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Friday, November 4, 2022

#AIEye #Podcast 735: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $MAXR) #artificialintelligence



 

 

#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

 

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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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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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