Investorideas.com Newswire – AI Eye Podcast #512: Royal Philips (NYSE: $PHG) Signs Research and Innovation Partnership with Rennes University

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Point Roberts, WA and Vancouver, BC – January 25, 2021 (Investorideas.com Newswire) 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.

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AI Eye Podcast #512: Royal Philips (NYSE: $PHG) Signs Research and Innovation Partnership with Rennes University

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

Stocks discussed: (NYSE:PHG) (OTC:EHVVF)

Royal Philips (NYSE:PHG) has announced the signing of a 5-year technology and innovation partnership with Rennes University Hospital “to support diagnostic, interventional imaging and patient monitoring and management, undertake clinical research, and leverage Philips’ and Rennes University Hospital’s ecosystems of open innovation to foster French start-up companies.” David Corcos, General Manager Philips France, explained:

“Philips and Rennes University Hospital are entering into a ground-breaking partnership aimed at significantly improving the stroke pathway and co-developing AI algorithms to improve care for the most acute patients, particularly those in the ICU. Leveraging the hospital’s clinical expertise and our respective innovation ecosystems, we believe we can jointly innovate to help the hospital’s healthcare professionals improve care and outcomes for their patients, while contributing to a more sustainable healthcare system. We are thrilled by this unique opportunity.”

Digital therapeutics firm EHAVE, Inc. (OTC:EHVVF) has announced plans to continue to address the needs of big data management in mental healthcare using AI and machine learning. Ben Kaplan, CEO of Ehave, explained:

“Ehave moved predictive analytics to the forefront for mental health. The acceleration and acceptance of digital technology in 2021 means more health systems now have the technical capabilities to practice precision medicine as they move closer to predictive analytics. The Ehave dashboard has machine learning-powered models to identify high risk and the likelihood of problems among mental health patients. This offers healthcare providers more efficient patient management.”

Global Blockchain AI Market to Reach $973.6 Million by 2027

A report published by Fortune Business Insights finds that the global Blockchain AI market will grow from $220.5 million in 2020 to $973.6 million in 2027 with a compound annual growth rate (CAGR) of 23.6 percent in that forecast period. An excerpt from the report summary highlights the role of NLP in the market:

“The increasing demand for the combination of blockchain and AI-based natural language processing (NLP) solutions among large enterprises is expected to be one of the key trends for the growth of this market. The intervention-free and fault-tolerant features combined with the non-modifiable, irreversible, and immutable characteristics of blockchain are vital for the security of the sensitive data generated by NLP solutions and algorithms. Blockchain solutions based on NLP help end-users to expand applications such as ERP [enterprise resource planning] systems, security management systems, and others.”

Sam Mowers, Investorideas.com

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(Excerpt) Read more Here | 2021-01-26 00:30:52

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