AI Eye Podcast 548: Stocks discussed: (OTC:$GTCH) (NasdaqGS: $INTC)
GBT Seeking GSA Approval with US Gov’t, and Intel Partners with MILA for AI Advancement
Point Roberts, WA and Vancouver, BC - April 23, 2021 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence - featuring technology company GBT Technologies Inc. (OTCPINK:GTCH)
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AI Eye Podcast 548: Stocks discussed: (OTC:$GTCH) (NasdaqGS: $INTC)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:INTC)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is seeking to conduct business with US government agencies and has hired a consulting firm for general guidance with the GSA (General Services Administration) application process. Mansour Khatib, CEO of GBT Technologies, explained:
"The timing is right for GBT to start positioning its technology and solutions, seeking potential business with the US Government. Our company has accumulated vast knowledge, experience, and proven records in the domains of Artificial Intelligence, IoT, tracking, health and radio technologies and is ready to seek government business. We believe our IP, technologies and solutions can be an ideal fit for government-oriented contracts in the domains of emergency rescue, long range secured communication, and remote medicine. GBT's technologies may also have applications for military and security applications especially with its high level of privacy and cybersecurity. Our systems are empowered by advanced AI and include advanced tracking technologies which makes them effective solutions in a wide variety of military, intelligence, and law enforcement domains. Our recent development in the field of health and its long-range radio support enable global telemedicine capabilities, and we believe can save lives at any location on Earth. As a proud US corporation, we are looking forward to becoming GSA approved, contributing to our national security, safety, and economy."
Intel Corporation (NasdaqGS:INTC) has announced a strategic partnership with Montreal-based MILA (Quebec Artificial Intelligence Institute), described in the press release as "the world's largest academic machine learning research institute," enabling them to develop and apply advances in artificial intelligence. Denis Gaudreault, country manager of Intel Canada, said:
"Together, we have an enormous opportunity to leverage advances in our respective technologies to solve some of the world's critical and challenging business and societal issues using AI. Our strategic alliance with MILA will not only apply the power of our technology, but will tap into the passion of our respective teams as we work towards improving and optimizing algorithms as well as advancing deep learning capabilities. Finally, Intel will be supporting MILA's talent attraction and retention efforts through participation in the internship and job fairs."
AI Market Could Potentially Grow $76.44B from 2021-2025
A report published by Technavio finds that the global Artificial Intelligence market has potential to grow $76.44 billion from 2021-2025 with a compound annual growth rate (CAGR) of 20.6 percent in the forecast period. In terms of drivers in the market, the report notes that "Prevention of fraud and malicious attacks is one of the factors driving the growth of the market during the forecast period," but that "factors such as a shortage of AI experts may impede market growth."
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 featured stock on Investorideas
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