Point Roberts, WA and Vancouver, BC – September 15, 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 603: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AI) (NYSE: $BKR)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:AI) (NYSE:BKR)
GBT Technologies Inc. (OTC PINK:GTCH) has filed a non-provisional patent application with the U.S. Patent and Trademark Office (USPTO), with fast-track request, for a motion and position detection method system. Code-named Apollo internally, the system leverages “AI technology that controls the radio waves transmission and analyzes the reflections, constructing 2D/3D images in real time.” Danny Rittman, the company’s CTO, explained:
“This patent covers electromagnetic waves technology to enable “seeing” people and objects through walls and other mediums. We see a great opportunity for the system in the health domain as a wearable-less monitoring system. For example, it can monitor a house or a hospital’s residents for health vitals, emotional state and detect emergencies like falls, all without wearing any warning devices. The technology is practically a wireless computer vision system and works in real time. Enabling larger range makes the system an effective “eye” for autonomous vehicles, aircraft, and robotics. Apollo is based both on radio hardware and machine learning technology. Via rapid analysis of an RF data, Apollo can identify humans and objects, constructing computerized images and motion in real time. Its capability to detect tiny rhythms, positions and motions makes it a perfect tool for a driver’s monitoring system ensuring passenger’s safety. We greatly believe that the Apollo system can offer major advancements in the health, security and safety domains and consider it as one of our major IPs.”
C3.ai, Inc. (NYSE:AI) and Baker Hughes Company (NYSE:BKR) have announced the successful deployment of the BHC3 Production Optimization enterprise AI application at MEG Energy, an Alberta, Canada-based energy company, to “improve operational efficiency, productivity, and to better visualize risk across the company’s upstream production operations.” Ed Abbo, CTO of C3.ai, said:
“Extracting significant economic value from complex production data requires enterprise AI. The BHC3 Production Optimization application, powered by the underlying capabilities of the BHC3 AI Suite, is tried, tested and proven to deliver predictive intelligence at scale to increase productivity, reduce risk, and help meet the environmental targets that are critical to ensuring future energy and climate security.”
Global AI in IoT Market to Reach $16.2B by 2024
A report published by Markets and Markets finds that the global AI in IoT market is projected to grow from $5.1 billion in 2019 to $16.2 billion by 2024, registering a compound annual growth rate (CAGR) of 26 percent in the forecast period. An excerpt from the report’s description outlines factors influencing the market’s growth in different regions:
North America is expected to hold the largest market size in the global AI in IoT market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In APAC, the highest growth rate can be attributed to the heavy investments made by private and public sectors for enhancing their AI and IoT technologies, resulting in the increased demand for AI in IoT solutions for gaining customer insights in real time. North America is expected to be the leading region in terms of adopting and developing AI in IoT. The growing investments in AI and IoT technologies, increasing presence of AI in IoT vendors, and rising government spending on innovative technologies such as AI in IoT are expected to contribute to the market growth during the forecast period.
Sam Mowers, Investorideas.com
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