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Global $37+ Bn Mobile Artificial Intelligence (AI) Market is Expected to Grow at a CAGR of over 27.50% During 2022-2028 | Vantage Market Research

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WASHINGTON, April 28, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Mobile Artificial Intelligence Market finds that the increase in demand for AI enabled processors is expediting market growth. Primarily driven by growing use of artificial intelligence in mobile gaming apps, the total Global Mobile Artificial Intelligence Market is estimated to reach USD 37.92 Billion by the year 2028.

The Global Market revenue for the year 2021 valued at USD 8.82 Billion, and expected to grow at a Compound Annual Growth Rate (CAGR) of 27.50%.

Furthermore, the growing technological advancements worldwide is also anticipated to augment the growth of the Global Mobile Artificial Intelligence Market, states Vantage Market Research, in a report, titled “Mobile Artificial Intelligence Market Size, Share & Trends Analysis Report by Application (Smartphones, Cameras, Drones, Automotive), by Technology (20–28nm, 10nm, 7nm and Others (12nm and 14nm), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.

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Market Dynamics:

Increase in Demand for AI Enabled Processors to Fuel Global Mobile Artificial Intelligence Market

The increasing demand for AI enabled processors in smartphones is expected to fuel the growth of the Mobile Artificial Intelligence Market during the forecast period. This is attributable to the increasing need and importance for more effective and efficient systems for solving mathematical and computational problems, as the volume of data has been increasing exponentially. Artificial intelligence is considered to be an important part of different smart phones along with their development. Most of the smartphone manufacturers like Samsung, Apple, Xiaomi and Huawei are leveraging technologies like artificial intelligence into development of their smartphone models, which is further expected to offer dynamic opportunities for growth of the market. Most of the majority of the prominent market players in the semiconductor industry are also focussing on developing and manufacturing AI processors and applications. Further, artificial intelligence could permit major semiconductor companies to capture 40 to 50% of total value from this technology stack, which represents one of the best opportunities they’ve had in decades. Though the storage sector is expected to witness the highest growth, semiconductor companies will capture most value in compute, memory, and networking. Since hardware assists as a differentiator in artificial intelligence, semiconductor companies will discover greater demand for their existing processors, and could also profit by developing novel technologies.

Key Insights & Findings from the Report:

  • According to our primary respondents’ research, the Mobile Artificial Intelligence market is predicted to grow at a CAGR of roughly 27.50% during the forecast period.
  • The Mobile Artificial Intelligence market was estimated to be worth roughly USD 8.82 Billion in 2021 and is expected to reach USD 37.92 Billion by 2028; based on primary research.
  • On the basis of region, North America is projected to dominate the worldwide Mobile Artificial Intelligence market.

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Segmentation of Global Mobile Artificial Intelligence Market:

  • Application
    • Smartphones
    • Cameras
    • Drones
    • Automotive
    • Robotics
    • Augmented Reality (AR)/ Virtual reality (VR)
    • Others
  • Technology
    • 20–28nm
    • 10nm
    • 7nm and Others (12nm and 14nm)
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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Growing Use of Artificial Intelligence in Mobile Gaming Apps to Augment Market Growth

The increase in use of artificial intelligence in mobile gaming apps is anticipated to augment the growth of the Mobile Artificial Intelligence Market within the estimated period. For most of the game developers, artificial intelligence can assist with the creation of powerful mobile games by analysing player behavior. This lets most of the game designers to analyze by what means players can interact with their games and tailor experiences to them. For instance, Telltale Games is considered to be a great example of a games studio that collects data and this data helps to make it part of the experience. Their games, such as The Walking Dead, display exactly how a player’s choices differ from the other players playing the same game. The implementation of AI can change the games industry for developers and companies as well are investing heavily in the technology. Furthermore, major companies such as Microsoft and Google are implementing artificial intelligence (AI) in their tablets and smartphones that empower mobile applications and intended to increase the performances of devices. In addition, artificial intelligence allows mobile applications to get insights from various data generated by all users and helps in improving decision making capabilities of users, thus offering lucrative opportunities for the market.

COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the IT and telecom industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  3. Key Strategies Undertaken by Companies to Tackle COVID-19
  4. Long Term Dynamics
  5. Short Term Dynamics

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The report on Mobile Artificial Intelligence Market highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates and Forecast
  • Company Profiles
  • Global and Regional Dynamics

Regional Analysis:

North America to Dominate the Global Mobile Artificial Intelligence Market

North America has dominated the Global Mobile Artificial Intelligence Market in 2021 and is likely to continue the same trend during the forecast period. The U.S. dominated the North America region in 2021. This is attributable to the rising demand for edge computing in IoT and devoted low-cost AI chips in the region. Furthermore, the increase in adoption of cloud-based applications along with growing in the number of enterprises is also anticipated to encourage the adoption of sustainable packaging solutions.

Asia Pacific is expected to grow at a fastest CAGR during the forecast period owing to the increasing number of start-ups in the mobile AI ecosystem in the region. Additionally, the huge potential for mobile AI in the applications such as smartphones, industrial robots, and automotive are also expected to contribute to the regional growth of the market.

List of Prominent Players in the Mobile Artificial Intelligence Market:

  • Apple (US)
  • NVIDIA (US)
  • Huawei (China)
  • Samsung Electronics (South Korea)
  • Qualcomm (US)
  • Intel (US)
  • IBM (US)
  • Microsoft (US)
  • MediaTek (Taiwan)
  • Google (US)

Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on “Mobile Artificial Intelligence Market Size, Share & Trends Analysis Report by Application (Smartphones, Cameras, Drones, Automotive), by Technology (20–28nm, 10nm, 7nm and Others (12nm and 14nm)), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/mobile-artificial-intelligence-market-047878

Recent Developments:

March, 2022: Nvidia Corp announced new chips and technologies that it said will boost the computing speed of increasingly complicated artificial intelligence algorithms, stepping up competition against rival chipmakers vying for lucrative data center business.

Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?
  • Which are the top five players of the Mobile Artificial Intelligence Market?
  • How will the Mobile Artificial Intelligence Market change in the upcoming six years?
  • Which application and product will take a lion’s share of the Mobile Artificial Intelligence Market?
  • What is the Mobile Artificial Intelligence market drivers and restrictions?
  • What will be the CAGR and size of the Mobile Artificial Intelligence Market throughout the forecast period?           

This market titled “Mobile Artificial Intelligence Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered   •  Application

      º  Smartphones

      º  Cameras

      º  Drones

      º  Automotive

      º  Robotics

      º  Augmented Reality (AR)/ Virtual reality (VR)

      º  Others

 •  Technology

      º  20–28nm

      º  10nm

      º  7nm and Others (12nm and 14nm)

  •  Region

      º  North America

      º  Europe

      º  Asia Pacific

      º  Latin America

      º  Middle East & Africa

Region & Counties Covered   •  North America

      º  U.S.

      º  Canada

      º  Mexico

  •  Europe

      º  U.K

      º  France

      º  Germany

      º  Italy

      º  Spain

      º  Rest Of Europe

  •  Asia Pacific

      º  China

      º  Japan

      º  India

      º  South Korea

      º  South East Asia

      º  Rest Of Asia Pacific

  •  Latin America

      º  Brazil

      º  Argentina

      º  Rest Of Latin America

  •  Middle East & Africa

      º  GCC Countries

      º  South Africa

      º  Rest Of Middle East & Africa

Companies Covered   •  Apple (US)

  •  NVIDIA (US)

  •  Huawei (China)

  •  Samsung Electronics (South Korea)

  •  Qualcomm (US)

  •  Intel (US)

  •  IBM (US)

  •  Microsoft (US)

  •  MediaTek (Taiwan)

  •  Google (US)

Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

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Artificial Intelligence

Pearson augments nursing content with generative AI study tools to improve nursing education and address shortages

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HOBOKEN, N.J., May 17, 2024 /PRNewswire/ — Pearson (FTSE: PSON.L), the world’s leading learning company, today announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, the only nursing concepts curriculum built from the ground up as a comprehensive, cohesive learning system.

Pearson’s AI study tools combine the power of generative AI technology with trusted Pearson content to provide scaffolded, guided help when students are stuck on homework problems, and personalized explanations, summaries, and practice problems for more efficient studying.
“Integrating AI study tools into our concept-based nursing series enhances the learning experience, giving nursing students and nurse educators the resources they need to efficiently study and master course concepts,” said Anne Fahlgren, GM of Pearson’s professional portfolio. “This technology will help more nursing candidates prepare for and enter the workforce, while also giving nurse educators the means to scale their teaching further, addressing major challenges in nursing education and society.”
The AI study tools beta will be available both in Pearson+ eTextbook and the accompanying MyLab Nursing course in time for Fall 2024. MyLab is an interactive teaching and learning platform, backed by content from Pearson authors. The platform, with integrated eTextbook, allows instructors to design their course, assign homework and assessments, and monitor student progress in real time.
The US is experiencing shortages of nurses and nurse educators. The National Academy of Medicine’s 2021 report on The Future of Nursing: 2020-2030 notes that, in order to provide sufficient care for an aging population over the next decade, a substantial increase in the nursing workforce will be needed that can practice “in community-based settings with diverse populations that face a variety of lived experiences.” The NAM’s report also references hundreds of nursing faculty position vacancies that have contributed to tens of thousands of qualified applicants being turned away from nursing school admission due to the inability to adequately meet student demand.
Concept-based nursing curriculum is designed to focus on key concepts emphasizing a holistic understanding of nursing principles that can be applied across different patient populations, healthcare settings, and situations. This approach strengthens clinical reasoning skills in the course of patient care. Incorporating generative AI tools into Pearson’s concept-based nursing content supports nurse educators in scaling their teaching and students’ ability to study more efficiently.
Dr. Michelle Aebersold, University of Michigan School of Nursing Clinical Professor and contributor to Nursing: A Concept-Based Approach to Learning, said “Technological advancements like generative AI are transforming the nursing profession. The ability to adapt in a rapidly changing environment is a critical healthcare skill, whether it’s in the course of patient care or in preparing our future nurses for the workforce. The ability of the AI study tools to provide a more user-centered, customized experience is a huge benefit for our students. I’m glad they will have access to Pearson’s AI tools that accommodate the variety of ways students learn and provide personalized support in the moment students need it most. This is the future of individualized learning.”
A Fall 2023 survey of students using Pearson’s AI study tools beta showed strong levels of engagement, with 75% of respondents saying the tools were helpful or very helpful to their studies.
The inclusion of generative AI study tools further solidifies Pearson’s dedication to providing the most comprehensive and effective learning and teaching resources for nursing students and nurse educators across the US. Pearson’s AI study tools are already available in more than 30 Pearson Mastering titles and are set to be integrated into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles across math, science, business, and nursing for August of 2024.
Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce.
Pearson product experts are available to demo the AI study tools for members of the media. Please request demonstrations with the media contact below.
About Pearson
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.
Media [email protected]
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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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