AI Eye Episode 409: GBT Completes Phase I of AI-Powered qTerm and Microsoft Announces Partnership with Standard Chartered Bank for Digital Transformation

Point Roberts, WA and Vancouver, BC - August 12, 2020 (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.

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AI Eye Episode 409: GBT Completes Phase I of AI-Powered qTerm and Microsoft (NasdaqGS: $MSFT) Announces Partnership with Standard Chartered Bank for Digital Transformation

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

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:MSFT) (LSE:STAN)

GBT Technologies Inc. (OTCPINK:GTCH) has completed Phase I of its AI-powered human vitals device qTerm, a joint venture with GBT Tokenize Corp. This first phase concluded “a user friendly, efficient size and shape for version one,” of the device, which “could be easily attached to a smart phone or used as a standalone instrument.” An excerpt from the press release reads:

In order to join the world's battle against the COVID-19 virus, we are accelerating version one development with the goal to bring the product into the market as soon as possible. Version one will be measuring human temperature. If the reading is of concern, the user will receive a timely visual and audio alert. qTerm smart phone app will keep a history for the user's records and provide numerical and statistical data about the user's body temperature.

In addition, qTerm's mobile app is designed to be powered by AI, anonymously and securely collecting the user data, building a worldwide 'thermal map' to alert about potential health risks proximities. The device sizes and shape, including battery location and PCB board has been determined and now GBT is moving to Phase II, which is the device circuits implementation and optimization.

Microsoft (NasdaqGS:MSFT) announced a three-year strategic partnership with Standard Chartered Bank (LSE:STAN) to accelerate the latter's digital transformation through a cloud-first strategy. Bhupendra Warathe, CTO, Cloud Transformation at Standard Chartered, explained:

"The pandemic has shone a spotlight on the need for businesses and banks to be resilient from a risk mitigation, cost and security perspective. With the increasing trend of an always-on digital economy, commercial and consumer clients are looking for applications and services that empower them to do online banking from anywhere, flexibly and efficiently. The speed and scale of continuous innovation offered by Azure allows us to innovate with the latest AI services to meet evolving client needs. We can pilot new apps in one market and scale them rapidly across others. This is especially important for a bank with a footprint as broad and diverse as ours."

Global AI in Manufacturing to Reach $18.5 Billion by 2025

A report from Zion Market Research finds that the global AI in Manufacturing market will grow from $1.1 billion in 2018 to $18.5 billion in 2025 with a compound annual growth rate (CAGR) of 49.7 percent in the forecast period 2019-2025. An excerpt from the report analysis outlines the role of predictive maintenance in the market:

The predictive maintenance analysis works on artificial intelligence (AI) algorithms and artificial neural networks. Along with downtime cost reduction, it helps in the extension of equipment's RUL (Reduction of Life). In case of unavoidable maintenance, AI informs the technicians [about] advanced inspection before the situation arises. The emerging need for smart maintenance application[s] in the manufacturing industry is driving the global artificial intelligence (AI) in manufacturing market worldwide. Huge initial investments [into] deploying artificial intelligence (AI) in already existing mechanical robots are hindering the market. The integration of AI has revolutionized product designing techniques. The rising demand for generative designs is estimated to create new market opportunities over the forecast timeframe.

Sam Mowers, Investorideas.com

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