The #AIEye Episode 389: GBT Tokenize Corp. (OTC PINK: $GTCH)Begins Design and Development of qTerm Human Vitals Device, Microsoft (NasdaqGS: $MSFT) Announces Strategic Alliance with Land O’Lakes
Global Conversational #AI Market to Reach $15.82 Billion by 2024
Point Roberts WA, Vancouver BC – July 15, 2020 – 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTC PINK:GTCH) (NasdaqGS:MSFT)
GBT Technologies Inc. (OTC PINK:GTCH) has, through its Joint Venture, GBT Tokenize Corp, begun design and development of its AI-powered human vitals device, qTerm. According to the press release, qTerm “is designed to easily and accurately measure body temperature, blood pressure and heart rate,” and is expected to “be easily attached to a smartphone.” An excerpt from the press release reads:
The qTerm's mobile app will be powered by AI, anonymously collecting the user data in a central, secure database, building a real-time worldwide 'thermal map'. In case the user approaches or is being approached by a 'hot person' just down the street, he/she will get real-time alerts to avoid the risk of exposure. This feature is called Proximity Alert and targeted to alert users about exposure risks.
Microsoft (NasdaqGS:MSFT) has announced a multiyear strategic alliance with agriculture giant Land O’Lakes Inc. to “pioneer new innovations in agriculture and enhance the supply chain, expand sustainability practices for farmers and the food system, and close the rural broadband gap.” Microsoft CEO Satya Nadella said:
"Land O'Lakes is one of the most important food suppliers in the U.S., and our nation's farmers and consumers rely on its ability to rapidly adapt to changing market forces through innovation. Through our partnership, we will apply the power of Azure and its AI capabilities to help Land O'Lakes solve some of the most pressing challenges facing the industry and bridge the divide between rural and urban communities."
Global Conversational AI Market to Reach $15.82 Billion by 2024
A report from Market Research Future finds that the global Conversational AI market will reach $15.82 billion by 2024 with a compound annual growth rate (OTC:CAGR) of 30.32 percent in the forecast period 2019-2024. An excerpt from the report description outlines the scope of the market and factors contributing to its growth.
The development of artificial intelligence in recent years including machine learning, natural language processing, image recognition, and speech recognition have promoted conversational AI applications allowing users to interact with businesses through desktops, laptops, and smartphones. Conversational AI is capable of accomplishing various tasks such as providing shopping assistance, product recommendations, answering customer queries; booking plane, train, bus, and movie tickets; setting up business meetings; checking booking status; providing information related to weather, local events and news and entertainment. Enterprises are increasingly adopting conversational AI solutions to offer immediate online assistance to improve online sales conversion rates. Various benefits of conversational AI in business-to-business applications, widespread adoption of messaging apps, enterprises focusing on enhanced customer experience, and rising adoption of virtual assistants are other factors promoting the market growth.
Sam Mowers, Investorideas.com
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