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AI Eye Podcast 718: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $TFC)

GBT Receives Notice of Publication for Facial & Body Recognition Patent, and Truist Acquires Zaloni

 

Vancouver, Kelowna, Delta, BC - August 23, 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 718: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $TFC)

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

GBT Receives Notice of Publication for Facial & Body Recognition Patent, and Truist Acquires Zaloni

Stocks discussed: (OTCPINK:GTCH) (NYSE:TFC)

GBT Technologies Inc. (OTC PINK:GTCH) has received a notice of publication for its facial and body recognition non-provisional patent application. According to the press release, the patent boasts "techniques for locking and unlocking functions for smartphone screens or computers based on covered/uncovered facial and body recognition." The company's CTO, Danny Rittman, explained:

"Security systems have significantly evolved in the past decade, particularly for mobile devices and computers. Our smartphones hold sensitive and personal information like passwords, medical information, account numbers, emails, photos, messages, and videos. Losing a mobile device can be worse, leading to identity theft or hacking into an email or social media accounts. Biometric security has become a standard to protect phones and computer data. We believe our technology will further expand this horizon through more secure digital identification. Our facial and body recognition patent application covers comprehensive AI algorithms with the goal of learning a human's features and identifying them with or without cover. It is our goal to continue researching this technology, combining it with our similar concepts to offer superior security and privacy capabilities for individuals and businesses."

Truist Financial Corporation (NYSE:TFC) has acquired data technology solution delivery firm Zaloni. This includes the latter's Zaloni Arena platform, which will be leveraged to accelerate Truist's "data governance, metadata management, advanced analytics, and artificial intelligence and machine learning (AI/ML) programs." Scott Case, Truist's CIO, said:

"Truist is making investments to continuously grow and evolve with our clients' banking needs. In partnership with Truist Ventures, we identified the Arena platform as an investment that will help us deliver better financial experiences, advance our strategy and demonstrate our purpose to inspire and build better lives and communities."

Global Automotive AI Market to Reach $1.49B by 2030

A report published by Market Research Future finds that the global market for Automotive AI is projected to reach $1.49B USD by 2030, registering a compound annual growth rate (CAGR) of 30.01 percent in the forecast period 2022-30. An excerpt from the report overview outlines some trends impacting the market's growth:

Ai in the automotive sector is being driven by the burgeoning automobile industry. Autonomous driving assistance systems, the internet of things, and cloud-hosted intelligence are all predicted to have a big impact on the artificial intelligence business. Considering the largest auto companies investing extensively in artificial intelligence for autos, industry-wide standards like navigation systems, sophisticated automated driving, and blind-spot alerts are expected to further fuel market expansion.

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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