AI Eye Podcast: AI Stocks in the News: (OTCPINK: $GTCH) (NYSE: $NVRO)
Vancouver, Kelowna, Delta, BC – March 7, 2023 (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: AI Stocks in the News: (OTCPINK: $GTCH) (NYSE: $NVRO)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:NVRO)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is further developing – through GBT Tokenize LLC – its Avant! AI technology with the goal of performing cybersecurity threat modeling. This will see GBT Tokenize “train Avant! to analyze applications with the objective of identifying security requirements, pointing out threats and potential vulnerabilities, quantifying critical threats/vulnerabilities, and prioritizing remediation methods.” Danny Rittman, GBT’s CTO, explained:
“It is planned to include a breakdown of processes, databases, data flows, and trust boundaries. Our goal is for it to enable defense mechanisms development for authentication, data protection, confirmation, confidentiality, availability, and authorization. Because it understands structured and unstructured data, it could be trained to identify advanced attacks, analyze situations in real-time, and provide remediation. We believe this can help minimize the risk of data breaches, cyberattacks, and other security incidents, and assist in protecting sensitive data, intellectual property, and other valuable assets.”
Nevro Corp. (NYSE:NVRO) has announced the U.S. full market launch of its AI-powered HFX iQ spinal cord stimulation (SCS) system, following the completion of a successful limited market release. HFX iQ, according to the press release, “combines clinical inputs, such as pain relief and pain score, along with Quality of Life inputs, such as pain medication and activity level changes, to provide an individualized program setting for each patient.” Usman Latif, an interventional pain specialist who practices at the University of Kansas Medical Center, commented:
“This is an exciting time in spinal cord stimulation — better waveforms, more conditions we can treat, and a massive treasure trove of patient data. The way forward in this field is precision medicine powered by big data and artificial intelligence.”
Global Mobile AI to Reach $84.8B by 2030
A report published by Allied Market Research finds that the global market for Mobile AI is projected to grow from $8.56 billion USD in 2020 to $84.8 billion by 2030, registering a compound annual growth rate (CAGR) of 26.44 percent in the forecast period 2021-30. An excerpt from the report overview outlines some trends impacting the market’s growth:
Factors such as the high demand for Artificial Intelligence in smartphones, rise in demand for AI-capable processors, and rising investment in AI technologies are driving the mobile AI market growth. AI technology is widely used in many groundbreaking applications in industrial, automotive and video gaming. Now, the smartphone industry has also started using AI technology, and it goes far beyond applications such as digital assistants. Several mobile manufacturing companies are competing to develop AI features for smartphones according to the needs of the users. However, high pricing of artificial processors is a major restraint to the global mobile AI market’s growth.
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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