Vancouver, Kelowna, Delta, BC – July 28, 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 714: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $PLTR)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
GBT Releases New Version of Hippocrates Web App, and Palantir Announces $99.9M Contract with US Army Research Lab for AI/ML
Stocks discussed: (OTCPINK:GTCH) (NYSE:PLTR)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is releasing a new version of the web application for its Hippocrates machine learning driven health content provider. The new application will leverage the company’s Avant! AI engine to “provide intelligent internet search, providing answers for general or specific health related questions.” Danny Rittman, GBT’s CTO, explained:
“This is only one of the many possible implementations of our core Avant! AI technology. The AI system is targeted to understand a user’s question, analyzing the information and providing a targeted response. Hippocrates’ new release is equipped with an initial vast amount of health-related data and is situated to cognitively grow its knowledge base over time, learning from its own experiences or by training, the same way a human does. We invested vast efforts with the new release, incorporating professional, accredited data from governmental and medical documentation resources. The current release is aimed to provide a first line of health-related information. In addition, it offers Avant! intelligent internet search to provide answers and information for health-related questions. The system is not aiming to replace physicians but to provide first line health information and guidelines. We also plan to seek clinics and hospitals as partners to provide an expert assistant in specific domains, for example cardiology or pediatrics expertise.”
Palantir Technologies Inc. (NYSE:PLTR) has announced a two-year contract worth $99.9 million USD with the U.S. Army Research Laboratory to implement data and artificial intelligence (AI)/machine learning (ML) capabilities for users across the combatant commands (COCOMs). Akash Jain, President of Palantir USG, said:
“Maintaining a leading edge through technology is foundational to our mission and partnership with the Army Research Laboratory. Our nation’s armed forces require best-in-class software to fulfill their missions today while rapidly iterating on the capabilities they will need for tomorrow’s fight. We are honored to support this critical work by teaming up to deliver the most advanced operational AI capabilities available with dozens of commercial and public sector partners.”
Global AI in Drug Discovery to Reach $4B by 2027
A report published by Markets and Markets finds that the global AI in Drug Discovery market is projected to grow from $600 million USD in 2022 to $4 billion by 2027, registering a compound annual growth rate (CAGR) of 45.7 percent in the forecast period. The following excerpt from the report’s description outlines the significance of Deep Learning as a driving aspect of the market:
Based on type, the machine learning technology segment further segmented into deep learning, supervised learning. reinforcement learning, unsupervised learning, and other machine learning technologies. Deep learning segment accounted for the largest share of the market in 2021, and this segment is also expected to grow at the highest CAGR during the forecast period. Deep learning helps in managing data in a consistent manner, saves time, reduces the chances of errors in the drug discovery process, and reduces the workload for end users are some of the key factors for the market growth of this segment.
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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