#AIEye
#Podcast 735: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $MAXR) #artificialintelligence
GBT Receives Notice of Publication for AI-Driven
Fintech Patent, and Maxar Technologies Acquires AI Firm Wovenware
Global
Edge #AI to Reach $70B by 2032
Vancouver, Kelowna, Delta, BC – November 4,
2022 – 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/2022/110422-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/11041GTCH-MAXR.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and
advancements in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:MAXR)
GBT Technologies Inc. (OTC PINK:GTCH) has received a notice of publication for its
financial software patent application, which seeks to protect a secured, AI
driven, credit card consolidation and management system and method. The
company’s CTO, Danny Rittman, explained further:
“The
invention prioritizes the usage of user's credit cards according to their
characteristics. It learns about the card's features and ranking them according
to their financial attributes including available credit, interest rate and
reward programs. Then it selects the best card to be used according to its
rank, ensuring the user's best financial interest. The system consolidates all
user's credit accounts into one line of credit and utilizes its AI algorithms
to decide which one to be used according to its best traits. GBT's Artificial
Intelligence technology is aimed to be used to empower the entire system and is
working with GBT's patented database management technology to ensure fast
performance and robust security.”
Maxar Technologies Inc. (NYSE:MAXR) has completed the acquisition of AI and software
development company Wovenware. Wovenware, according to the press release,
specializes “in software development, service design, artificial intelligence
and geospatial production.” Dan Jablonsky, Maxar’s President and CEO, said:
"In
today’s everchanging world, our customers are continuously looking for ways to
access our industry-leading products faster and more efficiently—AI and machine
learning is critical to accelerating growth. Wovenware’s incredibly talented
team of software engineers complements Maxar's product development and delivery
talent. Our teams already have a track record of working together to deliver
customer solutions, and we are excited to work even more closely together to
grow and expand our installed customer base."
Global
Edge AI to Reach $70B by 2032
A report published by Global Market Insights finds that the global
market for Edge AI is projected to grow from $5 billion USD in 2022 to
approximately $70 billion by 2032, registering a compound annual growth rate
(CAGR) of 20 percent in the forecast period 2023-32. The following excerpt from
the report’s summary outlines some key factors influencing the market’s growth:
The
demand for edge AI is growing due to Industry 4.0's widespread deployment
across all sectors. The burgeoning penetration of IoT & 5G technologies
across varied industry verticals, including BFSI, government, hospitality,
retail, and consumer goods, is speculated to support the growth of the edge AI
industry. Additionally, edge AI facilitates real-time processing, enhances
quick decision-making capabilities, and helps enterprises reduce the need for
maintenance & support services, which is set to foster business outlook.
Sam Mowers, Investorideas.com
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hear other editions of the AI Eye
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here
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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