#AIEye
#Podcast 603: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AI) (NYSE: $BKR)
#Artificialintelligence
GBT
Files Patent Application for Apollo Motion Detection Method System, Baker
Hughes and C3 AI Deploy BHC3 AI Application at MEG Energy
Global
#AI in #IoT Market to Reach $16.2B by 2024
Point Roberts WA, Vancouver BC – September 15,
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/2021/091521-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/09151GTCH-AI-BKR.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:AI) (NYSE:BKR)
GBT Technologies Inc. (OTC PINK:GTCH) has filed a non-provisional patent application
with the U.S. Patent and Trademark Office (USPTO), with fast-track request, for
a motion and position detection method system. Code-named Apollo internally,
the system leverages “AI technology that controls the radio waves transmission
and analyzes the reflections, constructing 2D/3D images in real time.” Danny
Rittman, the company’s CTO, explained:
"This
patent covers electromagnetic waves technology to enable "seeing"
people and objects through walls and other mediums. We see a great opportunity
for the system in the health domain as a wearable-less monitoring system. For
example, it can monitor a house or a hospital's residents for health vitals,
emotional state and detect emergencies like falls, all without wearing any
warning devices. The technology is practically a wireless computer vision
system and works in real time. Enabling larger range makes the system an
effective "eye" for autonomous vehicles, aircraft, and robotics.
Apollo is based both on radio hardware and machine learning technology. Via
rapid analysis of an RF data, Apollo can identify humans and objects,
constructing computerized images and motion in real time. Its capability to
detect tiny rhythms, positions and motions makes it a perfect tool for a
driver's monitoring system ensuring passenger's safety. We greatly believe that
the Apollo system can offer major advancements in the health, security and
safety domains and consider it as one of our major IPs.”
C3.ai, Inc. (NYSE:AI) and Baker Hughes Company (NYSE:BKR) have announced the successful
deployment of the BHC3 Production Optimization enterprise AI application at MEG
Energy, an Alberta, Canada-based energy company, to “improve operational
efficiency, productivity, and to better visualize risk across the company’s
upstream production operations.” Ed Abbo, CTO of C3.ai, said:
"Extracting
significant economic value from complex production data requires enterprise AI.
The BHC3 Production Optimization application, powered by the underlying
capabilities of the BHC3 AI Suite, is tried, tested and proven to deliver
predictive intelligence at scale to increase productivity, reduce risk, and
help meet the environmental targets that are critical to ensuring future energy
and climate security."
Global
AI in IoT Market to Reach $16.2B by 2024
A report published by Markets and Markets finds that the global AI
in IoT market is projected to grow from $5.1 billion in 2019 to $16.2 billion
by 2024, registering a compound annual growth rate (CAGR) of 26 percent in the
forecast period. An excerpt from the report’s description outlines factors
influencing the market’s growth in different regions:
North
America is expected to hold the largest market size in the global AI in IoT market,
while Asia Pacific (APAC) is expected to grow at the highest CAGR during the
forecast period. In APAC, the highest growth rate can be attributed to the
heavy investments made by private and public sectors for enhancing their AI and
IoT technologies, resulting in the increased demand for AI in IoT solutions for
gaining customer insights in real time. North America is expected to be the
leading region in terms of adopting and developing AI in IoT. The growing
investments in AI and IoT technologies, increasing presence of AI in IoT
vendors, and rising government spending on innovative technologies such as AI
in IoT are expected to contribute to the market growth during the forecast
period.
Sam Mowers, Investorideas.com
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