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AI Eye Podcast 521: GBT Files Patent for AI Facial Recognition System, and WellSpan Expands Deployment of Nuance (NasdaqGS: $NUAN) DAX

 

Point Roberts, WA and Vancouver, BC - February 16, 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 521: GBT Files Patent for AI Facial Recognition System, and WellSpan Expands Deployment of Nuance (NasdaqGS: $NUAN) DAX

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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:NUAN)

GBT Technologies Inc. (OTC PINK:GTCH), along with GBT Tokenize Corp., has filed a patent for an AI facial recognition system for computers and mobile devices with the U.S. Patent and Trademark Office (USPTO). The company's CTO, Danny Rittman, explained:

"The security of our electronic devices has become a major challenge in the past decade as we witness a significant increase in cybercrimes. As we are working on our health monitoring hardware and software technology, we aim to provide the highest level of data security and privacy for our users. Computer vision algorithms are applied directly to the given three-dimensional data that is taken by camera to develop detectors for locally interesting points. We apply vision-based methods to construct 3D object models from full or partial views. We are also introducing algorithms that consider spectral geometric features on structures, recognizing vertexes using stereotypical vision. We measure facial and bodily points distances and transform them into a 3D point figure using internal calibration algorithms. We expect that this process is done once during the user's training stage. We plan to evaluate further applications for this type of technology like health watcher system, fitness monitoring, airport security and law enforcement."

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that integrated health system WellSpan Health has expanded its deployment of the Nuance Dragon Ambient eXperience (DAX) ambient clinical intelligence (ACI) solution. According to the press release, WellSpan is now deploying the DAX in "Primary Care, Ob/Gyn, Podiatry, Urology, Urgent Care, and Cardiology practices." Diana Nole, Executive Vice President and General Manager of Healthcare at Nuance, explained:

"WellSpan has been a longtime leader in utilizing Nuance technology to improve patient care and clinician satisfaction, and with the expanded deployment of Nuance DAX, they are a forerunner in using ambient technology in a primary care setting notable for a highly diverse range of patients. WellSpan is another excellent example of the growing number of healthcare innovation leaders that are adopting Nuance ambient clinical intelligence technology as part of a comprehensive strategy to increase care quality and access, improve patient experience and physician satisfaction, and take major steps forward to alleviate physician burnout."

Global AI in Supply Chain Management to Reach $15.5 Billion by 2026

A report published by Research and Markets finds that the global AI in Supply Chain Management market will reach $15.5 billion by 2026. An excerpt from the report's description outlines some of the applications of AI in the market:

Various forms of Artificial Intelligence (AI) are being integrated into SCM solutions to improve everything from process automation to overall decision-making. This includes greater data visibility (static and real-time data) as well as related management information system effectiveness.

In addition to fully automated decision-making, AI systems are also leveraging various forms of cognitive computing to optimize the combined efforts of artificial and human intelligence. For example, AI in SCM is enabling improved supply chain automation through the use of virtual assistants, which are used both internally (within a given enterprise) as well as between supply chain members (e.g. customer-supplier chains). It is anticipated that virtual assistants in SCM will leverage an industry-specific knowledge database as well as company, department, and production-specific learning.

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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