Breaking #AI #Stock News: GBT’s (OTCPK: $GTCH) AI Driven #FinancialTechnology Patent Application
Received a Notice of Publication; #artificialintelligence
The
patent application seeks to protect #AI empowered #technology for secured #creditcards
consolidation system
San Diego, CA, November 3, 2022 - (Investorideas.com Newswire) GBT
Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”) received
a notice of publication for its financial software patent application. The
patent application seeks to protect a secured, AI driven, credit card
consolidation and management system and method. The patent was filed on January
26, 2022 and assigned serial number 17584427. The application was published on
October 20, 2022, as U.S. Patent Application Publication No. 2022/0335519. The
invention consists of a web and mobile application that are based on GBT’s
patented database management method and is a machine learning driven. The IP
includes a computer program that automatically characterizes and prioritizes
the consolidation of different credit cards into one card, creating one large
line of credit. An AI engine monitors
and manages the credit card’s usage factors like line of credit, interest rate,
benefits and reward programs. The protected software application combines all
user’s credits cards accounts into one credit account, automatically assigning
transactions to the best credit card according to its characteristics. The
technology is based on GBT’s patented, database sharing method with the goal of
enabling high performance and robust cybersecurity. When a transaction is
requested, the system will consider such factors as lowest interest rates,
membership fees, cash advances, line of credit, gift certificates, and other
reward programs. GBT targets the system to be an efficient financial assistant
for individuals and businesses, ensuring best financial transactions using
credit lines. The Company plans to expand its research and development efforts
in this domain in the future.
Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/11031AI-Driven-Financial-Technology-Patent.asp
“In today’s credit world there are numerous credit
cards choices, each offers different interest rate, benefits, and wide variety
of rewarding programs. It can become a challenge to decide which credit card to
use to make a wise financial decision regarding line of credit, lowest interest
rate and other benefits. The patent application seeks to protect an invention
described as an AI controlled, credit card management system that automatically
assist users with their credit cards transactions decisions. 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. The non-provisional patent application seeks
to protect the concept of an intelligent line of credit management system to
helps users making the most beneficial decisions with their lines of credits.
We consider this patent an exciting opportunity to implement our technology
within the financial realm and intend to further explore its possibilities in
the near future” stated Danny Rittman, GBT’s CTO.
There
is no guarantee that the Company will be successful in researching, developing
or implementing this system or that it will be granted the patent (or prior
provisional patent). In order to
successfully implement this system, the Company will need to raise adequate capital
to support its research and, if successfully researched, developed and granted
regulatory approval, the Company would need to enter into a strategic
relationship with a third party that has experience in manufacturing, selling
and distributing this product. There is
no guarantee that the Company will be successful in any or all of these
critical steps.
About Us
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.
Forward-Looking
Statements
Certain statements contained in this press
release may constitute "forward-looking statements".
Forward-looking statements provide current expectations of future events based
on certain assumptions and include any statement that does not directly relate
to any historical or current fact. Actual results may differ materially from
those indicated by such forward-looking statements as a result of various
important factors as disclosed in our filings with the Securities and Exchange
Commission located at their website ( http://www.sec.gov).
In addition to these factors, actual future performance, outcomes, and results
may differ materially because of more general factors including (without
limitation) general industry and market conditions and growth rates, economic
conditions, governmental and public policy changes, the Company’s ability to
raise capital on acceptable terms, if at all, the Company’s successful
development of its products and the integration into its existing products and
the commercial acceptance of the Company’s products. The forward-looking
statements included in this press release represent the Company's views as of
the date of this press release and these views could change. However,
while the Company may elect to update these forward-looking statements at some
point in the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the date of the press
release.
Contact:
Dr. Danny Rittman, CTO
press@gopherprotocol.com
GBT Technologies Inc.
(OTCQB:GTCH) is a featured tech stock on
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