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AI Eye Podcast 552: Stocks discussed: (NasdaqGS: $LTRN) (TSXV: $MCLD.V)

Point Roberts, WA and Vancouver, BC – May 3, 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 552: Stocks discussed: (NasdaqGS: $LTRN) (TSXV: $MCLD.V)

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

Stocks discussed: (NasdaqGS:LTRN) (TSXV:MCLD)

Lantern Pharma, Inc. (NasdaqGS:LTRN) has entered into a research and development collaboration with Actuate Therapeutics, wherein Lantern’s RADR machine learning technology, large-scale oncology datasets, and A.I. platform will “accelerate key aspects of Actuate’s 9-ING-41 drug candidate.” Panna Sharma, CEO and President of Lantern Pharma, explained:

“Companies like Actuate that are adopting methods that are at the forefront of this new era of data and A.I. guided drug development have the potential to conduct future clinical trials with biomarker signatures that have been generated at a fraction of the cost of traditional techniques. Using highly scalable machine-learning methods to guide drug development can potentially yield new biological insights, while also increasing response rates and improving outcomes in clinical trials.”

mCloud Technologies Corp. (TSXV:MCLD) has announced that wealth management firm Cadence Financial Group is adopting mCloud’s AI-powered AssetCare platform as its air quality solution. According to the press release, “Cadence’s head office is being equipped with a combination of IoT-enabled 24/7 air quality monitoring and AI-driven connected air purification capable of outperforming standard HEPA filtration by continuously eliminating up to 95% of harmful particulates and contaminants smaller than one micron in size.” Patrick O’Neill, mCloud’s President for Connected Buildings, said:

“We are excited to see Cadence join the fast-growing number of customers who are adopting our AssetCare IAQ solution. Our ability to connect one floor of a larger commercial building enabled Cadence to act swiftly in bringing cleaner indoor air to their spaces without the overhead typically associated with a smart building solution.”

Global Image Recognition Market to Reach $4.5B by 2026

A report published by Research and Markets finds that the global Image Recognition market is estimated to grow from $1.8 billion in 2021 to $4.5 billion by 2026 with a compound annual growth rate (CAGR) of 20 percent in the forecast period 2021-2026. An excerpt from the report’s description outlines factors influencing the growth of the market:

Large enterprises in different sectors, such as retail, automotive, healthcare, and defense, are increasingly adopting image recognition technology. Several other fields, such as self-driving vehicles, automated image organization of visual websites, and face identification on social networking websites, are using the Image recognition technology powered by machine learning. Government agencies such as law enforcement agencies are also using facial recognition technology for their safety and security purposes. Airports are also using face remembrance technology at security checkpoints for security purposes. Recent advancements in artificial intelligence and machine learning have highly contributed to the growth of Image Recognition and Object Detection in retail.

Sam Mowers, Investorideas.com

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