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AI Eye Podcast 611: Stocks discussed: (OTC PINK: $GTCH) (NYSE: $AYX)

GBT Enhancing Avant! AI, and Alteryx Acquires Hyper Anna

 

Point Roberts, WA and Vancouver, BC - October 7, 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 611: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AYX)

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

Stocks discussed: (OTCPINK:GTCH) (NYSE:AYX)

GBT Technologies Inc. (OTC PINK:GTCH) is in the process of an enhancement phase for its Avant! AI technology to improve its back-end architecture, supporting better imaging and user interface, and enabling a healthcare advisory system. The company’s CTO Danny Rittman explained:

"Avant! AI is capable of being an efficient data-driven information agent; currently, it's released as an AGI (Artificial General Intelligence) agent and we have decided to focus on a more specific field. Naturally, due to the world's health crisis special attention will be given to the health domain, and we are going to enable Avant! to become a knowledge-based health advisory system. It will be connected to credible health-related resources set to respond to general health related questions. We are implementing a series of enhancements to handle big-data with better understanding of the user's question capabilities, users will be able to get first-line, relevant advice; 24/7. The Avant! health agent will also be aimed as an assisting tool for healthcare professionals; especially, assisting remote locations. Additionally, we are enhancing the user interface to improve the human-to-computer experience, making it more user friendly; mainly intuitive. GBT uses artificial intelligence solutions to create health assistance and monitoring value; particularly, in this new era of telemedicine. Our AI technology can also become an innovative foundation of the future patient-clinic experience, changing the way our world practices medicine.”

Alteryx, Inc. (NYSE:AYX) has announced the acquisition of Hyper Anna, a Sydney, Australia-based leading cloud platform for generating artificial intelligence (AI)-driven automated insights from data. This acquisition allows Alteryx to “automate the end-to-end analytic pipeline from data sources to AI-driven insights.” Alteryx CEO Mark Anderson said:

"Hyper Anna's mission to enable everyone, regardless of analytical background, to access data insights aligns perfectly with the Alteryx vision to enable every person to transform data into a breakthrough. With this acquisition, we are thrilled to offer a joint solution that empowers our customers to derive world class, human insights that matter, adding value to every line of business time and time again."

Global Conversational AI Market to Reach $32.62B by 2030

A report published by Allied Market Research finds that the global Conversational AI market will grow from $5.78 billion in 2020 to $32.62 billion by 2030, registering a compound annual growth rate (CAGR) of 20 percent in the forecast period 2021-2030. An excerpt from the report overview outlines factors influencing the market’s growth:

The conversational AI market share is expected to witness notable growth during the forecast period, owing to rise in demand for AI-powered customer support services. Furthermore, the rise in demand for AI-based Gartner chatbots solutions has driven the growth of the market. Moreover, surge in deployment of omnichannel methods is expected to propel the conversational AI market growth during the forecast period. However, lack of awareness about conversational artificial intelligence solutions restrains the market growth. On the contrary, rise in customer engagement through social media platforms is expected to provide lucrative opportunities for the growth of the conversational AI market during the forecast period.

Sam Mowers, Investorideas.com

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