#AIEye
#Podcast 653: #Stocks discussed: (OTCPINK: $GTCH) (TSXV: $FOBI.V) #artificialintelligence
GBT
Evaluating NLP Algorithm Model for AI-Based Healthcare Advisory System, and
Fobi AI Signs Deal with Abbot’s Butcher
Global
#AI in #Fintech Market to Reach $46.8B by 2030
Vancouver, Kelowna, Delta, BC – January 28, 2022 – 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/2022/012822-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/01281GTCH-FOBI.asp
Stocks
discussed: (OTCPINK:GTCH) (TSXV:FOBI)
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is evaluating the use of an
advanced NLP (Natural Language Processing) algorithm model to enhance its AI
based healthcare advisory system human interaction experience. Danny Rittman,
the company’s CTO, explained:
"Natural
Language processing (NLP) is currently broadly used for the various tasks
involving sentiment analysis, for example spam email detection, textual/voice
driven virtual assistants, chatbots, and similar. In the last decade, deep
learning technology has become more powerful, allowing larger data and faster
processing models to handle the constantly growing unstructured data. The
amount of unstructured data has become a challenge for information analysis
especially within the NLP arena due to compositional complexity and the demand
for a human-alike interaction. Today's voice and text digital assistants are
expected to efficiently "understand" verbal or textual conversations,
exactly as an in-person interaction. Artificial General Intelligence (AGI) is
our machine learning solution to "understand" the data, reason and
make decisions exactly as a human would do. One of the key challenges for such
a system is to comprehend humans natural language, interpret, and manipulate
it, which is exactly what NLP is. Our Avant! deep neural networks already encapsulate
vast computing power, allowing larger language models with faster processing.
We are seeking new capabilities by combining new NLP models with our current
technology to better "understand" users, their intent, and provide
accurate, well summarized, responses. We are evaluating if the possible
implementation of the T5 model within our Hippocrates healthcare AI system may
produce a much more robust level of user's chat interaction with more
human-like dialog, mainly intuitive. The Hippocrates healthcare advisory system
is aimed to provide first line health related advice and to become an assisting
tool for the general population and healthcare professionals. Its human
interaction aspect, via a robust NLP technology, is one of the most important
features to ensure viable and accurate health related advice information.”
Fobi AI Inc. (TSXV:FOBI) has announced that it has signed a deal with
plant-based protein brand Abbot’s Butcher to provide the latter with its Qples
digital coupon platform. Fobi AI’s CEO Rob Anson said:
“This
deal with Abbot’s Butcher continues our string of success with CPG brands,
however, it is also very exciting as we are beginning to see success and expect
exponential growth in our business in the Health Food Industry. Fobi’s ability
to deliver targeted coupons and promotions through the Qples platform, combined
with the power of personalized real-time engagement through our Passcreator
Wallet pass platform will drive digital transformation in the Health Food
Industry.”
Global
AI in Fintech Market to Reach $46.8B by 2030
A report published by Research and Markets finds that the global AI
in Fintech market is projected to grow from $7.7 billion in 2020 to $46.8
billion by 2030, registering a compound annual growth rate (CAGR) of 19.8
percent in the forecast period. An excerpt from the report’s description
outlines the applicability of AI in the Fintech space:
With
AI, the efficiency of financial processes and the security of money-related
data can be improved massively. For instance, in regard to fraud detection, AI
monitors people’s online transactional behavior so that any deviation and a
potential fraud can be identified in real time and stopped right there.
Moreover,
AI helps in automating several processes in the banking, financial services,
and insurance (BFSI) sector, such as online customer engagement via chatbots,
claims processing, and answering frequently asked questions (FAQs). This not
only allows BFSI companies to reduce their expenditure in hiring humans for
these tasks but also engage these employees in more-important tasks, such as
decision making and strategizing.
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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