Vancouver, Kelowna, Delta, BC – March 14, 2022 (Investorideas.com Newswire) 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 Podcast 670: Stocks discussed: (OTCPINK: $GTCH) (NYSE: $ACN) (NYSE: $EC) (NasdaqGS: $AMZN)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCPINK:GTCH) (NYSE:ACN) (NYSE:EC) (NasdaqGS:AMZN)
GBT Technologies Inc. (OTC PINK:GTCH) has announced the first two weeks’ sales results from its e-commerce platform. This pertains to a revenue sharing agreement leveraging GBT’s Avant! AI to “identify opportunities with respect to e-commerce sales.” Through this agreement, the company has sold 360 items generating sales of $73,423.99 since March 1, 2022. GBT’s CEO, Mansour Khatib, said:
“We were pleased to announce this new stream of revenue. As a reminder, we entered into a revenue sharing agreement for a term through the end of the year with an option to extend for additional terms. This opportunity may allow us to expand our operations to different domains, which potentially can complement our products when and if introduced to the market. Currently, we operate the e-commerce platform from West Hollywood, California and we are selling currently in the United States, Canada, Mexico and Brazil.”
Accenture (NYSE:ACN), Ecopetrol (NYSE:EC), and Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), have announced a “first-of-its-kind solution for water intelligence and management to help advance sustainability and operational efficiencies for energy companies.” The solution leverages industry insights from Accenture, along with high-performance computing, storage, machine learning and artificial intelligence from AWS. Adam Selipsky, CEO of AWS, said:
“The conservation and sustainable management of water is a priority for communities and companies around the world, and through leveraging the breadth and depth of AWS, Ecopetrol and Accenture are tackling this challenge at scale. Like other sustainability initiatives, water conservation is a big data problem. By combining data from previously disparate sources across Ecopetrol’s operations, and using AWS cloud-based machine learning and artificial intelligence services, this technology will enable companies across the energy industry to achieve water neutrality.”
Global AI Chipsets Market to Exhibit 39% CAGR from 2022-27
A report published by Research and Markets finds that the global AI Chipsets market will register a compound annual growth rate (CAGR) of 39 percent in the forecast period 2022-27. The market, according to the report, has been negatively impacted by the outbreak of COVID-19, which has hampered the market’s supply chain and production. An excerpt from the report’s summary reads:
Semiconductor chip shortage halted the production of consumer electronics worldwide due to the COVID-19 pandemic. However, the pandemic created a huge demand for consumer electronics, such as laptops, desktops, and gaming consoles, causing chaos for product companies, manufacturers, and end consumers. Equipment manufacturers focused on meeting this demand from the volatile consumer technology market. The chip shortage and high demand scenario are expected to continue until the next 2 to 3 years, driving the demand for AI chips for consumer electronics.
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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