Vancouver, Kelowna, Delta, BC – May 6, 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 691: Stocks discussed: (OTCPINK: $GTCH) (NasdaqCM: $NXTP)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NasdaqCM:NXTP)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that the patent for its intelligent wireless motion detection technology, codenamed Apollo, was granted on April 12, 2022. According to the press release, the Apollo’s AI “is designed to control and analyze radio wave transmissions and their reflections to construct 3D images and motion video of an object or living entity.” Danny Rittman, the company’s CTO, explained:
“Our Apollo wireless motion detection patent was granted on April 12 and we are pleased to start R&D activities to evaluate its commercialization possibilities. The Apollo patent protects an advanced IP that we believe can be used as an efficient computer vision and in a wide variety of fields. We believe the Apollo radio vision system can be used as a wearable-less health, “eyes” for smart vehicles or within a security system to detect concealed objects in airports. The patent’s intelligent computer vision can “see” through walls using machine learning algorithms. Based on RF data analysis, it constructs images and motion video of a scanned area. It is designed to detect and measure a heartbeat, breathing rhythm, a person’s fall, or emotional distress.”
Tech solutions firm NextPlay Technologies, Inc. (NasdaqCM:NXTP) has completed the acquisition of artificial intelligence (AI) game development and crypto asset management technologies of Fighter Base Publishing, Inc. (FBP) – including its Make It Games (MIG) brand – that will “further enhance its digital business ecosystem for digital advertisers, consumers, and video gamers.” NextPlay’s co-CEO Nithinan Boonyawattanapisut, said:
“We see MIG’s AI technology enabling not only rapid game development, but also faster ad creation, advertising optimization, and richer metaverse experiences across our NextPlay ecosystem. We believe that it will support faster product time-to-market and higher-margin digital asset monetization, as well as potentially generate licensing revenue from game and film studios, ad agencies and content creators.”
Global Automotive AI Market to Reach $53.11B by 2030
A report published by Acumen Research and Consulting finds that the global Automotive AI market is projected to grow from $2.71 billion USD in 2021 to $53.11 billion by 2030, registering a compound annual growth rate (CAGR) of 39.6 percent in the forecast period 2022-30. The following excerpt from the report’s description outlines some key trends influencing the market’s growth:
AI is currently being used in the automotive industry, in areas such as design, supply chain, production, and post-production. Furthermore, AI is being used in ‘driving assistance’ and ‘driver risk assessment’ systems, which is revolutionizing the transportation industry. Artificial intelligence is also revolutionizing aftermarket services such as predictive maintenance and insurance. Experts in the automobile industry have been debating four significant disruptive trends for the past few years: autonomous driving, car networking with data sensors, electrification, and shared mobility, which is referred to as ACES. The automotive market is predicted to develop as a result of these trends, and AI is a major technology in this.
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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