Point Roberts, WA and Vancouver, BC - January 13, 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:GTCH ).
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AI Eye Episode 508: GBT Tokenize Seeks FDA Approval for qTerm, and Broadridge (NYSE: ) Collaborating with AI Firm Fligoo
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:BR)
GBT Tokenize Corp, the joint venture of GBT Technologies Inc. ( OTC PINK:GTCH ), is seeking approval for its qTerm human vital signs device with the United States Food and Drug Administration (FDA). Danny Rittman, CTO of GBT Technologies, explained:
"We seek to have our qTerm human vitals device approved by the FDA to confirm high standards and compliance. Another aspect is to gain potential customer's confidence and trust in the product's performance and accuracy. We plan to offer the technology for personal, hospitals and clinics usage and seeking to comply with the industry's standards and regulations. FDA approval means that the FDA has formally approved the qTerm product to be safe and effective for market and sale in the U.S. Our qTerm device is an external, non-invasive device that is targeted to measure human vitals. In addition, we believe that its main advantage upon similar products is its Artificial Intelligence technology that offers advanced features like real-time health statistics, analytics, and monitoring. The device is designed to assist in potential illness prevention by providing a real time, geographically proximity alert. It is easy for use, and mainly intuitive. We believe that this type of device can become a personal health assistant monitoring, analyzing, and alerting for potential issues in real time. Early detection of potential health issues, based on vitals can be crucial and a life saver. Applying for an FDA clearance is a long process but we strongly believe it will bring our technology to the highest standards to be used by hospitals and individuals."
Broadridge Financial Solutions, Inc. ( NYSE:BR ) has announced a collaboration with AI firm Fligoo to develop a suite of proprietary predictive analytics software products for the wealth management industry. According to the press release, Fligoo's "Sharp AI Enterprise Suite software delivers exponential business value through state-of-the-art advanced analytics, monitoring, closed-loop feedback and decision science." Lucas Olmedo, CEO of Fligoo, said:
"We're excited to leverage Broadridge's extensive wealth management expertise, insights and data to develop software that can create genuine innovation in the wealth management industry. We have condensed the expertise acquired on hundreds of use cases in multiple industries into a product that has the power to augment the capacity/performance of advisors, firms and investors on a daily basis."
Global AI in Agriculture Market to Reach $2.4 Billion by 2026
A report published by Facts & Factors finds that the global AI in Agriculture market will grow from $750 million in 2019 to $2.4 billion by 2026 with a compound annual growth rate (CAGR) of nearly 20 percent in the forecast period 2020-2026. An excerpt from the report summary reads:
Farmers can produce healthier crops, track their soil condition and growing conditions and manage pests with the implementation of AI technologies. AI in agriculture helps the farmer by organizing farmers ' data; it helps with the workload and improves a wide range of related tasks. Rapid population growth is increasing demand for agricultural production. Innovative technologies have been used in recent years to increase efficiency. Growing adoption of advanced technology, growing need for monitoring of livestock, increasing use of drones in agriculture, increasing demand for smart sensors, GPS tracker in agriculture will drive the AI in the agricultural sector.
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 IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. GBT has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. GBT's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. GBT envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.
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