Wednesday, March 09, 2022

The #AIEye #Podcast: GBT’s (OTCPINK: $GTCH) CTO Discusses #AI in #Fintech Space and Company’s New Patent Application for “Financial Manager” #artificialintelligence




 

 

The #AIEye #Podcast: GBT’s (OTCPINK: $GTCH) CTO Discusses #AI in #Fintech Space and Company’s New Patent Application for “Financial Manager” #artificialintelligence

 

#Stocks discussed: (NYSE: $V) (NYSE: $BAC)

 

Vancouver, Kelowna, Delta, BC – March 9, 2022  – Investorideas.com (https://www.investorideas.com/), a global investor news source covering Artificial Intelligence (AI) brings you today’s  special edition of  The AI Eye- podcast featuring an exclusive interview and insight from emerging technology company, GBT Technologies Inc. (OTCPINK:GTCH).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/030722-AI-Eye-GTCH.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/03091GTCH-Financial-Manager.asp

 

Hear the Ai Eye on Spotify  

 

The Financial Technology (Fintech) space is seeing increasingly more adoption of and integration with Artificial Intelligence (AI) applications. Research from Reports and Data finds that globally, the AI in Fintech market is projected to reach $49.33 billion USD by 2028. This is used for fraud detection, transaction risk investigation, consumer analysis and the employment of virtual assistance for customer support. In a recent interview with Investorideas.com, Danny Rittman, the CTO of GBT Technologies Inc. (OTC PINK:GTCH), commented on the inevitability of this.

 

“In any type of Integrated Circuit (IC) and its derivatives, AI will follow it,” Rittman said.

 

GBT recently announced the filing of a non-provisional patent application with the US Patent and Trademark Office for systems and methods of a financial software application for a secured, AI-controlled credit card management system. According to the press release, this is for the creation of “a smart "Financial Manager" that helps users with credit line monetary decisions, always ensuring their best interest.”

 

Rittman explained how and why such a service would be useful for credit card users and how the AI works.

 

“It’s hard to track which card is the best to use sometimes, in terms of interest rate which one gives you the best frequent flier mileage and which one earns you the best gifts and benefits overall,” he said. “Having an AI system as a financial advisor that is connected to consolidate all credit cards into one account and do this selection for you, can make a whole world of financial difference. It’s going to automatically create on the fly, the best financial advisor, telling you which card to use in which time and occasion in order to reach the best result for the user.”

 

“The AI constantly monitors and supervises. So for every transaction it’s connected to the credit card system and the AI is informed about every charge, and does the analytics per card.”

 

“It will choose which account and credit card to be used based on intelligent analytics that will be done at the time. So once the AI starts studying and learning about the user’s credit accounts, it will know more and more with time which card to use when and how for the best interest of the user.”

 

Credit card, fintech, and digital payments giant Visa (NYSE:V), as early as 2019, employed AI in its Visa Advanced Authorization, which uses predictive analytics to identify real-time fraudulent transactions. The company announced that in 2021 it had helped financial institutions prevent more than $354 million AUD in fraud from impacting Australian businesses by leveraging its AI technology.

 

Visa's Head of Risk for Australia, New Zealand and South Pacific, Carolina Gallegos, said:

 

"Trust underpins everything we do at Visa, including our approach to innovation. We are investing more heavily than ever in systems resilience, fraud management and cybersecurity, including tokenisation, AI and blockchain-based solutions to bring even more security to ecommerce and Australian businesses."

 

Gallegos went on to say:

 

"Put simply, commerce is moving online, so fraudsters are focusing their efforts online and Visa's AI security helps make every single split-second assessment more sophisticated. A lot of the time, breaches can happen months before actual fraud takes place, so we help businesses identify if they have been a victim early on and take action before it occurs,"

 

Bank of America’s (NYSE:BACErica is a virtual assistant that leverages advanced analytics and cognitive messaging. According to a recent press release, 24.6 million Bank of America clients had interacted with Erica a total of 659 million times since 2018. David Tyrie, Chief Digital Officer and Head of Global Marketing at Bank of America, said:

 

"Now more than ever, consumers and businesses depend on digital, and Bank of America continues to deliver efficient, safe and reliable digital financial solutions. Our digital capabilities allow our clients to easily manage every aspect of their financial lives across banking, investing, lending and retirement, with access to advice and guidance from our financial professionals and through our financial centers when they need it."

 

Another technology growing alongside AI in the Fintech space is Blockchain, which overlaps with the former increasingly often in general, and according to Rittman, in GBT’s aforementioned patent application.

 

“The blockchain is actually already covered in this patent as well,” he said. “We use it to secure data, to manage data, and to make sure that privacy and security is assured especially with today’s cybersecurity issues that are evolving as we speak. It is imperative to use blockchain, there is no question about it.”

 

“We actually have our AI integrated with and managing the blockchain activities and algorithms, and it’s going to be part of the overall technology that we develop in the future.”

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

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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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#RareEarth #Metals #Stock news -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Continues Drilling High Grade at Wicheeda and Confirms Significant Mineralization At Depth; @defenseMetals

#RareEarth #Metals #Stock news -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Continues Drilling High Grade at Wicheeda and Confirms Significant Mineralization At Depth; @defenseMetals

 

Vancouver, British Columbia –March 9, 2022: Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce results for an additional six diamond drill holes totalling 845 metres from the Company’s 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-39 and WI21-40 collared from the same pad, and holes WI21-41 through WI21-44 sited 100 metres north were designed to further delineate the Wicheeda Rare Earth Element (REE) deposit.

 

Read this news and see tables and images at https://www.investorideas.com/news/2022/mining/03091Defense-Metals-Wicheeda.asp

 

Drill hole WI21-40 returned 3.23% TREO (total rare earth oxide) over 162 metres[1] Along with previously reported drill hole WI21-33 on section grading 3.17% TREO over 196 metres, these two holes yielded the highest-grade x width of the 2021 drill program to date. In addition to significant composite mineralized widths, these holes continue to demonstrate the presence of higher-grade zones of carbonatite at surface and at depth extending below the current resource pit shell.

 

The Company continues to receive additional assay results from the 2021 Wicheeda REE Deposit resource expansion and delineation campaign that will be released in the coming days and weeks.

 

Luisa Moreno, President, and Director of Defense Metals commented: “Drilling at depth within the northern Wicheeda Deposit has intersected significant new zones of high-grade REE mineralization with the potential to expand the mineral resource, and importantly may also contribute to supporting higher grades across the range of potential mine life.”

Resource infill drill hole WI21-39 (-60o dip / 285o azimuth) returned assays of 2.62% TREO over 110 metres1 and in conjunction with WI21-36 and WI21-37 completes sectional drilling within the northern quarter of the Wicheeda Deposit confirming the presence of high-grade dolomite carbonatite within 2019 near surface drill holes to a vertical depth of 175 metres and horizontal width of 160 metres (Table 1 and Figure 1).

 

Delineation drill hole WI21-40 (-60o dip / 285o azimuth) intersected mineralized dolomite carbonate from surface grading 3.23% TREO over 162 metres1; including higher grade intervals from surface of 4.21% TREO over 44.75 metres1, and at depth of 3.67% TREO over 71 metres1 extending 15 metres below the current resource pit shell (Figure 2). Importantly drill holes WI21-33, WI21-36, and WI21-40 establish the presence of a previously unrecognized zone of high-grade dolomite carbonate at depth within the northeast quadrant of the Wicheeda Deposit. Mineralized zones within WI21-40W and WI21-33 extend downhole 60 and 80 metres respectively below the current resource, and 15 and 32 metres below the resource pit shell providing the potential to expand mineral resources.

 

Drill hole WI21-44 (-60o dip / 240o azimuth) collared 100 metres to the north intersected a mixed interval of dolomite carbonatite near surface and REE mineralized syenite at depth high averaging 1.72% TREO over 108 metres; including 2.59% TREO over 54 metres near surface (Figure 3).

 

Table 1. Wicheeda REE Deposit 2021 Diamond Drill Intercepts

 

 

[2]TREO % sum of CeO2, La2O3, Nd2O3, Pr6O11, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3 and Ho2O3.

 

 

A series of short drill holes WI21-41 (-55o dip / 025o azimuth), WI21-42 (-70o dip / 025o azimuth), and WI21-43 (-85o dip / 045o azimuth) totalling 285 metres successfully delineated the northeast margin of the deposit. Drill hole WI21-43 intersected several carbonate dykes, syenite and limestone host rocks above resource cut-off averaging 0.55% TREO over 113 metres (Figure 3).      

 

Figure 1. Drill Section Holes WI21-36, WI21-37, and WI21-39

 

Figure 2. Drill Section Holes WI21-33, WI21-36, and WI21-40

 

Figure 3. Drill Section Holes WI21-43 and WI21-44

 

 

About the Wicheeda REE Property

The 100% owned 2,008-hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[2]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Canada Ltd. (ALS) at Langley (sample preparation) and Vancouver (ICP-MS fusion), B.C. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. A 0.1-gram sample pulp was then subject to multi-element ICP-MS analysis via lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry standard procedures for the work carried out on the Wicheeda Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate, and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. 

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.comWhile such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring Defense Metals Corp. is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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[1] The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

[2] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Tuesday, March 08, 2022

#CryptoCorner #Podcast 789: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $ARBK) (TSXV: $DMGI.V)

 



 

 

#CryptoCorner #Podcast 789: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $ARBK) (TSXV: $DMGI.V)

 

HIVE Shares February Production Figures, Argo Provides Operational Update, and DMG Blockchain Releases Preliminary Q1 Revenue Guidance

 

Vancouver, Kelowna, Delta, BC March 8, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/030822-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/03081HIVE-ARBK-DMGI.asp

 

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqGS:ARBK) (TSXV:DMGI)

 

HIVE Blockchain Technologies Inc. (NasdaqCM:HIVE) has reported the production figures from its global Bitcoin (BTC) and Ethereum (ETH) mining operations for the month of February 2022. Highlights include the production of 244.4 BTC, 1,814 ETH, and a Bitcoin HODL balance of 2,374. The company’s President and COO, Aydin Kilic, said:

 

"We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures. Mr. Kilic continued, "We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of February, equated on a daily basis, is approximately equal to a monthly total of 132.6 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 244.4 BTC produced from our Bitcoin mining operations during February, for a total of 377.1 Bitcoin equivalent."

 

Argo Blockchain (NasdaqGS:ARBK) has provided an operational update for the month of February 2022. In the month, the company mined 135 Bitcoin or Bitcoin Equivalent, and increase from the 172 BTC mined in the previous month, and reported a monthly revenue of $5.58 million, down from $7.10 million in January. Argo’s CEO and Interim Chairman, Peter Wall, said:

 

"During February, we have experienced exceptional weather conditions and are hopeful that these are behind us. Regardless of this, we have continued to ensure that Argo is set to grow and deliver on its intended objectives for the forthcoming year. The Company's recent appointment of Raghav Chopra as an independent non-executive director, continued progress with construction of the Helios facility, and the supply agreement we have signed with Intel are testaments to the fact that we are on the right track to achieving our goals for the year."

 

DMG Blockchain Solutions Inc. (TSXV:DMGI) has released select preliminary revenue guidance for its first fiscal quarter, the three-month period ending Dec. 31, 2021. The company is estimated to have produced 175-180 BTC in the quarter, representing a 260 percent gain over the previous quarter’s production of 47-50 BTC. DMG’s CEO Sheldon Bennett explained:

 

"This is an important quarter for DMG as it marks the first where the company is deriving significant revenue from its investment in self mining and a new fleet of crypto mining equipment. Our strategy to move from a primarily hosting focused company to greater focus on self-crypto mining is progressing well with approximately 50% of our purchased exahash in place and running now. Along with our Core strategy gains, our Core+ team has made significant progress in software platforms over Q1. Our pooling software is continuing to find blocks in line with expected luck and we are continuing to work on other platforms to help diversify DMG’s revenue.”

 

Sam Mowers, Investorideas

 

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