#AIEye
#Podcast 585: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $SSTK) #Artificialintelligence
GBT Considering AI Accelerator for xCalibre, and Shutterstock Announces AI
Subsidiary
Global
Home #Automation Market to Reach $114B by the End of 2025
Point Roberts WA, Vancouver BC – July 28, 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/2021/072821-AI-Eye.mp3
Read
this in full https://www.investorideas.com/news/2021/artificial-intelligence/07281GTCH-SSTK.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:SSTK)
GBT Technologies Inc. (OTC PINK:GTCH) is considering using AI Accelerator technology
for its xCalibre image analysis to significantly enhance its processing speed.
CTO Danny Rittman explained:
"Our
xCalibre system is a huge computing power consumer and we are using our AI
based big data algorithms in it to enable fast processing. Additionally, we are
using advanced computational geometry algorithms to scan, pixelate and analyze
images. As part of our ongoing enhancement efforts and to ensure rapid, real
time processing, we decided to evaluate an additional AI hardware accelerating
system. We aim to adapt our AI algorithms to work with specific hardware that
is especially designed to accelerate neural networks and other AI related
algorithms. The combination of an accelerating hardware with our AI programs is
aimed to produce an ultra-fast performance. We plan to implement the AI
accelerator with our xCalibre imaging due to its computer vision
characteristics. xCalibre is targeted for a real time processing of HD/UHD
videos and images and has cognitive capabilities. As more images and videos are
analyzed the system records the information for future use. One of the interesting
possible applications is a real time surveillance video analysis where it can
detect persons or objects of interest. Another possible application is the
analysis of health-related images like MRI, X-Ray, CT and Ultrasound. These
types of applications require a massive computing power and data handling. We
are making constant efforts to improve and enhance our technology and believe
that a custom AI accelerator will majorly boost xCalibre's performance, making
it an efficient candidate for autonomous vehicles computer vision, health and
security applications.”
Shutterstock, Inc. (NYSE:SSTK) has announced the launch of a new subsidiary,
Shutterstock.AI. In turn, Shutterstock.AI has acquired three leading AI
platforms: Pattern89, Datasine, and Shotzr. Stan Pavlovsky, Shutterstock’s CEO,
explained:
"With
these three acquisitions, Shutterstock.AI will help our customers globally
solve the biggest creative challenge they have -- discovering and selecting the
right content that is relevant, and that resonates with audiences. We want our
customers to create with confidence. To complement this, Shutterstock.AI will
also help new customer segments accelerate the development of artificial
intelligence, by unlocking the power of the data associated with our vast
content library. From autonomous vehicles, to content moderation, to AI powered
process automation, Shutterstock.AI's high quality data and services will
enable companies to develop the next generation of technologies."
Global
Home Automation Market to Reach $114B by the End of 2025
A report published by Fortune Business Insights finds that the
global Home Automation market will grow from $45.8 billion in 2017 to $114
billion by the end of 2025 with a compound annual growth rate (CAGR) of 12.1
percent in the forecast period 2018-2025. An excerpt from the report’s summary
outlines the growth of the North American region:
North
America generated a home automation market revenue of USD 16.4 billion in 2017
and is projected to emerge as the leading region in the global market during
the forecast period. Growth observed in this region is likely to be driven by
increasing mergers between key players & IT companies with an aim to
develop and deploy solutions based on IoT and AI in the USA. Likewise, a high
deploying rate of safety and security solutions in this region is projected to
augment the growth of the market.
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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