#AIEye
#Podcast 569: #Stocks discussed: (OTCPINK: $GTCH) (OTC: $GTXO) (NYSE: $LU)
GBT
Enters LOI with GTX Corp, and Lufax Subsidiary Ping An Puhui Launches
AI-Powered Smart Loan Solution
Global
#Aerospace #AI Market to Reach $5.8B in 2028
Point Roberts WA, Vancouver BC – June 16, 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/2021/061621-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/News/2021/artificial-intelligence/06161GTCH-GTXO-LU.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (OTC:GTXO) (NYSE:LU)
GBT Technologies Inc. (OTC PINK:GTCH) announced that on June 10, 2021
it entered into a Letter of Intent (LOI) with GTX
Corp (OTC:GTXO) to “develop a framework of
cooperation between the companies to evaluate the viability and market size of
the Company's Intellectual Property and product line for worldwide exclusive licensing
rights to manufacture, sell and distribute their products.” GTX is described as
“a pioneer in smart, mobile and wearable GPS tracking and recovery
location-based solutions.” GBT’s CTO Danny Rittman said:
"We
believe this proposed relationship with GTX can improve our go to market
efforts for our IP and products. GTX's proven extensive Global reach,
experience in getting innovative products to market and understanding of our
technology were critical factors in our decision to enter into this agreement.”
Patrick Bertagna, GTX CEO commented:
“My
team and I are excited to have the opportunity to expand our product line and
capabilities with GBT's existing portfolio of products. I believe their
products have the ability to enhance our existing offerings to our worldwide
customers and distribution partners."
Lufax Holding Ltd. (NYSE:LU) has announced that its retail credit
facilitation platform subsidiary, Ping An Puhui, has launched an AI-powered smart loan solution
called Xingyun. The use of AI simplifies the loan application process, which
according to the press release, reduces “the average time spent in a loan
application process for small and micro customers by 44%, to improve their
access to financing.” More specifically, this involves the utilization of AI
imaging technology to “create a remote face-to-face experience throughout the
lending application and service process.”
Global
Aerospace AI Market to Reach $5.8B in 2028
A report published by Allied Market Research finds that the global
Aerospace AI market will grow from $373.6 million in 2020 to $5.8 billion in
2028 with a compound annual growth rate (CAGR) of 43.4 percent in the forecast
period. An excerpt from the report overview reads:
Implementation
of AI in the aerospace sector can allow aircraft manufacturers to reorganize
production of various components and lessen various safety issues at airports.
AI technologies such as machine learning, computer vision, and natural language
processing are capable of bringing dramatic changes across different areas such
as customer service, smart maintenance, product design, pilot training, and
threat identification.
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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