#AIEye #Podcast 561: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $ED) (NYSE: $AI); #Artificialintelligence
GBT Completes GEN II of qTerm Device, and Con Edison Deploys Enterprise AI-Powered Applications on C3 AI Suite
Global #AI in Retail Market to Reach $19.9B by 2027
Point Roberts WA, Vancouver BC – May 26, 2021 – 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 – featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
GBT Technologies Inc. (OTC PINK:GTCH), through GBT Tokenize Corp, has completed generation II of its qTerm human vital signs device. This latest version includes a series of enhancements targeting higher measurement accuracy, reliability, and compatibility with a broader spectrum of users usage behavior. According to the press release, the GEN II release measures “body temperature, blood oxygen, and heart rate vitals with higher stability, and consistency to cover a wider spectrum of users measurement habits.” GBT’s CTO Danny Rittman commented:
“We put extra emphasis on the device's ease of use, and user friendliness aspects. The device is currently under technical performance testing and commercial features look-and-feel evaluations. We strongly believe that qTerm can be an efficient, affordable health device in every household to assist with general health monitoring and early detection of symptoms and concerns. We are ever thriving to improve the device's performance and capabilities, bringing it to the highest standards and regulations to enable people to maintain a healthy lifestyle."
Con Edison, a subsidiary of energy firm Consolidated Edison, Inc. (NYSE:ED), has deployed several new enterprise AI-powered applications built on the C3 AI Suite from C3.ai, Inc. (NYSE:AI). C3 AI’s President and CTO, Ed Abbo, commented:
"We’re excited to continue our rapid innovation and deliver next-generation enterprise AI applications with Con Edison, a market leader and one of the largest integrated utilities in the U.S. Our work with Con Edison exemplifies how large companies can reduce the time it takes to deploy new AI applications on the C3 AI Suite’s open, model-driven AI architecture, and significantly increase the value they realize from investments in enterprise analytics."
Global AI in Retail Market to Reach $19.9B by 2027
A report published by Meticulous Research finds that the global AI in Retail market will grow to $19.9 billion by 2027 with a compound annual growth rate (CAGR) of 34.4 percent in the forecast period 2020-2027. An excerpt from the report’s description identifies some factors influencing the market’s growth:
The growth in the global artificial intelligence in retail market is driven by factors such as perpetually growing internet users and smart devices, increasing awareness about AI and big data & analytics, and government initiatives towards digitization. Furthermore, the adoption of multichannel or omnichannel retailing strategy, untapped opportunities to increase sales efficiency, enterprises' demands for streamlining business processes, and growing need to enhance end-user experience and to take advantage of market dynamics are also contributing to the growth of the global artificial intelligence in retail market.
Sam Mowers, Investorideas.com
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