The AI Eye: Gopher Protocol (OTC: $GOPH) to be Renamed With Reorganization and Reverse Stock Split, Microsoft (Nasdaq: $MSFT) and AT&T (NYSE: $T) Announce Strategic Alliance
Point Roberts, WA and Vancouver, BC - July 17, 2019 (Investorideas.com Newswire) 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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The #AI Eye: Gopher Protocol (OTC: $GOPH) to be Renamed With Reorganization and Reverse Stock Split, Microsoft (Nasdaq: $MSFT) and AT&T (NYSE: $T) Announce Strategic Alliance
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC:GOPH) (NasdaqGS:MSFT) (NYSE:T)
Gopher Protocol, Inc. (OTC:GOPH) has announced that it will be renamed as "GBT Technologies, Inc.", as it finalizes its reorganization. The company currently owns 25 percent of GBT Technologies, S.A. - a private Costa Rican firm 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. The process will potentially see both companies combining market and technology coverage, and possibly rebranding the new platform as a global business. Gopher will also be implementing a 100:1 reverse split of its stock in an effort to maximize shareholder value. Douglas Davis, Gopher's CEO, said:
"We are excited to be able to potentially attract a more diverse investor base and a more global go-to-market and technology strategy. We want to thank all of our shareholders who have supported us to date, and look forward to our future together."
Microsoft (NasdaqGS:MSFT) and AT&T (NYSE:T) have announced a strategic alliance that will see both companies applying cloud, AI, and 5G, to improve how people live and work. According to the press release, "the two companies envision scenarios with 5G enabling near-instantaneous communications for a first responder who is using AI-powered live voice translation to quickly communicate with someone in need who speaks a different language". John Donovan, CEO, AT&T Communications, commented:
"AT&T and Microsoft are among the most committed companies to fostering technology that serves people. By working together on common efforts around 5G, the cloud, and AI, we will accelerate the speed of innovation and impact for our customers and our communities."
Global Robot Software Market to Hit $7.527 Billion by 2025
Research from Market Insights Reports finds that the global robot software market will grow from $1.142 billion USD in 2017 to $7.527 billion USD in 2025 with a compound annual growth rate (CAGR) of 45.8 percent in the forecast period. An excerpt from the report's coverage on Market Research Journalist reads:
Robot Software is an Artificial Intelligence (AI) system used to perform the autonomous task. It is basically a set of the coded system which executes the given commands. Any type of system which incorporates AI is might be called as robot software.
The increasing adoption of robots for commercial and industrial applications, developing artificial intelligence (AI) and Internet of Things (IoT) technologies, and increasing demand for advanced solutions by manufacturers to provide high-quality products at affordable prices are some of the major driving factors of the robot software market. However, the lack of skilled expertise is one of the major restraining factors for this market. Rising adoption of robotics by SMEs and growth in industry 4.0 are some of the key trends which are expected to offer lucrative opportunities for investors in the global robot software market. Whereas, security issues related to DDoS attacks on robotics data is one of the major challenges faced by the players of the global robot software market.
Sam Mowers, Investorideas.com
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