#AIEYE; #AI Stands Guard for the Future: How AI Is Being Used in #Security; (NYSE: $BB) (OTC: $CYBF) (TSXV: $VQS.V) (OTC: $QUES)

#AIEYE; #AI Stands Guard for the Future: How AI Is Being Used in #Security; (NYSE: $BB) (OTC: $CYBF) (TSXV: $VQS.V) (OTC: $QUES)

Point Roberts WA, Delta BC – March 14, 2019 – Investorideas.com, a global investor news source covering security and Artificial Intelligence issues a special edition of The AI Eye, looking at how AI is playing a significant role in the future of security.

As AI technology is optimized and becomes more available, its implementation into both cyber and real-world security is fast becoming a necessity in staying ahead of future threats. 

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03141AIEye-BB-CYBF-VQS-QUES.asp

Comcast recently acquired BlueVector, the technology company spun off from defense contractor Northrop Grumman two years ago which uses artificial intelligence and machine learning to provide cybersecurity services to companies and government agencies.

This was shortly followed by Verizon announcing the addition of BlackBerry Cylance's AI-driven antivirus security solutions to its industry-leading Managed Security Services (MSS) portfolio. Blackberry Cylance, a business unit of BlackBerry Limited (NYSE:BB) (TSX:BB), was recently recognized as a leader in five distinct categories at the 2019 Cybersecurity Excellence Awards: Best Cybersecurity Company, Most Innovative Cybersecurity Company, Endpoint Detection and Response, Endpoint Security and Best Cybersecurity Podcast. 

"Businesses of all sizes are suffering alert-fatigue generated by other endpoint solutions. Many are turning to managed security services to gain holistic, expert-level management across their endpoints, gateways and networks on a round the clock basis," said Stuart McClure, co-founder of Cylance and President of BlackBerry Cylance. "By offering BlackBerry Cylance's AI-powered endpoint protection, Verizon's MSS customers will now have access to a powerful antivirus technology with the ability to prevent known and unknown threats, reducing the strain on other security controls, and alerts that must be tracked, processed and audited."

Cyberfort Software, Inc. (OTC: CYBF), a cyber security technology company, announced new features to its recently acquired Just Content App, including the imminent release of its integrated artificial intelligence (AI) solution.

Just Content leverages proprietary technologies to help safeguard families and businesses from online threats such as unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet. The recent upgrades ship with the highest security as default, a smooth onboarding experience and data usage features that provide the best protection for both new and experienced users.

“We have been working hard to leverage our expertise in machine learning and artificial intelligence to provide solutions for customer problems like spam SMSes and robo calls. We are delighted to say that our spam filtering solution is extremely close to release. At the same time, a content moderation platform for businesses and enterprises is currently under development,” shares Krishna Kumar, Senior Developer at Cyberfort Software and Founder of Just Content.

VIQ Solutions Inc. (TSXV: VQS), a global expert providing cyber-secure AI technology and services has also put some focus into “on the ground” security, having announced last year its acquisition of Net Transcripts, Inc., a leading provider of secure multi-speaker documentation services to law enforcement and criminal justice organizations.

“The acquisition of Net Transcripts, a market and trusted leader in law enforcement, is a substantial milestone in VIQ’s growth strategy to expand our portfolio of services, opening up a significant and growing market in the USA. This highly fragmented market is undergoing major disruption due to artificial intelligence, which is encouraging customers to look at innovative ways to unlock the value in their digital media,” said Sebastien Paré, VIQ President and CEO.

AI has many obvious uses in the world of cybersecurity but that doesn’t mean it can’t be applied to real world security situations just as well.

Quest Solution, Inc. (OTC: QUES), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that it was selected to install a state-of-the-art AI-based safety and security system on the campus of a Pre-K – 12 preparatory School in South Florida. This system will provide enhanced safety for students, faculty and visitors to the school. For safety reasons the name of the school is not disclosed.

The Quest Safe School System is based on technology from Quest’s recently acquired subsidiary HTS Image Processing and offers real-time, automated vehicle recognition via machine vision. In a school setting, the system is hosted on a cloud-based platform integrated with campus intelligence, tracking vehicles, students, staff, deliveries and campus visitors. The Safe School System has whitelist and blacklist capabilities to immediately identify vehicles upon arrival, allowing the admittance of authorized cars or a real-time alarm for any unauthorized and/or suspicious vehicle.

AI implementation is fast becoming a necessary security feature, as large tech firms such as Palo Alto Networks Inc. and Microsoft Corp. are showing, which is good news for customers and consumers as these new features allow for tireless protection in an age of information fatigue.

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#AIEye: #AI Increasingly Deployed to Mitigate #Security Threats: (NASDAQ: $FTNT) (CSE: $VSBY.C) (TSX: $ABT.TO) (TSXV: $AT.V)

#AIEye: #AI Increasingly Deployed to Mitigate #Security Threats: (NASDAQ: $FTNT) (CSE: $VSBY.C) (TSX: $ABT.TO) (TSXV: $AT.V)

Point Roberts WA, Delta BC - March 14, 2019 - Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye looking at the intersection of AI and Security.

As security threats grow, AI technology is increasingly leveraged to detect and prevent risks that human observers may miss. Research from Markets and Markets, for instance, projects a growth in AI in the cybersecurity market from $3.92 billion USD in 2017, to $34.81 billion by 2025 at a compound annual growth rate (CAGR) of 31.38 percent.

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03142AIEye-FTNT-VSBY-ABT-AT.asp

Fortinet, Inc. (NasdaqGS:FTNT), which provides automated and integrated cyber solutions worldwide utilizes artificial intelligence and machine learning in their FortiGuard Labs proprietary Self-Evolving Detection System (SEDS). A description on their website reads:

“Our artificial intelligence and machine learning program integrates into Fortinet’s threat intelligence back end to power all the threat detection capabilities that FortiGuard services share across the Fortinet Security Fabric. This integration across Fortinet products, combined with our use of automation and innovation, helps our customers fight the increasingly aggressive and damaging nature of cyber crime.”

Fortinet released its Global Threat Landscape Report for Q4 of 2018, detailing the need for further AI adoption in assisting against cyber attacks.

“Just as cybercriminals employ machines to propagate botnet attacks, organizations also need to leverage technology advances in the area of AI/ML to combat new, machine-generated attacks.”

The confluence of AI with security takes a different form with VSBLTY Groupe Technologies Corp. (CSE:VSBY), a company that transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning to “see” persons of interest head on, and understand their sentiment as they look at digital signage. 

Recently, VSBLTY named two former FBI special agents, Jeff Muller and Jim DiOrio to its advisory board. Jay Hutton, Co-Founder & CEO of VSBLTY, said the two had “long experience in strategic risk assessment consulting for government agencies and companies” and that their addition to the board will “strengthen our security expertise.”

Other companies are getting serious about security threats through acquisitions. Blackberry, for example, recently acquired AI and cybersecurity company Cylance for $1.4 billion. John Chen, Blackberry’s executive chairman and CEO, commented on the importance of the development:

“Securing endpoints and the data that flows between them is absolutely critical in today’s hyperconnected world. By adding Cylance’s technology to our arsenal of cybersecurity solutions, we will help enterprises intelligently connect, protect and build secure endpoints that users can trust.”

Elsewhere, telecom giant Comcast made a similar move in acquiring BluVector Inc., a cybersecurity startup that “uses artificial intelligence and machine learning to contain threats such as malware, ransomware and zero-day vulnerabilities.”

                   

Absolute (TSX:ABT), a company that develops, markets and supports endpoint management and data security solutions for endpoint computing devices, appointed security expert Dr. Nicko van Someren as its new CTO. Van Someren, who has more than two decades of security background, explained the growth of security threats, and his company’s response:

“Security has evolved enormously over the past 20 years, with the rise of nation-state threats, digital transformation of the enterprise and increasing severity of data breaches. Absolute is fighting to ensure organizations’ endpoints remain resilient despite these ever-present security risks.”

AcuityAds Holdings Inc., (TSXV:AT) which leverages its proprietary artificial intelligence technology to provide targeted digital media solutions, revealed its commitment to protection and security in a blog post late last year:

“…we pride ourselves on delivering multiple lines of defence with regards to brand safety, fraud prevention and age-gating/LDA compliancy to deliver proactive protection and risk mitigation.”

The company’s “in-house brand safety” includes defensive layers from threat detection companies FraudLogix and Peer39 by Sizmek.

So while security threats advance and amass, whether traditional or cyber, increasingly sophisticated detection and prevention techniques are being employed using artificial intelligence technology in a variety of ways to mitigate risks.

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Nxt-ID, Inc. (Nasdaq: $NXTD) Releases Preliminary Results for the Year Ended December 31, 2018 and Update on Proposed Spin Off

Nxt-ID, Inc. (Nasdaq: $NXTD) Releases Preliminary Results for the Year Ended December 31, 2018 and Update on Proposed Spin Off

SEBASTIAN, Florida, March 14, 2019 – (Investorideas.com Newswire) Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company”), a provider of healthcare devices and services as well as payment credential management and authentication platform services, announces selected unaudited, preliminary results for year ended December 31, 2018.

Highlights:

·        Revenue from continuing operations for year ended December 31, 2018 was approximately $17.1 million compared to approximately $16.0 million for the same period in 2017.

·        Year over year revenue growth was approximately 7%.

·        Gross profit from continuing operations for year ended December 31, 2018 was approximately $12.3 million compared to approximately $11.0 million for the same period in 2017.

·        Year over year gross profit growth was approximately 12%.

·        Operating expenses from continuing operations were approximately $11.7 million for year ended December 31, 2018 compared to approximately $13.1 million for the same period in 2017.

·        Operating income from continuing operations for year ended December 31, 2018 was approximately $0.6 million compared to an operating loss of approximately $(2.2) million for the same period in 2017.

"Our preliminary results for 2018 show continued steady growth in revenue and profitability with a reduction in operating expenses of over 10%,” said Gino Pereira, Chief Executive Officer of Nxt-ID. “We are excited about our prospects in 2019 as we build on our existing strong base with the introduction of new products and markets during this year.”

Update on Proposed Spin-off

“The closing date of the refinanced debt facility is now expected to be at the end of March or early April 2019. Completion of the refinancing will enable us to take the next step in moving forward with the planned spin-off of our Payments Division, which we believe will increase overall value for our shareholders,” said Gino Pereira, Chief Executive Officer of Nxt-ID.

Subject to closing, the refinancing would remove a key covenant of the existing debt facility and enable the Company to proceed with the proposed spin-off of its Payment Division, which include its Fit Pay, Inc. subsidiary and other assets.

Immediately following the spin-off transaction, Nxt-ID shareholders, who own shares of Nxt-ID on the to-be-announced record date will own shares of both companies. Subsequent to the record date, but prior to the date of the distribution, which will be established by the Board, NXTD shares will trade ex-distribution.

Preliminary Results 

The results provided in this press release are unaudited, preliminary and subject to completion of Nxt-ID's financial statements for the year ended December 31, 2018 in conjunction with the Company's Form 10-K filing for the same period, and therefore they are subject to change.  Nxt-ID intends to report final results for the year ended December 31, 2018 on or about April 1, 2019, after market close.

About NXT- ID, Inc.

NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). With extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, NXT-ID develops and markets groundbreaking solutions for payment and IoT applications. Its industry-leading technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers' mobile platforms, the Wocket™, a next-generation smart wallet and the Flye, a digital credit card developed in collaboration with WorldVentures.  

NXT-ID includes mobile and IoT-related subsidiaries: LogicMark, LLC, a manufacturer and distributor of non-monitored and monitored personal emergency response systems ("PERS") sold through dealers/distributors and the United States Department of Veterans Affairs and Fit Pay, Inc., a proprietary technology platform that delivers end-to-end solutions to device manufacturers for contactless payment capabilities, credential management, authentication and other secure services within the IoT ecosystem. Learn more about NXT-ID at www.nxt-id.com. FitPay and the FitPay Payment Platform are the sole property of Fit Pay, Inc. For NXT-ID Inc. corporate information contact: info@nxt-id.com

Forward-Looking Statements for Nxt-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements, including whether the planned spin-off of the payments business is completed, as expected or at all, and the timing of any such spin-off; whether the conditions to the spin-off can be satisfied; whether the operational, marketing and strategic benefits of the spin-off can be achieved; whether the costs and expenses of the spin-off can be controlled within expectations; and general market and economic conditions. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement. Investors should consider this cautionary statement, as well as the risk factors identified in our periodic reports filed with the SEC, when evaluating our forward-looking statements.

Media Contacts:

Chris Orlando

chris.orlando@nxt-id.com

+1-760-468-7273

D. Van Zant

+1-800-665-0411

press@nxt-id.com

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Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid news publication and PR client of Investorideas.com. Details at https://www.investorideas.com/About/News/Clientspecifics.asp

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The #AIEye: IBM (NYSE: $IBM) #AI Utilized by Karantis360, NICE (NASDAQ: $NICE) RPA Partners with CallVU and CEVA (NASDAQ: $CEVA) Tech Used In DJI’s Mavic 2 Camera Drone

The #AIEye: IBM (NYSE: $IBM) #AI Utilized by Karantis360, NICE (NASDAQ: $NICE) RPA Partners with CallVU and CEVA (NASDAQ: $CEVA) Tech Used In DJI’s Mavic 2 Camera Drone

Global AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018

Point Roberts WA, Vancouver BC – March 13, 2019 – Investorideas.com (www.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.

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Global AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018

The International Data Corporation (IDC) forecasts that global spending on AI systems will reach $35.8 billion USD by 2019, which marks an increase of 44 percent over 2018 spending. Furthermore, IDC finds that spending on AI systems will more than double to $79.2 billion in 2022 with a compound annual growth rate (CAGR) of 38 percent from 2018-2022. The study finds that the retail sector will lead spending, with banking coming in second. Marianne Daquila, research manager, Customer Insights & Analysis at IDC, said:

"Significant worldwide artificial intelligence systems spending can now be seen within every industry as AI initiatives continue to optimize operations, transform the customer experience, and create new products and services. This is evidenced by use cases, such as intelligent process automation, expert shopping advisors & product recommendations, and pharmaceutical research and discovery exceeding the average five-year compound annual growth of 38%. The continued advancement of AI-related technologies will drive double-digit year-over-year spending into the next decade."

IBM AI Utilized by Karantis360, NICE RPA Partners with CallVU and CEVA Tech Used In DJI’s Mavic 2 Camera Drone

Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqGS:CEVA)

UK startup Karantis360, a care management company, is utilizing IBM (NYSE:IBM) technology such as Watson AI in their assisted living solution. Nick Hampson, Managing Director of Karantis360, said:

"By working with IBM, we have been able to develop a digital solution that could completely revolutionize the way we care for our loved ones, reducing the burden of care and helping vulnerable and older people to live in their own homes for longer. With IBM's cloud technologies, AI capabilities and innovation ecosystem, we've gone from concept, to service delivery, to our first clients in under 12 months. It's been an incredible journey."

NICE Ltd. (NasdaqGS:NICE) has announced a partnership between its NICE Robotic Process Automation (RPA) and digital customer engagement leader CallVU. The collaboration between NICE RPA’s AI-infused robots with CallVU’s digital engagement technology streamlines customer service while improving back end processes. Barry Cooper, President, NICE Enterprise Product Group, said:

“NICE RPA’s powerful robots simplify complex operational processes by seamlessly executing tasks in the background, thus empowering customer interaction agents to focus on what really matters. This enables organizations to not only improve productivity but also drive a superior customer experience.”

CEVA, Inc. (NasdaqGS:CEVA) has announced that DJI’s Mavic 2 camera drones use CEVA DSPs and platforms to enable on-device artificial intelligence, advanced computer vision and long-range communication capabilities. Gideon Wertheizer, CEVA CEO, said:

"DJI's camera drones are transforming multiple industries, utilizing artificial intelligence, computer vision and other disruptive technologies to deliver truly unprecedented experiences. The Mavic 2 series of drones epitomize this innovation, and we're proud that our advanced DSPs and platforms for computer vision, AI and long-range communications help DJI lead the market."

Sam Mowers, Investorideas.com

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