Investorideas.com Newswire - #Tech News: Gopher (OTCQB: $GOPH) Technology Now Deployed On WISE Blockchain Platform

Investorideas.com Newswire - #Tech News: Gopher (OTCQB: $GOPH) Technology Now Deployed On WISE Blockchain Platform

#Tech News: Gopher (OTCQB: $GOPH) Technology Now Deployed On WISE Blockchain Platform

WISE Has Successfully Created Its Smart Contract

San Diego, CA - December 17, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions, announced today its technology has been successfully deployed by its licensee WISE Network S.A ("WISE"), which has created its smart contract on the Blockchain platform.

As announced in late November, Gopher and WISE collaborated on the implementation of Gopher's licensed technology. WISE has now successfully created its smart contract built on the Ethereum Blockchain, based on the ERC20 standard. The repo link to GitHub where the smart contract can be scrutinized by any developer in the world is https://github.com/GBTTech/wise-erc20-token-smart-contract.

This means that WISE now has completed the token infrastructure and is ready to be launch six months before WISE's anticipated ICO takes place. The WISE smart contract was developed and completed using private funds to build confidence and trust in WISE's Blockchain programming abilities as well as its corporate responsibility towards future token holders in advance - https://youtu.be/eLeBC_aC_RQ.

This early launch proves WISE's commitment to its roadmap, which will soon be part of WISE's new site https://wise.cr.

Doug Davis, Gopher's Interim CEO, stated: "We are proud to see implementation of our technology platform into the Blockchain space in partnership with WISE. While Gopher is not a cryptocurrency or Blockchain company, it is a leading supplier of Asset Tracking IoT and Global Mesh Network technology platforms that licensees such as WISE can use to enhance their Blockchain-based offerings."

About Gopher Protocol Inc. (http://gopherprotocol.com)

Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. Gopher has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. Gopher's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. Gopher envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.

About WISE

WISE Network S.A. ("WISE") is a Costa Rican corporation that has created the WISE Platform (http://www.wise.cr/). This Platform will be using the newly created WISE Token, for which WISE will also be conducting an ICO. WISE will have powered its Enigma Chip, based on Gopher's licensed technology, which will be designed to deploy a radio wave based Blockchain system, enabling distributed ledger, robust security, and real-time, vast data handling for IoT and mobile domains. The chip hardware is accompanied with embedded software, and is designed to work through its private, secured network protocol. Enigma IC can use Wi-Fi or Cellular networks to communicate with other Enigma ICs. In addition, the microchip can communicate via its own radio waves in a wide variety of frequencies, in locations where there are no cellular or Wi-Fi services, thereby expanding IoT tracking of Blockchain-based assets globally. It is expected that this feature opens an entire world of IoT and network possibilities for remote locations. The Enigma microchip includes Gopher's Avant! AI for Blockchain management and security.

A demonstration is available via an educational video released by Gopher and WISE -- https://youtu.be/3z0avXbYZoc

 

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:

Douglas Davies, Interim CEO
Gopher Protocol Inc.
VM Only 888-685-7336
Media: press@gopherprotocol.com

SOURCE: Gopher Protocol Inc.

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Investorideas.com - #Tech News: Nxt-ID (NASDAQ: $NXTD) Provides Update on Proposed Spin-Off of Payments Division

Investorideas.com - #Tech News: Nxt-ID (NASDAQ: $NXTD) Provides Update on Proposed Spin-Off of Payments Division

#Tech News: Nxt-ID (NASDAQ: $NXTD) Provides Update on Proposed Spin-Off of Payments Division

New record date to be announced

SEBASTIAN, Florida - December 17, 2018 (Investorideas.com Newswire) NXT-ID, Inc. (the "Company") (NASDAQ: NXTD), today announced that the proposed spin-off of its payment and other assets into an independent publicly traded company and distribution of shares of the new company to Nxt-ID shareholders has been delayed. Nxt-ID intends to proceed with the spin-off and to establish a new record date for the transaction in the first quarter of 2019. Shares of NXT-ID are currently trading with all the rights of shareholders of Nxt-ID common stock, including the right to receive dividends and distributions as determined by the Board of Nxt-ID.

"The reason for the delay in completing the transaction is that, after much effort, we were unable to come to terms with our primary lender regarding the release of their security interest in assets that we are proposing to spin off," said Gino Pereira, Chief Executive Officer of Nxt-ID. "We are currently working with a number of other lenders to replace the existing long-term facility to remove the security interest. We will announce a new record date when we have better clarity on the timing to complete the transaction and to receive various regulatory approvals. We are now targeting to conclude the spin-off before the end of the first quarter of 2019."

The Company previously announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute those shares to Nxt-ID shareholders through the execution of a spin-off, which the Company believes will qualify as a tax-free distribution. Immediately following the transaction, Nxt-ID shareholders, who own shares of Nxt-ID on the new record date to be announced will own shares of both companies. The new company will include the assets acquired in the May 2017 business combination with Fit Pay, Inc. as well as the payment, authentication and credential management assets the Company developed previously by Nxt-ID. Following the spin-off, the Company has an investment commitment for up to $6 million to fund the operations of the new company. The new company intends to apply for listing on the NASDAQ.

PartX, Inc.

The new company, PartX, will include the payment, authentication and credential management assets of Nxt-ID and Fit Pay, Inc, including Fit Pay®'s Token Requester Platform, which enables cardholders to securely add their payment credentials to devices that are integrated with FitPay's token management solution. The Platform allows device manufacturers, merchants, banks and any other entity making digital transactions to offer their customers a safe and convenient payment experience. FitPay is one of the first successful commercializations of a token requestor service provider integrated with the major payment card networks.

PartX's core capabilities also include the development of payment and authentication devices that leverage NFC (near field communication), cryptocurrency, and blockchain technology. It is currently developing digital payment and loyalty devices to be distributed through partners as well as payment devices that enable Bitcoin holders to make contactless payments at retail locations with value exchanged from their cryptocurrency. The assets of the new company will include a portfolio of payment, authentication and blockchain technology patents that have been filed by or issued to Nxt-ID and Fit Pay.

Nxt-ID and LogicMark

Assets associated with Nxt-ID's healthcare subsidiary, LogicMark, LLC, will remain with the Company along with the assets under 3D-ID, LLC. LogicMark produces a range of products within the personal emergency response system (PERS) market. The Company has differentiated itself by offering non-monitored products, which only require a one-time purchase price, instead of a recurring monthly contract, offering a significant value proposition over monitored solutions.

Our LogicMark subsidiary has produced record revenues on an annual basis since its inception and is looking to expand its business into other healthcare verticals as well as retail and enterprise channels in order to better serve the expanding demand for connected and remote healthcare solutions. For the nine months ended September 30, 2018, revenues from the Company's continuing operations, excluding Fit Pay as well as the payment, authentication and credential management assets of Nxt-ID, were $13.1 million with operating income from continuing operations of $0.9 million and non-GAAP operating income from continuing operations for the nine months ended September 30, 2018, adjusted for depreciation, amortization and other non-cash charges of approximately $2.3 million.

Transaction Details

For further details please see the Form 8-K filed with the Securities and Exchange Commission on September 20, 2018. Completion of the tax-free spin-off and IPO will be subject to final approval by the Nxt-ID Board of Directors, approval by NASDAQ and a number of other factors, including, the refinancing our current senior debt, market conditions, the execution of inter-company agreements and other matters.

Advisors

Alliance Global Partners is serving as financial advisor on the transaction and Robinson Brog Leinwand Greene Genovese & Gluck, P.C. is serving as legal advisor to Nxt-ID, Inc.

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 three 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; 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, and 3D-ID LLC, which is engaged in biometric identification and authentication. Learn more about NXT-ID at http://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 and Risks: 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.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Nxt-ID, PartX, or their respective subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release include statements related to Nxt-ID's current views and expectations with respect to the spin-off and related transactions.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: a market demand for shares of Nxt-ID's common stock; general economic conditions; the performance of the financial and credit markets; the economic environment for the industries in which Nxt-ID and PartX currently and will operate; uncertainties that may delay or negatively impact the planned spin-off of PartX to be further delayed or to not occur at all; as well as risks Annual Report on Form 10-K, filed with the SEC on April 2, 2018, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

Media Contacts:

Chris Orlando
chris.orlando@nxt-id.com
+1-760-468-7273

D. Van Zant
+1-800-665-0411
press@nxt-id.com

NXT-ID, Inc. (NASDAQ:NXTD)

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Gopher’s (OTCQB: $GOPH) Avant! AI Answers User Questions About Stock Market, #Bitcoin, #Cannabis , Apple’s ( $AAPL) Siri and More

Gopher’s (OTCQB: $GOPH) Avant! AI Answers User Questions About Stock Market, #Bitcoin, #Cannabis , Apple’s ( $AAPL) Siri and More

Stocks discussed: (OTCQB:GOPH) (NasdaqGS:FB) (NasdaqGS:INTC) (NYSE:IBM) (NasdaqGS:QCOM) (NasdaqGS:NVDA) (NasdaqGS:AAPL)

Point Roberts WA , Vancouver BC –December 17, 2018 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , brings you today’s  special edition of  The AI Eye-  Watching stock news, deal tracker and advancements in artificial intelligence.

Gopher Protocol Inc’s (OTCQB:GOPH) Avant! AI system debuted as an assistant agent on Facebook (NasdaqGS:FB) one week ago, and it has already garnered considerable attention. Company CTO Dr. Danny Rittman explained how his AI creation, Avant! actually crashed briefly after experiencing half a million users in traffic.

Dr. Rittman, the creator of  Avant!,  is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS:INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects; among them Intel's Pentium Pro, DEC's Alpha chip, and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

Danny , speaking like a proud parent of his child said, ““Last week we had a peak of about 500K users, asking questions at the same time. Avant! servers were not ready for it and crashed, leading rain of emails of concerned users, about when Avant! will be back,” he said. “When we had a peak of many users at the same time, users started to wait long times for answers and then they reported to us. Soon after that the servers simply crashed due to the overwhelming interest!”

“We see this as a very positive "crash". Avant! is a star!”

He continued, “Since then we upgraded our servers and probably will upgrade them soon again.”

What follows are some examples of user questions, and Avant!’s answers to them:

Q:        What is the stock market?

Avant!:             A stock market, equity market or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately.

Q:        What is cannabis?

Avant!: Cannabis, also known as marijuana among other names, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes. The main psychoactive part of cannabis is tetrahydrocannabinol, one of 483 known compounds in the plant, including at least 65 other cannabinoids.

Part(s) of plant: Flower

Source plant(s): Cannabis sativa, Cannabis sativa forma indica, Cannabis ruderalis

Geographic origin: Central Asia and Indian subcontinent

People also search for: Cocaine, Hashish, Tetrahydrocannabinol, More

Q:        Who is Siri?

Avant!: On Friday, CNN revealed that voice actor Susan Bennett is the voice behind Siri, Apple's personal assistant on iPhones and iPads. “I'm the actor who provided the voice for Siri,” she told CNN. Bennett said she didn't know she voiced Siri until Apple integrated it into the iPhone in 2011.

Q:        What is Bitcoin?

Avant!: Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.

Initial release: 0.1.0 / 9 January 2009 (9 years ago)

Ledger start: 3 January 2009 (9 years ago)

Coins: Unspent outputs of transactions (in multiples of a satoshi)

Supply limit: ₿21,000,000

Founder: Satoshi Nakamoto

Programming language: C++

Though still a young AI, one can glean an already impressive level of specificity in Avant!’s answers, perhaps particularly “Who is Siri?”. Users might have expected Avant! to opt for an explanation of what Siri is from a technological standpoint, but it clearly responded to the exact language used to formulate the question. Dr. Rittman explained how Avant! works and how this accuracy is achieved.

“When a question is asked, Avant! is searching hundreds of thousands (or millions if necessary), websites for information about the topic,” he said. “Then it digs further, inside these sites, analyzing their info, its accuracy, validity and authenticity. If needed, the info found is compared to other sites. Avant! produces results and narrowing the number of websites, to about 100 with the best knowledge about the asked topic. Then another analysis cycle is executed on these sites, narrowing to 10 most relevant web site and from these Avant! collects/presents the best info. All this is done fast, within seconds.”

Dr. Rittman explained how the latest Avant! version’s private user system allows a personalized storage of data, making it particularly useful for professionals.

“Now, that it has private user system, professionals and individuals can use Avant! for their benefits 24/7,” he said. “For example, Medical Doctors can keep knowledge base system of their own about their medical field. In addition to the fact that they can ask Avant! about a specific medical topic, the answers are kept for future use. Aeronautics engineers can ask their own professional questions and create their own knowledge based library. And so on…”

Avant! is still quite new, however, and can still make occasional bungles. The following example illustrates one such instance, in which Avant! comically gets a question about NVIDIA Corporation (NasdaqGS:NVDA) wrong.

Q:        Tell me about NVIDIA Corporation.

Avant!: I am an AI engine, made by Gopher Protocol

This is not unusual though. A compendium of amusing mistakes from Apple’s (NasdaqGS:AAPL) Siri from the site Macworld shows that this is a necessary growing pain that AI must go through.

Eg:       And if I want to see Hamlet, which happens to be playing at the local theater this evening? Um…

Q:        “Where can I see a Shakespeare play?”

Siri:     “What would you like to listen to?”

Dr. Rittman emphasized Avant!’s age as the reason for the occasional humorous response, but indicates that it may in fact be hints of an emerging personality.

“Avant! is not perfect,” he said. “Like a child that just now was born, it has plenty to learn... We just released it to the world about 2 months ago. So yes, sometimes, we get funny answers. But since Avant! is already has its initial cognitive mechanism, we don't rule out that it starts to develop some personality. Are these funny answers that we are getting are an imperfection of Avant! or he is just joking?”

Finally, Dr. Rittman said that it was the company’s aim to eventually free Avant! to be without supervision, likening it again to a child maturing past the need of parental custody.

“Avant! is still a supervised AI entity but our goal is to make it completely independent, and ultimately an unsupervised AI entity, exactly as a human,” he said. “But the road is still long and as we teach a child about what's right and what's wrong, we'll have to do the same with Avant!. Only after he is well educated about virtues and values, about right and wrong, about morals and privacy, we'll set it free, exactly as loving parents would do with their children…”

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Disclaimer/Disclosure: 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, contents 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. Disclosure: Disclosure: GOPH is a PR, social media and publishing client and compensates Investorideas.com - More disclaimer info: shttps://www.investorideas.com/About/Disclaimer.asp , http://www.investorideas.com/About/News/Clientspecifics.

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Investorideas.com - The #AI Eye: Gopher Protocol (OTCQB: $GOPH) Developing Ontology System for #Avant! AI, #Qualcomm ( $QCOM) Signs Patent Licensing Agreement with VinSmart

Investorideas.com - The #AI Eye: Gopher Protocol (OTCQB: $GOPH) Developing Ontology System for #Avant! AI, #Qualcomm ( $QCOM) Signs Patent Licensing Agreement with VinSmart

The #AI Eye: Gopher Protocol (OTCQB: $GOPH) Developing Ontology System for #Avant! AI, #Qualcomm ( $QCOM) Signs Patent Licensing Agreement with VinSmart

AI in Healthcare to Grow to $19.9 Billion in 2024 at a CAGR of 48.7%

Point Roberts, WA and Vancouver, BC - December 14, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today's podcast:

https://www.investorideas.com/Audio/Podcasts/2018/121418-AI-Eye.mp3

The AI Eye: Gopher Protocol (OTCQB: $GOPH) Developing Ontology System for Avant! AI, Qualcomm ( $QCOM) Signs Patent Licensing Agreement with VinSmart

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

AI in Healthcare to Grow to $19.9 Billion in 2024 at a CAGR of 48.7%

Energias Market Research has published a new report titled: Global Artificial Intelligence (AI) in Healthcare Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024. One of the key findings of the report is that the market will grow from $1.12 billion USD in 2017 to $19.9 billion USD in 2024. During this forecast period the market will exhibit a compound annual growth rate of 48.7 percent. Drivers of this growth include the growing adoption of AI in medical research, the limited number of healthcare professionals to cure patients, and an increasing demand for precision medicine.

Gopher Protocol Developing Ontology System for Avant! AI, Qualcomm Signs Patent Licensing Agreement with VinSmart and Mercury Systems Unveils RES Trust Server Product Line

Stocks discussed: (OTCQB:GOPH) (NasdaqGS:QCOM) (NasdaqGS:MRCY)

Gopher Protocol Inc. (OTCQB:GOPH) is developing a dynamic ontology system for Avant! AI. The press release defines ontology in this context as "a set of concepts and categories in a subject area or domain that possesses the properties and relations between them" and says that the Avant! Ontology system is automated and self learned and can scale and adapt to learn new information. Dr. Danny Rittman, Gopher's Chief Technology Officer, said:

"We believe the Avant! ontology system will be one of the most important factors in order to enable clear "understanding" of information. One can think about our ontology as an ever-growing, knowledge base analyzing, system. The Avant! ontology is designed to be dynamic, so it will be able to grow independently with time upon learning of new information. Static ontologies are an impediment when attempting to learn and understand new information at the pace of information growth in the world today. That is why Gopher Avant!'s dynamic, self-generative ontology enhances knowledge discovery to an unprecedented new level."

QUALCOMM Incorporated (NasdaqGS:QCOM) has signed a Patent Licensing Agreement with Vietnamese smart device company VinSmart, a wholly owned subsidiary of VinGroup. Quoting from the press release: "Under the terms of the Agreement, Qualcomm has granted VinSmart a royalty-bearing patent license to develop, manufacture and sell branded multimode complete terminals such as 4G/5G smartphones."

Mercury Systems, Inc. (NasdaqGS:MRCY) has unveiled the RES Trust, the latest of the EnterpriseSeries rackmount server product line. Describing the server, Vice President and General Manager of Mercury's Trusted Mission Solutions group Scott Orton said:

"Our RES Trust servers are designed for critical applications in which trust is imperative and security must be built-in, not bolted on. Trust and security are no longer optional for many of our customers. With our commercial business model and system security expertise we are committed to meeting their requirements while keeping customer costs and risks low."

Sam Mowers, Investorideas.com

Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

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Investorideas.com Newswire - #Tech News: Gopher Protocol (OTCQB: $GOPH) Develops a Dynamic Ontology System for Avant! AI

Investorideas.com Newswire - #Tech News: Gopher Protocol (OTCQB: $GOPH) Develops a Dynamic Ontology System for Avant! AI

#Tech News: Gopher Protocol (OTCQB: $GOPH) Develops a Dynamic Ontology System for Avant! AI

San Diego, CA - December 14, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions, announced today it is developing Avant! dynamic ontology system in order to enable genuine "understanding" of NLP (Natural Language Processing) data.

An ontology is a set of concepts and categories in a subject area or domain that possesses the properties and relations between them.

For example, if Gopher were to create a set of concepts defined for, say, a department store, Gopher would define the store’s main topics including things like: item, category, vendor name, customer name, POS, etc. Gopher would also introduce further details about topics types including clothes, shoes, home appliances, etc., by their respective vendor and brand names. Based on shopper's purchases, the system will define the connections of items, vendors, preferences, and more. The system will then define the relationships between all these topics to build an ontology for the shopper.

Typically to build a robust ontology, even at this small scale, is a very complex task. That is why we are creating a dynamic ontology for Gopher’s Avant! AI.

A dynamic ontology can scale and adapt to learn new information, adding it to its ever-growing knowledge base. The Avant! ontology system is automated and self-learned. It continuously disambiguates incoming knowledge, enabling optimal decisions. Gopher’s ontology system will continue to expand its terms and knowledge upon learning new concepts, attributes, hierarchies, and behavioral relationship rules.

"We believe the Avant! ontology system will be one of the most important factors in order to enable clear "understanding" of information," provided Danny Rittman, Gopher’s Chief Technology Officer. "One can think about our ontology as an ever-growing, knowledge base analyzing, system. The Avant! ontology is designed to be dynamic, so it will be able to grow independently with time upon learning of new information. Static ontologies are an impediment when attempting to learn and understand new information at the pace of information growth in the world today. That is why Gopher Avant!’s dynamic, self-generative ontology enhances knowledge discovery to an unprecedented new level.

Our system is continuously evolving, as it will be constantly exposed to new information, creating knowledge graphs which will include all logical concepts. Furthermore, the Avant! ontology is designed to increase the accuracy of its machine learning by providing a dynamically growing, knowledge base system that could be far superior to today's existing systems.

Another key advantage of our ontology is its capability to assist in the evaluation of derived knowledge alongside existing knowledge, therefore enabling reliable and accurate data including dependencies. Summing up, we are developing the Gopher Avant! AI ontology to be its own dynamic, self-learning, "understanding" system, enabling it to expand its terms, definitions and knowledge in order to be able to assist humans in wide variety of domains," stated Dr. Rittman.

About Gopher Protocol Inc. (http://gopherprotocol.com)

Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. Gopher has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. Gopher’s system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. Gopher envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and 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
Gopher Protocol Inc.
VM Only 888-685-7336
Media: press@gopherprotocol.com

SOURCE: Gopher Protocol Inc.

Gopher Protocol, Inc. (OTCQB:GOPH) is a featured tech stock on Investorideas.com

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Investorideas.com - The AI Eye: NICE ( $NICE) Unveils New Version of #AI Automated Robotic Process Suite, Wipro Launches Automotive Innovation Center in Detroit and Apple ( $AAPL) to Invest $1 Billion on Austin Campus

Investorideas.com - The AI Eye: NICE ( $NICE) Unveils New Version of #AI Automated Robotic Process Suite, Wipro Launches Automotive Innovation Center in Detroit and Apple ( $AAPL) to Invest $1 Billion on Austin Campus

The AI Eye: NICE ( $NICE) Unveils New Version of #AI Automated Robotic Process Suite, Wipro Launches Automotive Innovation Center in Detroit and Apple ( $AAPL) to Invest $1 Billion on Austin Campus

Point Roberts, WA and Vancouver, BC - December 13, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The AI Eye: NICE ( $NICE) Unveils New Version of #AI Automated Robotic Process Suite, Wipro Launches Automotive Innovation Center in Detroit and Apple ( $AAPL) to Invest $1 Billion on Austin Campus

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

AI in Agriculture to Reach $2.63 Billion Globally by 2025

Digital Journal reports that new research from HTF Market Intelligence indicates that the Global Artificial Intelligence in Agriculture market is projected to exhibit a compound annual growth rate (CAGR) of 22.5 percent in the forecast period of 2018-2025. This will see the market increase from $518.7 million USD in 2018 to $2.63 billion USD in 2025. Market drivers highlighted by the research include the rising demand of cattle face recognition technology and a generally increased dependency on machine learning.

NICE Unveils New Version of AI Automated Robotic Process Suite, Wipro Launches Automotive Innovation Center in Detroit and Apple to Invest $1 Billion on Austin Campus and Expand Across US

Stocks discussed: (NasdaqGS:NICE) (NYSE:WIT) (NasdaqGS:AAPL)

NICE ltd. (NasdaqGS:NICE) has unveiled version 7 of its Robotic Process Automation production suite. The press release says that the new version is designed to "streamline all stages of the automation lifecycle" using "a culmination of innovative developments driven by AI-infused automation technology". Miki Migdal, the President of the NICE Enterprise Product Group commented:

"By helping to eliminate many common obstacles in the automation life-cycle, NICE RPA 7.0 not only contributes towards the growth and enablement of the industry, but also bridges the barriers and uncertainties between humans and robots by contributing automation technology that is designed to act as an 'employee buddy' and enhance the potential of employees."

Wipro Limited (NYSE:WIT) has announced the launch of an Automotive Innovation Center in Detroit, Michigan. The new center will develop and showcase cutting-edge solutions that leverage artificial intelligence, analytics, Industrial Internet of Things (IIOT), cloud and crowd sourcing. Milan Rao, the President of Marketing, Innovation and Technology at Wipro said:

"The convergence of automotive and digital tech is more important now, than ever before, to create a new ecosystem that will drive the new rules of success for automotive manufacturers and suppliers."

Apple Inc. (NasdaqGS:AAPL) will build a new campus in Austin, and major expansions across the U.S. The company has announced a $1 billion investment in a North Austin campus, as well as plans to establish new sites in Seattle, San Diego and Culver City and expand in cities across the United States including Pittsburgh, New York and Boulder, Colorado over the next three years, with the potential for additional expansion elsewhere in the U.S. over time. The press release states that Apple is on track to create 20,000 new jobs in the U.S. by 2023.

Sam Mowers, Investorideas.com

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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/

Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: 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, contents 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. Disclosure: Disclosure: GOPH is a PR, social media and publishing client and compensates Investorideas.com - More disclaimer info: shttps://www.investorideas.com/About/Disclaimer.asp , http://www.investorideas.com/About/News/Clientspecifics.

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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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