AI Eye Podcast: AI Stocks in the News: (OTCPINK: GTCH) (NYSE: IBM)
GBT Posts Update on IP Portfolio, and IBM Announces Generative AI-Assisted Product watsonx Code Assistant
Vancouver, Kelowna, Delta, BC - August 22, 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) (NYSE: IBM)
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:IBM)
GBT Technologies Inc. (OTC PINK:GTCH) has posted an update on its intellectual property (IP) portfolio, vested under its 50 percent-owned subsidiary GBT Tokenize Corp. Through Tokenize, the company now holds 18 patents and has 26 pending submissions within the following domains: asset tracking, 3-D MP Microchip Design (semiconductors), EDA software-tools, ID, cyber security, pattern recognition, tele-health, health, AI, computer vision systems, IoT, mesh networks and radio networks. GBT's CEO Mansour Khatib said:
"With two signed purchase agreements this year we have now laid the groundwork proving that the company can generate attractive IP for current technology markets and companies. I personally maintain that our unique IP Strategy with the goal of building shareholder value has the potential for creating value faster than older traditional ways. Creating, selling and licensing IP is a long-complicated process but patents create long term opportunities, value, and IP security for large and small companies. Our latest patents with Magic2 EDA software and the 3-D chip have reached a more mature protection level and we believe we can finally safely engage with partners trying to create the next generation of microchips. We are excited to finally be presenting these technologies to potential partners."
IBM (NYSE:IBM) has announced watsonx Code Assistant for Z, described as "a new generative AI-assisted product that will help enable faster translation of COBOL to Java on IBM Z and enhance developer productivity on the platform." Kareem Yusuf, Senior Vice President, Product Management and Growth, IBM Software, explained:
"By bringing generative AI capabilities through watsonx to new use cases, we plan to drive real progress for our clients. IBM is engineering watsonx Code Assistant for Z to take a targeted and optimized approach. It's built to rapidly and accurately convert code optimized for IBM Z, accelerate time to market and broaden the skills pool. This can help enhance applications and add new capabilities while preserving the performance, resiliency, and security inherent in IBM Z."
Global Generative AI Market to Reach $191.8B by 2032
A report published by Allied Market Research finds that the global market for Generative AI is projected to grow from $10.5 billion USD in 2022 to $191.8 billion by 2032, registering a compound annual growth rate (CAGR) of 34.1 percent in the forecast period 2023-32. The following excerpt from the report overview outlines some key factors driving the market's growth:
The growth in demand for AI-generated content has been a significant driver for the generative AI market growth. With AI-generated content, companies and individuals can create massive amounts of content quickly and at scale. This efficiency is especially valuable in industries such as marketing and advertising, where personalization and variety of content is critical to effectively engaging audiences. Moreover, AI can personalize content based on individual preferences, making it more engaging and relevant to users. Furthermore, the advancements in deep learning and desire to provide users and consumers with more personalized, engaging and relevant content and experiences are also driving the market.
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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