Breaking #AI #Stock News: GBT
(OTCPK: $GTCH) Filed an AI-Empowered #FinancialTechnology Patent
Application Seeking to Protect an Advanced Credit Management Concept;
#artificialintelligence
The concept introduces an innovative, AI
empowered technology for secured credit card management methods and systems
San Diego, CA, February 1, 2022 - (Investorideas.com
Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT”
or the “Company”) filed with U.S. Patent and Trademark Office (“USPTO”) a non-provisional
patent application for systems and methods of a financial software application for
a secured, AI controlled credit card management system. The application was
filed on January 26, 2022 and assigned serial number 17584427. The concept consists of a web and mobile
application that are based on GBT’s patented database management method and
empowered by its Artificial Intelligence technology. The goal of the patent
application is to protect a software application concept that would automatically
characterize and prioritize consolidation of different credit cards into one
card, creating one large line of credit. The patent application seeks to
protect intellectual property (IP) with the goal of evaluating the best financial
aspects of each of the user’s credit card account and automatically select the
user’s best card to be used. Among these aspects are lowest interest rates,
membership fees, cash advances, line of credit, gift certificates and more reward
programs. GBT believes that such system can be an efficient financial assistant
for individuals and corporations, ensuring user’s best financial interests
using credit systems. The company plans to expand its research and development
in this domain during 2022.
Read this news, featuring GTCH
in full at https://www.investorideas.com/CO/GOPH/news/2022/02011AI-Empowered-Financial-Technology-Patent.asp
“The credit card market world is wild today. There are
numerous credit cards choices, each offers different interest rate, benefits
and a wide variety of rewarding programs. It is a tricky task to decide which
credit card to use and for which type of charges. We are in process of developing
an AI controlled, credit card management system to automatically assist users with
their credit cards transactions. The invention aims to automatically prioritize
and characterize user’s credit cards according to their characteristics. The
goal of the technology is to rank a user’s credit cards profile according to
their attributes among them are interest rate, reward programs and similar. In
turn, it is designed to use the one with the highest rank to execute the
desired charge(s), constantly ensuring the user’s best financial interest. We
filed a non-provisional patent to protect the concept of a smart “Financial Manager”
that helps users with credit lines monetary decisions, always ensuring their
best interest. We find this topic an intriguing opportunity for our technology to
be implemented within the financial domain and intend to further explore its
horizons 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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