Vancouver, Kelowna, Delta, BC – March 7, 2022 (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 668: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AI) (NYSE: $LYB)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:AI) (NYSE:LYB)
GBT Technologies Inc. (OTC PINK:GTCH) has received notice of allowance for its wireless motion detection IP patent, codenamed “Apollo”. Apollo is an AI-powered radio based, real time motion detection method and system. The company’s CTO, Danny Rittman, said:
“We were pleased to receive a notice of allowance for our Apollo, non-provisional patent application, as we truly believe that this type of technology can offer a breakthrough wireless solution in a wide variety of domains. The patent seeks to protect the concept of using AI controlled radio waves technology to achieve “seeing” capabilities through objects such as walls. We believe the IP will have applications in a wide diversity of domains among them are health as wearable-less monitoring, autonomous vehicles as computer vision, security applications for intruder alert and more. The technology includes deep learning capabilities that enable rapid analysis of RF data, identifying living/stationary entities and constructing computerized imaging. The goal of the IP is to identify tiny rhythms and movements, which we believe will make it a perfect fit to detect and measure heart beat rate, breathing rhythm, alerting in emergency situations, like a person’s fall or irregular heartbeat. We consider this patent one of our major IPs and intend to further research into the development of intelligent systems based on its concepts.”
C3.ai, Inc. (NYSE:AI) has announced a five-year expansion of its strategic agreement with chemical industry leader LyondellBasell (NYSE:LYB) to “accelerate the deployment of enterprise, data-driven AI and machine-learning applications on the C3 AI Suite across LyondellBasell.” Anup Sharma, SVP Global Business Services, LyondellBasell, said:
“C3 AI is at the core of LyondellBasell’s digital transformation. Through an industry leading approach, we will leverage strategic relationships to accelerate our journey and continue to unlock trapped value, improve the safety and reliability of our assets, and increase efficiency across the entire value chain.”
Global AI in Social Media Market to Reach $6.12B by 2028
A report from Verified Market Research finds that the global AI in Social Media market is projected to grow from $740 million USD in 2020 to $6.12 billion by 2028, registering a compound annual growth rate (CAGR) of 28.82 percent in the forecast period 2021-28. An excerpt from the report’s description outlines factors influencing the market’s growth:
The increasing demand for smart homes and smart cities in developing countries and artificial intelligence technology in smartphones with the increase in the adoption of AI technology for various applications in the social media sector are the major factors driving the market growth. An increase in investment by e-commerce companies helps in product recommendations by social media users.
Moreover, Increasing consumer awareness, the standard of living, with the rise in digitalization in developing countries. With the help of AI technologies, people are aware of the trends in the market by getting a large amount of data on the social media platform to understand the trends and brands in the market are some of the essential drivers for the growth of the Market globally.
Sam Mowers, Investorideas.com
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