#AIEye Episode 462: GBT Technologies’ (OTCPINK: $GTCH) JV GBT Tokenize Corp Concludes qTerm Device Features, and PathAI Selects Digital Realty (NYSE: $DLR) for #AI Workloads
Global
Autonomous Mobile #Robots Market to Grow $2.79 Billion from 2020-2024
Point Roberts WA, Vancouver BC – October 27, 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
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AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:DLR)
GBT Technologies Inc. (OTCPINK:GTCH) has announced that its joint venture, GBT Tokenize
Corp., has concluded the qTerm device's features, with the addition of two
features. The AI-powered qTerm device, which “can be easily attached to the
back of a smartphone or used as a standalone apparatus,” measures the user’s
body temperature, blood oxygen level and heart rate, and alerts the user if any
measurements are deemed a concern. GBT’s CTO, Danny Rittman, explained:
"Originally,
we planned to issue an initial version of the device with body temperature
feature only but we have decided to add two more features that together with
the temperature can provide an essential information for early detection of the
virus. Now, with blood Oxygen level and heart rate, a user can easily identify
early signs of health issues and take some steps. The device mobile app will
support the additional two features recording and analyzing the data. We plan
to expand the device further in the future, adding more features and AI
capabilities."
AI-powered pathology research tech provider PathAI has selected Digital Realty Trust, Inc. (NYSE:DLR), and particularly the latter’s data
hub solution on PlatformDIGITAL to deploy its AI workloads. According to the
press release, “PathAI's platform uses machine learning and deep learning
AI-based techniques to assist pathologists' research as part of the teams who
develop new medicines for the treatment of diseases like cancer.” Don O'Neill,
Vice President of Engineering at PathAI, explained the decision to work with
Digital Realty:
"Despite
our background as a cloud-native company, we realized that we could really
benefit from a hybrid cloud infrastructure. We initially deployed with Digital
Realty given their cost benefits and flexible options, but the biggest and most
surprising advantage we've seen is the increase in performance and capacity.
Since deploying on PlatformDIGITAL, our complicated workloads are running three
to four times faster in a hybrid data center environment than purely in the
cloud – a critical differentiator that significantly improved the productivity
of our machine learning engineers."
Global
Autonomous Mobile Robots Market to Grow $2.79 Billion from 2020-2024
A report published by Technavio finds that the market for Autonomous
Mobile Robots has potential to grow by $2.79 billion from 2020-2024, during
which time it is forecasted to register a compound annual growth rate (CAGR) of
over 20 percent. An excerpt from the report summary outlines key drivers
observed in the market:
The
forecast period is expected to witness an increase in demand for autonomous
mobile robots because they offer a good ROI compared to systems such as
forklifts that have been traditionally used in manufacturing and
non-manufacturing environments. One of the major factors that drive the
preference of autonomous mobile robots over forklifts and human labor is the
drop in the cost of equipment, components such as sensors, and the cost of
integration along with the time required for integration. The adoption of
advanced technologies such as machine learning logic, human-machine
collaboration, and environmental analysis technologies and the adoption of
automation and robotics due to the rise in labor costs and stringent
regulations regarding difficult working conditions to prevent musculoskeletal
disorders are driving the growth of autonomous mobile robots.
Sam Mowers, Investorideas.com
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