#AIEye Episode 466: GBT (OTCPINK: $GTCH) and JV Partner Alpha EDA Commence IC Design Productivity Enhancement Development, and National Grid (NYSE: $NGG) Invests in Two #AI Startups #artificialintelligence #technology
Global Wearable AI Market to Reach $42.34 Billion by 2026
Point Roberts WA, Vancouver BC – November 2, 2020 – 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) (NYSE:NGG)
GBT Technologies Inc. (OTC PINK:GTCH), along with its joint venture partner Alpha EDA, has announced that it has commenced the development of IC design productivity enhancement algorithms and methods. This technology aims to “accelerate microchips design process with a focus on advanced nodes of 7nm and below,” according to the press release. GBT’s CEO, Danny Rittman, explained:
"Design houses spend months and hundreds of millions of dollars to verify and tweak their designs in order to comply with the process's complex geometrical and electrical rules. Introducing advanced design rules automatic correction technology, within a wide range of arenas, will significantly shorten IC design time and therefore enable faster design and manufacturing of microchip, with higher performance and reliability. We are interested in commercializing this technology into a set of software tool's suite that will include our AI algorithms and methods. This technology will include our recent 3D IC patent implementation in order to enable the design and manufacturing of larger chips. We believe that our technology will be a game changer when it comes to an IC design productivity enhancement and will enable the design of larger and smarter chips, with higher reliability and performance."
National Grid Partners (NGP), the investment and innovation arm of National Grid plc (NYSE:NGG), has invested in two data analytics startups that employ artificial intelligence to protect critical infrastructure and reduce costs for customers. The two startups are: Aperio Systems, “which uses AI and machine learning (ML) to analyze and monitor industrial sensor data in real time,” and AiDash, which “uses high-resolution satellite imagery coupled with AI to help utility and energy customers transform operations and maintenance activities like vegetation management, remote monitoring and disaster management.” Lisa Lambert, the company’s Chief Technology and Innovation Officer, as well as the founder and president of NGP, said:
"National Grid’s ambition is to become the most intelligent transmission network in the world. We are investing in and deploying technologies across our networks to enhance resilience and reliability, while more easily integrating clean energy."
Global Wearable AI Market to Reach $42.34 Billion by 2026
A report published by Zion Market Research finds that the global Wearable AI market will grow from $10.11 billion in 2019 to $42.34 billion by the end of 2026, exhibiting a compound annual growth rate (CAGR) of 21.2 percent in the forecast period 2020-2026. An excerpt from the report summary outlines some factors driving the market:
Wearable Artificial intelligence device[s] will have a huge demand for the forecasted years. High demand for consumer electronic[s] from the young generation are one of the major factors promoting the growth of the market. In addition, rapid technological advancement and penetration of technology in [the] healthcare sector further boost the demand of the market. Rising sales of mobile phone[s] in countries like India and China are a major driving factor for the growth of the market. Rapid penetration of 5G technology followed by government funding will further help the market into the double digit trend.
Sam Mowers, Investorideas.com
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