#AIEye
#Podcast 554: #Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $VERI)
GBT
Begins Researching HF Antenna System, and Veritone Announces Enhancements to
AI-Enabled Digital Media Hub
Global
#AI in #Telecom to Reach $6.3B by 2026
Point Roberts WA, Vancouver BC – May 10, 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).
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/051021-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/05101GTCH-VERI.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NasdaqGS:VERI)
GBT Technologies Inc. (OTC PINK:GTCH) is researching an HF antenna system for its long
range radio prototype design. The company’s CTO, Danny Rittman, explained:
"We
are investing vast efforts in our Infinia antenna system to choose an optimal
solution, enabling a long distance, reliable data and voice communication. The
antenna system is targeted to operate in challenging weather and terrain
conditions. It is well known that RF communication is significantly affected by
weather conditions, ionosphere conditions and terrain, and using an efficient
antenna technology is crucial to enable reliable and steady communication at
all times. Inifinia long range radio is aiming for a wide variety of essential
applications among them are remote location telemedicine, emergency response
and military purposes and therefore must be a dependent, fail-safe
communication system. The fact that the system enables audio and data communication
we believe enables a wide variety of possibilities for health, scientific,
civil and military applications. An efficient antenna system is one of the most
important system's components and plays a key role in its overall performance.
We are going to research for the most suitable antenna system to achieve
optimal, high performance and reliable operation.”
Veritone, Inc. (NasdaqGS:VERI) has announced significant enhancements to its
cloud-native, AI-enabled media management platform, Veritone Digital Media Hub,
which is powered by aiWARE, the company’s operating system for artificial
intelligence. Veritone’s President, Ryan Steelberg, explained:
"Our
enhancements to Digital Media Hub, coupled with the power of aiWARE, will give
current and future media and entertainment customers a new way to visualize,
edit, and engage with their content and its associated data. This will provide
them with greater control over their content by increasing the accuracy of how
their content is tagged, giving them more ways to export it, and helping them
stay on top of what is currently available in their library, which will
culminate into more licensing and revenue opportunities. Additionally, these
new capabilities have piqued the interest of our state and federal government
customers too, and we look forward to expanding the value of Digital Media Hub into
those markets as well."
Global
AI in Telecom to Reach $6.3B by 2026
A report published by Research and Markets finds that the global AI
in Telecommunications market, which is estimated to be $1.2 billion in 2021,
will grow to $6.3 billion by 2026 with a compound annual growth rate (CAGR) of
38 percent. An excerpt from the report’s description outlines trends influencing
the growth of the market:
Key
factors such as the advent of 5G technologies in mobile networks, growing
demand for effective and efficient network management solutions have been
driving the overall AI in the Telecommunication market growth. Increasing
AI-embedded smartphones and the growing adoption of AI solutions in various
telecom applications are likely to further drive market growth. Telecom vendors
commonly use AI for customer service applications, such as chatbots and virtual
assistants, to address many support requests for installation, maintenance, and
troubleshooting. To improve customer experience, telecom operators are adopting
AI.
Conversely,
incompatibility between telecommunication systems and AI technology, which
leads to integration complexity in these solutions, is the major restraint for
the market growth. Also, the lack of skilled expertise and privacy &
identity concerns of individuals are some other factors hindering the market
growth.
Sam Mowers, Investorideas.com
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