AI Eye Podcast 616: Stocks discussed: (OTCPINK: GTCH) (NYSE: CGI) (NYSE: BMO) (TSX: NA)
GBT Roadmaps Wearable qTerm Device, and CGI Inc. Partners with Canadian Banks for Intelligent Automation Pilot
Point Roberts, WA and Vancouver, BC - October 20, 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 616: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $CGI) (NYSE: $BMO) (TSX: $NA)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:CGI) (NYSE:BMO) (TSX:NA)
GBT Technologies Inc. (OTC PINK:GTCH) has roadmapped a wearable version of its qTerm human vitals device. Aimed to measure human vitals with the touch of a finger, the qterm's prototype version is now under being manufactured, and plans to start the wearable version are slated for next year. Danny Rittman, CTO of GBT, said:
"It is only natural to create a wearable version of qTerm technology. One of the major advantages of a wearable form of qTerm is its capabilities to take health related measurements; independently, and without the user's awareness, this feature can be enabled upon the user's permission. We see this feature as a great advantage; especially, when users may forget to take their scheduled vitals, not aware of a potential problem. The wearable version of qTerm will be equipped with the same AI system for on-going health monitoring, and it will learn about a user's health condition and perform scheduled checks to ensure good health. These checks will be executed throughout the day or night and in case of abnormalities the user will be alerted, and can be an efficient health monitoring system for the elderly; 24/7. In qTerm's finger-touch version the responsibility to perform a vitals check lies on the user remembering to take these on time. However, with the wearable device the checks will be automatically executed throughout the day in case the user forgets their daily health-related duties, this system will do it for them. qTerm wearable will include a website synchronized mobile application for results representation. This advanced mobile application will make the qTerm wearable device a personal health monitoring system constantly on the watch, checking, analyzing and advising/alerting about any health concerns."
CGI Inc. (NYSE:CGI) has partnered with the Bank of Montreal (NYSE:BMO) and the National Bank of Canada (TSX:NA) to pilot the use of intelligent process automation in capturing, identifying and classifying documents as part of the CGI Trade360 global trade platform's transaction flow. CGI is also partnering with Conpend, described as "a leading provider of artificial intelligence solutions for trade finance processes," for the pilot project. Marc Smith, founder and director of Conpend, said:
"Via our Trade AI application, Conpend provides digital transformation software to the trade finance industry - automating the processing of both digital and paper-based trade documentation. Working collaboratively with CGI Trade360, we are able to substantially and rapidly extend our reach to global financial institutions, many of whom have been struggling with the manual processing of documentation for decades."
Global AI Market to Register 40.2% CAGR from 2021-2028
A report published by Up Market Research finds that the global AI market, which was valued at $62.35 billion in 2020, will register a compound annual growth rate (CAGR) of 40.2 percent in the forecast period 2021-2028. An excerpt from the report summary reads:
Tech giants have been directing continuous research and innovation to drive the adoption of new technologies across a variety of industries, including automotive, healthcare, finance, and manufacturing. Technology has been an integral part of these industries for centuries, but Artificial Intelligence has put technology at the heart of many organizations. AI is now being integrated into almost every program and apparatus, from autonomous vehicles to life-saving medical equipment. AI has been proven to be the key element of the digital revolution.
Sam Mowers, Investorideas.com
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