The #AIEye: GBT (OTC PINK: $GTCH) Receives Notice of Publication for GRT Application and AWS (NASDAQ: $AMZN) Makes Amazon Forecast Generally Available
Semiconductor Industry Leads #AI Adoption, According to Accenture Report
Point Roberts WA, Vancouver BC – August 22, 2019 – 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.
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC PINK:GTCH) (NasdaqGS:AMZN) (NYSE:ACN)
GBT Technologies Inc. (OTC PINK:GTCH) has received from the United States Patent and Trademark Office a Notice of Publication and published application for its Gopher Radio Token (GRT) application. According to the press release, “The GRT is an IoT/Mobile exchange/security application that is formed by the radio transmissions of a GopherInSight™ platform device, such as a chip, an IoT appliance or a wireless mesh network node. As such, it can be used to acquire IoT/Mobile services and to enhance data security on gNET private network. In addition, the system verifies the validity of a packet or Blockchain and keeps its history since inception. GRTs are created based on radio transmissions and can be used as a method of exchange/acquisition of IoT/Mobile services within gNET private network. The GRT is to be used as a proprietary token within any IoT/Mobile system that is using GBT technology, rewarding users for usage”. GBT CEO Doug Davis said:
"Current perception of Blockchain-based platforms is that they are secure because of the unalterable nature of a block once formed and the distributed nature of a Blockchain. However the blockchain is also subject to spoofing and other security intrusions, which is why GBT is proud to provide yet another layer of system validation, monitoring and security to enhance the entire GBT platform, all managed by our GBT Avant! AI."
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of its Amazon Forecast service. Amazon Forecast leverages machine learning to build forecasts for an array of business conditions, including product demand and sales, infrastructure requirements, energy needs, and staffing levels. Swami Sivasubramanian, Vice President, Amazon Machine Learning, commented:
“Amazon Forecast now offers the forecasting expertise from Amazon’s first 25 years of building the world’s largest ecommerce business in a managed service for any company to leverage. We’ve built sophisticated, machine learning forecasting algorithms over many years that our customers can now use in Amazon Forecast without having to know anything about machine learning themselves. We can’t wait to see how our customers use the service to reduce operating expenses and inefficiencies, ensure higher resource and product availability, deliver products faster, and lower costs to delight their customers.”
Semiconductor Industry Leads AI Adoption, According to Accenture Report
A report from Accenture (NYSE:ACN), titled Semiconductor Technology Vision 2019, finds that the Semiconductor industry leads in AI adoption with 80 percent of semiconductor executives using and piloting AI in their business. Furthermore, 63 percent of semiconductor executives consider that AI will have the greatest impact on their organization over the next three years. The press release quotes Syed Alam, a managing director at Accenture:
“AI will be a major growth driver for the semiconductor industry in light of high manufacturing costs and the growing complexity of chip development. To capture this opportunity, chipmakers should leverage AI technologies and partnerships to increase efficiency across their operations.”
Dave Sovie, senior managing director and global High Tech industry lead, commented:
“Technology advancements such as AI, 5G and IoT will force semiconductor companies to fundamentally reimagine the skilling of their workforces. To do that, they will need to empower and skill their workforce to conceive, make, distribute and support the next generation of products in the marketplace.”
Sam Mowers, Investorideas.com
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