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AI Eye Podcast 694: Stocks discussed: (ASX: BRN) (TSXV: NXO)

BrainChip Announces AI Enablement Program, and NexOptic’s ALIIS AI Selected by Semicon Networks for Auto-Pilot Systems

 

Vancouver, Kelowna, Delta, BC - May 13, 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 694: Stocks discussed: (ASX: BRN) (TSXV: NXO)

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

Stocks discussed: (ASX:BRN) (TSXV:NXO)

BrainChip Holdings Ltd. (ASX:BRN) has announced a three-tier AI Enablement Program to support customers seeking to deploy edge AI/ML to improve and differentiate their products. According to the press release, the Program "delivers working prototypes that demonstrate on-chip, in device AI inference and learning," providing "turn-key support, from collaborative identification of device AI use cases to sensor and model integration, running on Akida hardware." Sean Hehir, BrainChip's CEO, said:

"BrainChip's AI Enablement Program ensures a simple, singular path to excellence in deploying edge AI/ML so our customers can overcome barriers and accelerate time to market. The program's three distinct options for design, development and support levels meet the needs of organizations developing next-generation products, from prototype to production."

NexOptic Technology Corp. (TSXV:NXO) has announced that its ALIIS AI has been selected by Semicon Networks of South Korea to bring safer vision solutions to automotive auto-pilot systems. ALIIS is described in the press release as "a machine-learning AI suite providing significant instant energy savings, advanced data compression and enhancements to images and videos everywhere from the edge to the cloud." Richard Geruson, Chairman of NexOptic, said:

"Auto-pilot technologies bring exciting opportunities for AI companies like NexOptic. AI based object recognition is a critical component of these systems, and being able to perform effectively at night, in inclement weather conditions and in other challenging environments will be key to any company wanting to succeed in this rapidly evolving industry."

Global AI in Medical Imaging Market to Reach $20.11B by 2031

A report published by Transparency Market Research finds that the global AI in Medical Imaging market is projected to reach $20.11 billion USD by 2031, registering a compound annual growth rate (CAGR) of 36.1 percent in the forecast period 2021-31. The following excerpt from the report's summary outlines the ways in which AI is being leveraged in the market:

The application of artificial intelligence (AI) in medical imaging is one of the most promising areas of health and medical innovation. Certainly, AI finds various applications in medical imaging such as image acquisition, processing to aided reporting, follow-up planning, data storage, data mining, and others. In recent years, AI has shown remarkable precision and sensitivity in the classification of imaging abnormalities and ensures to improve tissue-based detection and characterization.

Sam Mowers, Investorideas.com

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