Day. She earned her Juris Doctor degree from Howard University School of Law and holds a Bachelor of Fine Arts degree from Southern Methodist University.

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

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Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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The #AIEye Episode 409: GBT (OTCPINK: $GTCH) Completes Phase I of #AI-Powered qTerm and Microsoft (NasdaqGS: $MSFT) Announces Partnership with Standard Chartered Bank for Digital Transformation

The #AIEye Episode 409: GBT (OTCPINK: $GTCH) Completes Phase I of #AI-Powered qTerm and Microsoft (NasdaqGS: $MSFT) Announces Partnership with Standard Chartered Bank for Digital Transformation

 

Global AI in Manufacturing to Reach $18.5 Billion by 2025

 


Point Roberts WA, Vancouver BC – August 12, 2020  – 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.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081220-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/08121AIEye-GBT-MSFT.asp

 

Hear the Ai Eye on Spotify  

 

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

 

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:MSFT) (LSE:STAN)

 

GBT Technologies Inc. (OTCPINK:GTCH) has completed Phase I of its AI-powered human vitals device qTerm, a joint venture with GBT Tokenize Corp. This first phase concluded “a user friendly, efficient size and shape for version one,” of the device, which “could be easily attached to a smart phone or used as a standalone instrument.” An excerpt from the press release reads:

 

In order to join the world's battle against the COVID-19 virus, we are accelerating version one development with the goal to bring the product into the market as soon as possible. Version one will be measuring human temperature. If the reading is of concern, the user will receive a timely visual and audio alert. qTerm smart phone app will keep a history for the user's records and provide numerical and statistical data about the user's body temperature.                  

 

In addition, qTerm’s mobile app is designed to be powered by AI, anonymously and securely collecting the user data, building a worldwide ‘thermal map’ to alert about potential health risks proximities. The device sizes and shape, including battery location and PCB board has been determined and now GBT is moving to Phase II, which is the device circuits implementation and optimization.

 

Microsoft (NasdaqGS:MSFTannounced a three-year strategic partnership with Standard Chartered Bank (LSE:STAN) to accelerate the latter’s digital transformation through a cloud-first strategy. Bhupendra Warathe, CTO, Cloud Transformation at Standard Chartered, explained:

 

"The pandemic has shone a spotlight on the need for businesses and banks to be resilient from a risk mitigation, cost and security perspective. With the increasing trend of an always-on digital economy, commercial and consumer clients are looking for applications and services that empower them to do online banking from anywhere, flexibly and efficiently. The speed and scale of continuous innovation offered by Azure allows us to innovate with the latest AI services to meet evolving client needs. We can pilot new apps in one market and scale them rapidly across others. This is especially important for a bank with a footprint as broad and diverse as ours."

 

Global AI in Manufacturing to Reach $18.5 Billion by 2025

 

A report from Zion Market Research finds that the global AI in Manufacturing market will grow from $1.1 billion in 2018 to $18.5 billion in 2025 with a compound annual growth rate (CAGR) of 49.7 percent in the forecast period 2019-2025. An excerpt from the report analysis outlines the role of predictive maintenance in the market:

 

The predictive maintenance analysis works on artificial intelligence (AI) algorithms and artificial neural networks. Along with downtime cost reduction, it helps in the extension of equipment’s RUL (Reduction of Life). In case of unavoidable maintenance, AI informs the technicians [about] advanced inspection before the situation arises. The emerging need for smart maintenance application[s] in the manufacturing industry is driving the global artificial intelligence (AI) in manufacturing market worldwide. Huge initial investments [into] deploying artificial intelligence (AI) in already existing mechanical robots are hindering the market. The integration of AI has revolutionized product designing techniques. The rising demand for generative designs is estimated to create new market opportunities over the forecast timeframe.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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