The AI Eye: GBT (OTC PINK: $GTCH) Completes Phase I of Avant! AI Expert Agent, Accenture (NYSE: $ACN) Acquires Analytics8 and IBM (NYSE: $IBM) Works with Lightship Works
Point Roberts, WA and Vancouver, BC - August 30, 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: GBT (OTC PINK: $GTCH) Completes Phase I of Avant! AI Expert Agent, Accenture (NYSE: $ACN) Acquires Analytics8 and IBM (NYSE: $IBM) Works with Lightship Works
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC PINK:GTCH) (NYSE:ACN) (NYSE:IBM)
GBT Technologies Inc. (OTC PINK:GTCH) has completed its phase I Avant! Artificial Intelligence "Expert Agent", and has released it for public use as beta version where visitors can ask it questions. Danny Rittman, GBT CTO, commented:
"This is one of our major milestone and achievement for GBT CR. Avant! can be used as an Expert Agent in a wide variety of domains, including such fields as medicine, law, finance, education, customer support and virtually any knowledge base. The system learns the subject by scanning information from documentation like books, research papers, etc. In addition, the system learns from the Internet and can be trained by humans. All these informational resources are used within the Avant! AI platform Expert Agent so that it can understand questions, analyze information and provide conclusions.
Accenture (NYSE:ACN) has completed its acquisition of privately-held big data and analytics consultancy Analytics8, thereby strengthening its capabilities to deliver AI-powered data and advanced analytics services to clients across Australia and New Zealand. Dr. Athina Kanioura, Accenture's chief analytics officer and global Applied Intelligence lead, said:
"The acquisition of Analytics8 means we have further bolstered our applied intelligence offering, scaling at speed to meet the growing demand for AI-powered intelligence."
IBM (NYSE:IBM) is working with Lightship Works, an intelligent field operations start-up in Kamloops, British Columbia, to integrate AI with IBM Watson on IBM Cloud into the latter's disaster response solutions. Jaethan Reichel, CEO and co-founder, Lightship Works, commented:
"Technology is a game-changer that augments capacity of first responders and recovery agencies. We are witnessing a trend where natural disasters are becoming more complex, frequent, and of higher intensity than ever, so it is really important that the technology be easy to use but also incredibly stable, secure, and responsive. That is one of the reasons we decided to work with IBM."
Global AI in Robotics Market to Reach $12.3 Billion by 2023
A report from Research Mentor finds that the global AI in Robotics market will grow from $2.7 billion in 2017 to $12.3 billion by 2023 with a compound annual growth rate (CAGR) of 28.64 percent in the forecast period of 2018-2023. An abridged excerpt from the report summary reads:
Support from governments worldwide to develop modern technologies is driving the growth of the market. [...]. Service robots are expected to hold the major share of the AI robots market in 2018; the market for these robots is expected to grow at a high rate during the forecast period. Service robots are used for various applications worldwide. The increasing adoption of these robots for personal use, such as companionship and entertainment and the high adoption of robots for personal use is driving the growth of the market for service robots.
Sam Mowers, Investorideas.com
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