AI Eye Podcast 534: Stocks discussed: (OTC: $GTCH) (NYSE: $ENVA)
GBT Seeks to Develop New EDA Tech for Improved IC DFM, and Enova International Acquires Pangea Universal Holdings
Point Roberts, WA and Vancouver, BC - March 19, 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 534: Stocks discussed: (OTC: $GTCH) (NYSE: $ENVA)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:ENVA)
GBT Technologies Inc. (OTC PINK:GTCH) is seeking to develop a new EDA (Electronic Design Automation) technology to achieve IC's better DFM (Design For Manufacturing) analysis. Danny Rittman, GBT's CTO, explained:
"Ultimately all physical aspects of a microchip design affect each other and have mutual implications. Therefore, our approach is to address them together within one integrated analysis, including their dependencies. We believe that this is the best way to deliver a comprehensive, effective DFM aware solution. By taking into effect the IC's design area, the DRC and the DFM recommended rules we aim to significantly improve the yield, especially for deep nanometer nodes like 5nm and below. With this approach, we target to implement machine learning IC physical layout statistical modeling for critical areas analysis and other manufacturing related topics. We truly believe that only by addressing these topics as one homogenous EDA solution, an effective signoff design for DFM can be achieved."
AI and machine learning-powered fintech firm Enova International, Inc. (NYSE:ENVA) announced that it has acquired Chicago-based payments platform Pangea Universal Holdings. According to the press release, Pangea boasts a "powerful, easy-to-use mobile application provides secure, fast and affordably priced international money transfer from the U.S. to 40 countries with a focus on Latin America and Asia." David Fisher, Enova's CEO, commented:
"We're excited to bring our experience managing online financial technology businesses to the platform Pangea has developed. Their success focusing on providing choice and control to hardworking people will be an important addition to Enova's existing businesses. Enova will bring market-leading capabilities around high-volume transactions, marketing, mobile customer experience and, most importantly, machine learning and artificial intelligence."
Global AI in Genomics to Reach $1.671B by 2025
A report published by Research and Markets finds that the global AI in Genomics market is expected to grow from $202 million in 2020 to $1.671 billion by 2025 with a compound annual growth rate (CAGR) of 52.7 percent in that forecast period. An excerpt from the report description reads:
The need to control drug development and discovery costs and time, increasing public and private investments in AI in genomics, and the adoption of AI solutions in precision medicine are driving the growth of this market. However, the lack of a skilled AI workforce and ambiguous regulatory guidelines for medical software are expected to restrain the market growth during the forecast period.
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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