#AIEye
#Podcast 600: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $WFC)
GBT
Concludes Large-Scale Testing for qTerm Gen III and Wells Fargo Launches
AI-Powered “Integrated Receivables”
Global
#AI Market to Reach $171.02B in 2025
Point Roberts WA, Vancouver BC – September 8, 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/2021/090821-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/09081GTCH-WFC.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:WFC)
GBT Technologies Inc. (OTC PINK:GTCH) has announced the conclusion of large-scale
testing for its qTerm GEN III prototype human vital signs device device. This
third generation release, according to the press release, boasts “a series of
enhancements for higher accuracy, consistency, and visual feedback to support broader
user's usages and behaviors.” CTO Danny Rittman explains:
"GEN
III version improvements will significantly increase the device's overall
performance, accuracy, and consistency, and with its accompanied web
application widget, it can offer a real time medical information observation in
remote places or simply from home. Our Artificial Intelligence technology is
aimed to process the widget data and provide 24/7 medical monitoring in a later
stage. The web widget will be soon available on qTerm's website at
www.qterm.me. As a courtesy for the public, we will provide a demo device data
for demonstration purposes. During the next few months we plan to conclude the
qTerm device and approach potential domain for its commercialization. We
believe that this type of technology can become an essential health monitoring
assistant at any time and place, keeping our lives healthier and safer.”
Wells Fargo & Company (NYSE:WFC) has launched a new Accounts Receivable (AR)
service called Integrated Receivables, which leverages artificial intelligence,
machine learning, and robotic processing to “help simplify payment and
remittance data capture, re-association, and invoice matching.” Danny Peltz,
head of Treasury Management & Payment Solutions for Wells Fargo, explained:
"Integrated
Receivables allows our clients to spend less time working on piecing together
payments data and more time focusing on their core business objectives. By
automating the capture of payments and the matching of funds to invoices,
Integrated Receivables can help produce significant operational cost savings,
reduce the risk of incomplete or inaccurate data entry, and accelerate cash
flow."
Global
AI Market to Reach $171.02B in 2025
A report published by Research and Markets finds that the global
market for AI is projected to grow from an estimated $51.56 billion in 2021 to
$171.02 billion in 2025, registering a compound annual growth rate (CAGR) of 35
percent in the forecast period. An excerpt from the report’s summary outlines
factors influencing the market’s growth:
Growing
investment in AI technologies contributed to the growth of the Artificial
intelligence market. Many companies are investing in AI technologies or AI
start-ups to increase the efficiency of AI software as AI enables them to make
more informed decisions and achieve better results. For instance, Microsoft has
invested around $1 billion in OpenAI, a San Francisco company. The two
companies had formed a partnership to develop AI supercomputing technologies on
Microsoft's cloud Azure. AI is useful across multiple sectors. For instance, AI
can lead to breakthroughs in R&D and diagnostics in the healthcare sector,
it can help make better forecasts in finance, and in manufacturing, it can
increase production controls and efficiency. Therefore, the rise in investment
in AI technologies due to its advantages in every sector is driving the market
for the Artificial Intelligence market.
Sam Mowers, Investorideas.com
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