AI Eye Podcast 547: Stocks discussed: (OTC: $GTCH) (NYSE: $IBM)
GBT Files Patent Application for AI-Powered Financial Software System, and IBM Launches New Watson Capabilities for AI
Point Roberts, WA and Vancouver, BC - April 21, 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 547: Stocks discussed: (OTC: $GTCH) (NYSE: $IBM)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:IBM)
GBT Technologies Inc. (OTC PINK:GTCH) has filed an application for a provisional patent with the U.S. Patent and Trademark Office (USPTO) for systems and methods of a financial software application to prioritize and consolidate credit card charge systems. Conceived as a web based and mobile application, the system leverages GBT's patented database management and AI technology. GBT's CTO Danny Rittman explained:
"The technology covered by the patent application contemplates the automatic ranking of the user's credit card benefits like interest rate, reward programs and similar and uses the one with the highest rank to execute charges. In this way users will be always using their best interest financial credit account. The system will combine all user's credit accounts and will enable consolidation of all credit lines into one account. Our Artificial Intelligence technology will be the brain to empower the entire system and we'll be implementing our patented database management technology for fast performance and high security. Our AI system will enable a personal "credit advisor" that helps with all credit lines financial decisions, always keeping in mind the user's best interest. This is the first time that we will be using our technology in the financial arena and we look forward to further future expansion in this domain."
IBM (NYSE:IBM) has launched new capabilities for IBM Watson designed to "help businesses build trustworthy AI." This includes updates to IBM Watson Studio, IBM OpenPages with Watson and IBM Planning Analytics with Watson, better allowing businesses to "govern and explain AI-led decisions, increase insight accuracy, mitigate risks and meet their privacy and compliance requirements." Daniel Hernandez, General Manager, Data and AI, IBM, said:
"AI is only as useful as your trust in it. Especially in business and when the stakes are high. IBM Watson continues to deliver critical new capabilities to help enterprises build trust into every step of the AI lifecycle so business leaders can confidently operationalize AI across the hybrid cloud."
European AI in Healthcare to Reach $36B by 2027
Research published by ReportLinker finds that the European market for AI in Healthcare will grow from $1.368 billion in 2019 to $36 billion by 2027 with a compound annual growth rate (CAGR) of 49.3 percent in the forecast period 2020-2027. An excerpt from the report's summary reads:
In the fight against COVID-19, associations have been utilizing their machine learning expertise in several areas, such as scaling customer connections and detecting COVID-19 spread to speed up research and medication.
The researchers recorded an elevated selection and use of AI in scientific and medical research, particularly in applications such as medical diagnosis, telemedicine, epidemiological studies, and clinical management of patients.
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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Disclosure: GTCH is a paid for AI stock on Investorideas.com
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