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AI Eye Podcast 530: GBT (OTC: $GTCH) Begins Developing Smartphone App Infrastructure for qTerm Device, Parsons Corporation (NYSE: $PSN) Developing and Applying AI

 

Point Roberts, WA and Vancouver, BC - March 10, 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 530: GBT (OTC: $GTCH) Begins Developing Smartphone App Infrastructure for qTerm Device, Parsons Corporation (NYSE: $PSN) Developing and Applying AI

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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:PSN)

GBT Technologies Inc. (OTC PINK:GTCH) has started development of a smartphone mobile application infrastructure for the qTerm human vital signs device, targeted to work with a long-range radio system. The following excerpt from the press release provides a summary and status of the qTerm device:

Upon development, a future generation of the qTerm will be targeted to connect with a long-range mobile unit via Low Energy Bluetooth, transmitting a user's vital information. The development of the radio system contemplates sending the data to a base unit, and repeaters, if necessary. It is contemplated that the data will be then transferred to the AI system through a backend program. The backend program will be also responsible for communicating the data to a mobile application (iOS and Android) and a web application, maintaining full synchronization. It is the goal to have this entire communication process be secured within the radio and internet channels including advanced encryption protocols. GBT Tokenize's qTerm is aimed to measure human vitals with a touch of a finger. The device will be accompanied by a smartphone app and synchronized web application to keep a history and provide analytics for user's records. The development contemplates the device providing a geographical location which can be essential in case of alerting emergency response services. The company is aiming qTerm for telemedicine including remote locations where conventional communication services are not available. The mobile application architecture is aimed to identify the user's location, with or without the use of GPS, working with the long-range radio. Users will be able to send vitals via qTerm mobile application, including their geographical location, and communicate via audio using the radio system anywhere around the globe.

Defense, intelligence, and security tech firm Parsons Corporation (NYSE:PSN) has announced that it is developing and applying AI “across a wide array of federal solutions and critical infrastructure projects to solve our customer's most challenging problems, produce actionable intelligence, and improve the user experience.” The company’s CTO, Ricardo Lorenzo, explained:

"Parsons' artificial intelligence capabilities align with our customer's vision by improving situational awareness, decision-making, the safety of operating equipment, streamlining business processes, and protecting critical infrastructure. By combining our AI technical expertise with our operational understanding of the all-domain environment and critical infrastructure markets, we're working closely with our customers to develop leap-ahead technology that empowers operators at the tactical edge and beyond. We're also developing differentiated capabilities that ensure the efficiency and security of existing energy and water networks."

Global AI in Retail to Reach $6.762 Billion by 2027

A report published by Acumen Research and Consulting finds that the global AI in Retail market is projected to reach $6.762 billion by 2027, registering a compound annual growth rate (CAGR) of 34.9 percent in the forecast period 2020-2027. An excerpt from the report description outlines the roles played by AI in the market:

[The] integration of AI in inventory management eliminates the inefficiencies in the current processes by enabling a predictive approach and reducing errors by automating operations. The incorporation of AI robots proves a powerful asset in warehouses. These robots are equipped with other advanced technologies, such as smart sensors and computer vision, to identify the shortest path, detect obstacles, and label items with the highest accuracy. As AI helps to balance demand and supply, products can be delivered faster to a consumer base. AI can also be used in logistics such as autonomous vehicles for delivery, and carrying out backend repetitive tasks such as data entry and Robotic Process Automation (RPA) tools. Thus, AI has the capability to provide an end-to-end automation solution, specifically for e-commerce players.

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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