The AI Eye

The AI Eye
Watching stock news, deal tracker and advancements in artificial intelligence

Tuesday, January 21, 2020

The #AIEye: GBT Technologies (OTCPINK: $GTCH) to Expand Autonomous Machines Research, Accenture (NYSE: $ACN) Opens Innovation Center in Singapore



The #AIEye: GBT Technologies (OTCPINK: $GTCH) to Expand Autonomous Machines Research, Accenture (NYSE: $ACN) Opens Innovation Center in Singapore; Cheetah (NYSE: $CMCM) Reports “Unprecedented Year of Sales” for #AI-Powered Translator

Global Autonomous Shipping Market to See CAGR of 13.5% from 2019-2025



Point Roberts WA, Vancouver BC – January 21, 2020  – 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.

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NYSE:ACN) (NYSE:CMCM)

GBT Technologies Inc. (OTCPINK:GTCH) is expanding its autonomous machines research, and working on the development of a dynamic simulation program for robots. GBT’s CTO, Dr. Danny Rittman, explained:

"We are developing our own simulation methods and algorithms in order to emulate and test real-life situations. Our simulation includes the interaction of robots with the environment and its responding behavior in real time. A major part of the simulation will include the robot navigation activities within its environment based on GBT tracking system."
         
"We are going to simulate real and predicted situations like collision risks and interactions between stationary and moving objects, like for example other robots. We create virtual objects in order to emulate real-life conditions and possible scenarios. Our dynamic simulation program includes a ranking system that will be based on reasoning, computational handling, stability, data processing and response time. The new program is planned to become part of our robotics research and development flow. It will be used for mobile like vehicles and drones, as for stationary robotic applications simulations, enabling the creation of advanced systems in the field."

Accenture (NYSE:ACN) has opened an innovation center for situational awareness in Singapore. The aim of the center is to help regional and global organizations “develop solutions to anticipate and respond to threat and risk to their citizens,” by leveraging technologies such as artificial intelligence (AI), the internet of things, blockchain, augmented reality and virtual reality. James Slessor, who leads Accenture’s Public Safety business globally, commented:

"Improving situational awareness is crucial for public safety agencies to better anticipate threat, risk and harm, allowing them to respond to public safety-related incidents faster and in a more informed way. By responsibly using innovative technologies, these agencies can better anticipate public safety incidents, improve the safety of first responders, and deliver services to citizens and communities more effectively."

Cheetah Mobile Inc. (NYSE:CMCM) announced that its AI-powered translation device, CheetahTALK (formerly known as CM Translator) “experienced an unprecedented year of sales growth as the product received upgrades and became available to the mass market for the first time.” Vincent Li, director of global marketing at Cheetah Mobile, commented:

"2019 was an incredible year for Cheetah Mobile as we continue to create practical technology products such as CheetahTALK for the global consumer. As we enter a new year, we will continue to build on the foundation of Cheetah Mobile - creating products based on consumers' needs using the best technology available."

Global Autonomous Shipping Market to See CAGR of 13.5% from 2019-2025

A report from Grand View Research finds that the global Autonomous Ships market, which was valued at $6.03 billion in 2018, will see a compound annual growth rate (CAGR) of 13.5 percent from 2019-2025. An excerpt from the report summary reads:

Growing seaborne trade across the globe coupled with increasing maritime tourism is anticipated to drive the growth. Moreover, the lack of sailors is anticipated to drive the adoption of automated systems. These systems are installed in vessels to automate several processes, such as navigation and propulsion of the vessel, through the use of components and systems such as automated navigation systems, propulsion control systems, sensors, among others. Most of these systems are already in use across various industries and applications such as aerospace and automobile. Maritime industry players are making huge financial investments to find the optimum way to combine these systems and technologies for reliable and cost-effective functioning of unmanned vessels.

Sam Mowers, Investorideas.com


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