Breaking #AI #Stock News: GBT Tokenize Corp.
(OTCPK: $GTCH) Sold its Avant! AI #MachineLearning; @gbtt_inc
SAN DIEGO,
CA - April 6, 2023 (Investorideas.com Newswire) GBT Technologies
Inc. (OTC PINK: GTCH) ("GBT" or the "Company"),
announced today that GBT Tokenize Corp. ("Seller"), a subsidiary that
is owned 50% by the Company entered into an Asset Purchase Agreement ("APA")
with Trend Innovation Holdings, Inc. ("TREN"), as consented to by
GBT, pursuant to which Seller sold certain assets relating to proprietary
system and method named Avant! Ai, which is a text-generation, deep learning
self-training model (the "System").
Read this in full at https://www.investorideas.com/CO/GOPH/news/2023/04061Sold-Avant.asp
Avant! AI™ is designed to provide businesses and
consumers with a natural language interface to interact with their devices and
systems. The technology utilizes machine learning and natural language
processing (NLP) to interpret and respond to user requests.
TREN, Seller and GBT entered into
a license agreement regarding the System, granting the Seller and/or the
Company a perpetual, irrevocable, non-exclusive, non-transferable license for
using the System to be used in its own development, as in-house tool, where
Seller/Company may not sublicense its rights hereunder to any customer or
client.
GBT is continuing to focus on its
core competency of researching and developing ("R&D") a targeted
technology IP portfolio combining patents, trade secrets and prototypes. As
such, the Company will technically support TREN with the implementation of the
System with the goal of empowering other technology platforms they own.
The Company will provide an
update covering its IP technology portfolio in a separate press release.
"Selling Avant! Ai to a
third party and retaining a license for internal purposes strengthens and
encourages our belief that we can position ourselves as an IP Company,"
stated Mansour Khatib, the Company's CEO.
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 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 because 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:
Mansour Khatib, CEO
press@gopherprotocol.com
GBT Technologies Inc. (OTCQB:GTCH) is a
featured tech stock on Investorideas.com
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