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AI Eye Podcast 517: GBT Begins Research Project to Enhance Nanometer IC Physical Verification Process and Shell (NYSE: $RDS-B), C3.ai (NYSE: $AI), Baker Hughes (NYSE: $BRK), Microsoft (NasdaqGS: $MSFT) Announce OAI

 

Point Roberts, WA and Vancouver, BC - February 3, 2021 (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 517: GBT Begins Research Project to Enhance Nanometer IC Physical Verification Process and Shell (NYSE: $RDS-B), C3.ai (NYSE: $AI), Baker Hughes (NYSE: $BRK), Microsoft (NasdaqGS: $MSFT) Announce OAI

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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:RDS-B) (NYSE:AI) (NYSE:BRK) (NasdaqGS:MSFT)

GBT Technologies Inc. (OTC PINK:GTCH) announced that it has begun a research project, with the internal name VeriSpeed, to develop a new system and methods to enhance nanometer Integrated Circuits' physical verification process. GBT's CTO Danny Rittman explained:

"We are seeking to introduce an intelligent key factor within the IC physical design and validation process by addressing probably the most significant part of it, the database processing. An efficient database engine is a key factor for speed and high performance of the entire physical verification process including its three main aspects. The DRC, Design Rules Check - Geometrical Rules, LVS - Layout Versus Schematic, the electrical rules, and DFM - Design for Manufacturing rules."

Shell (NYSE:RDS-B), C3.ai (NYSE:AI), Baker Hughes Company (NYSE:BKR), and Microsoft (NasdaqGS:MSFT) have announced the launch of the Open AI Energy Initiative (OAI), described as "a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries." The OAI aims to "accelerate deployment of AI-based reliability solutions to unlock significant economic value across the energy industry while helping to make energy production cleaner, safer, and more efficient." Uwem Ukpong, executive vice president of regions, alliances & enterprise sales at Baker Hughes, commented:

"Taking energy forward requires new approaches to technology that leverage collaboration, open data standards, and cutting-edge AI capabilities. Working alongside our alliance partners at C3 AI and together with industry leaders at Shell and Microsoft, the OAI will help address the persistent industry challenge of nonproductive downtime. This new ecosystem will leverage our strong existing BHC3 portfolio and is a promising step in the digital transformation of energy."

AI in Oil and Gas to Register 10.14% CAGR from 2021-2026

Research published by ReportLinker finds that the global AI in Oil and Gas market, which was valued at $2.04 billion in 2019, will register a compound annual growth rate (CAGR) of 10.14 percent in the forecast period 2021-2026. An excerpt from the report summary outlines some applications of AI in the market:

AI has multiple applications in the oil and gas industry, such as production optimization with computer vision to analyze seismic and subsurface data faster, downtime minimizing for predictive maintenance for oil and gas equipment, reservoir understanding, and modeling for predicting of oil corrosion risks to reduce maintenance costs. Moreover, the market studied has been witnessing many investments by big players in the technology.

Sam Mowers, Investorideas.com

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About GBT Technologies Inc.

GBT Technologies Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. GBT has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. GBT's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. GBT envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.

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