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The AI Eye: GBT (OTCPINK: GTCH) Receives Updates on 2 Patents, IBM (NYSE: IBM) Ranked #1 by IDC for AI Market Share

 

Point Roberts, WA and Vancouver, BC - December 19, 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 (OTCPINK: GTCH) Receives Updates on 2 Patents, IBM (NYSE:IBM) Ranked #1 by IDC for AI Market Share

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

Stocks discussed: (OTCPINK:GTCH) (NYSE:IBM) (NasdaqGS:NVDA)

GBT Technologies Inc. (OTCPINK:GTCH) has received notice revealing two patent updates. The firm's communication microchip patent will be granted on December 31, 2019, and the second patent of Guardian Patch Tracking Device (the Continuation Patch Tracking Device Patent), which protects a broader scope of the invention, received its final allowance and the Company expects it will be granted in February or March 2020. GBT's CTO Danny Rittman explained:

"These two patents are an essential part of our technological IP within the communication/microchip fields and we are pleased to see them in their final approval stages. The communication microchip patent will be granted on December 31, 2019 and protects a wide variety of technological concepts and methodologies implemented within an IC (Integrated Circuit). This microchip technology opens a whole world of business opportunities through licensing to IC design firms. The new capabilities offered with this invention [are] expected to enable [the] design of high performance, low power, robust microchips that enhance our daily lives within [a] wide variety of domains. We will file for a continuation patent in order to protect [the] broader scope of the invention."

IBM (NYSE:IBM) has been ranked number one in global AI market share by revenue by the IDC (International Data Corporation). The company attributes this success to its Data Science Elite Team which, to date, "has grown to almost 100 data scientists around the world and has been deployed on more than 130 Artificial Intelligence, Data Science and Machine Learning projects, advancing the journey to AI for global customers". Seth Dobrin, Vice President, IBM Data and AI, and CDO IBM Cloud and Cognitive Software, commented:

"Companies come to us because they know they need an AI plan, but they often don't know where to start. Today, the Elite Team has become a key plank of IBM's AI strategy to help companies overcome the pitfalls of AI through innovative technologies and our dedicated Elite Team of data scientists."

Mobile transportation company Didi Chuxing is leveraging GPUs and AI technology from NVIDIA Corporation (NasdaqGS:NVDA) to develop autonomous driving and cloud computing solutions. According to the press release, Didi will specifically "use NVIDIA® GPUs in the data center for training machine learning algorithms and NVIDIA DRIVE™ for inference on its Level 4 autonomous driving vehicles". Rishi Dhall, vice president of Autonomous Vehicles at NVIDIA, commented:

"Developing safe autonomous vehicles requires end-to-end AI, in the cloud and in the car. NVIDIA AI will enable DiDi to develop safer, more efficient transportation systems and deliver a broad range of cloud services."

Global Healthcare Virtual Assistants Market to Reach $1.76 Billion by 2025

A report from Research and Markets finds that the global Healthcare Virtual Assistants market will reach $1.76 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 24.7 percent in the forecast period. An excerpt from the report description reads:

The factors such as increasing adoption of IoT, growing internet connectivity and smartphone devices, increasing focus on patient engagement, shortage of healthcare professionals, and increasing burden of lifestyle diseases, and need of reducing healthcare costs are the major factors driving the growth of the healthcare virtual assistants market. However, lack of awareness among healthcare professionals and data privacy and security awareness may hamper the growth of the market to a certain extent.

Sam Mowers, Investorideas.com

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