Vancouver, Kelowna, Delta, BC – November 22, 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 companies GBT Technologies Inc. (OTCPINK:GTCH) and LZG International Inc. (Fatbrain AI) (OTC:LZGI).
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AI Eye Podcast 739: Stocks discussed: (OTCPINK: GTCH) (OTCQB: LZGI)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (OTCQB:LZGI)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is evaluating the implementation of its intelligent financial and database management technologies for social media applications. Specifically, this involves the company’s AI driven, credit cards management systems, wherein “transactions are monitored, tracked and secured by an artificial intelligence engine to ensure efficiency, user’s highest financial benefit and future planning.” Danny Rittman, GBT’s CTO, said:
“Our AI controlled, financial transaction management system is targeted to automatically assist users with their monetary decisions and security by monitoring the user’s accounts and selecting the best debit choice according to the transaction’s characteristics at that time.”
LZG International Inc. (FatBrain AI) (OTCQB:LZGI) has begun the process to “uplist” its shares of common stock from the OTC Markets Group Inc.’s OTCQB Venture Market to the New York Stock Exchange. This follows “significant growth” brought on by the company’s “expanded distribution, corporate strategy and powerful product offering,” according to the press release. Peter B. Ritz, co-founder and CEO of FatBrain AI, explained:
“We’ve realized our 2023 growth objectives in 2022. Our controls, governance and revenues are advancing to levels appropriate for broader institutional scrutiny. We’re delighted to welcome the new investor audience, which a potential NYSE listing would afford us and our growth. Our vision is to continue growing organically, boosted with strategic expansion through acquisitions and joint ventures – again striving to attain projected 2024 results in 2023.”
Global AIaaS Market to Reach $96B in 2030
A report published by Grand View Research finds that the global Artificial Intelligence as a Service (AIaaS) market is projected to grow from $5.6 billion USD in 2021 to $96.0 billion in 2030, registering a compound annual growth rate (CAGR) of 37.1 percent in the forecast period 2022-30. The following excerpt from the report’s summary outlines the role of machine learning technology in the market’s growth:
The machine learning segment led the market in 2021, accounting for over 35% share of the global revenue. Machine learning platforms, such as reinforcement machine learning algorithms, supervised machine learning algorithms and unsupervised machine learning algorithms, are primarily concerned with developing computer systems that can access data and use it for self-learning. Machine learning algorithms, methodologies, and frameworks enable businesses to tackle complex problems fast. Furthermore, the most successful firms and industries plan and create new concepts and strategies to reduce workload.
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.
About FatBrain AI (LZG International, Inc.)
FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain’s AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain’s subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.
For more information, please visit: https://www.fatbrain.ai
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