Special Edition AI Eye Podcast: GBT Technologies' (OTC: $GTCH) CTO Discusses xCalibre Image Recognition System and Biometrics
Stocks discussed: (OTCPINK:$GTCH) (NasdaqGS:$AMZN)
Point Roberts, WA and Vancouver, BC - May 5, 2021 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's special edition of the AI Eye featuring an exclusive interview with Danny Rittman, CTO of GBT Technologies Inc. (OTC PINK:GTCH), who discusses the company's Biometric AI Facial Recognition technology.
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Special Edition AI Eye Podcast: GBT Technologies' (OTC: $GTCH) CTO Discusses Company's Image Recognition System and Biometrics
GBT Technologies Inc.'s (OTC PINK:GTCH) image recognition system - internally codenamed xCalibre - is a culmination of the company's developments in artificial intelligence tech in recent years, according to CTO Danny Rittman.
"It's actually part of the ongoing imaging and pattern recognition AI-based technology that we have been working on for the past few years," Rittman said in a recent interview with Investorideas.com. "The xCalibre is an implementation of that technology."
GBT released a Form 8-K on April 22, 2021, outlining the xCalibre - subtitled 'A brain for digital eyes' - wherein the system's wide potential for application is explored alongside the advanced technology that it leverages. A key component of xCalibre is its neural network-based analysis, which "builds a database, keeps history, and enables crucial security alerts," in real time. Rittman described the ever-present need for such technologies for security applications and highlighted the xCalbre's value.
"In a wide variety of places high security is essential," he said. "For example, airports, conferences, workplaces, busy streets, and sports events [etc...]. The xCalibre system can compare a real-time video taken in a busy street or mall by scanning people's faces and comparing it with a database to identify a person of interest."
A crucial edge the system brings is its ability to identify people "with or without facial and body covers, and concealed objects as well," as explained in the 8-K.
"The great advantage of the xCalibre system ... is that it can identify human features, including faces and body features, with or without cover," Rittman said. "So, it can identify a person with a mask or without a mask, with high accuracy. Another aspect of the xCalibre is that it can do the same with objects. So, it's a great tool, for example, to identify concealed weapons or firearms."
The xCalibre's employment of biometrics - as through its advanced facial-mapping - is perhaps indicative of the increasing implementation of the technology. Reuters recently reported that Amazon (NasdaqGS:AMZN) is rolling out its Amazon One biometric system for use in brick-and-mortar stores. Amazon One, according to the report, allows shoppers to "pay with a swipe of their palm," through the linking of a credit card with the user's palm print.
Amazon One is but one such example of this trend, which Rittman explained is gaining traction.
"Many companies, for the past few years, have been taking it further," he said. "We've already seen facial recognition on phones, as well as fingerprints. This is not new, but now companies are taking it further."
The increased demand for contactless solutions and the omnipresence of masks influenced by concerns over the COVID-19 pandemic doubtless make biometrics indispensable. But with the abilities afforded with this continuously more impressive technology, there perhaps, inevitably comes concerns over its potential overreach and potential to threaten privacy.
"With any new types of measures for security, there's always the risk to privacy," Rittman said. "I definitely do think there is a risk, but on the other hand I think that the benefits outweigh the risks."
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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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