#AIEye
#Podcast 624: #Stocks discussed: (OTCPINK: $GTCHD) (NYSE: $AI) (NYSE: $RDS-B) #artificialintelligence
GBT
Starts Development of Tracking for Infinia, and C3 Announces Three New
AI-Powered Shell Products
Global
#AI in #Fintech Market to Reach $46.8B by 2030
Point Roberts WA, Vancouver BC – November 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:GTCHD).
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/111021-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/11101GTCHD-AI-RDSB.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCHD) (NYSE:AI) (NYSE:RDS-B)
GBT Technologies Inc. (OTC PINK:GTCHD) has announced that it has now started the
development of an application-specific, secured, wireless protocol for tracking
implementation of its Infinia Long Range Radio System. The company’s CTO, Danny
Rittman, explained:
"As
we are working on designing a tracking application using our Infinia Long Range
Radio, a high level of cybersecurity technology is needed to protect its
sensitive data. Along with high performance network operation requirements,
extra attention is needed to protect the network's data; particularly with
tracking system implementation. We plan to evaluate a few encryption methods,
among them is an AES based algorithm. The Infinia System is composed of radio
operated components, including base, mobile and repeater units; we plan to
ensure a secured, adequate network interoperability functionality. Data
encryption algorithms have the capability of preventing unauthorized disclosure
of sensitive information, yet, it's not enough. Especially with today's
wireless networks vulnerabilities we plan to integrate our AI system to manage
and supervise the security protocol. Additionally, the intelligent system will
be performing on-going scanning, constantly searching for possible intrusion or
unauthorized access. In light of today's wireless networks potential security
risks and interoperability challenges, a machine learning cryptography module
will be protecting the internal network communication with high performance and
reliability.”
C3 AI (NYSE:AI) and Shell (NYSE:RDS-B) have announced that three new Shell products that
will be available through the Open AI Initiative (OAI), described in the press
release as “an open ecosystem of artificial intelligence (AI)-based solutions
for the energy and process industries.” Dan Jeavons, Vice President Computational
Science and Digital Innovation at Shell said:
"The
products announced today have already been deployed at Shell and have been
proven to either create operational efficiencies and savings or generate
additional revenue and opportunity. As more products are added to the growing
OAI eco-system, we look forward to working with C3 AI, Baker Hughes, and the
other ecosystem partners to build the next-generation platform for the future
energy system."
Global
AI in Fintech Market to Reach $46.8B by 2030
A report published by Prescient & Strategic Intelligence finds that the global AI in Fintech
market, which was valued at $7.7 billion in 2020, is expected to grow to $46.8
billion by 2030 with a compound annual growth rate (CAGR) of 19.8 percent in
the forecast period. An excerpt from the report’s description outlines the
impact of the COVID-19 pandemic on the market:
The
COVID-19 pandemic had negatively impacted the market in the first two quarters
of 2020. However, post lockdown, it has been witnessed that financial
institutions are adopting AI solutions to reach maximum potential customers and
streamline their operational activities, with a focus on optimizing operational
cost and time and integrating their workflow with new COVID norms. The interest
of banks and other financial institutions in adopting ML and data science has
continued and increased throughout the COVID-19 crisis.
Sam Mowers, Investorideas.com
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