#AIEye #Podcast Episode 491: GBT (OTCPINK: $GTCH) Files Non-Provisional Patent for ALU Microchip and Centene Corporation (NYSE: $CNC) Completes Acquisition of Apixio; #artificialintelligence
Global
Image Recognition in Retail Market to Reach $3.7 Billion by 2025
Point Roberts WA, Vancouver BC – December 8, 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 – featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).
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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:CNC)
GBT Technologies Inc. (OTC PINK:GTCH) filed, on December 2, 2020, a non-provisional
patent with the United States Patent and Trademark Office seeking to protect
certain intellectual property covering a new approach of Arithmetic Logic Unit
(ALU) microchip. Danny Rittman, GBT's CTO, explained:
“We
are aiming to break the ultimate limitations of our traditional, decimal/binary
approach within ALU by introducing new calculation methods. In order to keep up
with the growing demand for high performance computing, hardware engineers are
looking to alternatives like Graphics Processing Units (GPUs) and Tensor
Processing Units (TPUs) which are mainly based on parallel computing to execute
more instructions at once rather than do basic operations faster. As Moore's
Law is fading away, high performance computing will require a conceptual shift.
As part of our R&D constant efforts to find new methods to improve our
computing world, especially for advanced machine learning algorithms, we are
seeking to develop new ideas with the goal of enabling high performance
Arithmetic/Logic processing. The patent application seeks to protect a system
and method. In parallel to filing the patent application, we plan to design an
experimental, proof-of-concept microchip and test its performance against
traditional ALUs."
Centene Corporation (NYSE:CNC) has completed its acquisition of Apixio, a
healthcare analytics company offering AI technology solutions. According to an earlier press release, “Apixio provides a
technology suite that mines, compiles and analyzes large volumes of disparate,
unstructured patient data (such as physician notes and medical charts), and
creates and refines algorithms to extract high-quality insights to support
payers' and providers' administrative activities.” Michael F. Neidorff,
Chairman, President and CEO of Centene, said:
"We
are pleased to have completed our acquisition of Apixio, further solidifying
our position as a technology company focused on healthcare. I would like to
officially welcome the Apixio team to the Centene family and look forward to
working together to leverage comprehensive data to help improve the lives of
our members."
Global
Image Recognition in Retail Market to Reach $3.7 Billion by 2025
A report published by Research and Markets finds that the global
Image Recognition in Retail market will grow from $1.5 billion in 2020 to $3.7
billion by 2025 with a compound annual growth rate (CAGR) of 20 percent in that
forecast period. The report description identifies key drivers in the market as
being the “Need to Increase On-Shelf
Availability, Enhance Customer Experience, and Maximize ROI, Increasing the Use
of Image Recognition Applications,” the “Increasing Use of High Bandwidth Data Services,” and the “Increasing Demand for Security Applications
and Products Enabled with Image Recognition Functions.”
Sam Mowers, Investorideas.com
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About
GBT Technologies Inc.
GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com)
is a development-stage company which considers itself a native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled
mobile technology platforms. GBT has a
portfolio of Intellectual Property that, when commercialized, will include
smart microchips, mobile and security applications and protocols, and
supporting cloud software. GBT’s system
envisions the creation of a global mesh network. The core of the system will be its advanced
microchip technology that can be installed in any mobile or fixed device
worldwide. GBT envisions this system as a low-cost, secure, private mesh
network between any enabled devices, providing shared processing, advanced
mobile database management/sharing and enhanced mobile features as an alternative
to traditional carrier services.
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