AI Eye Podcast 717: Stocks discussed: (OTCPINK: $GTCH) (CSE: $DSAI)
GBT Files Patent Application of Auto-Correction of IC Electrical Connectivity, and DeepSpatial Announces New Contract with South Asian Firm
Vancouver, Kelowna, Delta, BC - August 16, 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 717: Stocks discussed: (OTCPINK: $GTCH) (CSE: DSAI)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (CSE:DSAI)
GBT Technologies Inc. (OTC PINK:GTCH) has filed a nonprovisional patent application for the automatic correction of Integrated Circuits (IC) electrical connectivity mismatches. This, according to the press release, aims "to Auto-Correct the layout, without causing any LVS (Layout-Vs-Schematics), geometrical (DRC), Reliability Verification (RV), and Design for Manufacturing (DFM) violation. Danny Rittman, the company's CTO, explained:
"This technology includes hierarchical auto-correction and other advanced node features. It's a huge challenge to perform such an operation programmatically and we are using our AI technology to manage the vast amount of data processing, performing the challenging mathematical analysis, concluding possible solutions and executing the auto-correction. The IP includes neural networks and advanced algorithms to achieve these functionalities in a very short time, which may take days or weeks to fix manually. The goal of this technology is to introduce another GBT innovative design productivity enhancement tool, enabling IC design firms' significant reduction of their overall projects design time and bring their microchips faster to market."
DeepSpatial Inc. (CSE:DSAI) has received a revenue-generating contract from a leading FMCG (fast-moving consumer goods) company in South Asia. According to the press release, DeepSpatial's AI-driven platform "empowers its clients to analyze and optimize distribution networks using multivariate geospatial data analysis and outcome modelling tools, in return, helping companies make smarter decisions that make a difference." DeepSpatial's CEO, Rahul Kushwah, said:
"With the success of our solutions with DFM Foods, we've been focusing more on working with enterprises at a larger scale. Deepspatial is continuously expanding its offerings to enterprises and Government, and we are progressing significantly with the technological development of our platforms across several industries. Growing our technology IP and continuing to execute enterprise and government contracts remains our priority as we strive to build shareholder value for the long term."
Global AI in Insurance Market to Reach $45.74B by 2031
A report published by Allied Market Research finds that the global AI in Insurance market is projected to grow from $2.74 billion in 2021 to $45.74 billion by 2031, registering a compound annual growth rate (CAGR) of 32.56 percent in the forecast period 2022-31. AI technology, according to the report's overview, "helps insurance companies by reducing repeatable tasks from operational teams and in performing more complex actions." The market is being driven by an "increase in investment by insurance companies in AI & machine learning," and an "increase in collaboration between insurance companies and AI & machine learning solution companies."
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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