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AI Eye Podcast 686: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $IBP)

GBT Files Patent Application for Media and Advertisement AI, and Installed Building Products Invests in Energi.ai

 

Vancouver, Kelowna, Delta, BC - April 22, 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 686: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $IBP)

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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:IBP)

GBT Technologies Inc. (OTC PINK:GTCH) has announced the filing of a non-provisional patent with the U.S. Patent and Trademark Office to protect media and advertisement systems and methods based on AI technological concepts. This application, according to the press release, "seeks to protect GBT's AI controlled technique to implement advertisements and informercial symbols within text and images." Danny Rittman, GBT's CTO, explained:

"We believe our patent improves to a great extent the disadvantages and problems associated with available schemes for delivering advertisements in popular media like newspapers, magazines, publications, movies, and the Internet by implementing machine learning techniques to replace any desired symbol, text character, or graphic with an advertisement symbol. By this mechanism, we believe our technology will allow any corporation or other type of advertiser to advertise products and/or desired subjects with greater exposure, reaching larger audiences. We find this topic an intriguing opportunity for our artificial intelligence technology to be implemented, and intend to further explore its horizons in the near future."

Installed Building Products, Inc. (NYSE:IBP) has invested in Energi.ai, described in the press release as "a unified data driven, artificial intelligence (AI), and machine learning platform for climate action." Jeff Edwards, President, CEO and Chairman of Installed Building Products, said:

"We are excited to become an early investor in Energi.ai and a part of the innovative AI driven platform they are developing. Their platform provides actionable insight into a company's energy usage and carbon emissions. We liked the platform so much we decided to work with Energi.ai to implement their solution at IBP as we work to address and reduce our greenhouse gas emissions. We look forward to a long and successful partnership with Energi.ai."

Global AI in Cybersecurity Market to Reach $35.43B by 2028

A report published by Vantage Market Research finds that the global AI in Cybersecurity market is projected to grow from $10.18 billion USD in 2021 to $35.43 billion by 2028, registering a compound annual growth rate (CAGR) of 23.1 percent in the forecast period 2022-28. An excerpt from the report's description outlines some factors influencing the growth of the market:

AI-based solutions are being increasingly adopted across various industries due to its ability to perform complex tasks with high accuracy and speed. This has resulted in increased adoption of Artificial Intelligence In Cybersecurity applications, especially in threat detection and prevention. In addition, the increasing demand for cyber security services and rising number of data breaches have led to the need for advanced technologies that can detect threats and prevent them before they cause damage. Moreover, the use of Artificial Intelligence In Cybersecurity helps organizations to reduce their operational costs, improve productivity, and enhance customer experience. The increasing adoption of cloud computing and IoT devices has further enhanced the penetration of Artificial Intelligence In Cybersecurity.

Sam Mowers, Investorideas.com

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