Vancouver, Kelowna, Delta, BC – March 10, 2022 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s special edition of The AI Eye.
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AI Eye Podcast 669: Stocks discussed: (NYSE: $AI) (NasdaqGM: $VERI)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:AI) (NasdaqGM:VERI)
C3.ai, Inc. (NYSE:AI) has announced that the C3 AI Suite has been designated FedRAMP Ready by the U.S. Government Federal Risk and Authorization Management Program (FedRAMP). This designation renders it “easier and faster for government agencies to approve and implement the C3 AI Suite,” according to the press release. Scott Chapman, CEO of Project Hosts, a company which partners with the C3 AI Suite, said:
“As machine learning and AI drives innovation and change in the federal sector, partnerships with industry leaders like C3 AI are critical. This partnership builds upon C3 AI and Project Hosts foundations to create a FedRAMP AI solution meeting the highest security requirements required for this space.”
Veritone, Inc. (NasdaqGM:VERI) has delivered the world’s first use of multilingual synthetic voice clones for a financial results call, in having the audio script for the company’s fourth quarter and full year 2021 financial results call feature “digitally cloned voices of Chief Executive Officer Chad Steelberg, President Ryan Steelberg, Chief Financial Officer Mike Zemetra and very special guest digital twin of the legendary sports announcer Vin Scully.” Zemetra explained:
“Getting earnings data out into the market is incredibly important and often stressful as we scrutinize every detail in our script and filings. When using synthetic voice for our financial results call, my first concern was what if there are last minute changes or corrections? I discovered that Veritone Voice takes just a few minutes with updates, and it also enhances non-verbal aspects of speech such as pitch, volume, speed of delivery, rhythm and intonation – making my synthetic voice the closest version of my own voice.”
Global AI in Drug Discovery to Reach $5.55B by 2029
A report published by Research and Markets finds that the global AI in Drug Discovery market is projected to grow from $626.6 million USD in 2022 to $5.55 billion by 2029, registering a compound annual growth rate (CAGR) of 36.6 percent in the forecast period. An excerpt from the report’s description outlines some of the key applications of AI in the market:
Artificial Intelligence (AI) uses complex algorithms and machine learning to acquire significant information from huge datasets. For instance, AI uses RNA sequencing data to recognize genes whose expression correlates with a given cellular condition. It employs the most recent advancements in biology to create cutting-edge medicine discovery algorithms. The increase in computer processing power, the development of advanced algorithms, and the availability of large datasets are the main drivers that led to the developments in machine learning.
Sam Mowers, Investorideas.com
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