9 Trending AI News Updates Driving US Markets

7. Iveda Solutions Inc. (NASDAQ:IVDA)

Number of Hedge Fund Holders: 2

Iveda Solutions Inc. (NASDAQ:IVDA) offers AI-based video search and IoT-driven surveillance technologies in its smart sensors and devices to improve public safety, senior care, and environment preservation.

On March 4th, Iveda Solutions Inc. (NASDAQ:IVDA) announced the launch of the Iveda Pinpoint solution, an AI-driven Real-Time Location System (RTLS) to help hospitals avoid spending time and resources locating misplaced IV pumps, medical devices, and wheelchairs. The company has already deployed its new product at the Changhua Christian Hospital (CCH) medical institution in Taiwan, and has seen significant improvements in managing critical medical equipment.

“At Changhua Christian Hospital, one of the biggest resource drains was missing wheelchairs. They needed a platform to track and manage these assets, helping them determine where they were going. With Iveda Pinpoint, they discovered that patients were unintentionally taking hospital-owned wheelchairs home. By implementing Iveda Pinpoint’s Geo-Fencing feature, they now receive instant alerts whenever a wheelchair moves beyond the designated area. As a result, the hospital has significantly reduced equipment loss, saving both time and money.”

-said Spencer Shih of Realink, one of Iveda’s key systems integrator partners in Taiwan.