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AI Eye Podcast 518: GBT Begins Development of Long-Range Radio System for Telemedicine and Open Text Corporation (NasdaqGS: $OTEX) Launches BrightCloud Cloud Service Intelligence

 

Point Roberts, WA and Vancouver, BC - February 5, 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 518: GBT Begins Development of Long-Range Radio System for Telemedicine and Open Text Corporation (NasdaqGS: $OTEX) Launches BrightCloud Cloud Service Intelligence

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:OTEX)

GBT Technologies Inc. (OTC PINK:GTCH) has begun development of a long range radio system targeting global communication for remote telemedicine. This will involve an ultra-long-range radio system working with the company's qTerm human vital signs device "to enable data and audio communication for long distances." GBT's CTO Danny Rittman explained:

"Imagine a mountain climber somewhere in the Himalayas that encountered a health-related issue and needs an immediate physician consultation. Obviously, there is no conventional communication at this location and even a satellite phone can maintain near-continuous, delayed global coverage at times. With this system the climber will be able to take vitals using a qTerm device and send the results to a physician in New York city in real-time. Since the technology is designed to be bi-directional we envision the physician being able to advise on further steps to assist with the health emergency. In addition, a full audio communication can be established with the physician via this channel."

Open Text Corporation (NasdaqGS:OTEX) has announced the release of BrightCloud Cloud Service Intelligence, which according to the press release enables "Cloud Access Security Brokers (CASB) and other security and technology vendors to enforce data-centric security policies and prevent unwanted interactions with cloud services and associated applications." OpenText Chief Product Officer Muhi Majzoub explained:

"The risks in securing cloud applications are fairly straightforward; if IT doesn't know about an unsanctioned application or service, they can't adequately protect it or the data it accesses and stores. Modern user practices, tools and remote work are demanding a new era of real-time visibility. Which is why real-time threat intelligence is built into this new cloud-specific solution, utilizing over 10 years of innovation at the forefront of AI and ML."

Global AI in Retail Market to Register CAGR of >30% from 2021-2027

A report published by Global Market Insights finds that the global AI in Retail market, which exceeded $2 billion in 2020, will register a compound annual growth rate (CAGR) of over 30 percent in the forecast period 2021-2027. An excerpt from the report summary reads:

Growing investments in AI technology to develop innovative applications for improving retail customer experience are driving the industry growth. These increasing investments are attributed to the widespread applications of AI technology, which include advanced analytics, machine learning, deep learning, object recognition, and other cognitive solutions.

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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