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AI Eye Podcast 632: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $LH)

GBT Enhancing qTerm's Cybersecurity, and Labcorp is Collaborating with ConcertAI

 

Point Roberts, WA and Vancouver, BC - December 2, 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 632: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $LH)

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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:LH)

GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is enhancing its qTerm human vitals device's cybersecurity technology in order to ensure robust privacy and sensitive data protection for its potential users. This will be done through the implementation of "Homomorphic Encryption (HE) techniques within its AI environment to enable encrypted data processing without decrypting it first." The company's CTO, Danny Rittman, explained:

"One of qTerm's main purposes is to perform as a telemedicine device which communicates with its AI data center. User's vital information will be sent via a web widget and HE based technology will ensure a high level of data security. AI systems require robust security mechanisms by their nature and by using HE we are preserving data privacy starting at the source. Particularly, with a telemedicine type device, like qTerm, the data will be encrypted and outsourced to its data center environment for processing, all while encrypted. In the past few years there is a constant growing concern about data privacy and security, and implementing new techniques and methods in this domain will ensure highly secured AI operation and computation. We believe that this is especially important for the qTerm's device as it collects, processes and records sensitive personal and medical information.

Global life sciences company Labcorp (NYSE:LH) has announced a collaboration with ConcertAI, "a leader in enterprise artificial intelligence (AI) and real-world data (RWD) solutions for life science companies and health care providers," to optimize precision oncology research. Prasanth Reddy, senior vice president and head of oncology at Labcorp, said:

"Oncology is highly complex, with hundreds of molecular targets and factors across solid tumors and hematological malignancies, so the need is great for diversity in cancer trials. Labcorp Drug Development, which supports more than 50% of all oncology clinical trials globally, combined with ConcertAI's high-depth data and AI technologies, is a powerful combination to optimize trial design, improve patient access, and increase efficiency of oncology trials to bring new therapeutic options to patients who need them most."

Global Chatbot Market - Driven by AI - to Reach $1.95B in 2027

A report published by Fortune Business Insights finds that the global Chatbot market will grow from $396.2 million USD in 2019 to $1.95 billion in 2027, registering a compound annual growth rate (CAGR) of 22.5 percent in the forecast period 2020-2027. An excerpt from the report's summary outlines the influence of AI on the market:

The adoption of chatbots is mainly driven by the advancement of artificial intelligence (AI) technology and the increasing number of retail and e-commerce worldwide. The rising market demand for a chatbox platform based on a natural language processing (NLP) engine across social media is further considered as one of the key factors driving the market.

Sam Mowers, Investorideas.com

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