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AI Eye Podcast 749: Stocks discussed: (OTCPINK: GTCH) (NasdaqGS: NICE)

GBT Receives Facial/Body Recognition Patent, and NICE's NEVA Discover Employs Advanced AI

 

Vancouver, Kelowna, Delta, BC - January 10, 2023 (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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https://www.investorideas.com/Audio/Podcasts/2023/011023-AI-Eye.mp3

AI Eye Podcast 749: Stocks discussed: (OTCPINK: GTCH) (NasdaqGS: NICE)

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

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:NICE)

GBT Technologies Inc. (OTC PINK:GTCH), along with its joint venture GBT Tokenize Corp., has received its facial and body recognition patent, which "illustrates an innovative technology for learning, identifying, and recognizing an image's features, such as a human face or body." Danny Rittman, the company's CTO, explained:

"We believe image recognition has become an increasingly important topic when it comes to security and law enforcement applications. We believe our advanced surveillance technologies can be used to protect the public safety, particularly in crowded places like airports, conventions and shopping centers. Our patent describes a wide range of unique methods and concepts to identify the features of humans and objects including the detection of hidden, harmful objects or persons-of-interest. Another possible useful application is facial identification for locking/unlocking electronic devices. As security systems have been significantly evolving in the past decades, particularly for mobile devices and computers, we believe this type of technology could potentially offer a powerful protection layer against privacy and data theft."

NICE Ltd. (NasdaqGS:NICE) has announced new RPA (Robotic Process Automation) capabilities in its latest release, which leverages AI to identify focused opportunities for automation. Called NEVA Discover, NICE's new AI-powered discovery tool employs advanced AI "to produce actionable insights to optimize business processes, improve effectiveness and efficiency, and empower employees to meet their key performance indicators." Barry Cooper, President, CX Division, NICE, said:

"NEVA Discover's new capabilities demonstrate the power of AI in delivering actionable automation opportunities to empower employees and ultimately help brands master CXi (Customer Experience interactions). Process optimization with NEVA Discover is not a one-time event. It is a cycle of continuous improvement, with ongoing measurement of the impact of each change, to create exponential value."

Global AI Market to Reach $1.84T by 2030

Research published by ReportLinker finds that the global market for Artificial Intelligence is projected to grow from $95.6 billion USD in 2021 to $1.84 trillion by 2030, registering a compound annual growth rate (CAGR) of 32.9 percent in the forecast period 2022-30. The following excerpt from the report's summary outlines some key factors promoting the market's growth:

Growing urbanization, the need for efficient management & utilization of resources, demand for fast & efficient transport and commute, public safety concerns, and rising demand for a healthy environment with efficient energy consumption propel the demand for smart cities, driving the growth of the AI market.

In addition, AI has been extensively utilized in smart home infrastructure management for gathering data from home automation devices, predicting user behavior, providing maintenance information, and enhancing data security and privacy.

Sam Mowers, Investorideas.com

Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here

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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