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AI Eye Podcast 680: Stocks discussed: (OTCPINK: $GTCH) (NYSE: BA) (NasdaqGS: $MSFT)

GBT Receives Issue Notification for Motion Detection Patent, and Boeing Deepens Partnership with Microsoft for Digital Transformation

 

Vancouver, Kelowna, Delta, BC - April 6, 2022 (Investorideas.com Newswire) 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 680: Stocks discussed: (OTCPINK: $GTCH) (NYSE: BA) (NasdaqGS: $MSFT)

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

GBT Receives Issue Notification for Motion Detection Patent, and Boeing Deepens Partnership with Microsoft for Digital Transformation

Stocks discussed: (OTCPINK:GTCH) (NYSE:BA) (NasdaqGS:MSFT)

GBT Technologies Inc. (OTC PINK:GTCH) has received an issue notification for its intelligent motion detection patent, codenamed Apollo, indicating that the non-provisional patent application will be granted on April 12, 2022. Danny Rittman, the company's CT), said:

"We receive an issue notice for our intelligent, wireless motion detection patent and plan to start R&D efforts to commercialize the technology, in a wide variety of domains. We believe this technology can be used in a wide diversity of fields which would include wearable-less health monitoring to measure human's vitals and detect falls. We also believe another type of application is to provide "eyes" for autonomous vehicles or a background system to detect concealed objects in airports. We are very pleased to have this patent innovative technology granted and plan to conduct further research and development of intelligent systems based on its concepts."

The Boeing Company (NYSE:BA) has announced that it is deepening its strategic partnership with Microsoft (NasdaqGS:MSFT) to accelerate its digital transformation. This will be done by leveraging the Microsoft Cloud and its AI capabilities "to update its technology infrastructure and mission-critical applications with intelligent new solutions that are data driven, further opening new ways of working, operating and doing business." Judson Althoff, EVP and chief commercial officer at Microsoft, said:

"Boeing and Microsoft have been working together for more than two decades, and this partnership builds on that history to support Boeing's digital future by helping it optimize operations and develop digital solutions that will benefit the global aviation industry. The power of the Microsoft Cloud and its AI capabilities will serve as the core component to Boeing's digital aviation strategy by providing flexible, agile and scalable solutions that are intelligent and data driven on a secure and compliant platform."

Global AI Market to Reach $1.39T by 2029

A report published by Fortune Business Insights finds that the global AI market is projected to grow from $387.45 billion USD in 2022 to $1.39 trillion by 2029, registering a compound annual growth rate (CAGR) of 20.1 percent in that forecast period. The following excerpt from the report's summary outlines some factors influencing the market's growth:

Increasing customer engagement is a critical influencing factor for a successful business in today's competitive and dynamic business environment. As a result, organizations are rapidly adopting this technology to give tailored and devoted services in real-time. Enterprises can use the technology to build hyper-personalized marketing strategies based on industry-specific client insights. This hyper personalization increases profitability, provides real-time data-driven decisions, lowers expenses, and improves customer pleasure.

Sam Mowers, Investorideas.com

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