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AI Eye Podcast 585: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $SSTK)

Point Roberts, WA and Vancouver, BC – July 28, 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 585: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $SSTK)

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Today’s ColumnThe AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NYSE:SSTK)

GBT Technologies Inc. (OTC PINK:GTCH) is considering using AI Accelerator technology for its xCalibre image analysis to significantly enhance its processing speed. CTO Danny Rittman explained:

“Our xCalibre system is a huge computing power consumer and we are using our AI based big data algorithms in it to enable fast processing. Additionally, we are using advanced computational geometry algorithms to scan, pixelate and analyze images. As part of our ongoing enhancement efforts and to ensure rapid, real time processing, we decided to evaluate an additional AI hardware accelerating system. We aim to adapt our AI algorithms to work with specific hardware that is especially designed to accelerate neural networks and other AI related algorithms. The combination of an accelerating hardware with our AI programs is aimed to produce an ultra-fast performance. We plan to implement the AI accelerator with our xCalibre imaging due to its computer vision characteristics. xCalibre is targeted for a real time processing of HD/UHD videos and images and has cognitive capabilities. As more images and videos are analyzed the system records the information for future use. One of the interesting possible applications is a real time surveillance video analysis where it can detect persons or objects of interest. Another possible application is the analysis of health-related images like MRI, X-Ray, CT and Ultrasound. These types of applications require a massive computing power and data handling. We are making constant efforts to improve and enhance our technology and believe that a custom AI accelerator will majorly boost xCalibre’s performance, making it an efficient candidate for autonomous vehicles computer vision, health and security applications.”

Shutterstock, Inc. (NYSE:SSTK) has announced the launch of a new subsidiary, Shutterstock.AI. In turn, Shutterstock.AI has acquired three leading AI platforms: Pattern89, Datasine, and Shotzr. Stan Pavlovsky, Shutterstock’s CEO, explained:

“With these three acquisitions, Shutterstock.AI will help our customers globally solve the biggest creative challenge they have — discovering and selecting the right content that is relevant, and that resonates with audiences. We want our customers to create with confidence. To complement this, Shutterstock.AI will also help new customer segments accelerate the development of artificial intelligence, by unlocking the power of the data associated with our vast content library. From autonomous vehicles, to content moderation, to AI powered process automation, Shutterstock.AI’s high quality data and services will enable companies to develop the next generation of technologies.”

Global Home Automation Market to Reach $114B by the End of 2025

A report published by Fortune Business Insights finds that the global Home Automation market will grow from $45.8 billion in 2017 to $114 billion by the end of 2025 with a compound annual growth rate (CAGR) of 12.1 percent in the forecast period 2018-2025. An excerpt from the report’s summary outlines the growth of the North American region:

North America generated a home automation market revenue of USD 16.4 billion in 2017 and is projected to emerge as the leading region in the global market during the forecast period. Growth observed in this region is likely to be driven by increasing mergers between key players & IT companies with an aim to develop and deploy solutions based on IoT and AI in the USA. Likewise, a high deploying rate of safety and security solutions in this region is projected to augment the growth of the market.

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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