The
#AIEye: GBT (OTCPINK: $GTCH) Announces Deployment of Avant! #AI Into Sports
Handicapping and AWS (NasdaqGS: $AMZN) Partners with #NFL
Global
#AI in BFSI Market to Reach $247.36 Billion by 2026
Point Roberts WA, Vancouver BC – December 6, 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) (NasdaqGS:AMZN)
GBT Technologies Inc. (OTCPINK:GTCH) is deploying its Avant! AI into the field of
Sports Handicapping. The implementation of recurrent relational reasoning (used
in Recurrent Relational Networks - RRN) within the next months will allow Avant!
“a logic analysis boost to handle vastly complex information and data
interpretation’, according to the press release. An excerpt from the release
reads:
GBT's
new pilot project to deploy the new set of algorithms into Sports Handicapping
will try to cope with a "human-based industry" via an AI platform to
pick certain games from existing lines published by main betting providers.
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN),
has partnered with the National Football League
(NFL) to advance player health and safety using the former’s “artificial
intelligence (AI) and machine learning (ML) services to provide a deeper and
more profound understanding of the game than ever before”. Andy Jassy, CEO of
AWS, explained:
"By
leveraging the breadth and depth of AWS services, the NFL is growing its
leadership position in driving innovation and improvements in health and player
safety, which is good news not only for NFL players, but also for athletes
everywhere. This partnership represents an opportunity for the NFL and AWS to
develop new approaches and advanced tools to prevent injury, both in and
potentially beyond football."
Global
AI in BFSI Market to Reach $247.36 Billion by 2026
A report from Allied Market Research finds that the global AI
in BFSI (banking, financial services and insurance) market will grow from
$17.76 billion in 2018 to $247.36 billion in 2026 with a compound annual growth
rate (CAGR) of 38 percent in the forecast period. An excerpt from the report
overview reads:
Proactive
customer experience by automating backend process to reduce human error, with
the help of AI, is expected to drive the growth of the AI in BFSI market. In
addition, chatbots and robo-advisors for financial products and smart wallets
are some of the factors that fuel the market growth. Furthermore, fraud
detection, risk mitigation, back-end office works with thousands of people
processing customer requests are improved with the help of AI enabled
technologies such as chatbots, machine learning, and other such technologies,
which boosts the growth of the market. However, higher cost for implementation
of AI technologies, rise in security concerns, and inadequacy of trust while
issuing customer data is expected to restrain the market growth.
Sam
Mowers, Investorideas.com
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