Vancouver, Kelowna, Delta, BC – November 9, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) stocks releases a special edition of the AI Eye Podcast looking at how tech firms are advancing the future of Integrated Circuit design, featuring AI innovator GBT Technologies Inc. (OTC PINK:GTCH).
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AI Eye Podcast 736: Stocks discussed: (OTCPINK: GTCH) (NasdaqCM: AEHL)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
GBT Receives Notice of Allowance for Facial/Body Recognition Patent Application, and Kylin cloud Enters Service Agreement for AI Enterprise
Stocks discussed: (OTCPINK:GTCH) (NasdaqCM:AEHL)
GBT Technologies Inc. (OTC PINK:GTCH) has received a notice of allowance for its facial and body recognition non-provisional patent application. According to the press release, the patent application “seeks to protect techniques to apply machine-learning to classify human facial and bodily features, enabling locking and unlocking functions for smartphones and computers.” Danny Rittman, GBT’s CTO, explained:
“We believe this type of system can be of a great value for security applications such as identifying a person-of-interest in crowded places like airports, shopping malls and conferences. Another possible efficient application is facial identification for locking/unlocking electronic devices. As security systems have significantly evolved over the past decades, particularly for mobile devices and computers, we believe this type of technology can offer a strong protection layer against privacy and data theft. We believe this type of technology can be effective for various security applications, video censuring and fitness. It can also be implemented within a live stream video such as surveillance cameras or post imaging/video analysis. We plan to further invest in R&D efforts for the described technology, to evaluate superior security capabilities for individuals and businesses.”
Antelope Enterprise Holdings Limited (NasdaqCM:AEHL) has announced that its subsidiary, Hainan Kylin Cloud Services Technology Co., Ltd (Kylin Cloud), has entered into a Service Agreement Contract with Anhui Zhongzhou Innovation Industry Technology Co., Ltd. (Anhui Zhongzhou) to utilize its SaaS platform to help Anhui Zhongzhou recruit personnel for its artificial intelligence (AI) data services business. This, according to the press release, will see Kylin Cloud “recruit part-time personnel for Anhui Zhongzhou to help in their business development associated with data collection, data labelling and data annotation services for AI and machine learning for their clients.”
Global AI Powered Storage Market to Reach $162.5B by 2031
A report published by Allied Market Research finds that the global AI Powered Storage market is projected to grow from $15.6 billion USD in 2021 to $162.5 billion by 2031, registering a compound annual growth rate (CAGR) of 26.7 percent in the forecast period 2022-31. An excerpt from the report’s description outlines some factors influencing the market’s growth:
AI-powered storage is gaining popularity due to growing demand for artificial intelligence and machine learning. AI-powered storage utilizes advanced analytics which creates increased demand for business infrastructure. Moreover, it plays a crucial role in digitization and adoption of connected devices. Furthermore, the AI-powered storage market is anticipated to grow at a significant rate due to increased data volumes and a rise in the adoption of artificial intelligence services.
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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