#AIEye #Podcast 658: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $CCCS) #artificialintelligence
GBT Shares Update on Software Defined Radio Tech, and CCC Intelligent Solutions Holdings Acquires AI-Powered Insurtech Firm Safekeep
Global #AI in #Telecom Market to Grow by $8.63B from 2022-26
Vancouver, Kelowna, Delta, BC – February 9, 2022 – 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:CCCS)
GBT Technologies Inc. (OTC PINK:GTCH) has shared an update regarding the continuation of its efforts to evaluate Software Defined Radio (SDR) technology for its GEN II long-range radio system. According to the press release, the company aims “to use its AI technology to overcome long range radio systems challenges.” Danny Rittman, GBT's CTO, explained:
"Our ultimate goal is to achieve an intelligent, long range radio system to facilitate global communication around the globe. The Infinia system is a long range, HF based, radio system that we believe will sustain in harsh weather, rough terrain, and can be a great asset for civil and military organizations. For example, remote locations rescue radio or worldwide telemedicine services. We are continuing to further our GEN II development to achieve an intelligent, skip zone free, global wireless solution. SDR technology is a programmatically controlled RF technology and we believe it captures a whole world of possibilities when it comes to AI controlled radio. The Infinia is targeted to be a cognitive radio system with the goal of learning from its experience utilizing the system's RF signals patterns/behavior, ionospheric conditions, locations, weather/terrain and provide an on-the-fly control to maintain viable reception at all times. A reliable, global communication is a crucial feature for emergency and rescue radio systems. We believe SDR technology evaluation is a key phase in the goal of creating a smart, reliable and efficient radio system to reach anywhere around the world. We consider the Infinia project one of our major IPs and we are now working to file for a comprehensive, non-provisional patent application to protect its approach, techniques and methodologies."
SaaS platform for the P&C insurance economy CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has acquired Safekeep, described in the press release as “an enterprise platform that leverages AI to speed and improve subrogation management across auto, property, workers' comp, and other insurance lines of business.” CCC’s Chief Strategy Officer, Marc Fredman, said:
"Subrogation is a largely manual, time-intensive process impacting every insurer across every line of business. Our insurance customers have been asking for an intelligent way to automate the subrogation process, which accounts for billions of dollars in administrative costs annually. Jeff and the Safekeep team have built a comprehensive platform, making it a highly celebrated insurtech. The team and technology are a wonderful complement to the work we’re doing at CCC to bring straight-through processing across every facet of the claims experience."
Global AI in Telecom Market to Grow by $8.63B from 2022-26
Research published by ReportLinker finds that the global AI in Telecommunications market will grow by $8.63 billion from 2022-2026, registering a compound annual growth rate (CAGR) of 47.33 percent in the forecast period. The following excerpt from the report’s summary outlines some key factors influencing the growth of the market:
The market is driven by the growing use of AI for efficient predictive maintenance and the rising use of AI for enhancing customer experience. In addition, the growing use of AI for efficient predictive maintenance is anticipated to boost the growth of the 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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