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AI Eye Podcast 692: Stocks discussed: (NYSE: $PHG) (CSE: $DSAI.CN)

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Vancouver, Kelowna, Delta, BC – May 9, 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 692: Stocks discussed: (NYSE: $PHG) (CSE: $DSAI.CN)

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

Royal Philips Receives Clearance for MR 7700 System, and DeepSpatial Announces Client Validation of AI-Driven Platform

Stocks discussed: (NYSE:PHG) (CSE:DSAI)

Royal Philips (NYSE:PHG) has received FDA 510(k) clearance for its new MR 7700 system. Arjen Radder, General Manager of Magnetic Resonance and Diagnostic X-ray at Philips, explained:

“Enhanced with ultra-high gradients and artificial intelligence, Philips MR 7700 is built to deliver on the high-quality clinical performance expectations of today, and to facilitate the most demanding and promising research programs that will help drive the future of MR imaging, without sacrificing workflow efficiency or wide-bore patient comfort. Combined with its AI-driven smart connected imaging capabilities, optimized workflows and integrated clinical solutions help meet the quadruple aim of healthcare by improving MR department productivity, enhancing the patient and staff experience, helping to deliver high-quality diagnostic outcomes.”

Outcome-based AI firm DeepSpatial Inc. (CSE:DSAI) has announced successful client validation of its AI-driven Platform in the government sector for educational advancements for underserved communities. Rahul Kushwah, CEO of DeepSpatial, said:

“Validation of our technology by making a measurable socio-economic impact with the department of education marks a major milestone for Deepspatial. This establishes us as the first company bringing Geospatial AI solutions to the education sector. This not only opens a vast market in India, but also globally, which positions DeepSpatial for significant growth for the company and for our shareholders.”

Global AI in Food & Beverage Market to Reach $5.66B by 2026

A report published by Technavio finds that the global AI in Food and Beverage market is projected to grow to $5.66 billion USD by 2026, registering a compound annual growth rate (CAGR) of 21.93 percent in the forecast period 2022-26. The report cites “rising demand for automation to improve productivity,” as well as “the high demand and use of smart devices, wireless, and cloud technology,” as key factors driving the market’s growth. It also cites, however, a “lack of skilled personnel,” and “lack of technical knowledge” as possible impediments to the market’s growth.

Sam Mowers, Investorideas.com

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