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AI Eye Episode 491: GBT Files Non-Provisional Patent for ALU Microchip and Centene Corporation (NYSE: $CNC) Completes Acquisition of Apixio

 

Point Roberts, WA and Vancouver, BC - December 8, 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 - featuring technology company GBT Technologies Inc. (OTCPINK:GTCH)..

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AI Eye Episode 491: GBT Files Non-Provisional Patent for ALU Microchip and Centene Corporation (NYSE: $CNC) Completes Acquisition of Apixio

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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:CNC)

GBT Technologies Inc. (OTC PINK:GTCH) filed, on December 2, 2020, a non-provisional patent with the United States Patent and Trademark Office seeking to protect certain intellectual property covering a new approach of Arithmetic Logic Unit (ALU) microchip. Danny Rittman, GBT's CTO, explained:

"We are aiming to break the ultimate limitations of our traditional, decimal/binary approach within ALU by introducing new calculation methods. In order to keep up with the growing demand for high performance computing, hardware engineers are looking to alternatives like Graphics Processing Units (GPUs) and Tensor Processing Units (TPUs) which are mainly based on parallel computing to execute more instructions at once rather than do basic operations faster. As Moore's Law is fading away, high performance computing will require a conceptual shift. As part of our R&D constant efforts to find new methods to improve our computing world, especially for advanced machine learning algorithms, we are seeking to develop new ideas with the goal of enabling high performance Arithmetic/Logic processing. The patent application seeks to protect a system and method. In parallel to filing the patent application, we plan to design an experimental, proof-of-concept microchip and test its performance against traditional ALUs."

Centene Corporation (NYSE:CNC) has completed its acquisition of Apixio, a healthcare analytics company offering AI technology solutions. According to an earlier press release, "Apixio provides a technology suite that mines, compiles and analyzes large volumes of disparate, unstructured patient data (such as physician notes and medical charts), and creates and refines algorithms to extract high-quality insights to support payers' and providers' administrative activities." Michael F. Neidorff, Chairman, President and CEO of Centene, said:

"We are pleased to have completed our acquisition of Apixio, further solidifying our position as a technology company focused on healthcare. I would like to officially welcome the Apixio team to the Centene family and look forward to working together to leverage comprehensive data to help improve the lives of our members."

Global Image Recognition in Retail Market to Reach $3.7 Billion by 2025

A report published by Research and Markets finds that the global Image Recognition in Retail market will grow from $1.5 billion in 2020 to $3.7 billion by 2025 with a compound annual growth rate (CAGR) of 20 percent in that forecast period. The report description identifies key drivers in the market as being the "Need to Increase On-Shelf Availability, Enhance Customer Experience, and Maximize ROI, Increasing the Use of Image Recognition Applications," the "Increasing Use of High Bandwidth Data Services," and the "Increasing Demand for Security Applications and Products Enabled with Image Recognition Functions."

Sam Mowers, Investorideas.com

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