Hello dear reader, this week we have analyzed 78 use cases and picked the 5 important projects you should have on your radar. Your time is money, so let's start.
Microsoft's second-biggest acquisition is a speech recognition AI company
🤖 AI 💻 Software
Microsoft has bought the AI speech recognition company Nuance for $19.7 billion. This is Microsoft's second-biggest acquisition since buying LinkedIn for $26.2 billion. The acquisition could help Microsoft roll out advanced digital transcription services for its software. Read more
AI-based estimation of car repair costs may be steadily replacing the appraisers. According to Bill Brower, head of data and analytics company LexisNexis Risk Solutions, about 15% of US car damage claims were settled using photos rather than in-person visits by adjusters before COVID-19, and 60% are decided based on images now. This trend could open the gate for applying visual recognition to car damage and insurance claims. Read more
Philips and Ibex cooperate on AI-powered digital pathology
🤖 AI 🏥 Healthcare
Philips and AI company Ibex Medical Analytics cooperate in rolling out clinically proven AI-powered digital pathology solutions. According to Philips, digital pathology has already been shown to improve pathology lab productivity by 25%. Read more
Belgian railway prolonged the IoT deal with Orange
🛰 IoT 🚗 Mobility
The National Railway Company of Belgium (SNCB) has extended a 5G deployment deal with Orange Belgium for further eight years. The IoT network may be used for monitoring the timing of trains, communication with the train driver, or selling tickets. Read more
Citi Innovation Labs is cooperating with the Inter-American Development Bank (IDB) to trial blockchain-based solutions for sending payments from the US to Latin America and the Caribbean. Blockchain could optimize cross-border payment services, which can take multiple days and be very expensive. Read more
That's the wrap up for this week, dear reader. If you liked it – share it with innovation enthusiasts in your network. Stay curious and inspired. See you next week!