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AI Eye Podcast 637: Stocks discussed: (OTCPINK: $GTCH) (Nasdaq: $VERI)

GBT to Implement Metaverse Tech into Apollo Motion Detection System, and Veritone Partners with Snowflake for AI-Powered Data Cloud

 

Point Roberts, WA and Vancouver, BC - December 15, 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 637: Stocks discussed: (OTCPINK: $GTCH) (Nasdaq: $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) (NasdaqGM:VERI)

GBT Technologies Inc. (OTC PINK:GTCH) plans to implement Metaverse Technology within its Apollo (Internal Project Code Name) motion detection system, for realistic graphical representation. The company will employ its artificial intelligence technology to power Apollo's Metaverse "to track and present motion on-the-fly in a created digital virtual world, which is an accurate replica of the true scanned environment." An excerpt from a quotation in the press release reads:

"Apollo's motion detection system creates a cinematic representation of a scanned environment, detecting movements and positions, presenting them as metaphors of the real world. Implementing Metaverse methods will enable Apollo with a robust 3D representation of the real, physical world, one with a high level of realism and authenticity. This virtual world will be a duplication of the real scanned world, including its objects and characters. For example, when operating within a room, the system will scan the entire room's environment, creating a virtual replica version that includes all objects and humans that are in the real room. Humans will be represented via Avatars, and objects will be constructed according to their shape. The virtual room graphical representation will be accurate and vivid, providing a true augmented reality. The AR room will interactively track and present every room's change; like characters movements, change of positions and similar activities. The technology is practically a wireless computer vision system that will be significantly enhanced by AR/VR environments in real time. Apollo system is targeted to be used for medical, security, and surveillance applications, and equipping it with Metaverse imaging technology, will offer major advancements within its cinematic capabilities."

Veritone, Inc. (NasdaqGM:VERI) has partnered with Data Cloud company Snowflake to provide an AI-powered data cloud. According to the press release, this will see Veritone "integrate its aiWARE enterprise AI platform with Snowflake to transform unstructured data - including voice, video, images, text, and sensor data - into valuable insights and actionable intelligence." Adrian Bolosan, Industry Principal, Media & Advertising at Snowflake, said:

"Veritone's enterprise AI platform can offer our customers a solution for AI-powered analytics to tap into hard-to-reach data sources such as video, images, and audio. Our customers rely on the Snowflake Data Cloud to power their businesses, and with Veritone aiWARE our customers can get access to additional untapped analytical potential of their unstructured data to help drive better business outcomes."

Global Warehouse Robotics Market to Reach $9.1B by 2028

A report published by Verified Market Research finds that the global Warehouse Robotics market - which includes AI-enabled robotics - will grow from $3.97 billion in 2020 to $9.1 billion by 2028, registering a compound annual growth rate (CAGR) of 14 percent in the forecast period 2021-2028. An excerpt from the report's description provides an outline of the market:

Warehouse robots are no longer nice-to-have accessories for efficient warehouse operations, thanks to their ability to increase productivity, accuracy, and operational efficiency. All warehouse automation adds value to warehousing operations by automating menial, repetitive tasks, allowing human workers to focus on more complex tasks. Robots are increasingly becoming a fundamental aspect of warehouses. Some types of robots used in warehouses include Autonomous Mobile Robots (AMR), Aerial Drones, Automated Guided Vehicles, and Automated Storage and Retrieval systems (AS and RS).

Sam Mowers, Investorideas.com

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