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CST: 17/09/2019 10:32:14   

CORRECTION: GBT Technologies Successfully Completes AI Robotic Research

27 Days ago

In a release issued under the same headline on August 20th by GBT Technologies Inc., the (OTC PINK: GOPHD) ticker was used instead of (OTC PINK: GTCH) throughout the release.

SANTA MONICA, Calif., Aug. 21, 2019 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT”, or the “Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ global mesh network technology platform for both mobile and fixed solutions, is pleased to announce that it has successfully completed another milestone in its AI development. 

In this milestone, using a complex robot, GBT has achieved the goal of a “self-learning” machine. Typical machine learning needs humans to tell it how to make accurate predictions using specific data that it is given. GBT’s Avant! AI System is designed to function like a human brain using deep learning algorithms, based on RNN (Recurrent Neural Network) to process the information resulting in self-learning without specific direction from humans. 

In a successful proof of concept trial, GBT’s Avant! AI technology was implemented in a robot to enable it to process information and reach conclusions on its own (making it a self-learning system). This is the first step in GBT's Avant! AI implementation to enable an autonomous machine. With further development, GBT believes it can be implemented in any type of robotic, unmanned or automated system with the goal of enabling a wide variety of intelligent applications in our daily lives.

"We call this stage the self-learning stage. Here, we successfully gave a complex machine the ability to learn without being explicitly programmed. The robot can be trained to perform tasks. It will learn from its performance in order to improve on it over time, exactly as a human would do.  In addition, the robot will continuously improve its knowledge through online data research and other data resources for ways to improve task performance using GBT’s knowledge extraction technology,” stated Danny Rittman, GBT’s CTO. 

Douglas Davis, the Company’s CEO added: “This robot is not a rules-based system but a true learning entity. It can learn by being trained (being given information) or on its own (researching its own information). It can educate itself and adapt to rapidly changing conditions in real time. It can be trained to carry out complex tasks that require thought and adaptation.  As an example, let’s look at a simple task, like lifting an object and placing it in another location. This task can be done in few ways. The machine analyzes all possibilities virtually instantaneously and chooses the most efficient way to complete the task. In addition, it will research and learn about even better ways to carry out the same task, continuously trying for higher performance and efficiency. We are excited to continue our AI-based development and testing programs to explore many additional use cases, including to develop intelligent applications using GBT's Avant! AI technology."

About GBT Technologies Inc.

GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”) (http://gopherprotocol.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.

https://www.avant-ai.net

About GBT TECHNOLOGIES, S.A.

GBT Technologies, S.A., a private Costa Rican corporation (GBT - http://gbttechnologies.com/) is a development-stage company in the business of the strategic management of BPO (Business Process Outsourcing) digital communications processing for enterprises and startups; distributed ledger technology development, AI development and fintech software development and applications. 

https://aggregator.genesisexchange.io/ (Beta Version)

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Douglas Davis,  CEO
GBT Technologies Inc.
Media: press@gopherprotocol.com 

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