#AIEye #Podcast 634: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $PLTR) (NYSE: $BBLN)
GBT Developing Wearable qTerm, Palantir and Babylon Announce Progress on Health Data Platform
Global #AI Market to Reach $175.63B by 2028
Point Roberts WA, Vancouver BC – December 8, 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
Stocks discussed: (OTCPINK:GTCH) (NYSE:PLTR) (NYSE:BBLN)
GBT Technologies Inc. (OTC PINK:GTCH) has started development of the wearable version of its qTerm, a human vitals device targeted to measure human vitals with a touch of a finger. According to the press release, the company “plans to design a wearable version of qTerm in a bracelet or watch form.” GBT’s CTO Danny Rittman explained:
"We started the design of qTerm's wearable version architecture and plan to start the system's components design in Q1 2022. As wearable health devices are constantly evolving, enabling continuous health monitoring of human vitals, we are taking this technology into a higher level, outfitting it with intelligent capabilities. One of its major planned key advantages is the capability to perform automatic background health measurements during a daily routine, relieving users from conducting on-demand checks, and in case of potential issue detection, the device will alert the user including his/her clinic or physician. This type of feature can be incredibly useful for users that forget to take their vitals at certain times, not aware of a potential health problem. The wearable version of qTerm is planned to be equipped with the same intelligent system to perform on-going health analytics and monitoring. Technically, the wearable device will include similar sensors with radio and mobile technologies, same as the finger version. It could be easily connected to hospitals or clinics data centers, sending the results to a physician's office during telemedicine sessions. qTerm wearable version will include a web widget and synchronized mobile application. We are now architecting the system's main components and its data structure. The device is based on multiple advanced technologies, among them are biomedical electronics, with radio software and data science. We envision our qTerm wearable device as an integral part of our personal health watching process, a concept with the purpose of positioning individuals within our healthcare system, managing their own health, working together with care providers to ensure a healthy lifestyle."
Palantir Technologies Inc. (NYSE:PLTR) and Babylon Holdings Limited (NYSE:BBLN) have announced progress in their partnership to develop one of the world’s most advanced health data platforms. Babylon is leveraging Palantir’s Foundry platform to accelerate the delivery of its “digital-first personalized care through the integration of its Health Graph, which represents a 360-degree view of its members’ health and wellbeing.” Steve Davis, Babylon’s CTO, said:
"We believe that our platform approach to powering our products and services, supported by world-class software such as Palantir Foundry, allows us to advance our responsible integration of data and enable the rapid development of our AI-enhanced capabilities to deliver something truly exceptional. The combination of our Health Graph with the Palantir Foundry platform will allow us to produce a more complete, 360-degree view of our members and further enhance the interactions members have with our clinical teams."
Global AI Market to Reach $175.63B by 2028
A report published by Vantage Market Research finds that the global AI market will grow from $65.32 billion USD in 2020 to $175.63 billion by 2028, registering a compound annual growth rate (CAGR) of 41.23 percent in the forecast period 2021-2028. An excerpt from the report’s description outlines some factors influencing the market's growth.
Moore’s law, a law about the increasing pace of computing speeds and prices, which held true for the last several decades, stands invalid today. We simply cannot comprehend the exponential rise in computing speed and power in the previous decade or so, and the advances that are yet to come in the coming years.
The other critical development is the speed with which rule-based AI has been replaced by data-based AI, thus, facilitating machine learning. Instead of ‘if/then’ rules, we are now showing machines how to learn and implement processes on their own, and they are getting better at it with time. For example, the more a driverless car drives on the road, the better it gets.
Lack of standards and lack of awareness about use of artificial intelligence in agriculture sector in some underdeveloped and developing countries are other factors restraining growth of the target market.
Sam Mowers, Investorideas.com
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About GBT Technologies Inc.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.
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Disclosure: GTCH is a paid featured AI stock.
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