Vancouver, Kelowna, Delta, BC – July 19, 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 712: Stocks discussed: (OTCPINK: $GTCH) (OTC: $XALL)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
GBT Researching Practical Applications for Apollo Motion Detection System, and Xalles Holdings is Acquiring AIgrowthHUB
Stocks discussed: (OTCPINK:GTCH) (OTC:XALL)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is researching practical applications for its intelligent, wireless, motion detection patented technology, codenamed “Apollo.” According to the press release, Apollo “includes AI algorithms to control and analyze radio wave transmissions and their reflections to construct accurate 3D/2D imaging in real time.” Danny Rittman, the company’s CTO, explained:
“We believe the wireless motion detection and imaging technology encapsulates a broad world of commercialization possibilities. The patent’s IP can be efficiently used as an accurate, high resolution computer vision “eyes” within a wide variety of fields. For example, one possible application is an external, non-invasive artery’s clogs imaging system. A small probe, like a common ultrasound unit, can scan the human body’s arteries, providing 3D imaging of arteries and veins, detecting life threatening blockages. Another efficient application is smart vehicles look-around vision system to provide detailed information about the vehicle’s surroundings. In addition, this type of technology can be highly efficient for the security domain, for example concealed objects detection systems for airports. The patent’s computer vision IP can “see” through walls and other mediums using machine learning algorithms. Apollo sends RF data and analyzes its reflections using deep learning techniques, constructing 3D/2D images and live motion videos in real time.”
Fintech holding company Xalles Holdings Inc. (OTC:XALL) is acquiring AIgrowthHUB Inc. in a share exchange agreement, rendering the latter a wholly-owned subsidiary. AIgrowthHub, according to the press release, “provides business solutions that focus on acquiring customers and enriching the customer experience,” and is expected to contribute roughly $7 million in revenue to Xalles over the next 12 months. Thomas Nash, CEO of Xalles Holdings, said:
“We believe that artificial intelligence is just beginning to be implemented in a number of business processes and Xalles plans to assemble a group of companies that will support internal companies and external clients with process-changing services.”
AI in Manufacturing Market to Reach $78.74B by 2030
A report published by Acumen Research and Consulting finds that the global AI in Manufacturing market is projected to grow from $2.96 billion USD in 2021 to $78.74 billion by 2030, registering a compound annual growth rate (CAGR) of 44.3 percent in the forecast period 2022-30. An excerpt from the report’s description outlines som key factors influencing the market’s growth:
AI and industrial automation have come a long way in recent years. Machine learning techniques, sensor advancements, and thus increased computing power have all contributed to the creation of a newer generation of robots. Moreover, the advent of industry 4.0 is another factor that is expanding the artificial intelligence in manufacturing market’s revenue. However, lack of advanced infrastructure which also requires high initial investment is likely to limit the market from growing.
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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