AI Eye Episode 437: Li Auto Announces Strategic Cooperation with NVIDIA and Desay SV, and ADT Invests in AI Startup Percepta Labs

Point Roberts, WA and Vancouver, BC - September 22, 2020 (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 Episode 437: Li Auto (NasdaqGS: $LI) Announces Strategic Cooperation with NVIDIA (NasdaqGS: $NVDA) and Desay SV, and ADT (NYSE: $ADT) Invests in AI Startup Percepta Labs

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

Stocks discussed: (NasdaqGS:LI) (NasdaqGS:NVDA) (NYSE:ADT)

Li Auto Inc. (NasdaqGS:LI), an innovator in China's new energy vehicle market, has announced a three-way strategic cooperation with NVIDIA Corporation (NasdaqGS:NVDA) and NVIDIA's Chinese partner, Huizhou Desay SV Automotive. This will see Li Auto equipping its vehicles with the NVIDIA Orin SoC chipset. Rishi Dhall, vice president of automotive business development of NVIDIA, explained:

"Our next generation of autonomous driving SoC, Orin, has achieved significant improvement both in its computing power and energy efficiency. Through close cooperation with companies such as Li Auto and Desay SV, we aim to bring all new AI-based autonomous driving functions to the new energy vehicles in China and around the world."

ADT Inc. (NYSE:ADT), through its commercial channel, ADT Commercial, is investing in Philadelphia-based AI startup Percepta Labs. According to the press release, this investment of over $1 million "will fund the commercialization and application of the startup's cutting-edge AI technology to help detect and deter shoplifting." Percepta CEO Philippe Sawaya said:

"AI's presence in our lives has skyrocketed, yet it poses ethical concerns that have not been sufficiently addressed. We've made these concerns a key priority and are proud to have developed an ethical AI technology that counteracts these biases in the world of retail and beyond. We look forward to seeing how ADT Commercial's vast experience and commercial network will accelerate Percepta's growth. We're excited to partner with them in our shared mission to support socially responsible AI security solutions."

Global AI in Healthcare to Reach $170.5 Billion by 2028

A report published by Sheer Analytics & Insights finds that the global AI in Healthcare market will grow from $6.1 billion in 2019 to $170.5 billion by 2028 with a compound annual growth rate (CAGR) of 42 percent in the forecast period 2020-2028. The report identifies market drivers such as "technological advancements for enhancing laboratory efficiency, and surging need for intelligent automation," as well as "increasing investment in medical and life sciences research and R&D initiatives for faster drug discovery." According to the report analysis, factors including the "increasing interest of startups, database management solution for patients and better vision from automation," are contributing to North America holding the largest regional share of the market.

Sam Mowers, Investorideas.com

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