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AI Eye Podcast 554: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $VERI)

GBT Begins Researching HF Antenna System, and Veritone Announces Enhancements to AI-Enabled Digital Media Hub

 

Point Roberts, WA and Vancouver, BC - May 10, 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 554: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $VERI)

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:VERI)

GBT Technologies Inc. (OTC PINK:GTCH) is researching an HF antenna system for its long range radio prototype design. The company's CTO, Danny Rittman, explained:

"We are investing vast efforts in our Infinia antenna system to choose an optimal solution, enabling a long distance, reliable data and voice communication. The antenna system is targeted to operate in challenging weather and terrain conditions. It is well known that RF communication is significantly affected by weather conditions, ionosphere conditions and terrain, and using an efficient antenna technology is crucial to enable reliable and steady communication at all times. Inifinia long range radio is aiming for a wide variety of essential applications among them are remote location telemedicine, emergency response and military purposes and therefore must be a dependent, fail-safe communication system. The fact that the system enables audio and data communication we believe enables a wide variety of possibilities for health, scientific, civil and military applications. An efficient antenna system is one of the most important system's components and plays a key role in its overall performance. We are going to research for the most suitable antenna system to achieve optimal, high performance and reliable operation."

Veritone, Inc. (NasdaqGS:VERI) has announced significant enhancements to its cloud-native, AI-enabled media management platform, Veritone Digital Media Hub, which is powered by aiWARE, the company's operating system for artificial intelligence. Veritone's President, Ryan Steelberg, explained:

"Our enhancements to Digital Media Hub, coupled with the power of aiWARE, will give current and future media and entertainment customers a new way to visualize, edit, and engage with their content and its associated data. This will provide them with greater control over their content by increasing the accuracy of how their content is tagged, giving them more ways to export it, and helping them stay on top of what is currently available in their library, which will culminate into more licensing and revenue opportunities. Additionally, these new capabilities have piqued the interest of our state and federal government customers too, and we look forward to expanding the value of Digital Media Hub into those markets as well."

Global AI in Telecom to Reach $6.3B by 2026

A report published by Research and Markets finds that the global AI in Telecommunications market, which is estimated to be $1.2 billion in 2021, will grow to $6.3 billion by 2026 with a compound annual growth rate (CAGR) of 38 percent. An excerpt from the report's description outlines trends influencing the growth of the market:

Key factors such as the advent of 5G technologies in mobile networks, growing demand for effective and efficient network management solutions have been driving the overall AI in the Telecommunication market growth. Increasing AI-embedded smartphones and the growing adoption of AI solutions in various telecom applications are likely to further drive market growth. Telecom vendors commonly use AI for customer service applications, such as chatbots and virtual assistants, to address many support requests for installation, maintenance, and troubleshooting. To improve customer experience, telecom operators are adopting AI.

Conversely, incompatibility between telecommunication systems and AI technology, which leads to integration complexity in these solutions, is the major restraint for the market growth. Also, the lack of skilled expertise and privacy & identity concerns of individuals are some other factors hindering the market growth.

Sam Mowers, Investorideas.com

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