#AIEye
#Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NYSE: $ACN)
GBT
Announces Magic2 Suite of AI-Driven EDA Software, and Accenture to Invest $3B
into Data & AI
Global
Generative #AI in #DrugDiscovery Market to Reach $1.12B by 2032
Vancouver, Kelowna, Delta, BC – June 13, 2023 – 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/2023/061323-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2023/artificial-intelligence/06131GTCH-ACN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCPINK:GTCH) (NYSE:ACN)
GBT Technologies Inc. (OTC PINK:GTCH) has posted an update covering its EDA segment
intellectual properties (IP) portfolio with the announcement of Magic2, an AI driven electronic
design automation (EDA) software Suite helping engineers to speed up time
consuming task work during the integrated circuits (IC) design phase. The suite
comprises eight integrated software applications covering specific component
processes of the IC design cycle. Four of these eight tools (Epsilon, Sigma,
Omega, and Phi) have received patent approval. Mansour Khatib, CEO of GBT,
explained:
"It
sounds technical because it is, but simply spoken, Magic2 is a suite of
individual EDA tools which we believe can potentially save 1000's and 1000's
hours of engineering time, speeding up the microchip design process and at the
same time building better, faster, greener, cheaper, and more reliable
microchips. Epsilon has been a double milestone for GBT Technologies Inc. as we
already developed a limited working software version V1.0 which has performed
in an operational setting and started the whole Magic2 concept. With all the
positive industry feedback, GBT will continue to focus on expanding the family
of its various EDA patents and concentrating on strategic potential
partnerships with the goal of integrating these technologies into a broad
marketplace, diversifying the risk within all these areas, and increasing
shareholder value of that portfolio.”
Accenture (NYSE:ACN) has announced a $3 billion investment over three
years into its Data & AI practice to help clients across all industries
rapidly and responsibly advance and use AI to achieve greater growth,
efficiency and resilience. Paul Daugherty, group chief executive, Accenture
Technology, said:
"Over
the next decade, AI will be a mega-trend, transforming industries, companies,
and the way we live and work, as generative AI transforms 40% of all working
hours. Our expanded Data & AI practice brings together the full power and
breadth of Accenture in creating industry-specific solutions that will help our
clients harness AI’s full potential to reshape their strategy, technology, and
ways of working, driving innovation and value responsibly and faster than ever
before."
Global
Generative AI in Drug Discovery Market to Reach $1.12B by 2032
A report published by MarketResearch.biz finds that the global
market for Generative AI in Drug Discovery is projected to grow from $109
million USD in 2022 to $1.12 billion by 2032, registering a compound annual
growth rate (CAGR) of 27.1 percent in the forecast period 2023-32. The
following excerpt from the report overview outlines the impact of Generative AI
on drug discovery:
Generative
AI is a type of machine learning that involves the formation of new data like
new molecules, based on patterns learned from existing data. In the context of
drug discovery, generative AI algorithms can be trained on large databases of
known drug molecules and their properties to create new compounds that are
predicted to have therapeutic effects. The generative AI in drug discovery
market is driven by the maximizing demand for the most efficient &
effective price drug discovery processes.
Sam Mowers, Investorideas.com
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hear other editions of the AI Eye
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