AI Eye Podcast 723: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGM: $VERI)
GBT Granted Fast Track for Automatic IC Correction Patent, and Veritone Introduces New Voice Features
Vancouver, Kelowna, Delta, BC - September 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 723: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGM: $VERI)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NasdaqGM:VERI)
GBT Technologies Inc. (OTC PINK:GTCH) has been granted a fast track for its non provisional patent application by the United States Patent and Trademark Office pertaining to the automatic correction of Integrated Circuits (IC) electrical connectivity mismatches. Danny Rittman, the company's CTO, explained:
"A correction of electrical connectivity mismatches within IC data can be a significant time-consuming process, especially with advanced nanometer chips, like 5nm and below, that may include billions of transistors. The technology underlying our non-provisional patent application presents an automated LVS [Layout Versus Schematic] correction system to analyze the data of an entire chip, checks for electrical connectivity mismatches and Auto-Correcting them with a click of a button. It's a major challenge to perform such an operation programmatically and we are using advanced mathematics and AI technology to address the vast amount of data processing, complex mathematical analysis, concluding possible solutions, and executing auto-corrections. We consider this IP as one of GBT's innovative IC design productivity enhancement technology, and plan to pursue further R&D efforts in it in the future."
Veritone, Inc. (NasdaqGM:VERI) has unveiled its next-generation Veritone Voice, following the recent acquisition of synthetic voice pioneer VocaliD. According to the press release, VocaliD brings several upgrades to Veritone Voice, including "new application capabilities, over 70 premium voice-over AI voices available to license, hundreds of stock voices and multiple new languages." Sean King, senior vice president and general manager of Commercial Enterprise, Veritone, said:
"As the market for AI voice solutions grows, it is becoming increasingly important that the generated voices sound and feel hyper-realistic. Many elements need to be taken into account and managed, including the tone of these voices - such as being happy, somber or promotional. In today's digital world, monotone digital-sounding voices simply won't cut it. Addressing these needs is at the heart of our latest version of Veritone Voice, which empowers the voice to be articulate, genuine and nuanced for the content and audience. Whether the voices are used for broadcast quality productions, the metaverse or other applications, we believe that content creators and brands will appreciate the authenticity our Veritone Voice solutions offer as they move their projects forward."
Global AI in Fintech to Reach $28.11B by the End of 2028
A report published by Blue Weave Consulting finds that the global AI in Fintech market is projected to grow from $10.14 billion USD in 2021 to $28.11 billion by the end of 2028, registering a compound annual growth rate (CAGR) of 15.8 percent in the forecast period - according to the report's press release. The following excerpt from the report's summary outlines the ways AI assists in the Fintech space:
The financial industry has benefited from advances in Artificial Intelligence (AI) and Machine Learning (ML). As AI can assess real-time patterns and aid in rapid decision-making, banks now have the ability to process a vast number of data sets and draw conclusions. They are operating effectively while also developing effectiveness. In the finance industry, AI boosts employee productivity by 59%. The result has been a reduction in loan defaults and increased business safety, all for the benefit of the clients. Financial companies will be able to reduce costs by 22% by 2032, saving close to $1 trillion. Numerous fintech companies are continuously investigating the applications of AI that will benefit banks' loan choices, customer service, and credit and fraud detection procedures.
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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