#AIEye Episode 446: GBT (OTCPINK: $GTCH) Receives Patent Notice of Allowance and IBM (NYSE: $IBM) Launches Watson Advertising Suite of #AI Solutions
Global
Cognitive Collaboration Market to Reach $4.235 Billion by 2028
Point Roberts WA, Vancouver BC – October 5, 2020 – 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) (NYSE:IBM)
GBT Technologies Inc. (OTCPINK:GTCH) has received a notice of allowance for its System
and Method of Mobile Database Management and Sharing patent, and expects a
granted date during the next three months. The company’s CTO, Danny Rittman,
explained the patent:
"We
are pleased to announce that one of our most prestigious patents has been
granted. We believe our database sharing and management system is a
breakthrough solution expected to provide additional security by processing the
information according to advanced packets-segmentation algorithms. Especially
nowadays, when the world is flooded with wired and wireless networks, our
database system is capable of providing one of the highest security protocols,
handling vast amounts of information over networks. In addition, our system is
designed to significantly increase the network's communication speed and overall
performance. We believe this is essential for IoT/Mobile, real-time
applications including autonomous machines, military/security applications and
medical systems. The system is designed to support media, textual and
graphic/imaging information types with the goal of enabling high performance
and secured processing. GBT is targeting this technology to be used within its
future medical AI development and it will work with its proprietary integrated
circuit (IC) technology within IoT/mobile devices. Further, GBT's database
management system is targeted to be governed by our Avant! AI engine to ensure
integrity, reliability and security. The patent protects the system's key
methodologies, concepts and approaches and we hope to receive the official
granting date during the next three months."
IBM (NYSE:IBM) has announced the IBM Watson Advertising suite of
AI solutions aimed at allowing “brands to reach consumers while considering
user privacy.” This suite includes AI-enabled capabilities such as enhanced
video and OTT (Over-the-top) capabilities, advertising efficacy measurement,
and more. Bob Lord, SVP, Cognitive Applications and Blockchain, IBM, explained:
"While
the advertising industry strives to re-emerge strong from the global economic
and societal issues we faced this year, it's also deep in the throes of a major
transformation with changes to mobile identity, certain elimination of
third-party cookies, compliance and regulatory shifts and increased demand for
trust and transparency. We believe AI will be the 'backbone' of the new era as
the industry prepares for the next generation of advertising. We're using AI to
help solve problems across the advertising industry, just like IBM has in
countless other industries like Healthcare, Financial Services and Retail. Our
work will be a step forward in our evolution to meet the advertising industry's
upheaval, and we are proud to help the advertising industry advance with the
value of AI."
Global
Cognitive Collaboration Market to Reach $4.235 Billion by 2028
A report published by Adroit Market Research finds that the global
Cognitive Collaboration market will reach $4.235 billion by 2028. According to
the report’s summary, cognitive collaboration “integrates artificial
intelligence (AI), natural language processing (NLP), and advanced algorithms
in hardware, software, and cloud analytics,” and “facilitates new intelligence
levels along with insights to enhance human management as well as teamwork.” An
excerpt from the report description reads:
The
demand for the cognitive collaboration market globally to witness considerable
growth in the coming five years. It includes the practice of implementing
thinking and behavioral preferences to create an environment encouraging high
quality as well as frequent collaboration. It incorporates enterprise content,
artificial intelligence, and data insights along with analytics to offer
contextual significance to the organizational meeting, team collaboration,
calling, and contact center communications. Cognitive collaboration uses cloud
and deep analytics to facilitate new levels of insight and intelligence to
enhance teamwork and human engagement.
Sam Mowers, Investorideas.com
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