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AI Eye Episode 471: TELUS International (NYSE: $TU) to Acquire Lionbridge AI

GBT Technologies’ JV GBT Tokenize Begins Development of Radio System for AI-Powered qTerm Human Vital Signs Device

 

Point Roberts, WA and Vancouver, BC - November 9, 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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AI Eye Episode 471: TELUS International (NYSE: $TU) to Acquire Lionbridge AI

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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:TU)

GBT Technologies Inc. (OTC PINK:GTCH) announced that its joint venture, GBT Tokenize, has commenced development of a new radio system for its AI-powered qTerm human vital signs device, enabling it as a private, secured, MESH radio communication network. GBT's CTO, Danny Rittman, commented:

"We have extensive experience, developing innovative radio technologies and we used them for tracking and IoT/Mobile concepts. We decided to test implementation of this radio platform within qTerm device to create another layer of advanced communication and offer future, additional features. We are now checking efficient frequencies for device communication, facing the challenge of low power consumption and long range. Another challenge will be the miniaturization of this radio system in order to fit within our qTerm device size. Since the system is planned to work with and without GPS, we believe it can save lives by bypassing the BLE system, transmitting, radio based emergency alert and location information. We already built an alpha version device to assess radio frequencies regarding power and range. The design is planned to continue throughout 2021."

TELUS International, the digital customer experience (CX) subsidiary of TELUS Corporation (NYSE:TU), has entered into an agreement to acquire Lionbridge AI. The press release describes Lionbridge AI as a "market-leading global provider of crowd-based training data and annotation platform solutions used in the development of AI algorithms to power machine learning." Jeff Puritt, President and CEO of TELUS International, explained:

"Given the "new-normal" post-COVID, with many experts expecting digitization efforts to further accelerate, we believe the market demand for data annotation services to support this increased investment in AI and machine learning will have similarly strong tailwinds. Today's announcement with Lionbridge AI is a further testament to TELUS International's commitment to continually elevate the breadth and scope of the leading-edge solutions we provide in order to meet the evolving needs of the valued brands we partner with today and into the future."

Global Speech Recognition AI Camera Market to Exhibit 23.90% CAGR from 2020-2027

A report published by Data Bridge Market Research finds that the global Speech Recognition AI Camera market will exhibit a compound annual growth rate (CAGR) of 23.90 percent in the forecast period 2020-2027. The following excerpt from the report's description outlines some trends observed in the market:

[The} increasing need for surveillance and monitoring at commercial stores, [the] adoption of deep learning, machine learning and natural language processing, [and the] rising usages of cameras to improve user experience are some of the factors which [are] likely to enhance the growth of the speech recognition AI (artificial intelligence) camera market in the forecast period of 2020-2027. [Additionally], advancement as well as development of big data along with integration of artificial intelligence technology in devices which will further boost various opportunities for the growth of the speech recognition AI (artificial intelligence) camera market in the above mentioned forecast period.

Sam Mowers, Investorideas.com

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