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Tuesday, January 10, 2023

#AIEye #Podcast 749: #Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $NICE)

#AIEye #Podcast 749: #Stocks discussed: (OTCPINK: $GTCH) (NasdaqGS: $NICE)

GBT Receives Facial/Body Recognition Patent, and NICE’s NEVA Discover Employs Advanced AI

Global #AI Market to Reach $1.84T by 2030

Vancouver, Kelowna, Delta, BC – January 10, 2022 – 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/2023/011023-AI-Eye.mp3

read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/01101GTCH-NICE.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) (NasdaqGS:NICE)

GBT Technologies Inc. (OTC PINK:GTCH), along with its joint venture GBT Tokenize Corp., has received its facial and body recognition patent, which “illustrates an innovative technology for learning, identifying, and recognizing an image's features, such as a human face or body.” Danny Rittman, the company’s CTO, explained:

"We believe image recognition has become an increasingly important topic when it comes to security and law enforcement applications. We believe our advanced surveillance technologies can be used to protect the public safety, particularly in crowded places like airports, conventions and shopping centers. Our patent describes a wide range of unique methods and concepts to identify the features of humans and objects including the detection of hidden, harmful objects or persons-of-interest. Another possible useful application is facial identification for locking/unlocking electronic devices. As security systems have been significantly evolving in the past decades, particularly for mobile devices and computers, we believe this type of technology could potentially offer a powerful protection layer against privacy and data theft."

NICE Ltd. (NasdaqGS:NICE) has announced new RPA (Robotic Process Automation) capabilities in its latest release, which leverages AI to identify focused opportunities for automation. Called NEVA Discover, NICE’s new AI-powered discovery tool employs advanced AI “to produce actionable insights to optimize business processes, improve effectiveness and efficiency, and empower employees to meet their key performance indicators.” Barry Cooper, President, CX Division, NICE, said:

"NEVA Discover’s new capabilities demonstrate the power of AI in delivering actionable automation opportunities to empower employees and ultimately help brands master CXi (Customer Experience interactions). Process optimization with NEVA Discover is not a one-time event. It is a cycle of continuous improvement, with ongoing measurement of the impact of each change, to create exponential value."

Global AI Market to Reach $1.84T by 2030

Research published by ReportLinker finds that the global market for Artificial Intelligence is projected to grow from $95.6 billion USD in 2021 to $1.84 trillion by 2030, registering a compound annual growth rate (CAGR) of 32.9 percent in the forecast period 2022-30. The following excerpt from the report’s summary outlines some key factors promoting the market’s growth:

Growing urbanization, the need for efficient management & utilization of resources, demand for fast & efficient transport and commute, public safety concerns, and rising demand for a healthy environment with efficient energy consumption propel the demand for smart cities, driving the growth of the AI market.

In addition, AI has been extensively utilized in smart home infrastructure management for gathering data from home automation devices, predicting user behavior, providing maintenance information, and enhancing data security and privacy.

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 for AI featured stock on our site. 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/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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#GreenMetal #Stock News - Discovery Group's John Robins joins Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) as a Strategic Advisor @defensemetals

#GreenMetal #Stock News - Discovery Group's John Robins joins Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) as a Strategic Advisor @defensemetals

Prospector and entrepreneur with over 35 years of experience in the mining industry

Vancouver, British Columbia – January 10, 2023: Investorideas.com Newswire, Mining/Metals/ Green Energy Stock news- Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that John Robins, P.Geo. of Discovery Group has joined the Company as a strategic advisor.

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/01101DEFN-Strategic-Advisor.asp

“We are very excited to welcome John to our team,” said Craig Taylor, CEO of Defense Metals. “John brings more than 35 years of experience in all facets of exploration and mining development to Defense Metals, most recently with the sale of Great Bear Resources to Kinross for $1.8 Billion. As we continue to advance our Wicheeda Rare Earth Elements project, John will provide a wealth of knowledge, expertise, guidance and industry relationships to our Company. I wish to thank him once again for the financial support and commitment he has made to work with Defense Metals.”

John Robins, P.Geo. commented:

“I am excited to join the team at Defence Metals as both a shareholder and strategic advisor. This Company represents a unique opportunity in the resource space, having one of the best critical metals projects globally with outstanding infrastructure and located here in Canada. For the first time in my career we are witnessing an unprecedented level of support socially and at a regulatory level for critical metals projects. Wicheeda is ideally positioned as it advances through next stages of development, building towards securing a significant link in a critical supply chain for the Western world.”

John Robins is a professional geologist, prospector and entrepreneur with over 35 years of experience in the mining industry. In November he was announced as the recipient of the 2022 Association of Mineral Exploration’s Murray Pezim Award for his significant contribution to the financing of exploration and development projects over the last 20 years. He was previously awarded the AME’s Spud Huestis Award in 2008 for having made significant contributions to mineral exploration in British Columbia and the Yukon Territory.

Mr. Robins has been involved in several notable discoveries, including the 5-million-ounce Coffee Gold deposit in Yukon, the Three Bluffs gold deposit in the Committee Bay greenstone belt, the Aviat / Churchill diamond districts of Nunavut, and the Great Bear project in northwestern Ontario. Through his entrepreneurship, John has been instrumental in over CDN$3 Billion in Mergers and Acquisitions activity and has generated over $1B in direct and indirect mineral exploration expenditures throughout Canada, Latin America, and Australia. Notable recent successes include the sales of Great Bear Resources Ltd. to Kinross Gold Corp. for $1.8B, Great Bear Royalties Corp. to Royal Gold Inc. for $200 Million, and Kaminak Gold Corp. to Goldcorp Inc. (now Newmont Corporation) for $510 Million. John’s outstanding strategic guidance, technical expertise, strong industry relationships, and steadfast adherence to ethical practices, underpin his status as a leading steward of the junior mining industry. He currently acts as Chairman of Fireweed Metals Corp. and K2 Gold Corp. Mr. Robins is also a Director of Elemental Altus Royalties and a Strategic Advisor to Kodiak Copper Corp., ValOre Metals Corp., and Prospector Metals Corp.

Mr. Robins will be a valuable addition to the Defense Metals team as it continues to advance development of its wholly owned Wicheeda REE Project.

About the Wicheeda REE Project

The 100% owned 4,244-hectare Wicheeda REE Project, 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 preliminary economic assessment technical report (PEA) that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[1]. 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.

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 markets, 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 Deposit 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 “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the expected outcomes and benefits of the appointment of Mr. Robins as a strategic advisor, the advancement of the Wicheeda project, 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.com. While 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 personnel, 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 forward‐looking statements or forward‐looking information, except as required by law.

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 this DEFN news is a paid news release on investorideas.com – learn more about costs and services https://www.investorideas.com/News-Upload/ More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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[1] 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).

How #Fintech Companies (NASDAQ: $APCX) (NASDAQ: $INTU) (NYSE: $SQ) (NASDAQ: $SOFI) Can Provide Better #Business and #PaymentSolutions for the Future @AppTechCorp @Intuit @Square @SoFi

How #Fintech Companies (NASDAQ: $APCX) (NASDAQ: $INTU) (NYSE: $SQ) (NASDAQ: $SOFI) Can Provide Better #Business and #PaymentSolutions for the Future @AppTechCorp @Intuit @Square @SoFi

Vancouver, Kelowna, Delta, BC -January 10, 2023 - Investorideas.com, a leading investor news resource covering fintech stocks releases a special report on the growth of the fintech industry. As new problems affect small and large businesses and traditional banking methods simply aren’t effective, new companies like AppTech Payments Corp. (NASDAQ: APCX) are aiming to be the leading solution platforms of the future.

Read this article. Featuring APCX in full at https://www.investorideas.com/news/2023/technology/01101Fintech-Companies-Payment-Solutions.asp

A recent Forbes article titled, “How Should The Fintech Industry React To A Global Recession?” discussed how “as technology continues to quickly advance, I believe the innovative solutions provided by fintech companies are becoming even more essential to the financial services industry. A growing tech-savvy audience looks to be served by technological advancements that offer data-driven solutions based on market trends and their behavior. Additionally, this revolution is advancing financial inclusion and broadening services across all industries, helping drive the development of the sector.”

The article continued, saying, “Leaders in the fintech industry can promote economic growth by expanding financial opportunities for a variety of industries and by satisfying the needs of a younger demographic. Fintech can also benefit other companies by enhancing payment methods and customer relationship management.”

AppTech Payments Corp. (NASDAQ: APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences.

“The AppTech platform represents the type of financial technology required to rapidly launch innovative and scalable solutions. From traditional businesses to Fintech startups dialed into web3, AppTech is a must have,” commented Amiya Diwan, SaaS Entrepreneur.

The company also recently held a Fireside Chat between AppTech CEO, Luke D’Angelo, and CNBC and Fox Business Network Market Analyst Kenny Polcari. Polcari sat down with D’Angelo to discuss future growth and outline the most recent Company events. Viewers can watch the interview here: https://www.youtube.com/watch?v=7wtwhYGv4Bs

AppTech was also recently viewed on Fox business as one of the best long-term companies to have in your five-year stock plan, seen here: http://video.foxbusiness.com/v/6317511890112/.

TurboTax from Intuit Inc. (NASDAQ: INTU), the global technology platform that makesTurboTax, QuickBooks, Credit Karma, and Mailchimp, recently announced its new 2023 brand campaign, "Come to TurboTax." The integrated campaign reminds people that they can come to TurboTax and not do their taxes. Instead they can meet with a dedicated TurboTax Expert while they do their taxes for them, so they can get back to: Not Taxes.

"After decades of leadership in the online tax preparation category, TurboTax has become synonymous with DIY. With this year’s campaign, we’re changing that narrative by letting customers know they can come to TurboTax and NOT do their taxes," said Cathleen Ryan, SVP of Marketing for Intuit TurboTax. "We believe that TurboTax has the best assisted tax experience in the market. People can sit down from the comfort and privacy of home and in one meeting, have their taxes prepared, signed, filed and then get back to doing what they love: Not Taxes."

This is the third year the brand campaign is focused on the company's TurboTax Live offerings. Leveraging Intuit’s AI-driven expert platform, TurboTax Live matches filers with a tax expert with the experience to handle their unique tax situation, who, in just one meeting, will prepare, sign and file their taxes for them. No more waiting or wondering, just taxes done right and off the mind.

The Come to TurboTax" campaign has a total of seven films and will culminate with a spot in the NFL Super Bowl LVII, the brand’s tenth year in The Big Game. In addition, TurboTax will once again be the presenting sponsor of both the AFC and NFC Divisional and Championship Games. The integrated campaign will span broadcast, digital, audio and social with digital partnerships with Roku, Twitch, Spotify, and BuzzFeed. TurboTax will also be one of the brands to run media on the recently launched Netflix ad supported plan, giving the brand the opportunity to reach the highly engaged Netflix audience throughout the tax season.

This year, over the Black Friday and Cyber Monday weekend, two subsidiaries of Block, Inc. (NYSE: SQ) Square and Afterpay, reported that their sellers saw more than 61M transactions as consumers globally kicked off the holiday shopping season. Square and Afterpay’s Festive Forecast report indicated that nearly 80% of consumers intend to spend the same if not more compared to last year, signaling that sellers should continue to prepare for buyer demand during the holidays.

The peak minute for shopping occurred on Monday, November 28 at 11:15 am ET. Cities with the largest volume of sales were New York & Brooklyn, London, Los Angeles, San Francisco, Chicago, and Toronto. As for staffing over the busy shopping weekend, Square found a 19% increase in the number of employees who worked, with more than 260,000 employees working a total of 3.8M hours; the average employee clocked around 14 hours.

"The Black Friday and Cyber Monday weekend kicks off the biggest shopping season for businesses – but it’s only the beginning," said Alyssa Henry, Head of Square. "We’re entering a pivotal month for businesses to end the year with strong momentum, especially given recent headwinds. Sellers should leverage multiple revenue streams across online and in-person to ensure a successful holiday season, using software like marketing and loyalty programs to keep their business top of mind and to attract customers."

Transactions of Buy Now, Pay Later (BNPL) methods through Afterpay grew 120% compared to pre-holiday across online and in-person. This is in line with findings from Square and Afterpay’s Festive Forecast report where one in six Americans reported that they planned to use BNPL during the gift-giving period.

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), last month announced the launch of Galileo Direct Deposit Switch. Powered by Atomic, the infrastructure provider for connecting with payroll accounts, Galileo’s Direct Deposit Switch functionality gives the company’s fintech clients an opportunity to better serve consumers by offering faster access to their wages and a more streamlined approach to redirecting part or all of their paychecks into a financial services accounts of their choice.

With Galileo Direct Deposit Switch, customers can quickly and easily set-up and update their payroll direct deposit information, specify how much of their wages to deposit in their accounts, create accounts for specific purposes, including a vacation or education fund, and make recurring deposits to multiple accounts. The new financial feature also eliminates processing delays, gives users peace of mind by instantly verifying requests, and empowers workers with greater control over where they route their funds.

Approximately 93% of U.S. consumers receive their paycheck by direct deposit. However, the direct deposit experience is laden with manual friction that commonly occurs during onboarding when workers join a new employer or request to update their disbursements, such as changing their primary account on file or splitting their paycheck routing across two or more accounts.

"Recent Galileo research shows people are keeping money in more accounts, and they want fast, flexible ways to move and manage their money," said David Feuer, Chief Product Officer at Galileo. "We are proud to partner with Atomic to help our bank and fintech clients simplify direct deposit onboarding, drive higher customer lifetime value and boost access to financial services that will enhance everyone’s financial future. As we continue to accelerate digital banking, Galileo Direct Deposit Switch will be the best way to drive value for our clients’ ledgers."

"For financial institutions and fintech firms, a steady deposit stream is key to account profitability. These benefits extend to businesses as they look to leverage digitized and automated direct deposit payroll processes that present enormous financial opportunities," said Lindsay Davis, Head of Markets for Atomic. "Clients leveraging payroll connectivity solutions, such as direct deposit switching, have seen as high as a 3-4X lift on direct deposit acquisition when benchmarked to other solutions."

Galileo Direct Deposit Switch is available for most top employers and incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems via Atomic’s network of payroll coverage. To learn more about embedding this financial feature as part of a broader approach to eliminating friction, activating newly onboarded clients and giving existing customers simpler options for directing their payroll funds, download Galileo's new resource, The Payments Growth and Activation Playbook.

From a recent BloombergLaw article: “A 2021 study shows that more than 50% of loans to Black-owned businesses under the pandemic’s Paycheck Protection Program came from fintech lenders—doubling such lending executed from manual-process small banks. The improvement is easy to understand. Automation can empower smaller lenders, increase financial inclusion, and reduce reliance on payday lenders.”

AI tools can tap into a cache of data not used in traditional credit reports to create more accurate risk assessments essential to obtaining credit and other financial services.

As many indicators point to a possible recession ahead, Fintech companies may provide some much needed lending and support solutions for both small businesses as well as their consumers which could be a great thing for this market segment as well as individual financial freedom.

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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.. Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring APCX is a paid for news release on Investorideas.com - 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/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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#MachineLearning #Stock News: GBT's (OTCPK:GTCH) #FacialRecognition and #BodyRecognition Patent Application is Granted; #artificialintelligence

#MachineLearning #Stock News: GBT's (OTCPK:GTCH) #FacialRecognition and #BodyRecognition Patent Application is Granted; #artificialintelligence

The patent describes an advanced, machine learning driven, image identification and recognition technology

San Diego, CA, January 10, 2022 - (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT" or the "Company") together with GBT Tokenize Corp. ("GBT/Tokenize") received their facial and body recognition patent, which was granted as of December 13, 2022 (Patent No. 11,527,104) issued by the U.S. Patent and Trademark Office (“USPTO”). The patent illustrates an innovative technology for learning, identifying, and recognizing an image’s features, such as a human face or body.

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2023/01101Facial-Body-Recognition-Patent.asp

The patent describes systems and methods that learn and classify human facial and bodily features, based on machine learning algorithms. The technology is capable of studying and identifying humans with/without facial or body coverage and includes advanced geometrical analysis techniques to vectorize an image’s data, creating virtual, three-dimensional figures. The patent covers machine learning algorithms to model the image’s data, detecting features and mapping them into a database. A three-dimensional object is then created via an expert system and could be further processed for desired analytics. The IP can identify person/object-of-interest live or within stationary videos and image. The system also can be used as an intelligent censure within live or stationary videos and images. The described algorithms can learn features of a human face and body based on a complete or partial view where parts of the face or body are covered. The system can identify an object’s variations and identify bodily changes like weight gain and other health related concerns. GBT filed a continuation application on December 5, 2022 for this technology and plans to invest further R&D efforts in this domain, evaluating innovative applications for various areas among them are imaging and video analysis, health and security.

"We believe image recognition has become an increasingly important topics when it comes to security and law enforcement applications. We believe our advanced surveillance technologies, can be used to protect the public safety, particularly in crowded places like airports, conventions and shopping centers. Our patent describes a wide range of unique methods and concepts to identify the features of humans and objects including the detection of hidden, harmful objects or persons-of-interest. Another possible useful application is facial identification for locking/unlocking electronic devices. As security systems have been significantly evolving in the past decades, particularly for mobile devices and computers, we believe this type of technology could potentially offer a powerful protection layer against privacy and data theft. We are pleased to have this patent granted as of December 13, 2022, and plan to continue our R&D efforts in this domain as we strongly believe that such technology can be a major contributor to our world in life changing fields, among them are security, health and safety” stated Danny Rittman, GBT's CTO.

There is no guarantee that the Company will be successful in researching, developing or implementing this system or that it will be granted the patent (or prior provisional patent). In order to successfully implement this system, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

About Us

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on Investorideas.com

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