AI Eye Podcast 493: GBT Completes qTerm Prototype, Enters Testing / Debugging Phase, and Enterprise AI Software Firm C3.ai (NYSE: $AI) Opens On NYSE
Point Roberts, WA and Vancouver, BC - December 10, 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 Podcast 493: GBT Completes qTerm Prototype, Enters Testing/Debugging Phase, and Enterprise AI Software Firm C3.ai (NYSE: $AI) Opens On NYSE
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:AI)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that its joint venture, GBT Tokenize Corp, has completed its AI-powered qTerm human vital signs device prototype, and is now in the testing and debugging phase. This phase ensures overall functionality by checking the device's sub-systems including BLE (Bluetooth Low Energy), IR heat sensors, oximeter sensors, power management and others. Danny Rittman, GBT's CTO, said:
"In parallel we are testing the device connection with its mobile application via Bluetooth. The mobile application will provide numerical and statistics information based on the device's electronic results. The app is designed to send the data to a machine learning based backend program for further analysis. qTerm mobile app enables a voluntary, anonymous, proximity alert notification in order to help users and the community fight the pandemic spread. The app is designed to detect and alert in case another person, with the same app, and with elevated body temperature, is in proximity of 6 feet. The app will exchange a secure code with the other phone to record that they were near. Our AI technology will analyze the measurements results in order to identify potential health issues. In case of potential health issue detection, the system will alert the users in order to reduce the potential exposure risk to their families, friends, neighbors, co-workers and others. We put extra attention to the user's privacy and data protection. We are making all of our efforts to complete the testing as soon as possible in order to move to the full production of qTerm."
C3.ai, Inc. (NYSE:AI) opened for trading on the NYSE yesterday at $100 per share, with a first-day gain "as high as 143% with a market cap nearing $10 billion intraday," according to an article from CNBC. C3.ai is an enterprise AI software company and provides software-as-a-service applications such as its platform-as-a-service application, C3 AI Suite. The CNBC article goes on to indicate that C3.ai "closed trading ranked No. 12 year-to-date among public offerings, more than doubling in its debut and ending the day up 120%." The company's founder and CEO, Tom Siebel, said:
"The markets will do what the markets will do. This is a financing event for C3 to enable us to meet the needs of rapidly expanding demand for what we do ... and we're very pleased to be able to participate. This is a testament to the great work that the employees of C3 have done over the least decade and now we're ready to expand this business to global scale."
Global Automotive AI Market to Reach $74.5 Billion by 2030
A report published by Research and Markets finds that the global Automotive AI market will grow from $2.49 billion in 2019 to $74.5 billion by 2030, with a compound annual growth rate (CAGR) of 36.2 percent in the forecast period 2020-2030. An excerpt from the report description outlines some trends in the market:
The growth of the automotive artificial intelligence market is attributed to the rise in the demand for autonomous vehicles and the increase in the preference for improved user convenience and experience. However, security and privacy concerns and rise in cybercrime are impeding the market. On the other hand, surge in the demand for premium vehicles is anticipated to create lucrative opportunities in the market.
Sam Mowers, Investorideas.com
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