Point Roberts, WA and Vancouver, BC – November 10, 2021 (Investorideas.com Newswire) Investorideas.com (www.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:GTCHD).
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AI Eye Podcast 624: Stocks discussed: (OTCPINK: $GTCHD) (NYSE: $AI) (NYSE: $RDS-B)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCHD) (NYSE:AI) (NYSE:RDS-B)
GBT Technologies Inc. (OTC PINK:GTCHD) has announced that it has now started the development of an application-specific, secured, wireless protocol for tracking implementation of its Infinia Long Range Radio System. The company’s CTO, Danny Rittman, explained:
“As we are working on designing a tracking application using our Infinia Long Range Radio, a high level of cybersecurity technology is needed to protect its sensitive data. Along with high performance network operation requirements, extra attention is needed to protect the network’s data; particularly with tracking system implementation. We plan to evaluate a few encryption methods, among them is an AES based algorithm. The Infinia System is composed of radio operated components, including base, mobile and repeater units; we plan to ensure a secured, adequate network interoperability functionality. Data encryption algorithms have the capability of preventing unauthorized disclosure of sensitive information, yet, it’s not enough. Especially with today’s wireless networks vulnerabilities we plan to integrate our AI system to manage and supervise the security protocol. Additionally, the intelligent system will be performing on-going scanning, constantly searching for possible intrusion or unauthorized access. In light of today’s wireless networks potential security risks and interoperability challenges, a machine learning cryptography module will be protecting the internal network communication with high performance and reliability.”
C3 AI (NYSE:AI) and Shell (NYSE:RDS-B) have announced that three new Shell products that will be available through the Open AI Initiative (OAI), described in the press release as “an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.” Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell said:
“The products announced today have already been deployed at Shell and have been proven to either create operational efficiencies and savings or generate additional revenue and opportunity. As more products are added to the growing OAI eco-system, we look forward to working with C3 AI, Baker Hughes, and the other ecosystem partners to build the next-generation platform for the future energy system.”
Global AI in Fintech Market to Reach $46.8B by 2030
A report published by Prescient & Strategic Intelligence finds that the global AI in Fintech market, which was valued at $7.7 billion in 2020, is expected to grow to $46.8 billion by 2030 with a compound annual growth rate (CAGR) of 19.8 percent in the forecast period. An excerpt from the report’s description outlines the impact of the COVID-19 pandemic on the market:
The COVID-19 pandemic had negatively impacted the market in the first two quarters of 2020. However, post lockdown, it has been witnessed that financial institutions are adopting AI solutions to reach maximum potential customers and streamline their operational activities, with a focus on optimizing operational cost and time and integrating their workflow with new COVID norms. The interest of banks and other financial institutions in adopting ML and data science has continued and increased throughout the COVID-19 crisis.
Sam Mowers, Investorideas.com
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