Vancouver, Kelowna, Delta, BC – February 2, 2022 (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 655: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $STEM)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:STEM)
GBT Technologies Inc. (OTC PINK:GTCH) has filed a patent application with the U.S. Patent and Trademark Office for systems and methods of a financial software application for a secured, AI controlled credit card management system. The company’s CTO Danny Rittman explained:
“The credit card market world is wild today. There are numerous credit card choices, each offers different interest rates, benefits and a wide variety of rewarding programs. It is a tricky task to decide which credit card to use and for which type of charges. We are in process of developing an AI controlled, credit card management system to automatically assist users with their credit cards transactions. The invention aims to automatically prioritize and characterize user’s credit cards according to their characteristics. The goal of the technology is to rank a user’s credit card profile according to their attributes, among them are interest rate, reward programs and similar. In turn, it is designed to use the one with the highest rank to execute the desired charge(s), constantly ensuring the user’s best financial interest. We filed a non-provisional patent to protect the concept of a smart “Financial Manager” that helps users with credit lines monetary decisions, always ensuring their best interest. We find this topic an intriguing opportunity for our technology to be implemented within the financial domain and intend to further explore its horizons in the near future.”
AI-driven energy storage software and services firm Stem, Inc. (NYSE:STEM) has completed its acquisition of Also Energy Holdings, Inc., adding “32.85 gigawatts (GW) of solar assets under management in more than 50 countries.” According to the press release, this acquisition will combine “AlsoEnergy’s market-leading solar asset performance monitoring and control platform, PowerTrack, with Stem’s best-in-class AI-driven analytics platform, Athena.” Stem’s CEO, John Carrington, said:
“The acquisition of AlsoEnergy is a significant milestone for Stem and represents accretive high margin software products, marquee customers, and a substantial increase of assets under management. Together, our employees will help accelerate the tremendous growth of renewable energy onto the power grid. Our market-leading software solutions will unlock significant value for our customers as they increasingly seek to manage and optimize integrated solar and energy storage assets. We expect the combination to be immediately accretive and will boost our growth, enhance our margins, and accelerate our expansion as a global provider of clean energy intelligent software solutions.”
Global AI in Construction Market to Reach $2.51B by 2030
A report published by Market Research Future finds that the global AI in Construction market is projected to reach $2.51 billion USD by 2030, registering a compound annual growth rate (CAGR) of 33.2 percent in the forecast period 2021-30. The following excerpt from the report’s description outlines factors driving the market:
The increasing demand for AI solutions in safety measures, construction sites, and AI capability in construction sites to reduce production costs is the reason behind driving the AI in Construction Market growth.
However another excerpt looks at the negative impact of the COVID-19 pandemic on the market:
A significant amount of drop has been seen in the growth of AI in Construction Industry due to the covid-19 pandemic in 2020. The increasing need in construction sites for advanced and safety measures is the original attribute behind this growth. Moreover, the market is also experiencing a shift in product availability as the manufacturing of the Chinese companies has been completely shut down. Also, the restriction in the cash circulation is forcing the construction sites to face an issue with capital liquidity.
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 featured AI stock. Global investors must adhere to regulations of each country.
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