The
#AIEye: VSBLTY (CSE: $VSBY.C) (5VS.F) (OTC: $VSBGF) Names Two Experts to
Management Team, GBT Technologies (OTC: $GOPHD) Mobile Database Sharing Patent
Receives Positive Reviews and AWS (Nasdaq: $AMZN) Selected by The Globe and
Mail for #Cloud and #AI
China’s
#AI Development to Continue Increasing Despite “Limited Areas” of Application
Point Roberts WA , Vancouver BC – August 14, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
Listen
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Read this in full
at https://www.investorideas.com/news/2019/artificial-intelligence/08141AIEye-VSBY-GOPHD-AMZN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (CSE:VSBY) (5VS.F) (VSBGF) (OTC PINK:GOPHD) (NasdaqGS:AMZN)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) has named Matthew Pruitt as the company’s new Chief
Experience Officer (CXO) and Paul Rinaldi as its new Senior Client Services
Director, Retail. Pruitt was formerly the Chief Solutions Architect of NEC
Corporation of America. VSBLTY Co-founder and CEO Jay Hutton said of him:
"We
are delighted to add Matt Pruitt, a seasoned and respected thought leader in
facial recognition. Our product, process and execution will be enhanced by
Matt's experience and leadership. With the market now maturing, we must execute
flawlessly. Matt is critical to that endeavor."
Rinaldi had previously served as Vice President, Sales
& Operations at Optika Display. Hutton said of him:
"As
a pioneer in the digital revolution underway in retail and other public spaces,
VSBLTY is excited to bring Paul aboard. As we scale our business, the emphasis
shifts from innovation to execution as our biggest partners and retailers focus
on deployment and revenue."
GBT Technologies
Inc. (OTC PINK:GOPHD) has announced that its
Mobile Database Sharing PCT patent received a positive written opinion review
by The Patent Cooperation Treaty ("PCT") International examiners on
August 5, 2019. According to the press release, “The technology in the
patent claim is targeted to work within the Company's private, secured
communication protocol gNET, enabling vast database handling and management
between devices. This proprietary database management system will also be
adding another significant layer of cyber security to the Company's IoT/Mobile
network, and is intended to be integrated with the Company's granted Patch
patent”. Dr. Danny Rittman, GBT’s CTO, explained:
"Our
Mobile Database Sharing patent is protecting one of our essential intellectual
properties, which is targeted to work within our Avant! AI engine, currently
being developed by GBT Costa Rica.”
GBT will now submit a request to expedite the U.S.
Application in order to move quickly to get the patent granted domestically and
internationally.
Amazon Web
Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by Canada’s biggest
newspaper, The Globe and Mail, as the latter’s preferred cloud provider and as
its standard for artificial intelligence (AI) and machine learning (ML)
workloads. Greg Doufas, Chief Technology and Digital Officer, The Globe and
Mail, commented:
“The
Globe and Mail is investing heavily in data science and artificial
intelligence. From our new audio feature running on Amazon Polly, to the Sophi
predictive analytics platform, we are seeing great value in using AWS’s AI and
ML services. The Globe originally built Sophi for its own use, but has since
begun offering Sophi as a service to other news organizations. With AWS, we are
able to bring our tech experts and editorial leadership together to innovate
and bring new ideas to the newsroom to provide great experiences for our
readers.”
China’s
AI Development to Continue Increasing Despite “Limited Areas” of Application
An article today from the
website International Mining
looks
at the digitalization and AI adoption seen in Chinese industry. The article
cites Ivan Perminov, Head of International Business Development at Zyfra
Mining, who argues contrasts the seeming wane in AI investment in the U.S. with
that of China:
“Whereas
in the US, a number of investors are becoming disillusioned with investments in
AI startups, the China Institute for Science and Technology Policy at Tsinghua
University has published a report stating that China has gained a head start
over the US as the ‘two giants’ race into the fourth industrial revolution,
having secured a leading position in the AI market in both technology
development and applications.”
Though Perminov concedes
that China’s disadvantage in the “limited number of areas, relative to the US,
in which AI can actually be applied”, he stresses trends projecting greater
dominance by the communist state.
“According
to the research company CB Insights, while in 2017 China accounted for only 10%
of transactions in the field of artificial intelligence, last year Chinese
startups attracted more than 40% of dollar investments in the global AI
market.”
“International
Data Corporation notes that the Chinese artificial intelligence market reached
$1.76 billion in 2018 and could grow to $11.9 bn by 2023.”
Sam Mowers,
Investorideas.com
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