Point Roberts, WA and Vancouver, BC - October 5, 2020 (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.
Listen to today's podcast:AI Eye Episode 446: GBT Receives Patent Notice of Allowance and IBM (NYSE: $IBM) Launches Watson Advertising Suite of AI Solutions
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligenceStocks discussed: (OTCPINK:GTCH) (NYSE:IBM)
GBT Technologies Inc. (OTCPINK:GTCH) has received a notice of allowance for its System and Method of Mobile Database Management and Sharing patent, and expects a granted date during the next three months. The company's CTO, Danny Rittman, explained the patent:
"We are pleased to announce that one of our most prestigious patents has been granted. We believe our database sharing and management system is a breakthrough solution expected to provide additional security by processing the information according to advanced packets-segmentation algorithms. Especially nowadays, when the world is flooded with wired and wireless networks, our database system is capable of providing one of the highest security protocols, handling vast amounts of information over networks. In addition, our system is designed to significantly increase the network's communication speed and overall performance. We believe this is essential for IoT/Mobile, real-time applications including autonomous machines, military/security applications and medical systems. The system is designed to support media, textual and graphic/imaging information types with the goal of enabling high performance and secured processing. GBT is targeting this technology to be used within its future medical AI development and it will work with its proprietary integrated circuit (IC) technology within IoT/mobile devices. Further, GBT's database management system is targeted to be governed by our Avant! AI engine to ensure integrity, reliability and security. The patent protects the system's key methodologies, concepts and approaches and we hope to receive the official granting date during the next three months."
IBM (NYSE:IBM) has announced the IBM Watson Advertising suite of AI solutions aimed at allowing "brands to reach consumers while considering user privacy." This suite includes AI-enabled capabilities such as enhanced video and OTT (Over-the-top) capabilities, advertising efficacy measurement, and more. Bob Lord, SVP, Cognitive Applications and Blockchain, IBM, explained:
"While the advertising industry strives to re-emerge strong from the global economic and societal issues we faced this year, it's also deep in the throes of a major transformation with changes to mobile identity, certain elimination of third-party cookies, compliance and regulatory shifts and increased demand for trust and transparency. We believe AI will be the 'backbone' of the new era as the industry prepares for the next generation of advertising. We're using AI to help solve problems across the advertising industry, just like IBM has in countless other industries like Healthcare, Financial Services and Retail. Our work will be a step forward in our evolution to meet the advertising industry's upheaval, and we are proud to help the advertising industry advance with the value of AI."Global Cognitive Collaboration Market to Reach $4.235 Billion by 2028
A report published by Adroit Market Research finds that the global Cognitive Collaboration market will reach $4.235 billion by 2028. According to the report's summary, cognitive collaboration "integrates artificial intelligence (AI), natural language processing (NLP), and advanced algorithms in hardware, software, and cloud analytics," and "facilitates new intelligence levels along with insights to enhance human management as well as teamwork." An excerpt from the report description reads:
The demand for the cognitive collaboration market globally to witness considerable growth in the coming five years. It includes the practice of implementing thinking and behavioral preferences to create an environment encouraging high quality as well as frequent collaboration. It incorporates enterprise content, artificial intelligence, and data insights along with analytics to offer contextual significance to the organizational meeting, team collaboration, calling, and contact center communications. Cognitive collaboration uses cloud and deep analytics to facilitate new levels of insight and intelligence to enhance teamwork and human engagement.
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