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AI Eye Podcast 709: Stocks discussed: (NasdaqGS: $NVDA) (OTC: $SIEGY) (NasdaqCM: $EVLV)

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Vancouver, Kelowna, Delta, BC – July 1, 2022 (Investorideas.com Newswire) 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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AI Eye Podcast 709: Stocks discussed: (NasdaqGS: $NVDA) (OTC: $SIEGY) (NasdaqCM: $EVLV)

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

Stocks discussed: (NasdaqGS:NVDA) (OTC:SIEGY) (NasdaqCM:EVLV)

NVIDIA Corporation (NasdaqGS:NVDA) has announced an expansion of its partnership with German tech giant Siemens (OTC:SIEGY) to “enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level.” To do so, the firms plan to connect Siemens Xcelerator, an open digital business platform, with NVIDIA Omniverse, a platform for 3D-design and collaboration, allowing “an industrial metaverse with physics-based digital models from Siemens and real-time AI from NVIDIA in which companies make decisions faster and with increased confidence.” Jensen Huang, founder and CEO, NVIDIA, said:

“Siemens and NVIDIA share a common vision that the industrial metaverse will drive digital transformation. This is just the first step in our joint effort to make this vision real for our customers and all parts of the global manufacturing industry. The connection to Siemens Xcelerator will open NVIDIA’s Omniverse and AI ecosystem to a whole new world of industrial automation that is built using Siemens’ mechanical, electrical, software, IoT and edge solutions.”

Weapons detection security screening firm Evolv Technologies Holdings, Inc. (NasdaqCM:EVLV) has partnered with Distrito T-Mobile, described as “Puerto Rico’s premier entertainment destination.” The former’s Evolv Express weapons screening solution “combines powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume, ease and speed,” and allows visitors to Distrito T-Mobile to “walk into the 476,000 square-foot complex, without burdensome delays at the entrance.” Peter George, CEO of Evolv Technology, said:

“This partnership is exciting because not only does Evolv help visitors to Distrito T-Mobile stay safe, but the work we are doing together marks our expansion into Puerto Rico. Our mission is to help make the world a safer place, and this brings us another step closer to that.”

Global AI in Healthcare Market to Reach $25.12B by 2027

Research published by ReportLinker finds that the global AI in Healthcare market is projected to grow from $8.23 billion USD in 2021 to $25.12 billion by 2027, registering a compound annual growth rate (CAGR) of 21.56 percent in the forecast period. An excerpt from the report summary outlines some key factors impacting the market’s growth:

Consistent development through research and innovative addition to medical devices and medical procedures supports the growth of the global AI in healthcare market in the next five years. The growing abundance of medical data and the demand for storing that data regarding patient and medical cases further aids the growth of the global AI in healthcare market in the next five years.Surging demands for precision medicine also aids the market growth.

Sam Mowers, Investorideas.com

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