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AI Eye Podcast 600: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $WFC)

Point Roberts, WA and Vancouver, BC – September 8, 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 600: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $WFC)

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Today’s ColumnThe AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NYSE:WFC)

GBT Technologies Inc. (OTC PINK:GTCH) has announced the conclusion of large-scale testing for its qTerm GEN III prototype human vital signs device device. This third generation release, according to the press release, boasts “a series of enhancements for higher accuracy, consistency, and visual feedback to support broader user’s usages and behaviors.” CTO Danny Rittman explains:

“GEN III version improvements will significantly increase the device’s overall performance, accuracy, and consistency, and with its accompanied web application widget, it can offer a real time medical information observation in remote places or simply from home. Our Artificial Intelligence technology is aimed to process the widget data and provide 24/7 medical monitoring in a later stage. The web widget will be soon available on qTerm’s website at www.qterm.me. As a courtesy for the public, we will provide a demo device data for demonstration purposes. During the next few months we plan to conclude the qTerm device and approach potential domain for its commercialization. We believe that this type of technology can become an essential health monitoring assistant at any time and place, keeping our lives healthier and safer.”

Wells Fargo & Company (NYSE:WFC) has launched a new Accounts Receivable (AR) service called Integrated Receivables, which leverages artificial intelligence, machine learning, and robotic processing to “help simplify payment and remittance data capture, re-association, and invoice matching.” Danny Peltz, head of Treasury Management & Payment Solutions for Wells Fargo, explained:

“Integrated Receivables allows our clients to spend less time working on piecing together payments data and more time focusing on their core business objectives. By automating the capture of payments and the matching of funds to invoices, Integrated Receivables can help produce significant operational cost savings, reduce the risk of incomplete or inaccurate data entry, and accelerate cash flow.”

Global AI Market to Reach $171.02B in 2025

A report published by Research and Markets finds that the global market for AI is projected to grow from an estimated $51.56 billion in 2021 to $171.02 billion in 2025, registering a compound annual growth rate (CAGR) of 35 percent in the forecast period. An excerpt from the report’s summary outlines factors influencing the market’s growth:

Growing investment in AI technologies contributed to the growth of the Artificial intelligence market. Many companies are investing in AI technologies or AI start-ups to increase the efficiency of AI software as AI enables them to make more informed decisions and achieve better results. For instance, Microsoft has invested around $1 billion in OpenAI, a San Francisco company. The two companies had formed a partnership to develop AI supercomputing technologies on Microsoft’s cloud Azure. AI is useful across multiple sectors. For instance, AI can lead to breakthroughs in R&D and diagnostics in the healthcare sector, it can help make better forecasts in finance, and in manufacturing, it can increase production controls and efficiency. Therefore, the rise in investment in AI technologies due to its advantages in every sector is driving the market for the Artificial Intelligence market.

Sam Mowers, Investorideas.com

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