#AIEye Episode 466: GBT (OTCPINK: $GTCH) and JV Partner Alpha EDA Commence IC Design Productivity Enhancement Development, and National Grid (NYSE: $NGG) Invests in Two #AI Startups #artificialintelligence #technology
Global
Wearable AI Market to Reach $42.34 Billion by 2026
Point Roberts WA, Vancouver BC – November 2, 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:NGG)
GBT Technologies Inc. (OTC PINK:GTCH), along with its joint
venture partner Alpha EDA, has announced that it has commenced the development
of IC design productivity enhancement algorithms and methods. This technology
aims to “accelerate microchips design process with a focus on advanced nodes of
7nm and below,” according to the press release. GBT’s CEO, Danny Rittman,
explained:
"Design
houses spend months and hundreds of millions of dollars to verify and tweak
their designs in order to comply with the process's complex geometrical and
electrical rules. Introducing advanced design rules automatic correction
technology, within a wide range of arenas, will significantly shorten IC design
time and therefore enable faster design and manufacturing of microchip, with
higher performance and reliability. We are interested in commercializing this
technology into a set of software tool's suite that will include our AI
algorithms and methods. This technology will include our recent 3D IC patent
implementation in order to enable the design and manufacturing of larger chips.
We believe that our technology will be a game changer when it comes to an IC
design productivity enhancement and will enable the design of larger and
smarter chips, with higher reliability and performance."
National Grid Partners (NGP), the investment and
innovation arm of National Grid plc (NYSE:NGG),
has invested in two data analytics startups that
employ artificial intelligence to protect critical infrastructure and reduce
costs for customers. The two startups are: Aperio Systems, “which uses AI and
machine learning (ML) to analyze and monitor industrial sensor data in real
time,” and AiDash, which “uses high-resolution satellite imagery coupled with
AI to help utility and energy customers transform operations and maintenance
activities like vegetation management, remote monitoring and disaster
management.” Lisa Lambert, the company’s Chief Technology and Innovation
Officer, as well as the founder and president of NGP, said:
"National
Grid’s ambition is to become the most intelligent transmission network in the
world. We are investing in and deploying technologies across our networks to
enhance resilience and reliability, while more easily integrating clean
energy."
Global
Wearable AI Market to Reach $42.34 Billion by 2026
A report published by Zion Market Research finds that the global
Wearable AI market will grow from $10.11 billion in 2019 to $42.34 billion by
the end of 2026, exhibiting a compound annual growth rate (CAGR) of 21.2
percent in the forecast period 2020-2026. An excerpt from the report summary
outlines some factors driving the market:
Wearable
Artificial intelligence device[s] will have a huge demand for the forecasted
years. High demand for consumer electronic[s] from the young generation are one
of the major factors promoting the growth of the market. In addition, rapid
technological advancement and penetration of technology in [the] healthcare
sector further boost the demand of the market. Rising sales of mobile phone[s]
in countries like India and China are a major driving factor for the growth of
the market. Rapid penetration of 5G technology followed by government funding
will further help the market into the double digit trend.
Sam Mowers, Investorideas.com
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