AI Eye Episode 653: Stocks discussed: (OTCPINK: $GTCH) (TSXV: FOBI)
GBT Evaluating NLP Algorithm Model for AI-Based Healthcare Advisory System, and Fobi AI Signs Deal with Abbot's Butcher
Vancouver, Kelowna, Delta, BC - January 28, 2022 (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 Episode 653: Stocks discussed: (OTCPINK: $GTCH) (TSXV: FOBI)
Stocks discussed: (OTCPINK:GTCH) (TSXV:FOBI)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is evaluating the use of an advanced NLP (Natural Language Processing) algorithm model to enhance its AI based healthcare advisory system human interaction experience. Danny Rittman, the company's CTO, explained:
"Natural Language processing (NLP) is currently broadly used for the various tasks involving sentiment analysis, for example spam email detection, textual/voice driven virtual assistants, chatbots, and similar. In the last decade, deep learning technology has become more powerful, allowing larger data and faster processing models to handle the constantly growing unstructured data. The amount of unstructured data has become a challenge for information analysis especially within the NLP arena due to compositional complexity and the demand for a human-alike interaction. Today's voice and text digital assistants are expected to efficiently "understand" verbal or textual conversations, exactly as an in-person interaction. Artificial General Intelligence (AGI) is our machine learning solution to "understand" the data, reason and make decisions exactly as a human would do. One of the key challenges for such a system is to comprehend humans natural language, interpret, and manipulate it, which is exactly what NLP is. Our Avant! deep neural networks already encapsulate vast computing power, allowing larger language models with faster processing. We are seeking new capabilities by combining new NLP models with our current technology to better "understand" users, their intent, and provide accurate, well summarized, responses. We are evaluating if the possible implementation of the T5 model within our Hippocrates healthcare AI system may produce a much more robust level of user's chat interaction with more human-like dialog, mainly intuitive. The Hippocrates healthcare advisory system is aimed to provide first line health related advice and to become an assisting tool for the general population and healthcare professionals. Its human interaction aspect, via a robust NLP technology, is one of the most important features to ensure viable and accurate health related advice information."
Fobi AI Inc. (TSXV:FOBI) has announced that it has signed a deal with plant-based protein brand Abbot's Butcher to provide the latter with its Qples digital coupon platform. Fobi AI's CEO Rob Anson said:
"This deal with Abbot's Butcher continues our string of success with CPG brands, however, it is also very exciting as we are beginning to see success and expect exponential growth in our business in the Health Food Industry. Fobi's ability to deliver targeted coupons and promotions through the Qples platform, combined with the power of personalized real-time engagement through our Passcreator Wallet pass platform will drive digital transformation in the Health Food Industry."
Global AI in Fintech Market to Reach $46.8B by 2030
A report published by Research and Markets finds that the global AI in Fintech market is projected to grow from $7.7 billion in 2020 to $46.8 billion by 2030, registering a compound annual growth rate (CAGR) of 19.8 percent in the forecast period. An excerpt from the report's description outlines the applicability of AI in the Fintech space:
With AI, the efficiency of financial processes and the security of money-related data can be improved massively. For instance, in regard to fraud detection, AI monitors people's online transactional behavior so that any deviation and a potential fraud can be identified in real time and stopped right there.
Moreover, AI helps in automating several processes in the banking, financial services, and insurance (BFSI) sector, such as online customer engagement via chatbots, claims processing, and answering frequently asked questions (FAQs). This not only allows BFSI companies to reduce their expenditure in hiring humans for these tasks but also engage these employees in more-important tasks, such as decision making and strategizing.
Sam Mowers, Investorideas.com
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About GBT Technologies Inc.
GBT Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.
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