AI Eye Podcast: AI Stocks in the News: (OTCPINK: $GTCH) (OTC: $TREN) (NasdaqGS: $GOOG)
GBT Tokenize Enters Asset Purchase Agreement with Trend Innovation Holdings for Avant! AI, and Google to Integrate AI Features in Search Engine Tools
Vancouver, Kelowna, Delta, BC - April 6, 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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AI Eye Podcast: AI Stocks in the News: (OTCPINK: $GTCH) (OTC:$TREN) (NasdaqGS: $GOOG)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (OTC:TREN) (NasdaqGS:GOOG)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that GBT Tokenize Corp., its 50 percent-owned subsidiary, entered into an Asset Purchase Agreement (APA) with Trend Innovation Holdings, Inc. (OTC:TREN), pursuant to which GBT Tokenize sold certain assets relating to the proprietary system and method of Avant! AI, its text-generation, deep learning self-training model. Avant! AI, according to the press release, "is designed to provide businesses and consumers with a natural language interface to interact with their devices and systems. The technology utilizes machine learning and natural language processing (NLP) to interpret and respond to user requests." Mansour Khatib, CEO of GBT Technologies, said:
"Selling Avant! Ai to a third party and retaining a license for internal purposes strengthens and encourages our belief that we can position ourselves as an IP Company."
The New York Post reports that Google [Alphabet Inc.] (NasdaqGS:GOOG) is planning to enhance its search engine with "artificial intelligence features that will enable it to interact with users in more conversational, human-like ways." Google's CEO, Sundar Pichai, told the Wall Street Journal that the company's incorporation of AI into its search engine tools "signals the company's commitment to competing against the likes of ... OpenAI and others." Google is already regarded as an industry leader in developing large language models (LLMs) that "can generate responses to prompts that resemble those of humans." Pichai said to the Wall Street Journal:
"Will people be able to ask questions to Google and engage with LLMs in the context of search? Absolutely."
Global Artificial Intelligence in Education Market to Reach $23.82B by 2030
A report published by Market Research Future finds that the global market for AI in Education is projected to grow from $3.45 billion USD in 2023 to $23.82 billion by 2030, registering a compound annual growth rate (CAGR) of 38 percent in the forecast period. The following excerpt from the report's description outlines some key factors impacting the market's growth:
The education sector is being digitally transformed, increasing demand for on-premise AI. In 2022, the on-premise sector of Artificial Intelligence in the Education market reached a valuation of over $3 billion USD. The use of an on-premises AI model has increased due to the digital revolution in the education industry since it can successfully engage students and boost income through new conversational channels. Also, many academic institutions are investing in upskilling their students to stay up with rapidly changing digital technology.
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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