The AI Eye: GBT (OTCPINK: GTCH) Receives Innovation Opinion for 3D Microchip Patent and Accenture (NYSE: ACN) Agrees to Acquire Mudano
Point Roberts, WA and Vancouver, BC - February 4, 2020 (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 Innovation Opinion for 3D Microchip Patent and Accenture (NYSE: ACN) Agrees to Acquire Mudano #artificialintelligence
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:ACN)
GBT Technologies Inc. (OTCPINK:GTCH) has received an innovative opinion for its 3D microchip patent from a patent cooperation treaty (PCT). According to the press release, "A positive opinion is a professional examiner's analysis of the patent's claims." GBT's CTO, Danny Rittman, explained:
"This is exciting news regarding our 3D IC invention as we believe it could be used to create a new dimension for the integrated circuits arena. The patent seeks to protect new architectural and silicon structural approach in order to implement more devices on silicon in order to achieve more on-board circuits with higher performance. The invention covers FinFet technology and conventional CMOS technologies. With this new structural method, we aim to create new capabilities for IC designers, enabling [a] vast amount of circuits on one chip. This means more on-board features and smarter ICs especially when it comes to AI and storage microchips like memory and SSD (Solid State Drive). The invention covers new wafer-fab manufacturing disciplines for ICs processes as they have currently reached their physical limitations, enabling smaller chips yet with [a] larger device number. We expect the new concept to result in higher yield and performance while significantly lowering the circuit's power consumption. The patent covers multi-planetary structures, which we believe will create a new standard in this domain."
"The IC industry has reached its limit for physical device placements on chips and needs a quantum leap in order to maintain the constant demand for additional on-board features and capabilities. We believe this patent offers a breakthrough approach to enhance exponentially ICs' physical limits with numerous capabilities for smart applications."
Accenture (NYSE:ACN) has agreed to acquire Mudano, "a strategic data consultancy to U.K. financial services firms", which, according to the press release will enhance its "analytics, data and artificial intelligence (AI) transformation capabilities." The Mudano team will be absorbed into Accenture Applied Intelligence, a leader in AI vendor services, which in the past several months "has acquired Clarity Insights, Pragsis Bidoop and Analytics8." Athina Kanioura, chief analytics officer and global lead, Accenture Applied Intelligence, commented:
"Our acquisition momentum in Applied Intelligence over the past six months enables us to deliver AI at scale to clients around the world across a range of industries. By bringing new talent and capabilities into our business, we complement our ongoing organic growth strategy and increase our speed to market."
Now, Accenture's stock is up nearly three percent at press time, but it is unclear if this is related to the news discussed above. According to Yahoo!, much of the market is still in the midst of enjoying a rebound rally from the downtrend seen over the weekend.
Global LegalTech AI Market to See CAGR of 37.7% from 2019-2027
A report from Absolute Markets Insights finds that the global LegalTech AI market, which saw revenue of $3.245 billion USD in 2018, will witness a compound annual growth rate (CAGR) of more than 37.7 percent in the forecast period 2019-2027. An excerpt from the Industry Trends section of the report description reads:
The legaltech artificial intelligence has applications such as document management system, e-discovery, practice and case management, e-billing, contract management, IP management, legal research, legal analytics, cybersecurity, predictive technology, and compliance. The legal research segment holds the major share of 19% in [the] global legaltech artificial intelligence market and is expected to grow with a CAGR of 35.79%. The growing IP fillings around the world will boost the IP management segment over the forecast period owing to the benefits of AI powered legaltech to efficiently tackle the burden of complex and lengthy procedures of IP management. For instance, according to World Intellectual Property Organization's annual report, 3.3 million patent applications were filed in 2018 with consecutive rise of 5.2% from [the] past 9 years. Thus, global legaltech artificial intelligence market will grow owing to practices used in protection and management of the increasing legal filings in [the] IP sector.
Sam Mowers, Investorideas.com
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