AI Eye Podcast 542: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $AMZN)
GBT Completes Long Range Radio Mobile System Prototype, and AWS Announces General Availability of Amazon Lookout for Equipment
Point Roberts, WA and Vancouver, BC - April 9, 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 542: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $AMZN)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:AMZN)
GBT Technologies Inc. (OTC PINK:GTCH) has completed the prototype design of its long range radio mobile system. The unit, according to the press release, will be a high-performance radio transceiver system designed for data and voice applications, and is expected to enable data and voice communication for long range applications targeting telemedicine support for the Company's qTerm human vital signs device, including audio. GBT's CTO, Danny Rittman, explained:
"As the system is targeted to work with the qTerm vital device, the design contemplates users being able to send vital information to professional health authorities for quick review and recommendations. In addition, the design has incorporated a voice communication, which will be available to discuss further steps and actions. We believe that in this day and age everyone should have access to modern amenities, and the key is global communication. For us, the most important contribution of such a system is the capability to save lives by enabling health and emergency services anywhere on Earth."
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon Lookout for Equipment, described in the press release as "a new service that uses AWS-developed machine learning models to help customers perform predictive maintenance on the equipment in their facilities." Swami Sivasubramanian, VP Amazon Machine Learning, AWS, said:
"Today, we're excited to announce the general availability of Amazon Lookout for Equipment, a new service that enables customers to benefit from custom machine learning models that are built for their specific environment to quickly and easily identify abnormal machine behavior-so that they can take action to avoid the impact and expense of equipment downtime."
Global Wearable AI Market to Reach $99.5B by 2027
Research published by ReportLinker finds that the global Wearable AI market will grow from $18.8 billion in 2020 to $99.5 billion by 2027, with a compound annual growth rate (CAGR) of 26.9 percent in that same forecast period. An excerpt from the report's abstract breaks down the market projections geographically:
The Wearable AI market in the U.S. is estimated at US$5.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$17.1 Billion by the year 2027 trailing a CAGR of 26.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.3% and 22.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 18.7% CAGR.
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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