The
#AIEye: GBT (OTCPINK: $GTCH) Receives Innovation Opinion for 3D Microchip
Patent and Accenture (NYSE: $ACN) Agrees to Acquire Mudano
Global
LegalTech #AI Market to See CAGR of 37.7% from 2019-2027
Point Roberts WA, Vancouver BC – February 4, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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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 received an innovative opinion for its 3D
microchip patent from a patent cooperation treaty (PCT). According to the press
release, “A positive opinion is a professional examiner's analysis of the
patent's claims.” GBT’s CTO, Danny Rittman, explained:
"This
is exciting news regarding our 3D IC invention as we believe it could be used
to create a new dimension for the integrated circuits arena. The patent seeks
to protect new architectural and silicon structural approach in order to
implement more devices on silicon in order to achieve more on-board circuits
with higher performance. The invention covers FinFet technology and
conventional CMOS technologies. With this new structural method, we aim to
create new capabilities for IC designers, enabling [a] vast amount of circuits
on one chip. This means more on-board features and smarter ICs especially when
it comes to AI and storage microchips like memory and SSD (Solid State Drive).
The invention covers new wafer-fab manufacturing disciplines for ICs processes
as they have currently reached their physical limitations, enabling smaller
chips yet with [a] larger device number. We expect the new concept to result in
higher yield and performance while significantly lowering the circuit's power
consumption. The patent covers multi-planetary structures, which we believe
will create a new standard in this domain.”
"The
IC industry has reached its limit for physical device placements on chips and
needs a quantum leap in order to maintain the constant demand for additional
on-board features and capabilities. We believe this patent offers a
breakthrough approach to enhance exponentially ICs' physical limits with
numerous capabilities for smart applications."
Accenture (NYSE:ACN)
has agreed to acquire Mudano, “a strategic data
consultancy to U.K. financial services firms”, which, according to the press
release will enhance its “analytics, data and artificial intelligence (AI)
transformation capabilities.” The Mudano team will be absorbed into Accenture
Applied Intelligence, a leader in AI vendor services, which in the past several
months “has acquired Clarity Insights, Pragsis Bidoop and Analytics8.” Athina Kanioura, chief analytics
officer and global lead, Accenture Applied Intelligence, commented:
"Our
acquisition momentum in Applied Intelligence over the past six months enables
us to deliver AI at scale to clients around the world across a range of
industries. By bringing new talent and capabilities into our business, we
complement our ongoing organic growth strategy and increase our speed to
market."
Now, Accenture’s stock is up nearly three percent at
press time, but it is unclear if this is related to the news discussed above.
According to Yahoo!, much of the market is still in the midst
of enjoying a rebound rally from the downtrend seen over the weekend.
Global
LegalTech AI Market to See CAGR of 37.7% from 2019-2027
A report from Absolute Markets Insights finds that the global
LegalTech AI market, which saw revenue of $3.245 billion USD in 2018, will
witness a compound annual growth rate (CAGR) of more than 37.7 percent in the
forecast period 2019-2027. An excerpt from the Industry Trends section of the report description reads:
The
legaltech artificial intelligence has applications such as document management
system, e-discovery, practice and case management, e-billing, contract
management, IP management, legal research, legal analytics, cybersecurity,
predictive technology, and compliance. The legal research segment holds the
major share of 19% in [the] global legaltech artificial intelligence market and
is expected to grow with a CAGR of 35.79%. The growing IP fillings around the
world will boost the IP management segment over the forecast period owing to
the benefits of AI powered legaltech to efficiently tackle the burden of
complex and lengthy procedures of IP management. For instance, according to
World Intellectual Property Organization’s annual report, 3.3 million patent
applications were filed in 2018 with consecutive rise of 5.2% from [the] past 9
years. Thus, global legaltech artificial intelligence market will grow owing to
practices used in protection and management of the increasing legal filings in
[the] IP sector.
Sam Mowers, Investorideas.com
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