Point Roberts, WA and Vancouver, BC – June 7, 2021 (Investorideas.com Newswire) Investorideas.com (www.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 565: Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $SRGA)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:SRGA)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it has commenced research on the development of an AI-empowered, wireless patient monitoring system with the internal code name Apollo. GBT’s CTO Danny Rittman explained:
“We are researching to develop an out-of-the-box monitoring device for patients and the elderly that is radio-based and AI-empowered. It is our goal to particularly serve people that do not like to wear monitoring devices and yet need to be monitored at their home or at a facility. The Apollo device will be using RF signals to transmit in specific frequencies and analyze the reflection data. It is our goal to use a deep learning analysis to determine if the data belong to a human or objects and will calculate heart rate, breathing, and movement. It is our goal that a person would not need to wear any electronic device and the system will be able to detect his/her daily activities. The goal of the system will be to detect, in real time, irregularities like a fall, low breathing or an irregular heartbeat and to alert emergency response. Since the system will be working via radio waves, it will be able to cover an entire home environment.”
Medical tech firm Surgalign Holdings, Inc. (NasdaqGS:SRGA) has entered into a strategic collaboration agreement with Inteneural Networks Inc., the latter of which is described as “a developer of innovative artificial intelligence (AI) based applications focused on fully autonomous analytics of central nervous system imaging.” The collaboration will see Surgalign “gain access to Inteneural’s proprietary technology for evaluation of future integration within the Surgalign digital surgery portfolio.” Surgalign’s CEO Terry Rich said:
“While our initial focus is the application of digital surgery in spine procedures, we have a much more expansive vision for what we believe is possible with emerging technologies. New developments in the application of AI in neurosurgery and medical imaging make it an attractive space to further expand. Inteneural has developed machine learning-based analytics and fully autonomous brain anatomy segmentation capabilities that would be incredibly powerful when combined with neurosurgery. The agreement between Surgalign and Inteneural sets the foundation for potentially enhanced research and development efficiencies, expansion of the addressable markets, and acceleration of the technological progress in the digital surgery space generally.”
Global AI in Healthcare Diagnosis Market to Reach $66.81B by 2027
A report published by Research and Markets finds that the global AI in Healthcare Diagnosis market will grow from $3.63 billion in 2019 to $66.81 billion by 2027 with a compound annual growth rate (CAGR) of 43.8 percent in the forecast period. The following excerpt from the report’s description outlines the influence of startups on the market’s growth:
Artificial Intelligence in healthcare is one of the most significant technological advancements in medicine so far. The involvement of multiple startups in the development of AI-driven imaging and diagnostic solutions is the major factor contributing to the growth of the market. China, the US, and the UK are emerging as popular hubs for healthcare innovations. Additionally, the British government has announced the establishment of a National Artificial Intelligence Lab that would collaborate with the country’s universities and technology companies to conduct research on cancer, dementia, and heart diseases. The UK-based startups have received benefits from the government’s robust library of patient data, as British citizens share their anonymous healthcare data with the British National Health Service. As a result, the number of artificial intelligence startups in the healthcare sector has significantly grown in the past few years, and the trend is expected to be the same in the coming years.
Sam Mowers, Investorideas.com
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