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Artificial Intelligence

Global Artificial Intelligence (AI) Market to Reach US$291.5 Billion by the Year 2026

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New York, Oct. 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Artificial Intelligence (AI) Industry” – https://www.reportlinker.com/p05478480/?utm_source=GNW
AI technology is associated with making machines and related processes intelligent through the use of advanced computer programming solutions. The AI technology market is poised to grow at a robust pace driven by its increasing adoption in an expanding range of applications in varied industries. The growing need to analyze and interpret burgeoning volumes of data and the escalating demand for advanced AI solutions to improve customer services are expected to fuel growth in the AI market. With significant improvements being seen in data storage capacity, computing power and parallel processing capabilities, the adoption of AI technology in various end-use sectors is on the rise. The rising adoption of cloud-based services and applications, rapid growth of big data, and the increasing need for intelligent virtual assistants are also contributing to the rapid growth of AI market. The advent of face, image, and voice recognition technologies is further favoring growth in the global market.

Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) estimated at US$47.1 Billion in the year 2020, is projected to reach a revised size of US$291.5 Billion by 2026, growing at a CAGR of 34.3% over the analysis period. Services, one of the segments analyzed in the report, is projected to grow at a 34.1% CAGR to reach US$154.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 31.7% CAGR for the next 7-year period. This segment currently accounts for a 37.9% share of the global Artificial Intelligence (AI) market. The increasing penetration of chatbots or virtual assistants for providing customer assistance in various end-use industries including e-commerce and banking is expected to further enhance demand for AI-based software and systems.

The U.S. Market is Estimated at $28.9 Billion in 2021, While China is Forecast to Reach $53.6 Billion by 2026

The Artificial Intelligence (AI) market in the U.S. is estimated at US$28.9 Billion in the year 2021. The country currently accounts for a 41.4% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$53.6 Billion in the year 2026 trailing a CAGR of 40.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.8% and 30.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.5% CAGR while Rest of European market (as defined in the study) will reach US$70.9 Billion by the end of the analysis period. The dominant share of the US is mainly attributed to the widespread adoption of AI technology in several end-use industries including media, e-commerce and manufacturing. Increased funding for developing and advancing AI technology and applications, and a robust technical adoption base are also favoring growth. Europe, is the second largest regional AI market. Europe is expected to witness a significant increase in the deployments of cloud-based AI solutions, driven by the growing consumer demand for on-demand and faster access to data and relatively easy document control. Europe`s AI market is likely to benefit from the European Commission`s plans to invest €20 billion for AI research during the period 2018-2020 in order to fuel R&D initiatives for businesses and government. Growth in Asia-Pacific including China is propelled by the increasing adoption of natural language processing (NLP) and deep learning technologies in sectors such as marketing, finance, law, and agriculture. The market also benefits from the rapid pace of improvements being seen in computing power, data storage capacity and processing capabilities, which facilitate adoption of AI technology in sectors such as healthcare and automotive.

Hardware Segment to Reach $71.2 Billion by 2026

The constant decline in hardware costs is fueling growth in the hardware segment. By type of hardware, processor captures the largest share of the AI chipsets market, due mainly to the rising demand for high computing processors for running AI algorithms in servers and for the development of edge devices. In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 38.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.8 Billion in the year 2020 will reach a projected size of US$74.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.8 Billion by the year 2026.
Select Competitors (Total 300 Featured)

  • Accenture
  • AIBrain, Inc.
  • Amazon Web Services
  • Baidu, Inc.
  • BIGO Technology
  • ByteDance Ltd
  • Cisco Systems, Inc.
  • CloudMinds
  • Dell Technologies
  • eGain Corporation
  • Esri
  • Facebook, Inc.
  • General Electric Company
  • Google, Inc.
  • Habana Labs Ltd
  • Inspur
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • IPsoft Inc
  • Micron Technology, Inc.
  • Microsoft Corporation
  • Mobileye, an Intel Company
  • NetEase Fuxi Lab
  • NetEase, Inc
  • Next IT Corporation
  • NICE inContact
  • Nuance Communications, Inc.
  • NVIDIA Corporation
  • Omron Robotics and Safety Technologies, Inc
  • Oracle Corporation
  • Rockwell Automation, Inc.
  • Salesforce.com, inc.
  • Samsung Electronics Co., Ltd.
  • SAP SE
  • SAS Institute Inc.
  • Siemens AG
  • Smartron India Private Limited
  • The Hewlett-Packard Company
  • Trifo
  • Xilinx, Inc.

Read the full report: https://www.reportlinker.com/p05478480/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Artificial Intelligence Gains Interest during COVID-19 Pandemic
Artificial Intelligence Makes Significant Contribution in War
against COVID-19
Machine Learning Benefits Healthcare Organizations
AI-Powered Sentiment Analysis Scales & Shapes Vaccination
Programs in US
Industrial and Commercial Applications Take a Hit as COVID-19
Evolves Into an Economic Crisis
EXHIBIT 2: Global PMI Index Points for the Years 2018, 2019 & 2020
EXHIBIT 3: Business Confidence Index (BCI) Points for 3Q 2019,
4Q 2019, 1Q 2020, & 2Q 2020
COVID-19-Led Budgetary Reticence Dampens Spending, but AI
Enjoys Resilient Interest in Banking Sector
Retailers Rely on AI during COVID-19 to Stay Afloat & Embrace
New Normal
Emphasis on Technology Adoption Elicits AI Implementation in
Manufacturing Industry
AI & Machine Learning to Redefine Manufacturing Operations
Artificial Intelligence (AI): A Prelude
Technologies Enabling AI
Outlook
Advances in Real World AI Applications Bolster Growth
Inherent Advantages of AI Technology to Accelerate Adoption in
Varied Applications
Banking Sector Shows Unwavering Interest in AI
AI Reshapes the Future of Manufacturing Industry
AI-based Services Segment Captures Major Share of Global AI Market
Developed Markets Dominate, Asia-Pacific to Spearhead Future
Growth
Deep Learning and Digital Assistant Technologies Present
Significant Growth Potential
Major Challenges Faced in AI Implementation
Competition
AI Marketplace Characterized by Intense Competition
EXHIBIT 4: Global Artificial Intelligence Market by Leading
Vendors for 2020
Growing Focus on AI by Leading Tech Companies with Huge
Financial Resources
Investments in AI Startups on Rise
EXHIBIT 5: Global AI Startup Funding (in US$ Million) for the
Years 2014 through Q12020
EXHIBIT 6: Number of AI Startups with $1 Billion Valuations for
the Years 2014-2020
EXHIBIT 7: AI Cumulative Funding (in US$ Billion) by Category
(As of 2020)
AI Applications and Major Startups
Select Companies Raising AI Investments in 2020
EXHIBIT 8: Total Number of Investments in AI by Investor Type:
April 2021
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
AI Breakthroughs with Significant Potential to Radically
Transform Future
Machine Learning and AI-Assisted Platforms to Personalize
Customer Experiences in Marketing Applications
EXHIBIT 9: Ranking of Business Outcomes Realized through AI
Application in Marketing
Ecommerce Attracts Strong Growth
Detailed Insight into how e-commerce makes use of AI
3x Faster Acceleration in E-Commerce Induced by the Pandemic
Brings Out Automated Fulfilment of E-Commerce Orders as a
Major Growth Driver
EXHIBIT 10: Global B2C e-Commerce Market Reset & Trajectory –
Growth Outlook (In %) For Years 2019 through 2025
EXHIBIT 11: Retail M-Commerce Sales as % of Retail E-commerce
Sales Worldwide for the Years 2016, 2018, 2020 & 2022
AI Hosting at Edge to Drive Growth
EXHIBIT 12: Global Edge Computing Market in US$ Billion: 2020,
2024, and 2026
AI-enabled Analysis and Forecasts Aid Organizations Make
Profitable Decisions
AI-Powered Biometric Security Solutions Gain Momentum
EXHIBIT 13: Global Biometrics Market in US$ Billion: 2016,
2020, and 2025
New and Improved Concepts in ML and AI take Stage
IIoT & AI Convergence Brings in Improved Efficiencies
EXHIBIT 14: Global Breakdown of Investments in Manufacturing
IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025
Increasing Adoption of AI Technology to Boost AI Chipsets Market
Combination of Robotics and AI Set to Cause Significant
Disruption in Various Industries
AI in Customer-Centric Operations Gain Momentum
AI Innovations Widen Prospects
Blockchain & Artificial Intelligence (AI): A Powerful Combination
Notable Trends in the Artificial Intelligence Market
Big Data Trends to Shape Future of Artificial Intelligence
AI Exudes Potential to Mitigate Adversities Amid COVID-19
AI in Retail Market: Multi-Channel Retailing and e-Commerce
Favor Segment Growth
AI for a Competitive Edge for Retail Organizations
Online Retailers Eye on Artificial Intelligence to Boost
Business in Post-COVID-19 Era
AI & Analytics Help Retailers Survive Economic & Operational
Implications of COVID-19
AI for Fashion Retail and Beauty
AI for Grocery, Electronics, and Home & Furniture
Financial Sector: AI and Machine Learning Offer Numerous Gains
Fintech Deploys AI to Target Millennials
AI in Media & Advertising: Targeting Customers with Right
Marketing Content
COVID-19 Impacts Advertising Industry, Affects AI Investments
EXHIBIT 15: COVID-19 Impact on Global Ad Spending: March 2020
Possibilities Galore for AI in Digital Marketing
Marketing Functions Where AI is Yet Impossible to Deploy
AI-Enabled CRM Market: Promising Growth Opportunities in Store
Artificial Intelligence to Transform Delivery of Healthcare
Services
Healthcare AI Market to Experience Remarkable Expansion
EXHIBIT 16: Global Healthcare AI Market – Percentage Breakdown
by Application for 2020
EXHIBIT 17: Worldwide Current & Required Healthcare Spending as
% of GDP
AI in Medical Diagnostics and Pharmaceutical Sectors
COVID-19 Spurs New Developments and Expedites AI Adoption in
Healthcare Industry
Developments Impacting AI in Healthcare Domain
Artificial Intelligence Holds Potential to Accelerate Detection &
Treatment of COVID-19
Detecting Personalized Therapeutic Targets
Rising Prevalence of Diabetes to Drive AI Adoption in Diabetes
Management Market
EXHIBIT 18: World Diabetes Prevalence (2000-2045P)
Barriers Restraining AI Adoption in Healthcare Sector
Automotive AI Market: Need to Enhance Customer Experience and
Increasing Focus on Autonomous Vehicles Propels Growth
EXHIBIT 19: Automotive AI Market By Segment
Slowdown in Automobile Production Hit AI Investments in Auto
Sector
EXHIBIT 20: Automobile Production % YoY Change Across Select
Countries: 2020 Vs 2019
EXHIBIT 21: Reduction in Automotive Demand in 2020 (In Million
Vehicles)
EXHIBIT 22: World Automobile Production in Million Units: 2008
-2022
COVID-19 Outbreak to Speed up Digitalization & Automation in
Automotive Sector
Driverless Cars: The Ultimate Future of AI in Auto industry
Automakers Focus on Integrating AI-Powered Driver Assist
Features in Vehicles
AI to Enhance Connectivity, Provide Infotainment and Enhance
Safety in Vehicles
AI for Smart Insurance Risk Assessment of Vehicles
Artificial Intelligence Steps into Manufacturing Space to
Transform Diverse Aspects
Industrial IoT, Robotics and Big Data to Stimulate AI
Implementations
EXHIBIT 23: Global Investments on Industry 4.0 Technologies
(in US$ Billion) for the Years 2017, 2020, & 2023
AI Moves from Factory Floor to Supply Chain and Beyond
Machine Learning: Growing Role in Smart Manufacturing
AI as a Service Market: Obviating the Need to Make Huge Initial
Investments
AI in Education Market to Exhibit Strong Growth
EXHIBIT 24: Global Market for AI in Healthcare Sector (2019):
Percentage Breakdown of Revenues by End-Use – Higher Education
and K-12 Sectors
Focus on ITS, IAL and Chatbots Favors Market Growth
Agriculture Sector: A Promising Market for AI Implementations
AI Technologies Used in Agricultural Activities – A Review
AI Poised to Create Smarter Agriculture Practices in Post-
COVID-19 Period
Food & Beverage Industry to Leverage AI Capabilities to Resolve
Production Issues and Match Up to Customer Expectations
AI Adoption Gains Acceptance in Modern Warfare Systems in the
Defense Sector
Energy & Utilities: Complex Landscape and High Risk of
Malfunctions Enhances Need for AI-based Systems
COVID-19 Raises Demand for AI Technologies in Oil & Gas Sector
AI in Construction Sector: Need for Cost Reduction and Safety
at Construction Sites Drive Focus onto the Use of AI-based
Solutions
AI Contributing in Sustaining Critical Infrastructure Amid
COVID-19

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Artificial
Intelligence (AI) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Artificial Intelligence (AI)
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 3: World 12-Year Perspective for Artificial Intelligence
(AI) by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World Markets for Years 2015, 2021 & 2027

Table 4: World Current & Future Analysis for Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 5: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 6: World 12-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027

Table 7: World Current & Future Analysis for Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 9: World 12-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027

Table 10: World Current & Future Analysis for Hardware by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 11: World Historic Review for Hardware by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 12: World 12-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027

Table 13: World Current & Future Analysis for Computer Vision
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 14: World Historic Review for Computer Vision by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 15: World 12-Year Perspective for Computer Vision by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 16: World Current & Future Analysis for Machine Learning
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 17: World Historic Review for Machine Learning by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 18: World 12-Year Perspective for Machine Learning by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 19: World Current & Future Analysis for Context Aware
Computing by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 20: World Historic Review for Context Aware Computing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 21: World 12-Year Perspective for Context Aware Computing
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 22: World Current & Future Analysis for Natural Language
Processing by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 23: World Historic Review for Natural Language Processing
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 24: World 12-Year Perspective for Natural Language
Processing by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2015, 2021 & 2027

Table 25: World Current & Future Analysis for Advertising &
Media by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 26: World Historic Review for Advertising & Media by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 27: World 12-Year Perspective for Advertising & Media by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 28: World Current & Future Analysis for BFSI by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 29: World Historic Review for BFSI by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2015 through 2019 and % CAGR

Table 30: World 12-Year Perspective for BFSI by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027

Table 31: World Current & Future Analysis for Healthcare by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 32: World Historic Review for Healthcare by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 33: World 12-Year Perspective for Healthcare by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 34: World Current & Future Analysis for Retail by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 35: World Historic Review for Retail by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2015 through 2019 and % CAGR

Table 36: World 12-Year Perspective for Retail by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027

Table 37: World Current & Future Analysis for Automotive &
Transportation by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 38: World Historic Review for Automotive & Transportation
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 39: World 12-Year Perspective for Automotive &
Transportation by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World for Years 2015, 2021 & 2027

Table 40: World Current & Future Analysis for Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 41: World Historic Review for Manufacturing by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 42: World 12-Year Perspective for Manufacturing by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 43: World Current & Future Analysis for Agriculture by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 44: World Historic Review for Agriculture by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR

Table 45: World 12-Year Perspective for Agriculture by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

Table 46: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 47: World Historic Review for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR

Table 48: World 12-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Artificial Intelligence Market: An Overview
Healthcare: A Promising Application Market for AI Technology
Funding for AI Startups in the US Continues to Grow
EXHIBIT 25: AI Funding in the US: VC Deal Value (in $ Billion)
and Number of Deals in AI and ML Technologies for 2011 through
Q1 2021
EXHIBIT 26: Leading Artificial Intelligence Startups by Total
Equity Funding ($ Million) in the US From 2016 to 2021
Regulatory Support for AI
Market Analytics
Table 49: USA Current & Future Analysis for Artificial
Intelligence (AI) by Component – Services, Software and
Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 50: USA Historic Review for Artificial Intelligence (AI)
by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 51: USA 12-Year Perspective for Artificial Intelligence
(AI) by Component – Percentage Breakdown of Value Revenues for
Services, Software and Hardware for the Years 2015, 2021 & 2027

Table 52: USA Current & Future Analysis for Artificial
Intelligence (AI) by Technology – Computer Vision, Machine
Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 53: USA Historic Review for Artificial Intelligence (AI)
by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 54: USA 12-Year Perspective for Artificial Intelligence
(AI) by Technology – Percentage Breakdown of Value Revenues for
Computer Vision, Machine Learning, Context Aware Computing and
Natural Language Processing for the Years 2015, 2021 & 2027

Table 55: USA Current & Future Analysis for Artificial
Intelligence (AI) by End-Use – Advertising & Media, BFSI,
Healthcare, Retail, Automotive & Transportation, Manufacturing,
Agriculture and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 56: USA Historic Review for Artificial Intelligence (AI)
by End-Use – Advertising & Media, BFSI, Healthcare, Retail,
Automotive & Transportation, Manufacturing, Agriculture and
Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR

Table 57: USA 12-Year Perspective for Artificial Intelligence
(AI) by End-Use – Percentage Breakdown of Value Revenues for
Advertising & Media, BFSI, Healthcare, Retail, Automotive &
Transportation, Manufacturing, Agriculture and Other End-Uses
for the Years 2015, 2021 & 2027

CANADA
Market Overview
Top-Tier Canadian Cities Primed for AI Growth
EXHIBIT 27: Funding in Artificial Intelligence (AI) Companies
(in US Million) in Canada for the Years 2014-2019
Market Analytics
Table 58: Canada Current & Future Analysis for Artificial
Intelligence (AI) by Component – Services, Software and
Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 59: Canada Historic Review for Artificial Intelligence
(AI) by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 60: Canada 12-Year Perspective for Artificial
Intelligence (AI) by Component – Percentage Breakdown of Value
Revenues for Services, Software and Hardware for the Years
2015, 2021 & 2027

Table 61: Canada Current & Future Analysis for Artificial
Intelligence (AI) by Technology – Computer Vision, Machine
Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 62: Canada Historic Review for Artificial Intelligence
(AI) by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 63: Canada 12-Year Perspective for Artificial
Intelligence (AI) by Technology – Percentage Breakdown of Value
Revenues for Computer Vision, Machine Learning, Context Aware
Computing and Natural Language Processing for the Years 2015,
2021 & 2027

Table 64: Canada Current & Future Analysis for Artificial
Intelligence (AI) by End-Use – Advertising & Media, BFSI,
Healthcare, Retail, Automotive & Transportation, Manufacturing,
Agriculture and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 65: Canada Historic Review for Artificial Intelligence
(AI) by End-Use – Advertising & Media, BFSI, Healthcare,
Retail, Automotive & Transportation, Manufacturing, Agriculture
and Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR

Table 66: Canada 12-Year Perspective for Artificial
Intelligence (AI) by End-Use – Percentage Breakdown of Value
Revenues for Advertising & Media, BFSI, Healthcare, Retail,
Automotive & Transportation, Manufacturing, Agriculture and
Other End-Uses for the Years 2015, 2021 & 2027

JAPAN
Market Overview
Market Analytics
Table 67: Japan Current & Future Analysis for Artificial
Intelligence (AI) by Component – Services, Software and
Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 68: Japan Historic Review for Artificial Intelligence
(AI) by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 69: Japan 12-Year Perspective for Artificial Intelligence
(AI) by Component – Percentage Breakdown of Value Revenues for
Services, Software and Hardware for the Years 2015, 2021 & 2027

Table 70: Japan Current & Future Analysis for Artificial
Intelligence (AI) by Technology – Computer Vision, Machine
Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 71: Japan Historic Review for Artificial Intelligence
(AI) by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 72: Japan 12-Year Perspective for Artificial Intelligence
(AI) by Technology – Percentage Breakdown of Value Revenues for
Computer Vision, Machine Learning, Context Aware Computing and
Natural Language Processing for the Years 2015, 2021 & 2027

Table 73: Japan Current & Future Analysis for Artificial
Intelligence (AI) by End-Use – Advertising & Media, BFSI,
Healthcare, Retail, Automotive & Transportation, Manufacturing,
Agriculture and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 74: Japan Historic Review for Artificial Intelligence
(AI) by End-Use – Advertising & Media, BFSI, Healthcare,
Retail, Automotive & Transportation, Manufacturing, Agriculture
and Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR

Table 75: Japan 12-Year Perspective for Artificial Intelligence
(AI) by End-Use – Percentage Breakdown of Value Revenues for
Advertising & Media, BFSI, Healthcare, Retail, Automotive &
Transportation, Manufacturing, Agriculture and Other End-Uses
for the Years 2015, 2021 & 2027

CHINA
Market Overview
A Vast Talent Pool: Advantage China!
Government Support and Increasing Venture Capital Funding
China Continues Investments in AI Startups
EXHIBIT 28: Chinese AI Market: Funding for AI Startups (in $
Million) for the Period Q1 2017 through Q1 2020
EXHIBIT 29: Leading Chinese AI Startups by Equity Funding (in $
Million) as of June 2020
EXHIBIT 30: Number of New AI Startups in China: 2015-2020
Market Analytics
Table 76: China Current & Future Analysis for Artificial
Intelligence (AI) by Component – Services, Software and
Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 77: China Historic Review for Artificial Intelligence
(AI) by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR

Table 78: China 12-Year Perspective for Artificial Intelligence
(AI) by Component – Percentage Breakdown of Value Revenues for
Services, Software and Hardware for the Years 2015, 2021 & 2027

Table 79: China Current & Future Analysis for Artificial

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Artificial Intelligence

More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg 
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 

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J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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