The #AIEye: VSBLTY (CSE: $VSBY.C) (5VS.F) (OTC: $VSBGF) Names Two Experts to Management Team, GBT Technologies (OTC: $GOPHD) Mobile Database Sharing Patent Receives Positive Reviews and AWS (Nasdaq: $AMZN) Selected by The Globe and Mail for #Cloud and #AI
China’s #AI Development to Continue Increasing Despite “Limited Areas” of Application
Point Roberts WA , Vancouver BC – August 14, 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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Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/08141AIEye-VSBY-GOPHD-AMZN.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (5VS.F) (VSBGF) (OTC PINK:GOPHD) (NasdaqGS:AMZN)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) has named Matthew Pruitt as the company’s new Chief Experience Officer (CXO) and Paul Rinaldi as its new Senior Client Services Director, Retail. Pruitt was formerly the Chief Solutions Architect of NEC Corporation of America. VSBLTY Co-founder and CEO Jay Hutton said of him:
"We are delighted to add Matt Pruitt, a seasoned and respected thought leader in facial recognition. Our product, process and execution will be enhanced by Matt's experience and leadership. With the market now maturing, we must execute flawlessly. Matt is critical to that endeavor."
Rinaldi had previously served as Vice President, Sales & Operations at Optika Display. Hutton said of him:
"As a pioneer in the digital revolution underway in retail and other public spaces, VSBLTY is excited to bring Paul aboard. As we scale our business, the emphasis shifts from innovation to execution as our biggest partners and retailers focus on deployment and revenue."
GBT Technologies Inc. (OTC PINK:GOPHD) has announced that its Mobile Database Sharing PCT patent received a positive written opinion review by The Patent Cooperation Treaty ("PCT") International examiners on August 5, 2019. According to the press release, “The technology in the patent claim is targeted to work within the Company's private, secured communication protocol gNET, enabling vast database handling and management between devices. This proprietary database management system will also be adding another significant layer of cyber security to the Company's IoT/Mobile network, and is intended to be integrated with the Company's granted Patch patent”. Dr. Danny Rittman, GBT’s CTO, explained:
"Our Mobile Database Sharing patent is protecting one of our essential intellectual properties, which is targeted to work within our Avant! AI engine, currently being developed by GBT Costa Rica.”
GBT will now submit a request to expedite the U.S. Application in order to move quickly to get the patent granted domestically and internationally.
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by Canada’s biggest newspaper, The Globe and Mail, as the latter’s preferred cloud provider and as its standard for artificial intelligence (AI) and machine learning (ML) workloads. Greg Doufas, Chief Technology and Digital Officer, The Globe and Mail, commented:
“The Globe and Mail is investing heavily in data science and artificial intelligence. From our new audio feature running on Amazon Polly, to the Sophi predictive analytics platform, we are seeing great value in using AWS’s AI and ML services. The Globe originally built Sophi for its own use, but has since begun offering Sophi as a service to other news organizations. With AWS, we are able to bring our tech experts and editorial leadership together to innovate and bring new ideas to the newsroom to provide great experiences for our readers.”
China’s AI Development to Continue Increasing Despite “Limited Areas” of Application
An article today from the website International Mining looks at the digitalization and AI adoption seen in Chinese industry. The article cites Ivan Perminov, Head of International Business Development at Zyfra Mining, who argues contrasts the seeming wane in AI investment in the U.S. with that of China:
“Whereas in the US, a number of investors are becoming disillusioned with investments in AI startups, the China Institute for Science and Technology Policy at Tsinghua University has published a report stating that China has gained a head start over the US as the ‘two giants’ race into the fourth industrial revolution, having secured a leading position in the AI market in both technology development and applications.”
Though Perminov concedes that China’s disadvantage in the “limited number of areas, relative to the US, in which AI can actually be applied”, he stresses trends projecting greater dominance by the communist state.
“According to the research company CB Insights, while in 2017 China accounted for only 10% of transactions in the field of artificial intelligence, last year Chinese startups attracted more than 40% of dollar investments in the global AI market.”
“International Data Corporation notes that the Chinese artificial intelligence market reached $1.76 billion in 2018 and could grow to $11.9 bn by 2023.”
Sam Mowers, Investorideas.com
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