Point Roberts, WA and Vancouver, BC – June 16, 2021 (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 569: Stocks discussed: (OTCPINK: $GTCH) (OTC: $GTXO) (NYSE: $LU)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (OTC:GTXO) (NYSE:LU)
GBT Technologies Inc. (OTC PINK:GTCH) announced that on June 10, 2021 it entered into a Letter of Intent (LOI) with GTX Corp (OTC:GTXO) to “develop a framework of cooperation between the companies to evaluate the viability and market size of the Company’s Intellectual Property and product line for worldwide exclusive licensing rights to manufacture, sell and distribute their products.” GTX is described as “a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions.” GBT’s CTO Danny Rittman said:
“We believe this proposed relationship with GTX can improve our go to market efforts for our IP and products. GTX’s proven extensive Global reach, experience in getting innovative products to market and understanding of our technology were critical factors in our decision to enter into this agreement.”
Patrick Bertagna, GTX CEO commented:
“My team and I are excited to have the opportunity to expand our product line and capabilities with GBT’s existing portfolio of products. I believe their products have the ability to enhance our existing offerings to our worldwide customers and distribution partners.”
Lufax Holding Ltd. (NYSE:LU) has announced that its retail credit facilitation platform subsidiary, Ping An Puhui, has launched an AI-powered smart loan solution called Xingyun. The use of AI simplifies the loan application process, which according to the press release, reduces “the average time spent in a loan application process for small and micro customers by 44%, to improve their access to financing.” More specifically, this involves the utilization of AI imaging technology to “create a remote face-to-face experience throughout the lending application and service process.”
Global Aerospace AI Market to Reach $5.8B in 2028
A report published by Allied Market Research finds that the global Aerospace AI market will grow from $373.6 million in 2020 to $5.8 billion in 2028 with a compound annual growth rate (CAGR) of 43.4 percent in the forecast period. An excerpt from the report overview reads:
Implementation of AI in the aerospace sector can allow aircraft manufacturers to reorganize production of various components and lessen various safety issues at airports. AI technologies such as machine learning, computer vision, and natural language processing are capable of bringing dramatic changes across different areas such as customer service, smart maintenance, product design, pilot training, and threat identification.
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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