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SAN FRANCISCO (Reuters) - Amazon.com Inc will provide a new set of real-time statistics and graphics on live baseball games later this season, expanding its cloud computing deal with U.S. Major League Baseball, the two organizations told Reuters. The agreement, which makes use of Amazon Web Services’ artificial intelligence and machine learning capabilities, follows a similar deal with the National Football League in November. Neither side disclosed financial details. Amazon and MLB are hoping the new stats will give fans insights as they follow games on TV and online. A new logo and branding will show off Amazon’s machine learning technology to a wider audience.
One stat under development is a real-time pitcher heat map that changes to reflect specific situations such as who a pitcher is facing, what stadium they are at, the time of day, and whether a team is still in the playoff hunt, to show fans where the next ball may be pitched, “All these multiple variables that basically we can’t keep in our heads and are not easy to calculate manually, we can now feed those into these large, cloud-based machine-learning systems and see gold plated cufflinks india what emerges,” said MLB Chief Technology Officer Jason Gaedtke..
The partnership announcement comes ahead of the MLB All-Star Game on Tuesday evening. AI-generated statistics will be beamed to baseball fans during game broadcasts and on MLB.com and the MLB At Bat app, and other digital channels. MLB hopes to have the first of these stats ready for fans before the postseason begins in October, Gaedtke said. The partnership is a marketing coup for Amazon, which is competing against the likes of Microsoft Corp and Alphabet Inc’s Google for cloud computing customers.
The global cloud infrastructure market is forecast to be worth nearly $82 billion in 2018, according to research firm Canalys, AWS accounted for 32 percent of the market in the first quarter of 2018, followed by Microsoft Azure with 16 percent and Google Cloud Platform with 7 percent, according to gold plated cufflinks india Canalys, “Sports leagues make good reference customers for cloud providers,” said Blair Hanley Frank, principal analyst at ISG, a technology research and advisory firm, “They’re large, high profile enterprises with complex needs and interests in developing new digital experiences for consumers that translate well to cloud usage.”..
(Reuters) - UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday reported second-quarter medical costs slightly higher than Wall Street expectations, sending its shares down 4 percent and weighing on the rest of the sector. UnitedHealth is the first health insurer to report earnings, and Wall Street investors took their cue from the slight costs miss to sell shares in Anthem Inc, Cigna Corp and Humana Inc. The Trump administration has begun to issue new rules and regulations to roll back some of the insurance coverage expansion that took place with Obamacare, former President Barack Obama’s 2010 health law, and implementing new laws. UnitedHealth said it expects the debate to continue into 2019.
The government also wants to bring down high drug prices, gold plated cufflinks india including examining if the role of pharmacy benefit managers like UnitedHealth’s Optum contributes to those price increases, The company said it is trying to lower prices on drugs for customers, UnitedHealth’s medical loss ratio, or the percentage of premiums paid out for medical services, was 81.9 percent in the quarter, short of the consensus estimate of 81.8 percent, according to healthcare investment bank Leerink, While the ratio was actually better than the 82.2 percent a year ago, the company typically beats Wall Street estimates..
Investors are focusing on the cost trend and that’s why other insurer shares were down and hospital stocks were up Tuesday, Michael Newshel, an analyst at Evercore ISI, said. “Management said (the) costs trend is still tracking in line with what they priced for and guided to, but expectations were elevated for outperformance on the medical loss ratio metric,” he added. The stock, up nearly 17 percent this year, fell 3.5 percent to $248. Anthem was down 1.7 percent, or $244.12, to $242.41, Cigna was off 1.9 percent to $169.70 and Humana decreased 2.4 percent to $308.25.
UnitedHealth Chief Financial Officer John Rex said on a conference call with analysts that the medical cost ratio was within expectations and sees a range of 81.5 percent, plus or gold plated cufflinks india minus 0.50 percentage points, in 2018, The slight miss overshadowed the company’s earnings beat and its higher full-year earnings forecast, Medicare Advantage plans, which provide government-paid health insurance to people over 65 or those who are disabled, brought in $2.1 billion more in sales from a year earlier..