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

Tuesday, March 21, 2023

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

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

GBT Files Continuation Patent Application for IC Auto Correction Technology, and CS Disco Announces Forthcoming AI Chatbot

Global #ConversationalAI Market to Reach $32.5B by 2030

Vancouver, Kelowna, Delta, BC – March 21, 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).

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/032123-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/03211GTCH-LAW.asp

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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:LAW)

GBT Technologies Inc. (OTC PINK:GTCH) has filed a continuation patent application seeking to protect the automatic correction of Integrated Circuits (ICs) electrical connectivity mismatches, codenamed Sigma. An excerpt from the press release reads:

The continuation application is particularly focused on the Artificial Intelligence methods to enable high accuracy, optimization, and utilization of silicon area utilization, and handling complex calculations in a reasonable time. As modern chips consist of huge data, analyzing and processing tasks become a significant challenge. GBT is seeking to address these topics efficiently and rapidly. Upon implementation of this technology, we believe IC design companies will be able to design microchips faster and bring them to market faster, which will create new opportunities and horizons in this domain. GBT intends to file a series of patent applications in this field to further enhance the next era of integrated circuit design and manufacturing methods.

CS Disco, Inc. (NYSE:LAW) has announced the upcoming release of DISCO Cecilia – expected to be commercially available in 2023 – “an AI chatbot that is designed to allow lawyers to find their evidence faster and more easily.” Kiwi Camara, DISCO’s CEO, explained:

"With DISCO Cecilia, we believe that lawyers will be able to treat a DISCO Ediscovery database like a witness who has read every document and always tries to tell the truth by citing documents for every answer. We expect that question-and-answer workflows, like those enabled by DISCO Cecilia, will be a powerful addition to the traditional search-and-review workflows enabled by existing DISCO products. DISCO’s mission is to combine world-class engineering with a deep love and respect for the law to build products that make the law better. We are delighted to do this again in the space of natural language processing, generative AI, and advanced search technologies resulting in an amazing DISCO chatbot for legal."

Global Conversational AI Market to Reach $32.5B by 2030

A report published by Market Research Future finds that the global market for Conversational AI is projected to reach $32.5 billion USD by 2030, registering a compound annual growth rate (CAGR) of 22.6 percent in the forecast period 2022-30.

The growing use of conversational intelligence in user-based services is the crucial driver of the … market. Social media platforms have [a high] adoption of AI – and companies like Facebook, Instagram, Twitter and telegram have a higher utilization of conversational artificial intelligence. The collaborations in these sites lead to more interaction with customers.

The demand from this user end is advantageous for the overall growth. The branding and businesses in these social platforms are leading to higher demand. Many businesses in these platforms adopt AI for better interaction with customers.

Sam Mowers, Investorideas.com

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