The #AIEye: GBT (OTCPINK: $GTCH) Announces Publishing of Mobile Database Sharing Patent Application, Microsoft Nasdaq: $MSFT) and NTT Form Strategic Alliance and IBM (NYSE: $IBM) Extends #AI Services Through IDaaS Offering
Global AI in Supply Chain Market to Reach $21.8 Billion by 2027
Point Roberts WA, Vancouver BC – December 10, 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: (OTCPINK:GTCH) (NasdaqGS:MSFT) (TYO:9432) (NYSE:IBM)
GBT Technologies Inc. (OTCPINK:GTCH) has announced that its mobile database sharing, non-provisional patent application was published on November 28, 2019 as a US and international application. According to the press release, the “patent application seeks to protect one of GBT's most essential Intellectual Properties (IPs), which is a mobile digital/analog information management system”. Danny Rittman, GBT's CTO, explained:
"GBT's devices share information via radio and over the internet which require robust security and protection. We believe our database management system is a breakthrough solution enabling top notch security by processing the information according to advanced, proprietary methods. Our database system is capable of handling vast amount of information over our network, which is essential for IoT/Mobile, real-time applications, among them autonomous machines, military/security applications and medical apparatus. The system supports media, textual and graphic/imaging information types and enable high performance, secured processing.”
Microsoft (NasdaqGS:MSFT) and NTT Corporation (TYO:9432) have formed a strategic alliance that will bring together the former’s “trusted cloud platform and AI technologies” with the latter’s “best-in-class ICT infrastructure, managed services and cybersecurity expertise” to “help enterprise customers accelerate their digital transformations”. Satya Nadella, CEO, Microsoft, said:
"Our strategic alliance combines NTT’s global infrastructure and services expertise with the power of Azure. Together, we will build new solutions spanning AI, cybersecurity and hybrid cloud, as we work to help enterprise customers everywhere accelerate their digital transformation."
IBM (NYSE:IBM) Security is extending its AI technology to all clients through its identity-as-a-service (IDaaS) offering. According to the press release, “IBM Cloud Identity now features AI-based adaptive access capabilities that help continually assess employee or consumer user risk levels when accessing applications and services”. Jason Keenaghan, Director, IBM Security, commented:
"Companies are constantly trying to optimize both security and user experience, but the trick is ensuring security is not disrupting the everyday user journey. IBM Cloud Identity with adaptive access is using AI to give organizations a holistic view of context for user access, based on indicators like malware and risk indicators, device insights, and user behavior, to help them focus security on high risk logins and give the majority of users seamless access to their accounts and applications."
Global AI in Supply Chain Market to Reach $21.8 Billion by 2027
A report from Meticulous Research finds that the global AI in Supply Chain market will grow to $21.8 billion by 2027 with a compound annual growth rate (CAGR) of 39.4 percent in the forecast period 2019-2027. An excerpt from the report description reads:
In modern digital society, digital co-creation and artificial intelligence in supply chain are becoming a dynamic business norm. The adoption of artificial intelligence in supply chain is routing a new era or technological transformation, allowing the companies to track their operations, augment business strategies, enhance supply chain management productivity, and engage with customers in the digital world. The growth of the global AI in supply chain market is primarily driven by perpetually growing internet users & smart devices across the globe, increasing awareness about artificial intelligence & big data & analytics, government initiatives towards digitization, and adoption of computer vision technology across several vertical industries. However, the high procurement operating cost and lack of infrastructure pose the biggest hindrance to the market growth.
Sam Mowers, Investorideas.com
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