The
#AIEye: GBT Files (OTCPINK: $GTCH) Continuation Application for Microchip
Patent, NTT Partners with Mitsubishi for #AI-Powered Food Distribution
Global
#AI in Fashion Market to Reach $4.391 Billion by 2027
Point Roberts WA, Vancouver BC – December 31, 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (TYO:9432) (TYO:8058)
GBT Technologies Inc. (OTCPINK:GTCH) filed a continuation application for its
communication microchip patent for its GopherInsight on December 27, 2019, in
order to further protect its innovative concepts and methods. The patent is
expected to be granted during the first quarter of 2020. Danny Rittman, GBT's
CTO, explained:
"The
microchip is targeted to be implemented as an independent IP unit on an
existing chip or on device's micro SIM/Board. We believe this creates an entire
whole world of business opportunities licensing it to IC design firms and
devices manufactures. The new microchip systems and methods will enable the
design of high performance, low power, robust communication microchips that
will enhance our daily lives within wide variety of domains. The technology
covers advanced node manufacturing to ensure low unit cost and high silicon
yield. GBT plans to offer this technology to IC design houses once the patent
is granted, and to seek partnerships within the communication IoT industry in
order to create new technological advancements."
Nippon Telegraph and Telephone Corporation (NTT) (TYO:9432) and trading house Mitsubishi
Corporation (TYO:8058) are partnering to provide AI and
digital services to the food distribution industry, according to a recent
report from Nikkei Asian Review. The initiative will
employ AI analysis to “predict demand” and image recognition technology”to
classify products”. An excerpt from the article reads:
NTT
has been working on AI research in a groupwide effort. By teaming up with
Mitsubishi, which has domestic food wholesaler Mitsubishi Shokuhin and
convenience store chain Lawson under its umbrella, NTT hopes to recruit
companies in a wide range of industries.
The
partners plan to license their digital product management system to others,
with an eye on logistics operations in such fields as construction materials.
NTT targets hundreds of billions of yen in annual sales.
Global
AI in Fashion Market to Reach $4.391 Billion by 2027
Research from ReportLinker finds that the global AI in
Fashion market will grow from $270 million in 2018 to $4.391 billion by 2027
with a compound annual growth rate (CAGR) of 36.9 percent in the forecast
period. An excerpt from the report summary reads:
Driving
factors such as availability of massive amount of data due to increasing
proliferation of digital services across the globe, and real time consumer
behavior insights and increased operational efficiency are driving the adoption
of AI in [the] fashion industry will drive the market during the forecast
period and have a high impact in the short term. However, factors such as
concerns related to data privacy and security is anticipated to hinder the
market growth in the coming years.
AI
integration in fashion plays a crucial role in sales, marketing, and customer-focused
purposes.Initial adopters point toward the key impacts of technology in
improving customer experience and decent growth in company revenue.
Sam Mowers, Investorideas.com
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