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AI Eye Podcast: Stocks discussed: (NYSE: $NOTE) (NasdaqGS: $NVDA)
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:NOTE) (NasdaqGS:NVDA)
FiscalNote Holdings, Inc. (nyse:note ) has announced it “has been selected as one of 14 inaugural “trusted partners” – and the sole provider of legal, political, and regulatory data and information – to collaborate with AI research and deployment company openai by enabling access to select FiscalNote market leading real-time data sets and content for users of OpenAI’s ChatGPT platform.” FiscalNote’s Chairman, CEO, and Co-founder, Tim Hwang, said:
“Since we founded FiscalNote a decade ago, the company has been an early adopter and pioneer of AI, uniquely applying it to the political and legal domain, and building a specialized expertise that has made us the unparalleled leader in this space. We’re excited to collaborate with OpenAI and, as the market leader in legal and regulatory intelligence, we intend to continue to always be at the forefront as technological capabilities continue to advance. We believe this is the beginning of an innovative collaboration with a fellow AI pioneer, and we intend to continue to push the bounds of what is possible as we use this cutting-edge technology to deliver results for our global customers and advance their business objectives.”
NVIDIA Corporation (nasdaqgs:nvda ) has announced that Google Cloud is integrating the newly-launched L4 GPU and Vertex AI to accelerate the work of companies building a rapidly expanding number of generative AI applications. Jensen Huang, founder and CEO of NVIDIA, said:
“Surging interest in generative AI is inspiring a wave of companies to turn to cloud-based computing to support their business models. We are working with Google Cloud to help ensure that the capabilities they require are easily available and able to help fuel the incredible new tools and applications they will create.”
Global Healthcare AI Market to Reach $169.7B by 2029
A report published by exactitude consultancy finds that the global market for Healthcare AI is projected to grow from $7.23 billion USD in 2020 to $169.7 billion by 2029, registering a compound annual growth rate (CAGR) of 42 percent in the forecast period 2022-29. The following excerpt from the report’s summary outlines the ways in which the technology is implemented:
The ability to gather data, process it, and produce a well-defined output to the end-user distinguishes AI technology from traditional healthcare solutions. Machine learning techniques and deep learning are used by AI to do this. These systems are capable of recognizing patterns in behaviour and developing their own logic. Machine learning models must be trained with a large amount of data to gain amounts of data through electronic health records for disease prevention and accurately diagnosing and risk stratifying patients with concern for coronary artery as well as other diseases.
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