#AIEye
#Podcast 534: #Stocks discussed: (OTC: $GTCH) (NYSE: $ENVA)
GBT
Seeks to Develop New EDA #Tech for Improved IC DFM and Enova International
Acquires Pangea Universal Holdings
Global
#AI in #Genomics to Reach $1.671B by 2025
Point Roberts WA, Vancouver BC – March 19, 2021 – 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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https://www.investorideas.com/Audio/Podcasts/2021/031921-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2021/artificial-intelligence/03191GTCH-ENVA.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:ENVA)
GBT Technologies Inc. (OTC PINK:GTCH) is seeking to develop a new EDA (Electronic
Design Automation) technology to achieve IC's better DFM (Design For
Manufacturing) analysis. Danny Rittman, GBT’s CTO, explained:
“Ultimately
all physical aspects of a microchip design affect each other and have mutual
implications. Therefore, our approach is to address them together within one
integrated analysis, including their dependencies. We believe that this is the
best way to deliver a comprehensive, effective DFM aware solution. By taking
into effect the IC's design area, the DRC and the DFM recommended rules we aim
to significantly improve the yield, especially for deep nanometer nodes like
5nm and below. With this approach, we target to implement machine learning IC
physical layout statistical modeling for critical areas analysis and other
manufacturing related topics. We truly believe that only by addressing these
topics as one homogenous EDA solution, an effective signoff design for DFM can
be achieved.”
AI and machine learning-powered fintech firm Enova
International, Inc. (NYSE:ENVA) announced that it has acquired Chicago-based payments platform
Pangea Universal Holdings. According to the press release, Pangea boasts a
“powerful, easy-to-use mobile application provides secure, fast and affordably
priced international money transfer from the U.S. to 40 countries with a focus
on Latin America and Asia.” David Fisher, Enova's CEO, commented:
"We're
excited to bring our experience managing online financial technology businesses
to the platform Pangea has developed. Their success focusing on providing
choice and control to hardworking people will be an important addition to
Enova's existing businesses. Enova will bring market-leading capabilities
around high-volume transactions, marketing, mobile customer experience and,
most importantly, machine learning and artificial intelligence."
Global
AI in Genomics to Reach $1.671B by 2025
A report published by Research and Markets finds that the global AI
in Genomics market is expected to grow from $202 million in 2020 to $1.671
billion by 2025 with a compound annual growth rate (CAGR) of 52.7 percent in
that forecast period. An excerpt from the report description reads:
The
need to control drug development and discovery costs and time, increasing
public and private investments in AI in genomics, and the adoption of AI
solutions in precision medicine are driving the growth of this market. However,
the lack of a skilled AI workforce and ambiguous regulatory guidelines for
medical software are expected to restrain the market growth during the forecast
period.
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 of Internet of Things (IoT), Artificial Intelligence (AI) and
Enabled Mobile Technology Platforms used to increase IC performance. GBT has
assembled a team with extensive technology expertise and is building an
intellectual property portfolio consisting of many patents. GBT’s mission, to
license the technology and IP to synergetic partners in the areas of hardware
and software. Once commercialized, it is GBT’s goal to have a suite of products
including smart microchips, AI, encryption, Blockchain, IC design, mobile
security applications, database management protocols, with tracking and
supporting cloud software (without the need for GPS). GBT envisions this system
as a creation of a global mesh network using advanced nodes and super
performing new generation IC technology. The core of the system will be its
advanced microchip technology; technology that can be installed in any mobile
or fixed device worldwide. GBT’s vision is to produce this system as a low
cost, secure, private-mesh-network between any and all enabled devices. Thus,
providing shared processing, advanced mobile database management and sharing
while using these enhanced mobile features as an alternative to traditional
carrier services.
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