By Vancouver, Kelowna, Delta, BC – December 14, 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 744: Stocks discussed: (OTCPINK: GTCH) (ASX: BRN) (NasdaqGS: INTC)
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Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
GBT Files Continuation Application for AI-Powered Facial/Body Recognition Patent, and BrainChip Joins Intel Foundry Services
Stocks discussed: (OTCPINK:GTCH) (ASX:BRN) (NasdaqGS:INTC)
GBT Technologies Inc. (OTC PINK:GTCH) has filed a continuation application with the United States Patent and Trademark Office for its facial and body recognition, non-provisional patent. Employing machine learning techniques, this technology aims “to classify human facial and bodily features, enabling security functions like locking and unlocking of smartphones and computers.” Danny Rittman, the company’s CTO, explained:
“The patent application describes a technology that learns from observational information and constructs a dataset that describes a three-dimensional figure of humans and objects. We believe this type of system can be efficient for security applications. For example, identifying a person-of-interest in crowded locations among them are airports, conferences and shopping centers. We believe another possible efficient application is facial identification for locking/unlocking electronic devices. As security systems have been significantly evolved in the past decades, particularly for mobile devices and computers, this type of technology can offer a strong protection layer against privacy and data theft.”
BrainChip Holdings Ltd (ASX:BRN) has announced that it has become a member of the Intel Foundry Services (IFS) ecosystem alliance to help advance innovation on Intel’s (NasdaqGS:INTC) foundry manufacturing platform. In particular, BrainChip has joined the IFS Accelerator – IP Alliance, in which it will integrate AI into the Systems-On-Chip (SoC), delivering “efficient compute and the unique learning and performance requirements of Edge AI.” Anil Mankar, Chief Development Officer at BrainChip, said:
“We are proud to partner with Intel as part of its IFS Accelerator – IP Alliance. The combination of BrainChip’s Akida IP and Intel’s leading technology helps ensure that customers looking to implement edge AI acceleration and learning have the tools and resources to accelerate their success.”
Market for Machine Learning to Reach $278.56B by 2028
A report published by Stratview Research finds that the market for Machine Learning is projected to grow from $21.5 billion USD in 2021 to $276.58 billion by 2028, registering a compound annual growth rate (CAGR) of 44 percent in the forecast period. The following excerpt from the report’s summary outlines some key trends influencing the market’s growth:
Growing developments in technology resulting in a higher accuracy of systems is a key factor augmenting the market growth. People interact with several systems that are based on machine learning such as voice recognition systems, recommender systems, and image recognition systems. Significant technological advancement in image recognition systems has spurred the system’s accuracy, thereby bolstering industry growth.
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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