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AI Eye Podcast 527: GBT Continuing Research on AI-Based Remote Controlled Robots for Medical Field, and Lionbridge Closes Sale of AI Division to TELUS International (NYSE: $TU)

 

Point Roberts, WA and Vancouver, BC - March 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 527: GBT Continuing Research on AI-Based Remote Controlled Robots for Medical Field, and Lionbridge Closes Sale of AI Division to TELUS International (NYSE: $TU)

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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:TU) (NYSE:TIXT)

GBT Technologies Inc. (OTC PINK:GTCH) is continuing its research on AI-based robotics technology for the medical field. Specific focus of this research is on remote controlled robots for use in medical procedures, which use "mechanical arms aimed to assist surgeons providing significant advantages when it comes to delicate surgeries and procedures." The company's CTO, Danny Rittman, explained:

"As part of our ongoing AI based robotic research program we are now investigating into remote operated robotics for medical purposes. For the past decade we have witnessed a significant development in the field of robotic systems for the medical field in a wide variety of domains. Mechanical robotic arms along with algorithmic control software are emerging for complicated surgeries and procedures. Due to the advantage of high precision movements and accurate organs identification, robotic systems are becoming a common operating room equipment to assist surgeons and physicians with diagnostics and surgeries. An example for preventative diagnostic procedure is a colonoscopy where a machine vision can be of great assistance to view and analyze objects for suspicious abnormalities. We believe this type of procedure can be done via a remote-controlled robotic system, supervised by a surgeon. The robotic system is aimed to be surgeon operated via a remote computer program or a console performing minimally invasive procedures. We believe the combination of machine vision as the system's eyes and a high accuracy mechanical control can create a whole world of possibilities for research and development of efficient medical, AI based, robotic applications. We are excited to conduct this research which we consider as the forefront of medical robotic technologies, introducing better health care possibilities for patients and surgeons."

Lionbridge, a global leader in translation and localization solutions, has closed the sale of its artificial intelligence division, Lionbridge AI, to TELUS Corporation (NYSE:TU) subsidiary, TELUS International (NYSE:TIXT). Lionbridge CEO John Fennelly commented:

"Combining Lionbridge's AI business with TELUS International's advanced set of digital platforms will create a newly formed company with a unique set of cutting-edge solutions. In addition to enhancing TELUS International's go-to-market strategy, we felt this merger was a very good cultural fit for our talented global team given our companies' shared commitment to employee engagement and well-being. I have no doubt that our AI team and their expanding community will continue to thrive as part of TELUS International."

Global AI in Retail to Reach $15.05 Billion by 2028

A report published by Verified Market Research finds that the global AI in Retail market will grow from $1.94 Billion in 2020 to $15.05 billion by 2028 with a compound annual growth rate (CAGR) of 29.18 percent in the forecast period 2021-2028. An excerpt from the report's description outlines drivers in the market:

The global Artificial Intelligence in retail market is principally driven by the growing investments in AI technology to develop innovative applications for improving retail customer experience. Machine learning and deep learning technologies are anticipated to have the most notable market share during the forecast period. The recent COVID-19 outbreak has imposed strict lockdown across various parts of the globe. This lockdown also forced the temporary shutdown of many retail stores across the globe.

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 of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

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