#AIEye #Podcast 717: #Stocks discussed: (OTCPINK: $GTCH) (CSE: $DSAI.C) #artificialintelligence

 

 

#AIEye #Podcast 717: #Stocks discussed: (OTCPINK: $GTCH) (CSE: $DSAI.C) #artificialintelligence

 

GBT Files Patent Application of Auto-Correction of IC Electrical Connectivity, and DeepSpatial Announces New Contract with South Asian Firm

 

Global #AI in #Insurance Market to Reach $45.74B by 2031

 

Vancouver, Kelowna, Delta, BC – August 16, 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).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/081622-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/08161GTCH-DSAI.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (OTCPINK:GTCH) (CSE:DSAI)

 

GBT Technologies Inc. (OTC PINK:GTCH) has filed a nonprovisional patent application for the automatic correction of Integrated Circuits (IC) electrical connectivity mismatches. This, according to the press release, aims “to Auto-Correct the layout, without causing any LVS (Layout-Vs-Schematics), geometrical (DRC), Reliability Verification (RV), and Design for Manufacturing (DFM) violation. Danny Rittman, the company’s CTO, explained:

 

“This technology includes hierarchical auto-correction and other advanced node features. It's a huge challenge to perform such an operation programmatically and we are using our AI technology to manage the vast amount of data processing, performing the challenging mathematical analysis, concluding possible solutions and executing the auto-correction. The IP includes neural networks and advanced algorithms to achieve these functionalities in a very short time, which may take days or weeks to fix manually. The goal of this technology is to introduce another GBT innovative design productivity enhancement tool, enabling IC design firms' significant reduction of their overall projects design time and bring their microchips faster to market.”

 

DeepSpatial Inc. (CSE:DSAI) has received a revenue-generating contract from a leading FMCG (fast-moving consumer goods) company in South Asia. According to the press release, DeepSpatial’s AI-driven platform “empowers its clients to analyze and optimize distribution networks using multivariate geospatial data analysis and outcome modelling tools, in return, helping companies make smarter decisions that make a difference.” DeepSpatial’s CEO, Rahul Kushwah, said:

 

"With the success of our solutions with DFM Foods, we've been focusing more on working with enterprises at a larger scale. Deepspatial is continuously expanding its offerings to enterprises and Government, and we are progressing significantly with the technological development of our platforms across several industries. Growing our technology IP and continuing to execute enterprise and government contracts remains our priority as we strive to build shareholder value for the long term.”

 

Global AI in Insurance Market to Reach $45.74B by 2031

 

A report published by Allied Market Research finds that the global AI in Insurance market is projected to grow from $2.74 billion in 2021 to $45.74 billion by 2031, registering a compound annual growth rate (CAGR) of 32.56 percent in the forecast period 2022-31. AI technology, according to the report’s overview, “helps insurance companies by reducing repeatable tasks from operational teams and in performing more complex actions.” The market is being driven by an “increase in investment by insurance companies in AI & machine learning,” and an “increase in collaboration between insurance companies and AI & machine learning solution companies.”

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - News that Inspires Big Investing Ideas

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Breaking #Tech #Stock News: GBT (OTCPK: $GTCH) Filed a Non-Provisional Patent Application Seeking to Protect the Automatic Correction of #IntegratedCircuits ( #IC) Connectivity Mismatches

Breaking #Tech #Stock News: GBT (OTCPK: $GTCH) Filed a Non-Provisional Patent Application Seeking to Protect the Automatic Correction of #IntegratedCircuits ( #IC) Connectivity Mismatches

 

SAN DIEGO, CA, August 16, 2022 -- (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”) filed a nonprovisional patent application for automatic correction of Integrated Circuits (IC) electrical connectivity mismatches system and method. The application was filed on August 3, 2022, with an application #17880055. The nonprovisional patent application seeks to protect programmatic methodologies and algorithms to automate ICs electrical connectivity mismatches correction to achieve faster and more efficient designs, particularly for advanced nanometer range of 5nm and below. An IC design flow consists of a few stages which involve software tools to architect, capture, simulate and verify the IC’s correctness within a few fields. These computer-aided-design (CAD) programs, also called Electronic Design Automation (EDA) tools are key components in transforming a product’s definition and circuit concept into production-ready IC design.  A Layout-Vs-Schematics (LVS) Verification program) is an integral part of the IC’s signoff process to compare the electrical connectivity (wiring) of an IC layout against its schematic diagram.  A connectivity mismatch would mean there is a mistaken wiring connection between the electronic components and may lead to a non-functional chip’s circuit or wrong electrical outcome.  Typically, in custom and semi-custom analog, mixed and RF layout styles, these corrections must be done manually which takes a significant amount of time.  

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/08161Integrated-Circuits-Connectivity-Mismatches.asp

 

GBT’s nonprovisional patent application seeks to protect an algorithmic systems and method to perform an automatic LVS correction with a click of a button. The system will read the IC’s schematic and layout data, compare their electrical connections (wiring) and in case of mismatches detection, disconnect the faulty wires and re-route them in the layout to create a correct electrical conductivity. The goal of the system is to Auto-Correct the layout, without causing any LVS, geometrical (DRC), Reliability Verification (RV), and Design for Manufacturing (DFM) violation. GBT already started research in this domain and plans to expand it during 2022.

 

“We predict there will be global growth in the semiconductor arena in the next decade. A $52 billion bill is waiting for President Biden to sign, major IC fabrication corporations have started to build IC manufacturing plants in the US, and major R&D efforts are constantly on the rise by IC design firms.  GBT is investing in microchip’s productivity tools especially for advanced nodes. As major physics obstacles are approaching with small nodes, like 5nm and 3nm, there is a major demand for programmatic solutions to assist with the design and manufacturing these advanced ICs. Advanced design automation solutions will be the key to produce advanced nodes chips in reasonable amount of time. GBT has identified weak spots and bottlenecks within IC layout and backend design arena and investing vast efforts to provide algorithmic solutions to address these challenges. One of the major ones is the LVS domain. Our nonprovisional patent application seeks to protect an automated LVS correction system to analyze an entire chip data, checks for electrical connectivity mismatches and Auto-Corrects them with a click of a button. The correction process will be involved with identifying existing mismatches connections, disconnect them, and re-route correctly. This technology includes hierarchical auto-correction and other advanced nodes features. Its a huge challenge to perform such an operation programmatically and we are using our AI technology to manage the vast amount of data processing, performing the challenging mathematical analysis, concluding possible solutions and execute the auto-correction. The IP includes a neural networks and advanced algorithms to achieve these functionalities in a very short time, which may take days or weeks to fix manually. This goal of this technology is to introduce another GBT innovative design productivity enhancement tool, enabling IC design firms’ significant reduction of their overall projects design time and bring their microchips faster to market,” stated Danny Rittman, the Company’s CTO.

 

There is no guarantee that the Company will be successful in researching, developing or implementing this system.  In order to successfully implement this concept, 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

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 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.

 

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 because 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

 

More info on GTCH at Investorideas.com Visit: https://www.investorideas.com/CO/GOPH/

 

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#CryptoCorner #Podcast 874: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGM: $BITF) (NasdaqCM: $EQOS)

 

 

 

#CryptoCorner #Podcast 874: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGM: $BITF) (NasdaqCM: $EQOS)

 

Galaxy Digital Terminates BitGo Acquisition, Bitfarms Posts Q2 Results, and Eqonex to Streamline Operations

 

Vancouver, Kelowna, Delta, BC August 15, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/081522-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08151GLXY-BITF-EQOS.asp

 

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Stocks discussed: (TSX:GLXY) (NasdaqGM:BITF) (NasdaqCM:EQOS)

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced the termination of its previously announced acquisition agreement with digital asset firm BitGo following the latter's “failure to deliver, by July 31, 2022, audited financial statements for 2021.” Mike Novogratz, CEO and Founder of Galaxy, commented:

 

“Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner. We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions.”

 

Bitfarms Ltd. (NasdaqGM:BITF) has reported its financial results for the second quarter ended June 30, 2022. Highlights include the mining of 1,257 Bitcoin (BTC), an increase in revenue to $42 million, and a gross mining profit of $27 million. Jeff Lucas, the company’s CFO, explained:

 

“By deleveraging our balance sheet and increasing financial flexibility, we are better positioned to execute our growth initiatives to drive market share gains and increased production. As careful stewards of capital, to better align with our capacity expansion, we amended our miner delivery schedule to match our deployment plan. Thus, we optimized resources, deferring $39 million in capex spending from the fourth quarter of 2022 into 2023.”

 

Eqonex Limited (NasdaqCM:EQOS) has announced that it is taking actions to streamline its operations and focus resources on the businesses that offer the most potential for revenue growth and long-term financial sustainability, namely Asset Management and Custody. Notably, this will include the company exiting from the crypto exchange space. The company’s CEO, Jonathan Farnell, said:

 

"The recent extreme market volatility and declining trading volumes have added to the headwinds being felt by exchange operators.  We take a realistic view that our exchange will not move the needle for us financially over the near-to-medium term. We don't see value in continuing to bear the costs of operating an exchange during what may be a prolonged market downturn.  We have conviction that proactively exiting the crowded exchange space is the right decision to deliver shareholder value."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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#Cleantech #Stocks to watch following #ClimateBill  - (OTCQB: $SING) (NASDAQ: $SEDG) (NASDAQ: SPWR) (NASDAQ: $PLUG) @_Singlepoint_ @SolarEdgePV @SunPower @PlugPowerInc

Inflation Reduction Act Provides Economic Support and Growth for the Sector

Vancouver, Kelowna, Delta, BC, August 15, 2022, Investorideas.com, a leading investor news resource covering solar and clean energy stocks, released today a special report, featuring solar energy company, SinglePoint, Inc. (OTCQB: SING), on the growth of acquisitions and improved investor sentiment for the renewable energy sector following the news surrounding the Inflation Reduction Act.

 

Read this article, featuring SING in full at https://www.investorideas.com/news/2022/renewable-energy/08151Cleantech-Stocks-To-Watch.asp

 

In recent news, “The US Senate has just approved a bill which includes America’s most significant investment in climate action. Alongside healthcare commitments, the Inflation Reduction Act allocates $369 billion to renewable energy and reducing greenhouse gas emissions. Experts at several analysis firms have estimated that it could cut emissions in the US by around 40 per cent by 2030.”

 

President Joe Biden called the legislation the “largest investment ever in combating the existential crisis of climate change,” praising it for “making the wealthiest corporations finally pay their fair share”. It could bring the country close to Biden’s goal of cutting emissions in half by the end of the decade.

 

Investors saw several companies that released their Q2 financials pre-climate bill reap the benefits of an emboldened investor attitude towards green energy stocks.

 

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, recently announced its financial results for the second quarter ended June 30, 2022 on August 2nd.

 

"The growing demand for energy in general and clean energy in particular continued to drive top line growth this quarter resulting in record revenues in Europe and the United States," said Zvi Lando, Chief Executive Officer of SolarEdge. "While we continue to face growing supply chain challenges, some related to our rapid growth in an environment of component shortages, and macro-economic trends as a result of our global footprint, we continue to support our customers while building the infrastructure for sustainable growth."

 

SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, released their financial results as well for the second quarter, ending July 3, 2022.

 

"There is a ubiquitous need for reliable electricity at an affordable price that isn't being met with our traditional energy sources," said Peter Faricy, SunPower CEO. "With our strategic growth plan, investment in world-class customer experience and robust pipeline, SunPower is well positioned to capture the strong resulting demand for solar and storage. This quarter we added a record number of customers, including an all-time high for new homes installs, and accumulated a backlog that we expect to set us up for high growth in the second half of the year."

 

SunPower Corporation’s earnings beat estimates as it increased 4.9% since its earnings release on Aug 2, 2022. The company reported second-quarter 2022 adjusted earnings of 3 cents per share. The bottom line marked a deterioration from the year-ago quarter’s earnings of 7 cents per share.

 

The Zacks Consensus Estimate for second-quarter earnings was a penny. Excluding one-time adjustments, the company reported a GAAP loss of 24 cents per share against the prior-year quarter’s earnings of 46 cents per share.

 

SinglePoint, Inc. (OTCQB: SING), an acquisition-focused solar energy and sustainable solutions provider, recently announced the acquisition of Frontline Power Solutions, a Multi-State Licensed Energy Services Company (ESCO).

 

Frontline Power Solutions (FPS) is a comprehensive energy service Company with the ability to operate in deregulated markets across the country. Frontline Power is licensed in nine (9) states and has applied for and is awaiting final approval in twelve (12) additional states. Frontline provides Energy Supply Agreements to all sizes of commercial, industrial, and institutional properties. In addition to supplying direct agreements, FPS also lends its expertise to its clients to help reduce energy consumption, streamline energy portfolios, and offer other options to lower energy costs.

 

The strategic acquisition provides SinglePoint with access to an extensive portfolio of clients while giving those FPS clients reciprocal access to one of the nation's leading solar power solutions companies and best-in-class customer service.

 

Wil Ralston, CEO of SinglePoint said, "Frontline Power Solutions is a great addition to SinglePoint. Frontline will round out our service offerings by providing tremendous opportunities in the deregulated energy markets. Through Energy Service Agreements or assistance with installing a client's solar system, SinglePoint can now assist thousands of commercial clients in their solar transition."

 

John Holmes, Founder & CEO of FPS said, "Our focus has been supplying commercial energy contracts to large and small commercial, industrial, institutional, and property management firms. We facilitate substantial reductions in energy consumption and spending while streamlining logistical management of their energy portfolios. By joining SinglePoint, our two companies benefit from economies of scale and monetizing opportunities more efficiently and quickly."

 

The FPS purchase is just the latest in SinglePoint's acquisition strategy, bringing a growing collection of solar providers and energy solutions under one corporate umbrella. SinglePoint has acquired six (6) subsidiaries, including EnergyWyze, BOX Pure Air, Direct Solar America, Ecodaptive, Boston Solar, and Frontline Power Solutions.

 

There are currently 26 US states that offer deregulated power options which are expected to reach $9 Billion in annual industry revenues.

 

This follows the company’s earlier announcement that its subsidiary, The Boston Solar Company LLC, expects to see substantial increases in residential solar energy projects due to the Inflation Reduction Act which passed on Sunday, August 7, 2022. The climate change and tax package passed by the Senate on Sunday will provide $370 billion in funding for clean energy, including extending and increasing lucrative tax credits for solar energy, enabling residential homeowners to claim up to 30% of the value of a solar project as a tax credit.

 

The legislation provides a 30% tax credit for installing residential solar panels until December 31, 2034. The tax credit would decline to 26% for solar panels put into service after December 31, 2032, and before January1, 2034. Additionally, homeowners installing solar battery systems with at least three kilowatt-hours of capacity qualify for the tax credit. The 30% credit will be retroactive to anyone who installed their system from the beginning of 2022. The tax credit also applies to energy storage, whether it is co-located or installed as standalone energy storage. This enables consumers to retrofit an array of batteries with a wide range of solar infrastructure, significantly increasing immediate revenue opportunities for SinglePoint through its majority-owned subsidiary, Boston Solar.

 

Wil Ralston, CEO of SinglePoint said. "SinglePoint is capable of exponentially increasing revenue due to this legislation passing. We will benefit from the largest clean energy act passed in the US in ways we haven't even thought of yet. Tax credits for solar projects have always been crucial in a property owner's decision to install solar panels."

 

Ralston continued, "In addition to the increase in demand and EV subsidies, the extension of tax credits provides additional benefits for the buyer and increases the potential market for solar energy projects because it increases affordability. Without question, this is huge for green living everywhere."

 

Corey Lambrecht, President and Chief Financial Officer of SinglePoint remarked, "With federal government support in the form of tax credits for solar energy projects and direct federal funding of air purification projects in schools, SinglePoint is poised to benefit from more contracts going forward."

 

Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced its 2022 second quarter results with the quarterly shareholder letter posted at https://www.ir.plugpower.com/Q222Plug.

 

In a recent article from MarketWatch “shares of Plug Power Inc. pulled a U-turn to trade sharply higher Wednesday, as investors and analysts appeared to embrace the hydrogen and fuel cell company’s glowing praise of the Inflation Reduction Act (IRA), over the company’s disappointing second-quarter results.”

 

Plug Chief Executive Andrew Marsh said on a post-earnings conference call with analysts that the IRA provides a “trifecta effect,” as it’s good for the climate, for jobs and for national security. And it’s great for the company.

“With the passage of the Act, we expect a boom for our electrolyzer and green hydrogen business,” Marsh said, according to a FactSet transcript. “All applications that use gray hydrogen [produced from fossil fuels] today, such as fertilizer manufacturing, will now be able to buy green hydrogen at a competitive price with gray.”

The Inflation Reduction Act is expected to pass through the House in short order which we can expect will embolden investors as well the companies themselves, in regards to growth and acquisitions, even as the economy maintains a recession. While there has been a dark shadow cast on the stock market over the past seven months we are starting to see a ray of sunshine for solar, wind and renewable energies. 

About Investorideas.com - News that Inspires Big Investing Ideas

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