The #AIEye: GBT (OTC PINK: $GTCH) Concludes Sale of ECS Prepaid Business, Intel (Nasdaq: $INTC) Reveals New Generation of Xeon Processors Featuring #AI Integration
European #AI Market to Register 23.6% CAGR from 2016-2024
Point Roberts WA, Vancouver BC – October 7, 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:INTC) (NasdaqGS:NUAN)
GBT Technologies Inc. (OTC PINK:GTCH) has concluded a sale of its ECS Prepaid Financial Services business. The sale will allow the firm to focus its resources on the technological and patented and patent-pending technology platform highlighted by its GopherInsight, gNET Wireless Mesh Network platform and its Avant! AI management system. Douglas Davis, GBT’s CEO, commented:
"It is still our strategic goal to launch our world-class products and software with a focus on organic growth as well as growth through strategic customer partnerships and merger and acquisition activity. The sale will allow our human resources to focus on the license of our core technology to third parties, as we began with the announced GuardianOrb pet-tracking technology agreement with our partner Shadalane. Unfortunately, the recent litigation has brought our other customer pilot projects, M&A activity and discussions with technology partners to a halt, so we intend to continue to explore various resolutions to continue moving GBT forward.”
Intel Corporation (NasdaqGS:INTC) has announced the newest generation of Intel® Xeon® W-2200 and X-series platforms, integrating Intel Deep Learning Boost to enable AI acceleration. Frank Soqui, Intel vice president, explained:
“The professional and enthusiast communities require product engineering that caters to their specific mission-critical needs and keeps them on the cutting edge of technology advancements. This means the best hardware and software optimizations, but also looking at how we can infuse things like AI acceleration. No matter if you are a data scientist, cinema creator or freelancer, Intel Xeon W and X-series offer power and flexibility of choice, enabling you to keep working creatively and competitively across even the most intensive workloads.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has expanded Clinical Guidance for the Dragon Medical Advisor, an AI-powered Computer-Assisted Physician Documentation (CAPD) technology. The Clinical Guidance “supports diagnoses with relevant clinical information; minimizes rework from retrospective queries; measures and advances care quality and financial performance; and supports the appropriate reimbursements for care,'' according to the press release. Dr. Ginny Kwong, Vice President and Chief Medical Information Officer of Halifax Health serving east-central Florida, commented:
“Dragon Medical Advisor provides in-workflow advice at the point of care, enabling our physicians to build better documentation that reflects the care provided. It captures a complete and accurate patient story from the very first encounter – all while saving our providers valuable time. We’re advancing our CDI program by empowering physicians with tools that improve efficiency while they focus on what matters most - patients and the quality of care.”
European AI Market to Register 23.6% CAGR from 2016-2024
A report from Maximize Market Research finds that the European AI market is projected to register a compound annual growth rate (CAGR) of 23.6 percent in the forecast period 2016 and 2024. The market was valued at $17.2 billion in 2016. An excerpt from the report summary reads:
The biggest driver here with artificial intelligence lies in unlimited access to computing power. An example would be public cloud computing was projected to stretch to almost US$70 billion in 2015 itself. Secondly, the driver of AI lies in data storage that has also become abundant as of the growth in big data. It would be correct to say that in a more digitalized world, the growth of data is constantly improving AI improvements.
Based on technology, machine learning has dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years, due to the increase in demand for artificial intelligence industry solutions.
Sam Mowers, Investorideas.com
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