Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NYSE: $IBM)

Tuesday, March 14, 2023

#AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NYSE: $IBM)

#AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NYSE: $IBM)

GBT Files Trademark Application for Avant! AI, and IBM Launches RFP for Water Management Solutions

Global Enterprise AI Market to Reach $64.5B by 2028

Vancouver, Kelowna, Delta, BC – March 14, 2023 – 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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https://www.investorideas.com/Audio/Podcasts/2023/031423-AI-Eye.mp3

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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:IBM)

GBT Technologies Inc. (OTC PINK:GTCH) has filed a federal trademark application – through its partially owned subsidiary, GBT Tokenize Corp. – for its Avant! AI technology. Tokenize, according to the press release, “is currently working to enhance the dialog interface for Avant! AI, targeting more robust Q/A possibilities, combined with easier, and more friendly user interactions.” Danny Rittman, GBT’s CTO, explained:

"Tokenize is trademarking Avant! AI technology as it is gearing up for its new release in the next upcoming months. Since its release, Avant!’s core technology has been used in other derivative applications, the most recent one is Hippocrates (www.hmd.care). Hippocrates is a health information system, released as a POC version, focusing on both preventive and primary care to provide first line of health-related advice and recommendations. Avant! is currently under development to enhance its NLP technology and to provide a robust user's interaction experience. Additionally, Tokenize is equipping it with summarization techniques to provide faster and enhanced informational coverage.”

IBM (NYSE:IBM) has launched an RFP as part of the IBM Sustainability Accelerator, which will focus on water management solutions. This program, according to the press release, “applies IBM technologies, such as hybrid cloud and artificial intelligence, and an ecosystem of experts to enhance and scale projects focused on populations vulnerable to environmental threats.” IBM VP and Chief Impact Officer Justina Nixon-Saintil, said:

"Water management for the world's most vulnerable communities is a tremendous challenge. Following our first two cohorts on sustainable agriculture and clean energy, now we look forward to working with organizations with initiatives that scale technology solutions that will support communities in overcoming water challenges, including shortages, pollution, or conservation."

Global Enterprise AI Market to Reach $64.5B by 2028

A report published by Vantage Market Research finds that the global market for Enterprise AI is projected to grow from $11.1 billion USD in 2021 to $64.5 billion by 2028, registering a compound annual growth rate (CAGR) of 34.1 percent over the forecast period. The following excerpt from the report’s description outlines the factors influencing the market’s growth:

By incorporating AI, companies can save money, boost their efficiency, and will be able to generate insights that help them enter new markets. Enterprise Artificial Intelligence applications enable a change to maximize sales, optimize the supply chain, improve products, enhance customer service, sharpen cybersecurity, and several other tasks. Enterprise AI helps companies to make data-driven decisions. Major factors contributing to the market's growth include a shift in business models from traditional to traditional, which will increase the forecast of the global Enterprise Artificial Intelligence market during the forecast period.

Sam Mowers, Investorideas.com

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