The #AIEye: GBT (OTCPINK: $GTCH) Announces qTerm Vital Signs Device and Datametrex (TSXV: $DM.V) Establishes Joint Venture with Lotte Group
Global #AI-Based Personalization Market to Grow by $304 Million from 2018-2022
Point Roberts WA, Vancouver BC – April 6, 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) (TSXV:DM)
GBT Technologies Inc. (OTCPINK:GTCH) has announced the beginning of its development of qTerm, an intelligent human vital signs device. Development will be done through GBT Tokenize Corp., the company’s joint venture with Tokenize-It, S.A. Using temperature and optical sensors, qTerm measures a user’s vital signs like temperature, heart rate and blood pressure, and alerts them of any abnormalities in real time. Danny Rittman, GBT’s CTO, explained:
"As part of our efforts to move forward into the medical field, we started the design of a smart device to assist with rapid measurement and reporting of body temperature, heart rate and blood pressure. We intend for the device to be enclosed in a compact case and will be easy and intuitive to use. The system will include GPS technology. We will embed our AI technology to enable the rapid measurement of accurate vital signs in real time. In case of abnormalities like high body temperature or heart rate, the system can provide an audible and visual alert.”
Datametrex AI Limited (TSXV:DM) has established a joint venture with international conglomerate Lotte Group to co-bid on contracts with the Ministry of Health in South Korea. According to the press release, “Datametrex and LOTTE recently agreed to create a JV using its AI and other relevant technologies to improve the accuracy and transparency of data which includes ability to filter disinformation for the Ministry of Health Department in South Korea.” Datametrex CEO Marshall Gunter said:
“I am thrilled to share this update with shareholders, our team has done a fantastic job [of] fast tracking with LOTTE. The work we have done this past year training our technology in various languages such as Korean, Chinese, French, and Russian is really starting to pay off.”
Global AI-Based Personalization Market to Grow by $304 Million from 2018-2022
A report from Technavio finds that the global AI-based Personalization market will grow by $304 million from 2018-2022 with a compound annual growth rate (CAGR) of nearly 13 percent in the forecast period. An excerpt from the report snapshot gives an overview of the market:
Customer behavior drives the need for personalization of messages which can be made more effective using artificial intelligence and machine learning algorithms. By using this technology, messages can be sent based on previous orders, searches, clicks, time spent on pages, interests, wish lists. The need for personalization of messages and high unsubscribe rate for mass marketing will drive the growth of the artificial intelligence personalization market size during the forecast period.
The integration of AI with augmented reality will be one of the key AI-based personalization market trends that will gain traction over the forecast period. Several brands in the retail industry are using graphic illustrator that allows their target customers to try products through mobile applications or websites. The graphics illustrator can identify facial features and then use augmented reality to apply the product on the desired body part. Such advances in technology will result in an increase in artificial intelligence personalization market size during the forecast period.
Sam Mowers, Investorideas.com
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