The #AIEye: GBT (OTCPINK: $GTCH) Begins Development of
Neuromorphic Microchip CLEVER and Accenture (NYSE: $ACN) Agrees to Acquire
Sutter Mills
Global Speech and Voice Recognition Market to Hit
$26.79 Billion by 2025
Point Roberts WA, Vancouver BC – October
11, 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
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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)
GBT Technologies Inc. (OTCPINK:GTCH) has started development of a new neuromorphic
microchip project called the CLEVER chip. Aimed at being a hardware support for
its AI software technology, the CLEVER chip will be designed to process vast
data such as media (images, sound) and to respond to changes in that data in
ways not specifically programmed but concluded by the chip's algorithms. Danny
Rittman, GBT’s Chief Technology Officer, explained:
"We
are excited to start this project since we believe it is the future of AI.
Understanding how the human brain works, and modeling microchips after it, is a
great challenge and we believe that we have all the required knowledge and
experience to achieve this goal. Neuromorphic integrated circuits strive to
model the human brain in silicon and process information as billions of neurons
and trillions of synapses would do. It is our goal to design the CLEVER
microchip to 'think' similarly to humans according to neurons based
architecture allowing humanlike intelligent response. The system under
development is being designed to work not by rules-based response but by neural
network modeling and self learning, responding to changing images, sounds, and
the like. That is a true process of learning. We intend to incorporate
brain-alike, advanced neural networks into the CLEVER chip to understand
inputs, run simulations/analytics, understand conditions/situations and make
conclusions.”
Accenture (NYSE:ACN)
has agreed to acquire French data-driven marketing
strategist firm Sutter Mills. The acquisition is expected to enhance Accenture
Interactive’s ability to help clients leverage data to deploy innovative marketing
strategies. A statement from Sutter Mills founders Guillame Cardon, Oliver
Mazeron and Xavier Cardon reads:
“We
created Sutter Mills to be a key business partner for companies by combining a
deep understanding of their strategic business issues with strong expertise in
adtech, martech, data analysis and artificial intelligence. The mastery of
these domains is the reason why many brands have relied on us to support them
in defining and executing their marketing strategies. Joining Accenture Interactive
would be a fantastic opportunity for our teams to develop their expertise on
larger scale and global initiatives, and we are excited about the new
opportunities it would bring.”
Global
Speech and Voice Recognition Market to Hit $26.79 Billion by 2025
A report from Research and Markets finds that the global
Speech and Voice Recognition market will reach $26.79 billion by 2025 with a
compound annual growth rate (CAGR) of 17.2 percent in the forecast period 2019
to 2025. An excerpt from the report description reads:
The
growth of the speech and voice recognition market is driven by the several
factors including rising demand along with growing customer confidence in smart
technologies; increasing demand of voice biometric security system essentially
for monetary transactions; and increasing usage of the voice-based application
for product purchases, shopping, ordering a meal, and playing music among
others. However, certain factors, such as technological challenges to ensure
accuracy in recognizing regional accents; the high price of smart solutions;
and reluctance towards adopting new technologies, specifically among the
elderly population may restrain the market growth to a certain extent.
Sam Mowers,
Investorideas.com
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