Daily Archives: June 1, 2022

Artificial Intelligence in Drug Discovery Market Research Report 2022 – ResearchAndMarkets.com – Business Wire

Posted: June 1, 2022 at 8:13 pm

DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence In Drug Discovery Market Size, Share & Trends Analysis Report by Application (Drug Optimization & Repurposing, Preclinical Testing), by Therapeutic Area, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global artificial intelligence in drug discovery market size is expected to reach USD 9.1 billion by 2030, growing a CAGR of 29.4% from 2022 to 2030

The pandemic has made the adoption of AI more widespread in the pharma industry. AI and its related platforms aim to enhance medical imaging and diagnostics, management of chronic diseases, and drug designing. The overall human hours spent would be far more in comparison to the AI system scanning the same data, which reduces overall cost and is a more feasible approach.

The drug optimization and repurposing application segment held the largest revenue share in 2021. AI platforms help in the identification of target proteins for drugs to determine adverse events and possible side effects the drug can have. Drug molecules can be repurposed to make them more effective and with minimum side effects. Portfolio drugs for a company can be altered and studied using AI platforms at a much faster pace so as to hasten new drug development.

The oncology therapeutic area segment accounted for the largest revenue share in 2021. The majority of the pharmaceutical companies are pairing up with AI start-ups to optimize their cancer research, which is still an unchartered territory and there is a lot to be discovered.

AI systems can identify cancer much earlier than a regular scan would indicate to even a thoroughly trained radiologist. This, in turn, can increase life expectancy and can also help identify markers to be studied for cancer research and drug development. Patients can be prescribed treatments suited to their genetic composition.

North America dominated the market in 2021. Many tech companies are now investing their money and efforts toward the use of AI in pharmaceutical companies.

Companies like IBM, Microsoft, and other tech giants have formed collaborations with research institutes for faster drug development and clinical trials for multiple indications. Developing countries are also finding cost-effective measures to implement AI technology for their drug development and disease understanding.

Artificial Intelligence In Drug Discovery Market Report Highlights

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Global Artificial Intelligence in Drug Discovery Market Variables, Trends & Scope

3.1 Market Segmentation

3.2 Artificial Intelligence in Drug Discovery Market Dynamics

3.2.1 Market Driver Analysis

3.2.2 Market Restraint Analysis

3.2.4 Global Artificial Intelligence in Drug Discovery Market: Pestle Analysis

3.2.5 Global Artificial Intelligence in Drug Discovery Market: Porter's Analysis

Chapter 4 Global Artificial Intelligence in Drug Discovery Market: Application Estimates & Trend Analysis

4.1 Artificial Intelligence in Drug Discovery Market: Application Movement Analysis

4.2 Drug Optimisation and Repurposing

4.3 Preclinical Testing

Chapter 5 Global Artificial Intelligence in Drug Discovery Market: Therapeutic Area Estimates & Trend Analysis

5.1 Artificial Intelligence in Drug Discovery Market: Therapeutic Area Movement Analysis

5.2 Oncology

5.3 Neurodegenerative Diseases

5.4 Cardiovascular Disease

5.5 Metabolic Diseases

5.6 Infectious Disease

Chapter 6 Global Artificial Intelligence in Drug Discovery Market: Regional Estimates & Trend Analysis

6.1 Global Artificial Intelligence in Drug Discovery Market Movement Analysis, by region

6.2 Global Artificial Intelligence in Drug Discovery Market Share, by region, 2021 & 2030

Chapter 7 Competitive Analysis

7.1 Recent Developments & Impact Analysis, by Key Market Participants

7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)

7.3. Competitive Dashboard & Company Market Position Analysis

Chapter 8 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/uzb7lm

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Artificial Intelligence in Drug Discovery Market Research Report 2022 - ResearchAndMarkets.com - Business Wire

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Artificial Intelligence makes parking in busier cities easier – Innovation Origins

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Artificial intelligence that helps drivers find parking spaces in busy city centres is being developed at the University of Bath, writes the British university in a press release.

The software will also incentivise drivers to cooperate with local councils in their quest to keep pollution within safe limits in busy urban centres, as part of a far-reaching programme designed to reduce toxic air in city centres.

As city populations continue to grow (its expected that the worlds urban population will more than double between now and 2050, with 7 out of 10 people living in cities), the need to use new technology to mitigate pollution and congestion becomes ever more pressing. However, any measures introduced to curb the use of cars in cities will also need to factor in the needs of people from rural communities who may rely on their cars to access essential services.

The new project is a collaboration between computer scientists at Bath and Chipside Ltd, a leader in the world of parking and traffic management IT. The potential for the new technology to be adopted by councils across the UK is high: currently, Chipside is responsible for supplying digital parking permits and cashless parking to over 50 per cent of councils in the UK.

During the course of its 2.5-year partnership with Bath, Chipside will develop a suite of software designed to help local councils comply with milestones on parking, city access and vehicle movement, as set out in the governments ten-point plan. This plan, launched in November 2020, is using public and private investment to nudge the UK towards reaching its objective of net-zero carbon emissions by 2050.

Under the Environment Act, which became law in 2021, local governments are strongly incentivised to roll out smart city initiatives such as those proposed in the Bath-Chipside project, as increasingly they will likely face heavy fines if they miss environmental targets. One important target currently being proposed is to keep fine particulate matter (PM2.5) which originates from the combustion of fuel within limits recommended by the World Health Organisation.

Air quality in European cities remains poor

Read more about the countries involved in this project Stefan Thorliefsson was 103 years old and was featured in a piece by the Icelandic news magazine Visir while enjoying a game of golf.

The new project will use the latest AI technology to create services that allow local authorities to analyse vast amounts of data on driver behaviour and to better control local travel patterns.

Dr zgr imek, deputy head of Computer Science at Bath and leader of the Artificial Intelligence Research Group, will be the academic lead for the project. She explains why it makes sense for services to be developed to change driver behaviour during the last mile of their journey into an urban centre.

Imagine you are travelling into town on a Thursday morning and without you knowing it, your car is the one engine that triggers the town to go over the allowed pollution level, resulting in a big fine for the local government. Now imagine that instead of this happening, you receive a suggestion to park in another, better place, and you are issued a free parking space. Youre also shown a low-traffic route to your free parking space. The whole service would be tailored to your individual needs while also helping towards net-zero objectives.

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The European Union AI Act: Next steps and issues for building international cooperation in AI – Brookings Institution

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In April of 2021, the European Commission submitted its proposal for a European Union regulatory framework on artificial intelligence. The Artificial Intelligence Act represents the first attempt globally to horizontally regulate artificial intelligence (AI). The extraterritorial application of the AI Act and its likely demonstration effect (the so-called Brussels effect) for policymakers means that the AI Act will have a range of implications for the development of AI regulation globally, as well as efforts to build international cooperation on AI.

The following outlines next steps for the AI Act as it winds its way through the EU system before becoming law, the key issues in the AI Act that will receive the most attention, and how the AI Act may affect international cooperation in AI. This policy brief draws from discussions in the multistakeholder Forum on Cooperation in AI (FCAI), jointly led by Josh Meltzer, Cameron Kerry, and Andrea Renda, as well analysis originally published in the October 2021 FCAI report, Strengthening International Cooperation on AI.

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Reimagining the world: Spacee, American University of Ras Al Khaimah held The Importance of Artificial Intelligence seminar – PR Newswire

Posted: at 8:13 pm

Addressing the importance and impact of artificial intelligence across multiple sectors, including healthcare, retail, manufacturing, banking, life sciences and cyber security, Skip pulled from his experience as CEO and as an AI professional to enlighten students. This seminar was aligned with AURAK's vision to set a new standard in the Gulf Region for student-centred excellence that empowers graduates to change the world.

Skip Howard said: "At Spacee, we pioneered the use of computer vision in retail and provide the best computer vision and AI solutions to help business owners and consumer brands create engaging experiences and improve efficiency. I look forward to sharing my experiences with the students at AURAK in a seminar that will underpin the global emphasis of AI and how a conducive ecosystem like the one in the UAE presents dreamers, innovators and future entrepreneurs with the tools and platform to envision and redefine the future."

Dr Mohamed Al Zarooni, Associate Provost for Research and Community Service/Associate Professor of Chemical Engineering at AURAK; and Dr Hamed Assaf, Interim Dean of School of Engineering/Associate Professor of Civil Engineering at AURAK; gave keynote speeches at the opening of the seminar. Following HE Skip Howard's session, the floor was opened for a Q&A before the closing remarks were given.

Professor Hassan Hamdan Al Alkim, President of AURAK said: "AURAK provides a transformational, student-centred learning experience that prepares future leaders and entrepreneurs through community outreach and creative initiatives involving local, regional, and global partners; our BA in artificial intelligence was the first to be accredited in the UAE. Spacee is an innovative company that sees the future for what it could be, and we are delighted to host Mr Howard in a seminar that will prove as inspiring for the students as it would be for educators and practitioners in the field."

Skip has worked in the technology industry for over 20 years, gaining experience as a founder and CTO for Cancer Gene Connect, a hereditary cancer risk assessments leader, and co-founder of Pave Systems, a judicial soware company. From 2007 to 2015, Skip served as an integral member of Ross Perot's technology team at Hillwood Development Company.

Founded in 2013, Spacee is operating in a global environment with international partners and multinational clients, offering two main retail solutions: Sense, a new frictionless customer experience, and Deming, a supply chain and inventory solution that optimises store operations and supply chain efficiencies.

The company recently launched TouchCar, a unique technology that relies on AI and virtual reality to bring cars' features and specifications to life. Spacee's expansion into the Middle East was launched at GITEX Technology Week 2021. Attendees experienced the e-commerce in-store shopping journey first-hand and explored the potential behind transforming pre-existing retail space into dynamic interactive digital experiences.

Spacee's mission is to create amazing spatial experiences, turning everything, including walls, floors and objects, into interactive spaces using light only.

About Spacee:Spacee pioneered the use of computer vision in retail and now provides the best computer vision and AI solutions that help retailers and consumer brands create engaging in-store experiences and improve efficiency. Spacee's interactive in-store displays are proven to boost sales without increasing labor costs, and its hidden mini-shelf robots collect near real-time inventory data needed to decrease stockouts and improve supply chain efficiency. The company works with leading retail, automotive, hospitality and entertainment brands including Morrison's, Mercedes Benz and Audi. Learn more at spacee.com.

About the American University of Ras Al KhaimahThe American University of Ras Al Khaimah (AURAK) is a public non-profit, independent, coeducation institution of higher education delivering an integrated American-style, undergraduate and graduate education with a strong focus on the local indigenous culture. Through inspired teaching, research, creative work, and community engagement, AURAK sets a new standard in the Gulf Region for student-centred excellence that empowers graduates to change the world.

Contact: Reem MasswadehM: +971 (05)0 583 9330E: [emailprotected]

SOURCE The PR Academy MENA

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How Can Artificial Intelligence Shape The Future Of Photo Editing? | Mint – Mint

Posted: at 8:13 pm

By the 1950s, several scientists, philosophers, mathematicians, and others had AI incorporated inside their minds. But human beings have now learned how to transform the concept into reality. In recent times, AI has widespread applications everywhere.

AI has the potential to learn quickly from a significant amount of data. It ensures that some of the most technical issues can be tackled without hassle. But it can also feed your excitement and squeeze out your creativity at work.

AI and Photo Editing

AI has transformed traditional photo editing and made it less time-consuming. It can take your hands off repetitive and manually-intensive tasks. AI understands what we want and helps us achieve it quite easily.

You will come across multiple AI-powered photo editing tools in the market. Each device has its own set of unique features and reduces the workload of photo editing. You can efficiently perform a lot of tasks with a single click. For instance, you can add textures, detect faces, and colorize and sharpen your photos.

You can also improve low-resolution images using AI-powered editing tools. Just imagine you got an excellent click in front of the Eiffel Tower. But a random stranger photobombed without their knowledge. Thanks to AI, you can now find a background remover tool like Slazzer. It is a powerful tool that helps businesses save time and money to make their products stand out against the background.

Removing Unwanted Objects from Your Photos

In the photo editing sector, AI has vast applications. Photo editors use AI-based tools to enhance magazine covers, wedding photos, nature shots, and whatnot. In the future, AI-powered software will be developed to meet specific needs according to the requirements of different forms of photography.

Photo background remover tools like Slazzer have already made life easier for editors. But AI-based photoediting tools will become even better at removing backgrounds. They will be able to detect unwanted elements in a picture and correct the mistakes more accurately.

Researchers have developed AI technology to remove unwanted shadows from photographs. The algorithm can focus on two different types of shadows. Shadows from external objects and the ones due to facial features can be removed.

Professional images are usually taken in a studio with sufficient lighting. But when photos are not taken under ideal conditions, dark shadows might obscure some parts of the subject and accessible highlight other parts. The newly developed AI can address the problem by targeting the undesired highlights and shadows.

It can remove and soften the shadows until the subject is clear. With the background remover tool working in a more realistic and controllable way, it will have a higher value than images captured in casual settings. It is beneficial for fixing images shot under circumstances where the lighting cannot be controlled.

What Does the Future of AI-Based Photo Editing Look Like?

With time, AI will become more useful for editing backgrounds. It will be able to take into account minor details like a persons cloth or hair and add lighting that seems natural.

When you consider popular trends such as NFTs, you will see how we view and acquire art is evolving. New options for selling and packaging digital works are constantly on the rise. AI will play a firm role in their faster arrival at the final product. AI will also provide opportunities to amateurs who wish to try their hands at creating art.

Does AI Mean the Job of Professional Photo Editors Are at Risk?

Its no surprise that the rise of AI concerns specific individuals. In every industry, people are worried that AI will replace human skills. Photographers and photo editors believe that artificially edited images will take their jobs.

But the truth is AI will become a powerful tool for these individuals to improve their performances.

AI is constantly reshaping our workflow. It enables us to move faster without compromising on creativity. We need to embrace these new technologies and integrate them within upcoming software creations. This way, the photo editing industry will be able to become more sophisticated.

Summing up

AI is here to take the photo editing industry to a new level. But theres still a lot of time before machines can replace the need for human skills in the photo editing industry.

Meanwhile, tools like Slazzer, with their ability to remove unwanted objects from a photograph, will make the job easier for editors.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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Company in the Artificial Intelligence Industry Earns Media Mentions With Newswire’s Help – Digital Journal

Posted: at 8:13 pm

NEW YORK June 1, 2022 (Newswire.com)

Gartner predicts that artificial intelligence (AI) software will reach $62 billion this year alone. As attention on this industry continues to grow, companies in the space have a unique opportunity to capitalize and build brand awareness.

As an industry leader inpress release distribution services, Newswire is helping its client in the AI industry do just that.

Through a blend of its comprehensive program, robust SaaS platform and enriched distribution network, Newswire continues to help this client distribute the right message to the right audience at the right time and earn valuable media mentions.

As the AI industry expands, brands in the space need to find ways to stand out in a crowded marketplace and an excellent way to do so is through press release distribution, said Charlie Terenzio, CMO and SVP of Media and Marketing Communications at Newswire. Press releases are an authoritative piece of content and when written and distributed correctly can help brands secure media opportunities thatll capture the attention of their target audience.

For its client in the AI industry, Newswire has facilitated media mentions in relevant and popular publications such asAiThority,Authority Magazine,Digital Journal andMartech Series.

These earned media mentions put Newswires client in the spotlight which in turn builds brand awareness, attracts website visitors, improves SEO performance, increases sales and more.

Additionally, the potential benefits of press release distribution also include but arent limited to:

Turning owned media into earned media through strategic press release distribution can unlock valuable opportunities that brands of all sizes and industries can use to build strong foundations for current and future success, added Terenzio.

To learn more about how Newswires integrated solutions are helping brands craft newsworthy content, deliver strategic media pitches, earn media mentions, grow their audience, expand their reach, and implement an effective go-to-market strategy, visitNewswire.com today.

About NewswireNewswire is a technology company that providespress release distribution, media database and media monitoring technology that powers the media advantage: greater brand awareness, online visibility, SEO recognition, site traffic and increased sales by providing self-serve or full-service technology that automates press release distribution, media outreach, and monitoring that drives SEO recognition leading to more sales. Through its disruptive technology platform, relentless commitment to customer satisfaction, and passion for customer performance Newswire is automating media and marketing communications for large and small businesses all over the world.

To learn more about press release distribution or theMedia Advantage Plan, visitNewswire.com or check out why our customers have named us#1 for Customer Satisfaction in our industry for four years in a row.

Contact Information:

Charlie TerenzioCMO and SVP of Media and Marketing CommunicationsNewswireOffice: 813-480-3766Email: [emailprotected]Source: Newswire

Press Release ServicebyNewswire.com

Original Source:Company in the Artificial Intelligence Industry Earns Media Mentions With Newswire's Help

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Artificial Intelligence Edge Device Market 2022 is Booming across the Globe by Share, Size, Growth, Segments and Forecast to 2030 – Digital Journal

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The Global Artificial Intelligence Edge Device Market size is estimated to be USD 1.73 billion in 2019 and is predicted to reach USD 13.21 billion by 2030 with a CAGR of 20.3% from 2020-2030.

Artificial Intelligence Edge Device consists of artificial intelligence software which is operated on cloud based software and can process large amount of data in short span of time. It has sensors and other required elements used for data processing and it does not need to be connected to other devices in order to work efficiently as it can work independently.

Access Full Description of this report at:-

https://www.nextmsc.com/report/artificial-intelligence-edge-device-market

Top Companies: Intel Corporation, Huawei Technologies Co., Ltd., MediaTek Inc., Xilinx Inc., NVIDIA Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd., Imagination Technologies Limited, and Google Inc and others.

Market Dynamics and Trends

There have been constant developments in the existing technology coupled with the constant development of infrastructure to ease the operations on a daily basis. Furthermore, increased awareness about artificial intelligence, increase in smart and wearable devices, coupled with increased use of IoT is expected to accelerate the growth of artificial intelligence edge device.

The other factors include technological advancement, increase in work load, easy data process and computation coupled with increase in integration with other systems are also expected to promote the market growth. However, increase in cyber attacks and data security concern are expected to hamper the artificial intelligence edge device market growth over the forecast period. Moreover, wide application and increased connectivity among devices are further expected to create ample opportunities in the artificial intelligence edge device in near future.

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https://www.nextmsc.com/Artificial-Intelligence-Edge-Device-Market/request-sample

Market Segmentations and Scope of the Study:

The global artificial intelligence edge device market share is analyzed on the basis of device, processors, process, end user and geography. On the basis of devices, the market is segmented into Smartphones, Cameras, Robots, Wearables, Smart speakers, Automotive, and Smart mirror. On the basis of processors, the market is divided into CPU, GPU, ASIC, and Others. On the basis of process, the market is divided into training and inference. On the basis of end user, the market is divided into Consumer electronics, Smart home, Automotive and transportation, Government, Healthcare, Industrial, Aerospace & Defence, Construction, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Contact:Phone Number: +1-217-650-7991E-mail: [emailprotected]

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industrys best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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Artificial Intelligence In Transportation Segmentation 2022: Size, Shares, Top Region Records, Industry Outlook, Driving Factors By Manufacturers,…

Posted: at 8:13 pm

London, United Kingdom, Wed, 01 Jun 2022 06:19:40 / PhantMedia. / Global Artificial Intelligence In Transportation Marketto surpass USD 29.389 billion by 2031 from USD 1950.14 billion in 2021 at a CAGR of 25.36% within the coming years, i.e., 2021-3

Fatpos Global added a new report into their database named Artificial Intelligence In Transportation Market Segments: By Machine Learning Deep Learning Computer Vision Context Awareness NLP By Application Semi & Full-Autonomous HMI, Platooning By Offering Hardware Software By Process Signal Recognition Object Recognition Data Mining 20212031 Global Industry Perspective, Comprehensive Analysis, and Forecast. The study offers historical data from 2016 to 2021, as well as a forecast for 2022 to 2031 based on revenue (USD Million).

Global Artificial Intelligence In Transportation Marketto surpass USD 29.389 billion by 2031 from USD 1950.14 billion in 2021 at a CAGR of 25.36% within the coming years, i.e., 2021-3

Artificial Intelligence In Transportation Market Summary:

Complete reportSample PDFCopy is ready: (Including List of Tables, Charts, Figures, TOC)published by Fatpos Global.

Global Artificial Intelligence In Transportation Market: Drivers and Restrains

Global Artificial Intelligence In Transportation Market: Segment Breakdown

The research report divides the market into segments based on region (country), manufacturer, product type, and application. During the forecast period of 2021 to 2031, each product type gives information on the production. Consumption is also provided for the Application sector for the predicted period of 2021 to 2031. Understanding the segments aids in determining the importance of various market growth variables.

The Key Players Mentioned in the Artificial Intelligence In Transportation Market Research Report include:

Continental AG

Competitive Landscape:

Due to the vast number of players in this industry, the Global Artificial Intelligence In Transportation Market is highly consolidated. The research goes into great detail on these companies' present market position, previous performance, production and consumption trends, demand and supply graphs, sales networks, growth potential, and distribution methods. The study examines prominent market participants' strategic approaches to growing their product offerings and strengthening their market position.

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Some of the key questions answered in this report:

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Fatpos Global is a leading management consulting, advisory, and market research organization that serves its clients globally through its team of experts and industry veterans that have years of expertise in management consulting, advisory, and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting, and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.

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Artificial Intelligence In Transportation Segmentation 2022: Size, Shares, Top Region Records, Industry Outlook, Driving Factors By Manufacturers,...

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Farmers Increasing Their Crop Yield with Artificial Intelligence – Farmers Review Africa

Posted: at 8:13 pm

The demand for agricultural products is surging in countries such as Brazil, India, the U.S., and China due to the rapid urbanization, surging disposable income, and changing consumption patterns of the booming population. On account of the soaring demand, these countries are leveraging artificial intelligence (AI) to increase their overall agricultural productivity. Owing to this reason, the AI in agriculture market is expected to progress at a robust CAGR of 24.8% during 20202030. According to P&S Intelligence, at this rate, the value of the market will rise from $852.2 million in 2019 to $8,379.5 million by 2030.

In recent years, the usage of smart sensors has increased tremendously in agriculture, as they enable farmers to map their fields accurately and apply crop treatment products to the areas that need them. Moreover, the development of several operation-specific sensors, including airflow sensors, location sensors, weather sensors, and soil moisture sensors, is assisting farmers in monitoring and optimizing their yields. Additionally, technology companies are developing smart sensors that are adaptable to the altering environmental conditions.

Additionally, the agrarian community is deploying drones in large numbers to monitor the growth and health of crops. Farmers use drones to scan the soil health, estimate the yield data, draft irrigation schedules, and apply fertilizers. Besides, the increasing support from the government has led to the widescale adoption of drones for modernizing agricultural practices. For example, in January 2019, the government of Maharashtra, India, partnered with the World Economic Forum (WEF) to enhance the agricultural yield by gathering insights about the farms through drones.

How Are AI-Powered Smart Sensors Improving Agricultural Practices?

Further, AI is being used in the agriculture sector to monitor the livestock in real-time. The utilization of AI solutions, such as facial recognition and image classification integrated with feeding patterns and condition score, enables dairy farms to individually monitor all the behavioral aspects of a herd. Moreover, farmers are using machine vision to recognize facial features and hide patterns, record the behavior and body temperature, and monitor the food and water intake of the livestock.

North America witnesses large-scale deployment of the AI technology in agricultural activities owing to the early adoption of computer vision and machine learning (ML) for soil management, precision farming, greenhouse management, and livestock management. Moreover, the increasing adoption of the internet of things (IoT) technology bolstered with computer vision will promote the application of AI solutions by the farming community. Besides, the existence of numerous technology vendors and sensor manufacturers in the region promotes the usage of the AI technologies in the agricultural space.

Furthermore, the Asia-Pacific (APAC) region is expected to adopt AI-enabled agricultural solutions at the fastest pace in the coming years. The high adoption rate of AI in China, Australia, India, and Japan will contribute significantly to the APAC AI in agriculture market in the future. Moreover, the entry of the Alibaba Group in the agricultural solution business, with its AI technology, will increase the penetration of these solutions in the Chinese agricultural industry. Additionally, India is utilizing such solutions due to the escalating effort by multinational companies (MNCs) and the government to spread awareness regarding data sciences and farm analytics among farmers.

Thus, the growing need to increase the crop yield and improve livestock management will fuel the adoption of AI-enabled solutions in the agricultural space.

Source: P&S Intelligence

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U.S. Sen. Johnson: Joins Sen. Paul, colleagues in letter to acting director of NIH requesting information on the disclosure of royalty payments to NIH…

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WASHINGTON On Wednesday, U.S. Sen. Ron Johnson (R-Wis.) joined U.S. Sen. Rand Paul (R-Ky.) and other Republican members of the Senate Committee on Homeland Security and Governmental Affairs (HSGAC) in a letter to Acting Director of the National Institutes of Health (NIH), Lawrence Tabak, requesting information on disclosures of royalty payments made by third-party providers to NIH employees.

This letter comes after the nonprofit organization Open the Books submitted a Freedom of Information Act (FOIA) request to disclose royalty payments made between 2009 and 2020. The agency only provided the names of the employees receiving the payments and the number of payments they received between 2009 and 2014; the amounts of the individual payments, the innovation in question, and the names of the third-party payers were redacted by NIH. These FOIA redactions contradict a previous NIH statement claiming an entity would have to make a request via the Freedom of Information Act to find out royalty payments to individual researchers.

In 2005, the NIH implemented a policy requiring its employees to disclose royalty payments on the consent forms for clinical trial participants; however, the agency has taken no action to disclose such payments to the public at large. Nevertheless, we believe that the American taxpayer deserves to know the degree to which government doctors and researchers have a financial interest in drugs and products they support, and whether any relationship exists between federal grants awarded by NIH and royalty payments received by NIH personnel. Additionally, Americans deserve greater transparency in how the hundreds of millions in royalty payments NIH receives are distributed, and the degree to which NIHs leadership- already among the highest-paid individuals in the federal bureaucracy has benefited from this hidden revenue stream,the senators wrote.

Under 5 U.S.C. 2954, [a]n Executive agency, on request of the Committee on [Oversight and Reform] of the House of Representatives, or of any seven members thereof, or on request of the Committee on [Homeland Security and] Governmental Affairs of the Senate, or any five members thereof, shall submit any information requested of it relating to any matter within the jurisdiction of the committee.

In order to fulfill this oversight mandate, the Senators asked that the NIH respond and provide the requested information no later than 5:00PM on Friday, June 17, 2022.

Sen. Johnson and Sen. Paul were joined on the letter by Senators Rick Scott (R-Fla.), Josh Hawley (R-Mo.), and James Lankford (R-Okla.).

The full text of the letter can be foundhereand below.

The Honorable Lawrence A. Tabak

Acting Director of the National Institutes of Health

National Institutes of Health

Dear Acting Director Tabak:

As members of the United States Senate Committee on Homeland Security and Governmental Affairs, and pursuant to 5 U.S.C. 2954 as detailed below, we the undersigned write today to request information from the National Institutes of Health (NIH) regarding the disclosure of royalty payments made by third-party providers to NIH employees.

Each year, NIH awards tens of billions of dollars in the form of federal grants, and under 401.10 of the Patent and Trademark Law Amendments (Bayh-Dole) Act, federal agencies and employees may receive royalty payments for products and inventions when listed as an inventor or co-inventor on a products patent. A 2020 studyconducted by the Government Accountability Office showed that, in total, 93 NIH patents contributed to 34 FDA-approved prescription drugs, generating roughly $2 billion in royalty payments to the agency between 1991-2019. In 2004 alone, some 900 NIH scientists earned approximately $8.9 million in royalties for drugs and inventions they discovered while working for the government.

In 2005, the National Institutes of Health (NIH) implemented a policyrequiring its employees to disclose these royalty payments on the consent forms for clinical trial participants; however, the agency has taken no action to disclose such payments to the public at large. In fact, even after the nonprofit organization Open the Books submitted a Freedom of Information Act (FOIA) request to disclose royalty payments made between 2009 and 2020, the agency only provided the names of the employees receiving the payments and the number of payments they received between 2009 and 2014; the amounts of the individual payments, the innovation in question, and the names of the third-party payers were redacted by NIH. These FOIA redactions contradict a 2005 statement by an NIH spokesman that an entity would have to make a request via the Freedom of Information Act to find out royalty payments to individual researchers.

Nevertheless, we believe that the American taxpayer deserves to know 1) the degree to which government doctors and researchers have a financial interest in drugs and products they support, and 2) whether any relationship exists between federal grants awarded by NIH and royalty payments received by NIH personnel. Additionally, Americans deserve greater transparency in how the hundreds of millions in royalty payments NIH receives are distributed, and the degree to which NIHs leadership already among the highest-paid individuals in the federal bureaucracy has benefited from this hidden revenue stream.

The U.S. Senate Committee on Homeland Security and Governmental Affairs is charged with studying:

The efficiency and economy of operations of all branches of the Government including the possible existence of fraud, misfeasance, malfeasance, collusion, mismanagement, incompetence, corruption or unethical practices, waste, extravagance, conflicts of interest, and the improper expenditure of Government funds in transactions, contracts, and activities of the Government or of Government officials and employees and any and all such improper practices between Government personnel and corporations, individuals, companies, or persons afflicted therewith, doing business with the Government, and the compliance or noncompliance of such corporations, companies, or individuals or other entities with the rules, regulations, and laws governing the various governmental agencies and the Governments relationship with the public.

Accordingly, as members of that committee, and in order to fulfill this oversight mandate, we request the following information:

1.Regarding royalty payments made by third parties to employees of the National Institutes of Health between January 1, 2009, and December 31, 2021, please provide an itemized list detailing:

a.The amount and date of each individual royalty payment made by third-party payers to employees and administrators of the National Institutes of Health.

i. Please include the names, official employment titles, and pay grades of the recipients, as well as the names of the third-party payers.

b.The aggregate amount each NIH employee or administrator received in royalty payments.

2.Regarding royalty payments made by pharmaceutical companies to employees of the National Institutes of Health between January 1, 2018, to March 1, 2022, please provide a line-item list of the following:

a.The dollar amount and date of each individual royalty payment made by pharmaceutical companies to employees and administrators of the National Institutes of Health.

i. Please include the names, official employment titles, and pay grades of the recipients, as well as the names of the pharmaceutical companies that made the payments.

b.The total number of employees and administrators at NIH that received royalty payments from pharmaceutical companies between January 1, 2018, and March 1, 2022.

3.Between January 1, 2020, and March 1, 2022,what is the aggregate amount of dollars the National Institutes of Health or its employees have received related to COVID-19 testing, research, treatment and vaccination efforts?

4.As required by the criminal conflicts of interest law at 18 U.S.C. 208(a), Federal employees may not participate personally and substantially in any particular matter in which they know they have a financial interest unless they first obtain a written waiveror qualify for a regulatory exemption.

a.Have all NIH employees receiving royalty payments by pharmaceutical companies completed this written waiver or qualified for regulatory exemption? If not, please explain why.

5.How much did the National Institutes of Health directly receive in royalties between January 1, 2009, and December 31, 2021?

a.Please explain, in detail, how the National Institutes of Health uses these royalty payments made to the agency.

Under 5 U.S.C. 2954, [a]n Executive agency, on request of the Committee on [Oversight and Reform] of the House of Representatives, or of any seven members thereof, or on request of the Committee on [Homeland Security and] Governmental Affairs of the Senate, or any five members thereof, shall submit any information requested of it relating to any matter within the jurisdiction of the committee.

Our expectation is that NIH will honor this statutory obligation, and we ask that NIH please respond and provide the requested information no later than Friday, June 17, 2022.

Sincerely,

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U.S. Sen. Johnson: Joins Sen. Paul, colleagues in letter to acting director of NIH requesting information on the disclosure of royalty payments to NIH...

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