Santa Monica, CA - December 6, 2019 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ wireless mesh network technology platform and its Avant! AI, for both mobile and fixed solutions aimed at expanding AI market opportunities, announced today it will deploy its Avant! AI into the field of Sports Handicapping.
Sports Handicapping is used in scoring many games and competitive sports, and refers to the various methods by which spectators may predict and quantify the results of a sporting match. The term is applied to the practice of predicting the result of a competition, such as for purposes of betting against the point spread.
As announced last month, GBT implemented a new approach within its intelligent AI agent, recurrent relational reasoning (used in Recurrent Relational Networks - RRN). The new set of algorithms enables GBT's AI system to explicitly consider relations between objects, or abstract ideas. The RRN methodology will be implemented within Avant! AI within the next months, enabling a logic analysis boost to handle vastly complex information and data interpretation.
RRN is an artificial neural network component with a structure that can reason about relations among objects. Avant!'s RRN method performs multiple analyses simultaneously, analyzing each object and its connections to others, and creating alerts in the case of abnormalities. Each object is evaluated considering other objects' relations to propagate from one object to the next, examining methodically complex chains of interactions.
GBT's new pilot project to deploy the new set of algorithms into Sports Handicapping will try to cope with a "human-based industry" via an AI platform to pick certain games from existing lines published by main betting providers.
Please note that GBT doesn't condone gambling, illegal or otherwise. GBT further advises that, if the reader is of legal age, then any gambling should be done legally. GBT is not responsible for any losses. GBT will publish its picks as a press release and will follow up with an additional press release to report on its percentage of accuracy for these picks. *
Avant!'s intelligent agent initial release is already available to the public as a proof of concept and is acting as an expert agent for GBT's own web site, providing information about GBT Technologies. The agent is now officially released on: avant-ai.net.
About GBT Technologies Inc.
GBT Technologies Inc. (OTC PINK: GTCH) ("GBT") (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. GBT has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. GBT'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. GBT 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 GBT Technologies, S.A.
GBT Technologies, S.A., a private Costa Rican corporation (GBT - http://gbttechnologies.com/) is a development-stage company in the business of the strategic management of BPO (Business Process Outsourcing) digital communications processing for enterprises and startups; distributed ledger technology development, AI development and fintech software development and applications.
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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.
* Avant! -AI set of algorithms enables GBT to potentially provides users with features and services, including statistical information, handicapper picks, and other interactive and non-interactive features, all of which may be updated, deleted, or otherwise modified from time to time at the discretion of the GBT. The "Picks" will be provided "as is" and that GBT assumes no responsibility in connection with your use of the said Picks, the Services or the Content. The Picks are provided for entertainment purposes only. Persons under the age of 21 are prohibited from using the information provided by GBT with regards to its published Picks and their uses, if any.
GBT is never directly or indirectly compensated to provide its Picks. The views and opinions expressed by providing Picks on this platform are purely those of the GBT as generated by Avant! -AI, without any responsibility. GBT makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contain on its Picks or any sites linked to or from GBT.
Dr. Danny Rittman, CTO
GBT Technologies Inc.
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