Special Edition of AI Eye - GBT Technologies Inc. (OTCPink: $GOPHD) Talks about Costa Rica's Technology Hub Advancing its AI Technology
Fortune 100 Tech Companies - Amazon (NASDAQ: $AMZN) , Intel (NASDAQ: $INTC) , Hewlett Packard (NYSE: $HPE),IBM (NYSE: $IBM) also have Operations in Costa Rica
Point Roberts, WA and Vancouver, BC - August 15, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you a special edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence- featuring exclusive Q&A interviews with Dr. Danny Rittman, CTO of GBT Technologies Inc. (OTC PINK: GOPHD), and Salomon Ocon, CEO of GBT, Costa Rica.
Dr. Rittman, CTO
Danny, your company just announced that it is now testing the Avant! AI Virtual Agent through GBT Technologies, S.A., a Costa Rica company. Can you explain to investors and readers that aren't familiar with your company, what Avant! AI is, the current status, and what you hope to achieve with this new phase of development?
A: Dr. Rittman, CTO
Avant! AI is an Artificial Intelligence system, neural network-based, that is targeted to manage and supervise Gopher's technologies, although it can be deployed and implemented in other systems as self-learning management layer.
Back in 2018, as a courtesy to the public, we launched a question-answering interface with Avant!, which is capable of answering general knowledge questions whereby information is extracted from the Internet and additional resources. Questions can be posted in natural language to Avant!, which unlike traditional search engines, will synthesize and summarize the best available information about a topic, rather than giving a list of sites.
You mention an initial launch to familiarize the public with Avant! AI. What are some of the more complex solutions that Avant! will be able to address in the future?
A: Dr. Rittman, CTO
Avant! can provide context to the vast volume of unstructured data in our world today, enhancing human and machine capability. It can respond to highly complex situations and quickly provide a wide range of potential responses and recommendations which are backed by the evidence it has analyzed. Avant! is based on advanced reasoning and learning systems. Avant! AI technologies include deep learning and neural networks to "think" like a human would do.
We are now completing an Avant! branch to perform as a multipurpose expert agent. Avant! learns data and is able to perform as an expert in the domain. For example, Avant! can be fed medicine knowledge and then is able to identify symptoms and provide a diagnostic. Another example is to perform as a customer service agent for businesses. Due to recent interest in Avant! learning and training capabilities, we are researching another implementation of its features which is images analytics. Avant! could potentially analyze X-Ray, ultrasound and other formats of medical imaging and will be able to point to potential issues for further doctor's examination.
The system was developed by our research team and now will be transferred to, and tested by, GBT Costa Rica.
I had read that one of Costa Rica's biggest assets is its technology expertise and it is becoming a thriving technology hub. Can you talk about that and what you are seeing first-hand? In the past decade we can witness growing Hi-Tech hardware and software developments in Costa Rica.
A: Dr. Rittman, CTO
Costa Rica has a strong developer community, similar to what exists in the Silicon Valley. From meetups to hackathons, and through programs such as MenTe that are designed to involve women in science and technology, Costa Rica's vibrant and innovative software culture has attracted many companies eager to establish development centers in the country.
GBT Technologies Costa Rica has proven expert technical skills when it comes to software development in a wide variety of domains while working with the Gopher team. We are glad to share with the GBT Costa Rica team our technology in all domains and are looking forward to successful cooperation. I believe that this mutual collaboration will benefit both companies for years to come.
Apparently, 29 of the Fortune 100 companies have operations in Costa Rica, including Amazon (NASDAQ: AMZN) , Intel (NASDAQ: INTC) , Dole, P&G, Hewlett Packard Enterprise (NYSE: HPE) , IBM (NYSE:IBM) and many others . You are now also moving and setting up base there. Can you talk about that and how having access to this team can advance the AI technology?
A: Dr. Rittman, CTO
The list of companies that choose to nearshore in Costa Rica continues to grow. Tech giants such as IBM, HP and Intel have all established offices there. Clients such as Arrow Electronics, Finish Line and NBC have also leveraged development teams in Costa Rica. Witnessing major Hi Tech leaders opening R&D sites in Costa Rica strengthened our decision to join the movement and open our own R&D center there. In fact, some of these companies may well become our customers or partners down the road.
The collaboration with GBT Technologies benefits us by working with a team of experts in the software and hardware domains. Investing in Costa Rica R&D capabilities will enable the research and development of our sophisticated milestones to be faster and of higher quality. We are looking forward to developments in Costa Rica in our future domains, including autonomous machines, EDA, IoT, wireless mesh networking and mobile technologies.
Salomon Ocon, CEO of GBT, Costa Rica.
Can you discuss the recent transaction and how you see synergies with the two companies rolling out the current technology pipeline?
A: Salomon Ocon, CEO of GBT, Costa Rica.
I'm very excited to seize this opportunity to collaborate further together with GBT Technologies and get really in depth, as we have had the chance to be in "talks" and technology review for more than a year now. GBT Technologies Costa Rica started seeing potential synergies between the Companies in August 2018, then by meeting again at Gopher's participation from its Chairman, CTO and 2 consultants in the Futurist Conference in Canada.
We take pride in the work we've done in a very short span. GBT Costa Rica has experience in building fintech applications for banks, high performance exchange platforms, blockchain based-digital asset wallets and smart contracts, world class aggregation, and e-commerce platforms. GBT Costa Rica built the Avant! AI mobile applications (iOS and Android) for Gopher.
Both companies will be working on plans to potentially expand our geographic coverage of our financial services. GBT USA currently addresses the United States market through its ECS Prepaid terminals and software in roughly 9,000 retail locations. Working with GBT Costa Rica, GBT Technologies is planning to enhance its offerings and potentially address new growing vertical and geographic markets and products, including potentially via blockchain technology.
We also look forward to the possibility for our technology center to build on GBT USA's wireless mesh network technology using GBT Costa Rica software development abilities. The companies intend as business partners to pursue new markets such as government (both civilian and military); emergency services; air and space-based systems for unmanned vehicles including drones, aircraft and LEO (Low Earth Orbit) satellites, which in itself could potentially form a high-performance global wireless mesh network.
GBT Technologies Costa Rica can give GBT USA access to broader technologies and markets, especially in Latin America and a development team to enhance GBT USA own resources.
In 2018, Costa Rica exported more than US$3.3 billion in technology, information, and communication which was equivalent to approximately 5.8% of GDP. Can you discuss how your current tech team has evolved and their expertise and how you see Costa Rica as a base for really accelerating the future of this company?
A: Salomon Ocon, CEO of GBT, Costa Rica.
Despite being a small country, Costa Rica has specialized over the last decade in the creation of human talent with high education levels in different areas including finance, with deep-rooted values of excellence, commitment and a customer centric approach in business. These are just a fraction of what GBT Costa Rica Technologies' workforce offers.
Great strides have been made towards the specialization of human capital to sustain and create an ideal climate for the development of services with high quality standards. This has attracted multinational companies who have established satellite offices here – such as Intel, Microsoft, Sykes and Amazon. Costa Rica is a strategic location for 24% of the Fortune 100 companies. The country's regulatory frame, its laws and opportunities for foreign companies to settle down are among the very best in the world.
The main advantages and benefits of Costa Rica as an operational headquarters are:
Customized Technical Training: In order to improve its human capital skills, Government and private institutions have created customized educational programs to fit the needs of the industry, both local and international.
Tax incentives: The most attractive tax incentives package in Latin America, offering robust infrastructure. GBT has been approved by the Costa Rican Government to operate in a free – Tax Zone for 10 years.
Concentration of Technology Talent: While Costa Rica isn't geographically expansive, it boasts a great number of Information Technology professionals. Near 27,000 Costa Ricans work for companies operating in the U.S. market. Our human talent provides access to manpower short in supply where every qualified professional is welcome regardless of cultural background, race and gender. The country has a strong developer community, its standards comply even with those of Silicon Valley and other tech hubs through the pursuit of certifications such as PMP, Six Sigma, ITL and ISOs.
PREFERENTIAL ACCESS TO THE WORLD: 4 FTAs (Free Trade Agreements) signed which provide access to 57 trade partners, including the European Union (27), the United States, Canada, Mexico, Chile, China, Peru and Singapore among others.
Epicenter for Nearshore Software Development: The business culture emerges with open communication and ready collaboration. In addition, ticos (what we call the people of Costa Rica) have an incredible work ethic and passion for learning new technologies. As a result, an increasing number of companies including Amazon, Citibank and Procter & Gamble are choosing Costa Rica for their strategic, nearshore settings – taking advantage of a highly educated workforce and business-optimized environment.
ACCESS: There are more than 1,800 flights from the international locations to Costa Rica monthly. USA (+730 Flights), Europe (80 Flights), Other countries (990 Flights)
Infrastructure: Costa Rica boasts 100% telecom infrastructure redundancy.
All of the above has prepped our team with first hand, top of the world experience in their field and will add immeasurable amounts of value to any organization.
In the company's most recent news you stated "We are in the testing phase of our intelligent agent, and expect an exciting future for our Avant! Virtual Agent application." Can you expand on this and talk about your process for testing and what that will look like over the next 6-12 months?
A: Salomon Ocon, CEO of GBT, Costa Rica.
Gopher Protocol was recently renamed to, GBT Technologies Inc. .
GBT Technologies Inc. has moved all of its AVANT! AI and wireless mesh networking development to us here at GBT Costa Rica, where we have prioritized developing the AVANT! AI imaging recognition abilities. Just to get a flavor of where we're taking it now: On Friday Danny (GBT USA) made a presentation about the AVANT! AI to the medical team @ UC San Diego School of Medicine .... The medical team wants to be able to have early diagnosis of ultrasound findings and guidance for doctors. That's exactly what we at GBT Costa Rica have been planning for Avant!
Even now, Avant can do image analysis and point to suspicious findings that doctors will examine. There is currently a major medical problem that the images are unclear, and doctors often find it difficult to detect suspicious findings. In a deep image analysis which is a huge amount of information, Avant! With GBT Costa Rica development will be able to point out areas for further examination and the doctors will continue from there!!!
About GBT Technologies Inc. (formerly Gopher Protocol, Inc.)
GBT Technologies Inc. (OTC PINK: GOPHD) ("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. https://aggregator.genesisexchange.io/ (Beta Version)
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