Vancouver, Kelowna, Delta, BC – February 28, 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 discussed: (OTCPINK: $GTCH) (NYSE: $SNAP)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:SNAP)
GBT Technologies Inc. (OTC PINK:GTCH) has announced that it is enhancing its Avant! AI technology – which is held by its partially owned subsidiary, GBT Tokenize – with the addition of new Natural Language Processing (NLP) systems and methods for a better user interaction experience. There are also efforts, according to the press release, to “update Avant! training models and back-end architecture to support faster response and robust information.” GBT’s CTO, Danny Rittman, said:
“Avant! can understand unstructured data, and takes it from a wide range of sources – professional articles, research papers, blogs, and human’s input. It is trained to respond to highly complex questions, and quickly provide an answer, backed by evidence. Since its release GBT Tokenize, which is 50% owned by GBT, has used Avant! within other derivative applications.”
Snap Inc. (NYSE:SNAP) has announced the launch of “My AI”, described as “a new chatbot running the latest version of OpenAI’s GPT technology” that the company has customized for Snapchat. My AI is currently available as an experimental feature for Snapchat+ subscribers, rolling out this week. The press release boasts that My AI “can recommend birthday gift ideas,””plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku,” but that it “is prone to hallucination and can be tricked into saying just about anything.” Moreover, the chatbot is “designed to avoid biased, incorrect, harmful, or misleading information,” but “mistakes may occur.”
Global AI in Manufacturing to Reach $22.6B by 2030
A report published by Market Research Future finds that the global AI in Manufacturing market is projected to grow from $1.59 billion USD in 2018 to $22.6 billion by 2030, registering a compound annual growth rate (CAGR) of 48.2 percent in the forecast period 2022-30. The following excerpt from the report’s summary outlines some key factors impacting the growth of the market:
Developing market of industry 4.0 and smart factories, increasing adoption of automation by SMEs as well as large enterprises, and development in advanced technologies such as artificial intelligence, machine learning & deep learning are some of the prime factors driving the growth of the Artificial Intelligence (AI) in Manufacturing Market. However, data security & privacy concerns, and high integrating cost of AI-based solutions are some major factors hindering the market 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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