The
#AIEye: GBT (OTC PINK: $GTCH) Receives Notice of Publication for GRT
Application and AWS (NASDAQ: $AMZN) Makes Amazon Forecast Generally Available
Semiconductor
Industry Leads #AI Adoption, According to Accenture Report
Point Roberts WA, Vancouver BC – August 22, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC PINK:GTCH) (NasdaqGS:AMZN) (NYSE:ACN)
GBT Technologies Inc. (OTC PINK:GTCH) has received from the United States Patent and
Trademark Office a Notice of Publication and published application for its
Gopher Radio Token (GRT) application. According to the press release, “The GRT
is an IoT/Mobile exchange/security application that is formed by the radio
transmissions of a GopherInSight™ platform device, such as a chip, an IoT
appliance or a wireless mesh network node. As such, it can be used to acquire
IoT/Mobile services and to enhance data security on gNET private network. In
addition, the system verifies the validity of a packet or Blockchain and keeps
its history since inception. GRTs are created based on radio transmissions and
can be used as a method of exchange/acquisition of IoT/Mobile services within
gNET private network. The GRT is to be used as a proprietary token within any
IoT/Mobile system that is using GBT technology, rewarding users for usage”. GBT
CEO Doug Davis said:
"Current
perception of Blockchain-based platforms is that they are secure because of the
unalterable nature of a block once formed and the distributed nature of a
Blockchain. However the blockchain is also subject to spoofing and other
security intrusions, which is why GBT is proud to provide yet another layer of
system validation, monitoring and security to enhance the entire GBT platform,
all managed by our GBT Avant! AI."
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of its
Amazon Forecast service. Amazon Forecast leverages machine learning to build
forecasts for an array of business conditions, including product demand and
sales, infrastructure requirements, energy needs, and staffing levels. Swami
Sivasubramanian, Vice President, Amazon Machine Learning, commented:
“Amazon
Forecast now offers the forecasting expertise from Amazon’s first 25 years of
building the world’s largest ecommerce business in a managed service for any
company to leverage. We’ve built sophisticated, machine learning forecasting
algorithms over many years that our customers can now use in Amazon Forecast
without having to know anything about machine learning themselves. We can’t
wait to see how our customers use the service to reduce operating expenses and
inefficiencies, ensure higher resource and product availability, deliver
products faster, and lower costs to delight their customers.”
Semiconductor
Industry Leads AI Adoption, According to Accenture Report
A report from Accenture (NYSE:ACN), titled Semiconductor Technology Vision 2019, finds that the Semiconductor
industry leads in AI adoption with 80 percent of semiconductor executives using
and piloting AI in their business. Furthermore, 63 percent of semiconductor
executives consider that AI will have the greatest impact on their organization
over the next three years. The press release quotes Syed Alam, a
managing director at Accenture:
“AI
will be a major growth driver for the semiconductor industry in light of high
manufacturing costs and the growing complexity of chip development. To capture
this opportunity, chipmakers should leverage AI technologies and partnerships
to increase efficiency across their operations.”
Dave Sovie, senior managing director and global High
Tech industry lead, commented:
“Technology
advancements such as AI, 5G and IoT will force semiconductor companies to
fundamentally reimagine the skilling of their workforces. To do that, they will
need to empower and skill their workforce to conceive, make, distribute and
support the next generation of products in the marketplace.”
Sam Mowers,
Investorideas.com
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