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Artificial Intelligence in Healthcare Market worth $67.4 billion by 2027 – Exclusive Report by MarketsandMarkets – PR Newswire UK

Browse in-depth TOC on"AI in healthcare Market"

163 Tables52 Figures252 Pages

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The services segment is projected to foresee highest CAGR during the forecast period

AI is a complex method as it requires the implementation of sophisticated algorithms for a wide range of applications in patient data and risk analysis, lifestyle management and monitoring, precision medicine, inpatient care and hospital management, medical imaging and diagnostics, drug discovery, and virtual assistants, among others. Hence, for the successful deployment of AI, there is a need for deployment and integration, and support and maintenance services. Big technology companies such as Microsoft (US), and Google (US) are providing cloud services for AI in healthcare applications.

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Machine learning technology to hold largest size of AIin healthcare market during the forecast period

ML is being implemented in healthcare to deal with large volumes of data, where the time previously dedicated to poring over charts and spreadsheets is now being used to seek intelligent ways to automate data analysis. It is used to streamline administrative processes in hospitals, map and treat infectious diseases, and personalize medical treatments. Machine learning includes various technologies, such as deep learning, supervised learning, unsupervised learning, and reinforcement learning.

The key players operating in the artificial intelligence in healthcare market

Europe region is expected to create high market opportunity in artificial intelligence in healthcare market during the forecast period.

The major factors driving the growth of the market in the region include the surging adoption of AI-based tools in R&D for drug discovery, favorable government initiatives to encourage technological developments in the field of AI and robotics, growing EMR adoption leading to the generation of large volumes of patient data, increasing venture capital funding, rising healthcare expenditure, and growing geriatric population.

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Artificial Intelligence in ManufacturingMarket by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region (2022-2027)

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comResearch Insight: https://www.marketsandmarkets.com/ResearchInsight/artificial-intelligence-healthcare-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/artificial-intelligence-healthcare.asp

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Open International revealed how to strengthen your utility’s CX with Artificial Intelligence at the TPPA 2022 Annual Meeting – Utility Dive

MIAMI

The Texas Public Power Association Annual Meeting took place on July 25-27, 2022, in Austin, TX. This event gathered a wide range of energy industry professionals to share their knowledge and experiences related to the industrys present and future challenges. During this conference, Open International brought in two speakers to discuss how utilities can leverage artificial intelligence (AI) to improve their customer experience (CX).

Throughout the presentation, Open Internationals speakers, Juan Corredor, Opens CTO, and Felipe Corredor, Industry Consultant, showed how utilities can strengthen their CX by implementing a CIS solution enriched with artificial intelligence and business rule engine components. They demonstrated how conversational tools work with a modern CIS and how utilities can exceed their customers expectations. In this session, we wanted to show how with Artificial Intelligence (AI) in their toolbox, utilities can provide their customers with delightful experiences powered by modern technologies and software applications, particularly, chatbots, smart speakers, and smart workflows Felipe Corredor said.

Commenting on the conference and Opens presentation, Juan Corredor stated, At Open, weve been working on creating a new simple way to enable utilities to interact with their customers in an efficient and personalized manner, allowing them to anticipate their customers needs through artificial intelligence and data analytics. We enjoyed sharing our industry knowledge and solution with everyone at the TPPA Annual Meeting.

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Since its inception in 1987, Open International has provided technology that helps Telecommunications and Utility service providers meet their business goals and implementinnovativebusiness strategies. Opens software solution has allowed our clients to stay on top of their industrys biggest challenges by giving them the agility to act on current-day and future problems. We believe that through truly great technology, we can help simplify the way service providers operate, create value, and increase customer satisfaction. With these core values, we created our single, state-of-the-art, comprehensive product:Open Smartflexis a holistic, multi-service, preconfigured software solution that provides a powerful billing engine, a robust customer care suite, an agile mobile workforce management system, a smart metering engine and hundreds of other functionalities to satisfy our clients core needs.

http://www.openintl.com

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An Artificial Intelligence Predicted the Shape of Nearly Every Known Protein – The Motley Fool

Everyone knows the sci-fi movie cliche of an artificial intelligence program inevitably slipping down a villainous path. Thankfully, when it's not scripted by a Hollywood screenwriter, a super smart AI isn't all bad.

On Thursday, Alphabet-owned, UK-based AI firm DeepMind revealed that its AlphaFold algorithm has effectively predicted the shape of nearly every protein known to science, which could rapidly accelerate drug discovery and breakthroughs in biology. They're giving away the database to anyone for free.

The human mind is incredible, or at least Isaac Newton and Albert Einstein's were. But with all the tools available to our species' best and brightest researchers, figuring out the shape of one protein can take months or years of laboratory study. In fact, humans have only figured out the shape of about 0.01%, or 190,000, of known proteins.

Cracking the shape of proteins, which are essential for life, is critical to understanding a protein's function, and understanding the inner workings gives scientists the potential to alter its DNA sequence or identify drugs that could attach to it. In the case of malaria, for example, studying the proteins of the parasite can reveal how antibodies bind to it and open pathways to fighting it. By performing work that could have taken humans decades, DeepMind's AI gives scientists a roadmap for a new world of discovery:

"Almost every drug that has come to market over the past few years has been in part designed through knowledge of protein structures," Janet Thornton, a senior scientist at EMBL-EBI, told the Financial Times.

Manpower: Human scientists aren't out of a job, they still have to confirm the protein structures in experiments, but have been essentially handed years of work. Plus they can apply for a job at Isomorphic Labs, the UK company that Alphabet smartly set up to use DeepMind's technology to accelerate drug discovery.

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Artificial Intelligence (AI) in Drug Discovery Market worth $4.0 billion by 2027 – Exclusive Report by MarketsandMarkets – PR Newswire

Browse in-depth TOC on "Artificial Intelligence (AI) in Drug Discovery Market"177 Tables 33 Figures 198 Pages

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North America is expected to dominate the Artificial Intelligence in Drug Discovery Marketin 2022.

North America accounted for the largest share of the global AI in drug discovery market in 2021 and also expected to grow at the highest CAGR during the forecast period. North America, which comprises the US, Canada, and Mexico, forms the largest market for AI in drug discovery. These countries have been early adopters of AI technology in drug discovery and development. Presence of key established players, well-established pharmaceutical and biotechnology industry, and high focus on R&D & substantial investment are some of the key factors responsible for the large share and high growth rate of this market

Prominent players in Artificial Intelligence in Drug Discovery Market:

Players adopted organic as well as inorganic growth strategies such as product upgrades, collaborations, agreements, partnerships, and acquisitions to increase their offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global AI in Drug Discovery Industry.

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Ai In Drug Discovery Market Dynamics

What benefits AI show in drug discovery and development process?

Drug discovery is a very costly and lengthy process, owing to which there is a need for alternative tools for discovering new drugs. Drug discovery and development are commonly conducted through in vivo and in vitro methods, which are very costly and time-consuming. Furthermore, it takes ~10 years on average for a new drug to enter the market at a cost of ~USD 2.6 billion (Source: Biopharmaceutical Research and Development.org). Several players operating in this market are developing platforms that can help in the rapid discovery of drugs. For instance, Insilico Medicine (US) developed an AI-based drug discovery system, GENTRL, with which it could develop six experimental novel molecules within 21 days.

How and why AI workforce shortage is important retraining factor holding back the growth of the market?

AI is a complex system, and companies require a workforce with specific skill sets to design, manage, and implement AI systems. Personnel dealing with AI systems should be familiar and aware of technologies such as machine intelligence, deep learning, cognitive computing, image recognition and other AI technologies. Additionally, integrating AI technologies into existing systems is a challenging task that necessitates substantial data processing in order to replicate human brain behavior. Even slight errors might cause system failure and have a negative impact on the desired outcome. The absence of professional standards and certifications in AI/ML technologies is restraining the growth of AI

What are the emerging markets for Artificial Intelligence in Drug Discovery?

Emerging economies such as India, China, and countries in the Middle East are expected to offer potential growth opportunities for players operating in the AI in drug discovery market. In most of these countries, the demand for pharmaceuticals is expected to increase significantly, owing to the rising incidence of chronic and infectious diseases, increasing income levels, and improving healthcare infrastructure. As a result, these markets are very attractive for companies whose profit margins are affected by stagnation in mature markets, the patent expiration of drugs, and increasing regulatory hurdles.

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Scope of the Artificial Intelligence (AI) in Drug Discovery Market Report:

Report Metric

Details

Market size available for years

2020-2027

Base year considered

2021

Forecast period

20222027

Forecast units

Value (USD Billion)

Segments covered

Offering, Technology, Application, End User,And Region

Geographies covered

North America (US, and Canada), Europe (Germany, France, UK, Italy, and the RoE), Asia Pacific (Japan, China, India, and RoAPAC), and RoW

Companies covered

NVIDIA Corporation (US), Microsoft (US), Google (US), Exscientia (UK), Schrdinger (US), Atomwise, Inc. (US), BenevolentAI (UK), NuMedii (US), BERG LLC (US), Cloud Pharmaceuticals (US), Insilico Medicine (US), Cyclica (Canada), Deep Genomics (Canada), IBM (US), BIOAGE (US), Valo Health (US), Envisagenics (US), twoXAR (US), Owkin, Inc. (US), XtalPi (US), Verge Genomics (US), Biovista (US), Evaxion Biotech (Denmark), Iktos (France), Standigm (South Korea), and BenchSci (Canada)

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About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected] Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-drug-discovery-market.asp Visit Our Web Site: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-drug-discovery.asp

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U.S. Army Research Lab Expands Artificial Intelligence and Machine Learning Contract with Palantir for $99.9M – Business Wire

DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR) today announced that it will expand its work with the U.S. Army Research Laboratory to implement data and artificial intelligence (AI)/machine learning (ML) capabilities for users across the combatant commands (COCOMs). The contract totals $99.9 million over two years.

Palantir first partnered with the Army Research Lab to provide those on the frontlines with state-of-the-art operational data and AI capabilities in 2018. Palantirs platform has supported the integration, management, and deployment of relevant data and AI model training to all of the Armed Services, COCOMs, and special operators. This extension grows Palantirs operational RDT&E work to more users globally.

Maintaining a leading edge through technology is foundational to our mission and partnership with the Army Research Laboratory, said Akash Jain, President of Palantir USG. Our nations armed forces require best-in-class software to fulfill their missions today while rapidly iterating on the capabilities they will need for tomorrows fight. We are honored to support this critical work by teaming up to deliver the most advanced operational AI capabilities available with dozens of commercial and public sector partners.

By working with the U.S. Army Research Lab, integrating with partner vendors, and iterating with users on the front lines, Palantirs software platforms will continue to quickly implement advanced AI capabilities against some of DODs most pressing problem sets. Were looking forward to fielding our newest ML, Edge, and Space technologies alongside our U.S. military partners, said Shannon Clark, Senior Vice President of Innovation, Federal. These technologies will enable operators in the field to leverage AI insights to make decisions across many fused domains. From outer space to the sea floor, and everything in between.

About Palantir Technologies Inc.

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantirs expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms reliability; and our customers ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

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Artificial Intelligence Takes the Guesswork Out of Dental Care – SciTechDaily

The MIT alumni-founded Overjet uses artificial intelligence to annotate dental X-rays for dentists. Credit: Courtesy of Overjet

MIT alumni-founded company analyzes and annotates dental X-rays to help dentists offer more comprehensive care.

A hospital radiologist is often pictured as a specialist who sits in a dark room and spends hours poring over X-rays to make diagnoses. Contrast that with your dentist, who in addition to interpreting X-rays must also perform surgery, communicate with patients, manage staff, and run their business. When dentists analyze X-rays, they generally do so in bright rooms and on computers that arent specialized for radiology, often with the patient sitting right next to them.

It shouldnt come as a surprise, then, that dentists given the same X-ray might propose different treatments.

Dentists are doing a great job given all the things they have to deal with, says Wardah Inam SM 13, PhD 16.

Inam is the co-founder of Overjet, an MIT alumni-founded company that uses artificial intelligence to analyze and annotate X-rays for dentists and insurance providers. Overjets goal is to take the subjectivity out of X-ray interpretations to improve patient care.

Its about moving toward more precision medicine, where we have the right treatments at the right time, says Inam, who co-founded the company with Alexander Jelicich 13. Thats where technology can help. Once we quantify the disease, we can make it very easy to recommend the right treatment.

Overjet has been cleared by the Food and Drug Administration (FDA) to detect and outline cavities and quantify bone levels to aid in the diagnosis of periodontal disease, a common but preventable gum infection that causes the jawbone and other tissues supporting the teeth to deteriorate.

Overjets software analyzes and annotates dental X-rays automatically in near real-time, offering information on the type of X-ray taken, how a tooth may be impacted, the exact level of bone loss with color overlays, the location and severity of cavities, and more. Credit: Courtesy of Overjet

Besides helping dentists detect and treat diseases, Overjets software is also designed to help dentists show patients the problems theyre seeing and explain why theyre recommending certain treatments.

The company has already analyzed tens of millions of X-rays. They are used by dental practices nationwide and are currently working with insurance companies that represent more than 75 million patients in the U.S. Inam is hoping the data Overjet is analyzing can be used to further streamline operations while improving care for patients.

Our mission at Overjet is to improve oral health by creating a future that is clinically precise, efficient, and patient-centric, says Inam.

Its been a whirlwind journey for Inam, who knew nothing about the dental industry until her interest was piqued after a bad experience in 2018.

Inam came to MIT in 2010, first for her masters and then her PhD in electrical engineering and computer science, and says she caught the bug for entrepreneurship early on.

For me, MIT was a sandbox where you could learn different things and find out what you like and what you dont like, Inam says. Plus, if you are curious about a problem, you can really dive into it.

While taking entrepreneurship classes at the Sloan School of Management, Inam eventually started a number of new ventures with classmates.

I didnt know I wanted to start a company when I came to MIT, Inam says. I knew I wanted to solve important problems. I went through this journey of deciding between academia and industry, but I like to see things happen faster and I like to make an impact in my lifetime, and thats what drew me to entrepreneurship.

During her postdoc in the Computer Science and Artificial Intelligence Laboratory (CSAIL), Inam and a group of researchers applied machine learning to wireless signals to create biomedical sensors that could track a persons movements, detect falls, and monitor respiratory rate.

She didnt get interested in dentistry until after leaving MIT, when she changed dentists and received an entirely new treatment plan. Confused by the change, she asked for her X-rays and asked other dentists to have a look, only to receive still another variation in diagnosis and treatment recommendations.

At that point, Inam decided to dive into dentistry for herself, reading books on the subject, watching YouTube videos, and eventually interviewing dentists. Before she knew it, she was spending more time learning about dentistry than she was at her job.

The same week Inam quit her job, she learned about MITs Hacking Medicine competition and decided to participate. Thats where she started building her team and getting connections. Overjets first funding came from the Media Lab-affiliated investment group the E14 Fund.

The E14 fund wrote the first check, and I dont think we wouldve existed if it wasnt for them taking a chance on us, she says.

Inam learned that a big reason for variation in treatment recommendations among dentists is the sheer number of potential treatment options for each disease. A cavity, for instance, can be treated with a filling, a crown, a root canal, a bridge, and more.

When it comes to periodontal disease, dentists must make millimeter-level assessments to determine disease severity and progression. The extent and progression of the disease determines the best treatment.

I felt technology could play a big role in not only enhancing the diagnosis but also to communicate with the patients more effectively so they understand and dont have to go through the confusing process I did of wondering whos right, Inam says.

Overjet began as a tool to help insurance companies streamline dental claims before the company began integrating its tool directly into dentists offices. Every day, some of the largest dental organizations nationwide are using Overjet, including Guardian Insurance, Delta Dental, Dental Care Alliance, and Jefferson Dental and Orthodontics.

Today, as a dental X-ray is imported into a computer, Overjets software analyzes and annotates the images automatically. By the time the image appears on the computer screen, it has information on the type of X-ray taken, how a tooth may be impacted, the exact level of bone loss with color overlays, the location and severity of cavities, and more.

The analysis gives dentists more information to talk to patients about treatment options.

Now the dentist or hygienist just has to synthesize that information, and they use the software to communicate with you, Inam says. So, theyll show you the X-rays with Overjets annotations and say, You have 4 millimeters of bone loss, its in red, thats higher than the 3 millimeters you had last time you came, so Im recommending this treatment.

Overjet also incorporates historical information about each patient, tracking bone loss on every tooth and helping dentists detect cases where disease is progressing more quickly.

Weve seen cases where a cancer patient with dry mouth goes from nothing to something extremely bad in six months between visits, so those patients should probably come to the dentist more often, Inam says. Its all about using data to change how we practice care, think about plans, and offer services to different types of patients.

Overjets FDA clearances account for two highly prevalent diseases. They also put the company in a position to conduct industry-level analysis and help dental practices compare themselves to peers.

We use the same tech to help practices understand clinical performance and improve operations, Inam says. We can look at every patient at every practice and identify how practices can use the software to improve the care theyre providing.

Moving forward, Inam sees Overjet playing an integral role in virtually every aspect of dental operations.

These radiographs have been digitized for a while, but theyve never been utilized because the computers couldnt read them, Inam says. Overjet is turning unstructured data into data that we can analyze. Right now, were building the basic infrastructure. Eventually, we want to grow the platform to improve any service the practice can provide, basically becoming the operating system of the practice to help providers do their job more effectively.

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Brazil Artificial Intelligence in Commercial Airline Market Report 2022: Key Trends, Players and Drivers – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Brazil Artificial Intelligence in Commercial Airline Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

The country research report on Brazil artificial intelligence in commercial airline market is a customer intelligence and competitive study of the Brazil market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Brazil market.

Also, factors that are driving and restraining the artificial intelligence in commercial airline market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of artificial intelligence in commercial airline market in Brazil.

Segments Covered

Segmentation Based on Offering

Segmentation Based on Solution

Segmentation Based on Technology

Highlights of the Report

The report provides detailed insights into:

1) Demand and supply conditions of artificial intelligence in commercial airline market

2) Factor affecting the artificial intelligence in commercial airline market in the short run and the long run

3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

4) Key trends and future prospects

5) Leading companies operating in artificial intelligence in commercial airline market and their competitive position in Brazil

6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Brazil) artificial intelligence in commercial airline market

7) Matrix: to position the product types

8) Market estimates up to 2027

Key Topics Covered:

1. Report Overview

2. Executive Summary

3. Market Overview

4. Brazil Artificial Intelligence in Commercial Airline Market by Offering

5. Brazil Artificial Intelligence in Commercial Airline Market by Solution

6. Brazil Artificial Intelligence in Commercial Airline Market by Technology

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/evnpvr

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This Week in Coins: Bitcoin and Ethereum See Continued Growth as Merge Looms – Decrypt

This week in coins. Illustration by Mitchell Preffer for Decrypt

Last weeks market-wide positive price action was sustained this week as leading cryptocurrencies continued making significant gains.

Bitcoin, as of this writing, had added 8.5% to its market value to sell for $24,214, and Ethereum fans enjoyed an even greater rally, with their favorite coin blowing up 12.5% to $1,714.

Much of the buzz around Ethereum is down to the fact the network is laying the groundwork for a major overhaulaka the mergewhen Ethereum will cut its energy consumption by 99.95% transitioning from a proof-of-work blockchain to a proof-of-stake model. A final testnet deployment called Goerli is expected to take place in early August before the network is ready to fully transition.

While Ethereum prepares for the big changes, Ethereum Classic is also blowing up. ETC is based on Ethereums original ledger, which includes an infamous $55 million DAO hack that was wiped from Ethereum by vote. The coin surged 52% this week to $40.

Ethereum Classics rally comes after crypto mining pool Antpool announced a $10 million investment to back projects built on Ethereum Classic, which will remain a proof-of-work blockchain after the Merge.

Other notable performances this week among the top 20 cryptocurrencies by market capitalization include Cardano (up 11% to $.53), Polkadot (up 20% to $8.64), Polygon (up 14% to $.94), and Uniswap (up 30% to $8.73).

On Monday, electric vehicle manufacturer Tesla reported holding $222 million in digital assets at the end of June in the companys Q2 filing with the U.S. Securities and Exchange Commission. Back in February 2021, the company invested $1.5 billion in Bitcoin. Last week, news broke that the company had sold 75% of its BTC, worth approximately $936 million. CEO Elon Musk said the sale was prompted by uncertainty over when China would lift COVID restrictions. Tesla currently has one factory in Shanghai.

The U.S. Commodity Futures Trading Commission is beefing up its technology team in preparation for a potential role as a leading overseer of crypto. Nothing is set in stone, but a bipartisan House bill, called the Responsible Financial Innovation Act, which is cosponsored by Senator Kirsten Gillibrand (D-NY) and Senator Cynthia Lummis (R-WY), would give the CFTC the reins on fungible digital assets which are not securities if passed.

On Tuesday, a bipartisan bill introduced by Senators Patrick Toomey (R-PA) and Kyrsten Sinema (D-AZ), called the Cryptocurrency Tax Fairness Act, would exempt tax reporting for crypto transactions of less than $50, or trades in which a person earns less than $50.

Over in Europe on Wednesday, the chair of the European Banking Authority, Jos Manuel Campa, said in an interview with the Financial Times that it wont be until at least 2025 when the regulator will know exactly which cryptocurrencies it will be charged with supervising.

One of the main difficulties the EBA is facing, said Campa, is a lack of crypto experts due to high demand across society. He ruled out the possibility of baiting them with lucrative salaries, saying it was not within the range of possible discussions between the EBA and the European Commission.

That same day, the U.S. Federal Reserve announced another interest rate hike of 75 basis points aimed at stemming rampant inflation.

Last month, in response to inflation readings from May, the Federal Reserve raised interest rates by 0.75%, the steepest hike since 1994. Crypto prices crashed heavily that week as investors dumped riskier assets, although this new hike seems to have had an adverse effect on Bitcoin: An hour after the announcement, Bitcoin had grown 3% while Ethereum had sunk 5%.

Finally, it appears the industry is still not completely clear of crypto winter. On Wednesday, Singaporean exchange Zipmex filed for bankruptcy protection against legal action from creditors. The news came just a week after the exchange announced it was pausing withdrawals.

Stay on top of crypto news, get daily updates in your inbox.

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Artificial Intelligence in Cyber Security: Benefits and Drawbacks. – TechGenix

AI for cybersecurity; its everywhere else!

You can use artificial intelligence (AI) to automate complex repetitive tasks much faster than a human. AI technology can sort complex, repetitive input logically. Thats why AI is used for facial recognition and self-driving cars. But this ability also paved the way for AI cybersecurity. This is especially helpful in assessing threats in complex organizations. When business structures are continually changing, admins cant identify weaknesses traditionally.

Additionally, businesses are becoming more complex in network structure. This means cybercriminals have more exploits to use against you. You can see this in highly automated manufacturing 3.0 businesses or integrated companies like the oil and gas industry. To this end, various security companies have developed AI cybersecurity tools to help protect businesses.

In this article, Ill delve into what AI is and how it applies to cybersecurity. Youll also learn the benefits and drawbacks of this promising technology. First, lets take a look at what AI is!

Artificial intelligence is a rationalization method using a statistically weighted matrix. This matrix is also called a neural net. You can think of this net as a decision matrix with nodes that have a weighted bias for each filtering process. The neural net will receive a database of precompiled data. This data will also contain answers to the underlying question the AI solves. This way, the AI will create a bias.

For example, lets consider a database containing different images. Lets say it has images of a persons face and other images of watermelons. Additionally, each image has a tag to check each item. As the AI learns whether it guessed correctly or not, the system increments node weightings. This process continues until the system reaches a predefined error percentage. This is often referred to as deep learning, which refers to the decision layers creating the depth.

Now, lets take a look at the steps used to process data.

We can condense the overall data workflow into the following process:

However, this process is slightly different with deep learning. The first step would include data from a precompiled database tagged with the correct response. Additionally, deep learning will repeat steps 1 through 4 to reach a predefined error tolerance value.

Lets take a look at this with an example of how AI data is processed.

Lets say a picture has reached an AI node. The node will filter the data into a usable format like 255 grayscale. Then, itll run a script to identify features, for example. If these features match others from a filter, the node can make a decision. For instance, itll say whether it found a face or a watermelon.

Then, the data goes to the next node down. This specific node could have a color filter to confirm the first decision. The process continues until the data reaches the last node. At that point, the AI will have made a final decision, ensuring whether it found a face or a watermelon.

Importantly, AI systems will always have a degree of error to them. None are infallible, and they never will be. But sometimes, the error percentages could be acceptable.

Now that you know how AI works lets take a look at AI cybersecurity solutions.

AI cybersecurity addresses the need to automate the assessment of threats in complex environments. Specifically, here are 2 use-cases for AI in AI cybersecurity:

Now you know the two main uses of AI in cybersecurity, lets take a look at its benefits and drawbacks!

As mentioned, AI has a lot of benefits. It runs repetitive tasks to identify anomalies or to classify data in particular in your business. That said, a few large drawbacks may offset its benefits. Here, well look at the drawbacks.

The first drawback is the AI cybersecurity solutions accuracy. This accuracy also depends on many factors. This includes the neural nets size and the decisions defined for filtering. It also depends on the number of iterations used to reach the predefined error percentage.

Imagine you have a decision tree with three layers. And each layer has several nodes for each decision route. Even though this is a fairly simple matrix, it needs a lot of calculations. Your systems finite resources will compromise your solutions intelligence.

An AI cybersecurity solution provider may stunt its solutions intelligence/accuracy to meet the target demographic. But sometimes, the problem isnt intelligence. Instead, its low latency and security vulnerabilities. When searching for an AI cybersecurity solution, consider how secure it is in your network.

Once trained, an AI statistical weighted matrix is often not re-trained in service. Youll find this is due to the lack of processing resources available in hardware. Sometimes, the system learns something that makes it worse, reducing effectiveness. Conversely, humans learn iteratively. This means they cause a lot of accidents. As a result, solution providers must ensure the software meets specification requirements during use.

Cybersecurity often requires updates to counter new exploits. To this end, it takes a lot of power to train your AI. Additionally, your AI cybersecurity vendor will need to update regularly to address cyber threats.

That said, the AI component of an AI cybersecurity solution is for classifying data and assessing anomalies in baseline data. As a result, it doesnt cause an issue for malware list updates. This means you can still use AI cybersecurity.

Now you know the benefits and drawbacks of AI cybersecurity, lets take a look at some uses for this technology!

As mentioned, highly automated businesses have the weakest cybersecurity. Generally, automated environments will overlap information technology (IT), operational technology (OT), and the Internet of things (IoT). This is to improve productivity, reduce the unit cost of a product, and undercut the competition.

But this also creates vulnerabilities. To this end, AI cybersecurity is great for finding potential exploits in these companies. Solutions either inform the administrator or automatically apply patches.

However, this may not be enough. Cybercriminals are currently attacking large, highly integrated companies. To do that, they exploit OT, which has no security. This OT was meant for wired networks to send commands to hardware like plant equipment. This means it never posed a security weakness. But today, attackers use OT to access the rest of a network or take plant equipment offline.

OT risk management tools are becoming popular for the reasons mentioned above. These systems effectively take a real-time clone of the production environment. Then, they run countless simulations to find exploits.

The AI part of the system generally finds exploits. In that case, an administrator provides a solution. OT risk management software continually runs as manufacturing plant arrangements change to meet orders, projects, or supply demands.

In this scenario, AI systems use known malware from antivirus lists to try and find an entry route into the system. The task requires automated repetitive functions of a complex system. And this makes it perfect for AI

So when should you implement AI cybersecurity? Lets find out.

As discussed above, businesses that use manufacturing and plant equipment should use AI cybersecurity. In most cases, youll also need to look for an OT risk management solution to reduce risks associated with OT.

You also can use AI cybersecurity if your business uses IoT and IT. This way, you can reduce the risk to the network from exploits. IoT devices generally undercut competitors, so you bypass the cost of adding adequate security measures.

Finally, you can use AI even if your company only uses IT. AI helps assess irregular traffic, so it protects your gateways. Additionally, you can leverage AIs data analytics. This way, youll know if someone is using your hardware for malicious purposes.

Now you know all you need to get started with AI cybersecurity, lets wrap things up!

Youll likely use AI wherever you need automated repetitive tasks. AI also helps make decisions on complex tasks. This is why many cybersecurity solution providers use AI. In fact, these providers tools help meet the challenge of highly complex systems that have very poor security.

You can always benefit from AI cybersecurity. It doesnt matter how integrated your business technology is. AI functionality is also great for classifying data using intelligent operations. This way, you can speed up your search for malware. AI cybersecurity is also beneficial for finding abnormal use of the network.

Do you have more questions about AI cybersecurity? Check out the FAQ and Resources sections below!

An AI neural net is a statical weighted matrix. This matrix helps process input data based on decisions made at nodes with a calibrated bias. To optimize this bias, data gets iteratively passed through the matrix. After that, the success rate is assessed, and each weighting value brings incremental changes. This process is called deep learning.

AI intelligence refers to the AIs error tolerance and decision layers. In theory, you could have as many layers as needed to make an intelligent AI. However, training it with data to reach a high error tolerance could be processor-intensive. This training may also take too long to produce. As a result, the solution becomes ineffective.

AI is trained using data to meet a predefined error tolerance level. For instance, a self-driving car lasts 1,000,000 miles by design. In this case, the cars service life determines the AI error tolerance. The AI accuracy must likely be 99.99% correct during decision-making to meet the service life

Operations technology (OT) risk assessment software assesses the security risks of plant equipment. Plants, integrated oil supply chains, and manufacturing 3.0 or above are also prime targets for attacks. AI cybersecurity can help assess threats using a clone of the production system. This helps check routes from OT systems to the rest of the system.

Yes, AI cybersecurity works in real-time. This helps detect weaknesses in your network or cyber threats. For example, you can find weaknesses by assessing traffic data through gateways and other hardware. You also can use AI as a centralized OT risk assessment software. This will let you assess the network structure for threats.

Learn about the different types of malware your AI cybersecurity solution will have to deal with.

Find out more about AI cybersecurity.

Discover more about AI and deep learning.

Understand how you can protect your organization by following GRC.

Learn how you can make your OPSEC better.

Read more here:
Artificial Intelligence in Cyber Security: Benefits and Drawbacks. - TechGenix

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend Market Updates Bitcoin News – Bitcoin News

Following strong gains on Friday, bitcoin was consolidating under a key resistance level to start the weekend. Bulls opted to secure gains as price uncertainty heightened in crypto markets, which as of writing are down 1% on the day. Ethereum was also marginally lower in the session.

After strong gains on Friday, bitcoin (BTC) was trading marginally lower on Saturday, as prices fell below a key resistance point.

Following yesterdays high of $24,294.79, which saw prices briefly breakout of the ceiling at $24,200, BTC/USD dropped to a low of $23,481.17 earlier in the day.

This low comes as traders seemingly opted to take profits at this point of uncertainty, opposed to attempting to send prices even higher.

Looking at the chart, the resistance level of $24,200 came as another ceiling was hit, this time in the form of the 62 mark on the 14-day RSI (relative strength index).

Relative strength recently rose to its highest point since April 4, when BTC was trading above $43,000, however price momentum in this instance stalled, due to current market conditions.

Prior to todays price decline, bitcoin bulls were somewhat targeting the $25,000 mark, however in order to reach this, the RSI would need to move beyond 62.

Ethereum (ETH) was also lower in todays session, as recent bullish sentiment shifted slightly to the bearish side to start the weekend.

The worlds second-largest cryptocurrency was consolidating on Saturday, as prices fell to a low of $1,662.79.

Saturdays drop comes a day after ETH/USD failed to move beyond its long-term price ceiling of $1,780, which has been held since June 10.

This failure then led to a reentry from bears that smelled blood, and moved to pressure out earlier bulls from their positions.

As of writing, ETH is trading at $1,689.70, with the 14-day relative strength index tracking at 64.75, which is marginally below its own resistance level at 66.

Should bearish pressure persist in todays session, the next landing spot for prices could be a floor of $1,620.

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Will ethereum drop below $1,600 this weekend? Leave your thoughts in the comments below.

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend Market Updates Bitcoin News - Bitcoin News

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