The #AIEye: GBT (OTCPINK: $GTCH) Begins Development of Neuromorphic Microchip CLEVER and Accenture (NYSE: $ACN) Agrees to Acquire Sutter Mills
Global Speech and Voice Recognition Market to Hit $26.79 Billion by 2025
Point Roberts WA, Vancouver BC – October 11, 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) (NYSE:ACN)
GBT Technologies Inc. (OTCPINK:GTCH) has started development of a new neuromorphic microchip project called the CLEVER chip. Aimed at being a hardware support for its AI software technology, the CLEVER chip will be designed to process vast data such as media (images, sound) and to respond to changes in that data in ways not specifically programmed but concluded by the chip's algorithms. Danny Rittman, GBT’s Chief Technology Officer, explained:
"We are excited to start this project since we believe it is the future of AI. Understanding how the human brain works, and modeling microchips after it, is a great challenge and we believe that we have all the required knowledge and experience to achieve this goal. Neuromorphic integrated circuits strive to model the human brain in silicon and process information as billions of neurons and trillions of synapses would do. It is our goal to design the CLEVER microchip to 'think' similarly to humans according to neurons based architecture allowing humanlike intelligent response. The system under development is being designed to work not by rules-based response but by neural network modeling and self learning, responding to changing images, sounds, and the like. That is a true process of learning. We intend to incorporate brain-alike, advanced neural networks into the CLEVER chip to understand inputs, run simulations/analytics, understand conditions/situations and make conclusions.”
Accenture (NYSE:ACN) has agreed to acquire French data-driven marketing strategist firm Sutter Mills. The acquisition is expected to enhance Accenture Interactive’s ability to help clients leverage data to deploy innovative marketing strategies. A statement from Sutter Mills founders Guillame Cardon, Oliver Mazeron and Xavier Cardon reads:
“We created Sutter Mills to be a key business partner for companies by combining a deep understanding of their strategic business issues with strong expertise in adtech, martech, data analysis and artificial intelligence. The mastery of these domains is the reason why many brands have relied on us to support them in defining and executing their marketing strategies. Joining Accenture Interactive would be a fantastic opportunity for our teams to develop their expertise on larger scale and global initiatives, and we are excited about the new opportunities it would bring.”
Global Speech and Voice Recognition Market to Hit $26.79 Billion by 2025
A report from Research and Markets finds that the global Speech and Voice Recognition market will reach $26.79 billion by 2025 with a compound annual growth rate (CAGR) of 17.2 percent in the forecast period 2019 to 2025. An excerpt from the report description reads:
The growth of the speech and voice recognition market is driven by the several factors including rising demand along with growing customer confidence in smart technologies; increasing demand of voice biometric security system essentially for monetary transactions; and increasing usage of the voice-based application for product purchases, shopping, ordering a meal, and playing music among others. However, certain factors, such as technological challenges to ensure accuracy in recognizing regional accents; the high price of smart solutions; and reluctance towards adopting new technologies, specifically among the elderly population may restrain the market growth to a certain extent.
Sam Mowers, Investorideas.com
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