NEW YORK--(BUSINESS WIRE)--Paige, the global leader in AI-based diagnostic software in pathology, today announced that the U.S. Food and Drug Administration (FDA) has granted de novo marketing authorization for Paige Prostate, a clinical-grade AI solution for prostate cancer detection. As a novel technology, Paige Prostate is the first AI-based pathology product to receive de novo approval from the FDA, allowing in vitro diagnostic (IVD) use via Paige's FDA-cleared FullFocus digital pathology viewer. With a projected 60 percent increase in the number of cancer cases globally in the next two decades and a decrease in the number of pathologists relative to this diagnostic demand, there is a significant need to provide new technologies for the practice of pathology. Paige Prostate is a cancer detection solution that identifies foci suspicious for cancer and provides this information to the pathologist. Paige Prostate is designed to assist pathologists in finding small foci of cancer and enable pathologists to work efficiently and confidently in their diagnostic process.
Would you like to be in the aviation business right now? For most people, this would be one of the worst places they could be in. For FLYR Labs CEO and Founder Alex Mans, crisis equals opportunity. FLYR Labs, makers of the data and AI-driven Revenue Operating System for airlines, travel, and transportation, today announced it has secured $150 million in Series C. ZDNet caught up with Mans to find out more about the investment and FLYR's product and growth. "Growth" and "airlines" are hard to use in the same sentence these days.
The companyOutrider, the pioneer in autonomous yard operations for logistics hubs, helps large enterprises improve safety and increase efficiency. The only company exclusively focused on automating all aspects of yard operations, Outrider eliminates manual tasks that are hazardous and repetitive. Outrider's mission is to drive the rapid adoption of sustainable freight transportation by deploying zero-emission systems. Outrider is a private company backed by NEA, 8VC, Koch Disruptive Technologies, and other top-tier investors. For more information, visit www.outrider.ai
Lyons HR, LLC, among the nation's most experienced and most respected privately held professional employer organizations, announced that it has entered into an agreement with UnitedHealthcare to offer a master health plan to its' clients. Mercer Health Benefits is the Broker. "Lyons HR needed a national platform to enhance our growth not only in our primary southeastern footprint but nationwide as well" said Bruce Cornutt, Lyons HR President and CEO. Prior to the collaboration with UnitedHealthcare, Cornutt said "we were limited in terms of plan selections and the ability to really tailor coverage for clients. We now have a wide selection of plan options and price points poised to meet the needs of all our clients."
Uber Technologies Inc. wants to expand its zero emissions pledge to food-delivery and make the business environmentally sustainable, but Chief Executive Officer Dara Khosrowshahi stopped short of committing to do so by a 2030 deadline for its ride-hailing arm. The CEO said in an interview that food deliveries Uber makes in Europe are typically carried on scooters and bikes, so it prioritized cars for its green ambitions. "We wanted to start with our mainline mobility business, and then based on our learnings there, we will absolutely apply them to delivery as well," Khosrowshahi said. "I don't know if it'll be included in the 2030 target, but we're absolutely going to look to drive delivery to be fully green as well." Ahead of two weeks of climate talks between world leaders -- known as COP26 -- several transportation-focused technology firms called for sped-up sustainability targets and expanded urban mobility options.
A Sandia National Laboratories team of materials scientists and computer scientists, with some international collaborators, have spent more than a year creating 12 new alloys -- and modeling hundreds more -- that demonstrate how machine learning can help accelerate the future of hydrogen energy by making it easier to create hydrogen infrastructure for consumers. Vitalie Stavila, Mark Allendorf, Matthew Witman and Sapan Agarwal are part of the Sandia team that published a paper detailing its approach in conjunction with researchers from Ångström Laboratory in Sweden and Nottingham University in the United Kingdom. "There is a rich history in hydrogen storage research and a database of thermodynamic values describing hydrogen interactions with different materials," Witman said. "With that existing database, an assortment of machine-learning and other computational tools, and state-of-the art experimental capabilities, we assembled an international collaboration group to join forces on this effort. We demonstrated that machine learning techniques could indeed model the physics and chemistry of complex phenomena which occur when hydrogen interacts with metals."
Fivetran took a big step into the world of enterprise data integration today when it announced an Andreessen Horowitz-led $565 million round of financing and plans to acquire change data capture (CDC) vendor HVR for $700 million. The move positions the up-and-coming ETL company to further access exabytes of data stored in on-prem databases and ERP systems on behalf of its customers. The Series C round and acquisition position Fivetran to be at the forefront of the next generation of data integration and extract, transform, and load (ETL) capabilities. The nine-year-old, Oakland, California company has made its mark by simplifying the process of setting up pipelines that extract data from source systems–primarily SaaS applications running on clouds–and load it into cloud-based data warehouses. Today's news will help to expand Fivetran's footprint with on-prem systems, including the ERP applications at the heart of established enterprises.
Pune, India, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The global Artificial Intelligence (AI) market size is expected to gain momentum by reaching USD 360.36 billion by 2028 while exhibiting a CAGR of 33.6% between 2021 to 2028. In its report titled, "Artificial Intelligence (AI) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others), and Regional Forecast, 2021-2028" Fortune Business Insights mentions that the market stood at USD 35.92 billion in 2020. Artificial Intelligence has become immensely popular, and industries across the globe are rapidly incorporating it into their processes to improve business operations and customer experience. Not only the big companies but also the small and medium businesses are investing in this technology. Besides, the advancement and implementation of 5G, cloud computing, and a huge database are the factors, which are propelling its demand.
This morning Eleos Health, a company that uses AI-backed voice technology to gather insights into behavioral health, scored $6 million in seed funding. The funding news coincides with the company's announcement that Dr. David Shulkin, former Secretary of the U.S. Department of Veterans Affairs, has joined the company's board. The Israeli company created a tool that uses voice AI capabilities to help mental health professionals analyze their patients. Clinicians can run the technology in the background of a mental health session. The system is then able to analyze the session based on "hundreds of data parameters" and in turn give clinicians more insights and information about the patient, and in turn help personalize care.
Artificial intelligence is certainly one of the most fascinating technologies in the world today, as this cutting-edge innovation has so many different applications. Whether it's using machine learning to make companies more efficient, taking advantage of AI to improve consumer finance, or building self-driving vehicles that leverage this disruptive technology, it's quite evident that AI's use cases span far and wide across almost any industry. The global AI market is expected to grow at a compound annual growth rate of 40.2% from 2021 to 2028, which means it's hard not to be on board with companies involved in the adoption of this intriguing technology. With more and more organizations deciding to implement AI in some way and the global pandemic stimulating market growth of the industry with secular trends, adding shares of businesses at the forefront of AI could really pay off over the next few years. That's why we've put together a list of 3 artificial intelligence stocks to buy now to help investors make the right choices when adding exposure to this high-upside area of the tech sector.