This Co Could Capitalize as AI Revenue Grows
April 24, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Tractica forecasts that the revenue generated from the direct and indirect application of AI software is estimated to grow from $643.7 million in 2016 to $36.8 billion by 2025. This represents a significant growth curve for the 9-year period with a compound annual growth rate (CAGR) of 56.8%.
One AI company that could be a part of this revenue growth is Gopher Protocol Inc. (USOTC: GOPH). The company has had an enormously productive first quarter. They marched out of March more like a lion than a lamb releasing their AI enabled app based on modern AI technologies including Deep Neural Network (DNN), vectorization and other advanced methodologies enabling usage for wide variety of applications. The company has followed that up this past week announcing it successfully completed testing on their Alpha version of its global mesh network technology platform GopherInsight™ which is the company’s IoT component. This is the kind of company which security and engineering decision makers at $1 billion firms are starting to pay attention, so now would be a great time to start your research on GOPH.
Today we are highlighting: Gopher Protocol Inc. (USOTC: GOPH), Phunware, Inc. (PHUN), Snap, Inc. (NYSE: SNAP), Square, Inc. (NYSE: SQ), and Western Digital Corp. (NASDAQ: WDC).
Gopher Protocol Inc. (USOTC: GOPH) (Market Cap: $62.222M; Share Price: $0.2964)’s Avant! AI mobile app is synchronized with the Avant! AI web application (www.avant-ai.net) and is equipped with personalization and additional features to make it a handy artificial general intelligence (AGI) agent for the benefit of users. Avant! AI is an artificial intelligence system that is capable of processing vast amounts of data efficiently and quickly. Avant! AI is based on modern AI technologies including Deep Neural Network (DNN), vectorization and other advanced methodologies enabling usage for wide variety of applications. The current release of Avant! AI is targeting AGI to perform information search and retrieval. The new mobile application enables question/answer capability for general topics. Avant! AI searches for online information, sorting out the best answer and recording it under a personal account. The system keeps a history of any user's question/answer data for future use and includes a search mechanism to retrieve previous topics.
The company’s GopherInsight™ global mesh network technology platform for both mobile and fixed solutions was tested in both laboratory and outdoor conditions and all tests were successful. "We are glad to announce the completion of our MESH system, Alpha version. The system has successfully passed all lab and field testing as scheduled with satisfactory results," commented Danny Rittman, Gopher’s Chief Technology Officer. "The tests covered essential topics that included hardware and software to ensure high performance and reliable features and characteristics.”
Mr. Rittman continued, “We used a mobile app to visualize results and to produce vital data like nodes/gateways range, GEO location and coverage area. The system was tested both outdoors and indoors. This data will be used to debug the Alpha version and initiate any changes or modifications that may be needed to produce a Beta version with the goal of ensuring commercial standards. We are already evaluating real-life projects to be a case study for our MESH system, which will use prototypes in real-life situations. The study will cover the system's GEO tracking, emergency alerts and further advanced capabilities." The next step to be taken by Gopher in this process is to optimize its Alpha version in order to proceed to Beta. Gopher is already evaluating potential projects as commercial application case study opportunities.
Phunware Inc. (PHUN) (Market Cap: $264.362M; Share Price: $7.51), a fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services for brands worldwide, announced on April 11 the award of U.S. Patent No. 10,254,378, “Mobile Device Localization Based on Relative Received Signal Strength Indicators.” This patent adds to the company’s growing intellectual property portfolio, currently comprised of 16 awarded patents and 6 patents-pending.
It announced last week a commercial agreement with Endpoint IP, an agency combining intellectual property transaction and law firm expertise with capital investment to monetize intellectual property for brands. The agreement, which was formally executed on April 2, establishes Endpoint IP as a global agency partner of note to license Phunware's portfolio of mobile technology patents to new companies, distribution partners and third parties for use in their products and solutions. It will also provide advisory services to the company around intellectual property licensing and enforcement as part of the ongoing engagement.
Phunware Inc., together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions. Phunware helps the world's most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month.
Fitbit and Snap Inc. (NYSE: SNAP) (Market Cap: $15.232B; Share Price: $11.53) announced on April 4 a partnership to make getting active and healthy more fun and motivating with the first-ever Bitmoji clock face that dynamically updates throughout the day based on your personal health and fitness data, activity, time of day, and weather. It is available for free exclusively for all Fitbit Ionic™ and Fitbit Versa™ family of smartwatch users. The Bitmoji smartwatch clock face is a fun, expressive way to depict you living your best life 24/7 – whether it’s logging a yoga sesh, celebrating a goal achievement, or reminding you when it’s time for bed. In the 1st week of April, it had unveiled Snap Games -- an all-new real-time multiplayer gaming platform featuring original and third-party games from Game Closure, PikPok, Spry Fox, Zeptolab, and Zynga. Snap will begin rolling out a series of made-for-Snapchat games, each designed for high-fidelity, synchronous gameplay.
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.
Square, Inc. (NYSE: SQ) (Market Cap: $30.461B; Share Price: $72.58) will release financial results for the first quarter of 2019 on May 1, 2019, after market close. Square will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day to discuss these results. The live webcast of the call can be accessed from Square's Investor Relations website at square.com/investors. A replay will be available at the same website following the call. It is one of the top picks of Wall Street investors due to glowing reports and 33% gain in stock price since the start of the year.
Square, Inc. revolutionized payments in 2009 with Square Reader, making it possible for anyone to accept card payments using a smartphone or a tablet computer. Today, Square provides tools that empower businesses and individuals to participate in the economy. This cohesive ecosystem of managed payments, hardware, point-of-sale software, and other business services helps sellers manage inventory, locations, and employees, access financing, engage buyers, and grow sales.
Western Digital Corp. (NASDAQ: WDC) (Market Cap: $15.767B; Share Price: $54.21) unveiled on April 10 the new Western Digital® WD Purple® SC QD312 Extreme Endurance microSD™ card for designers and manufacturers of AI-enabled security cameras, smart video surveillance and advanced edge devices that capture and store video at higher bit rates than mainstream cameras. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190410005090/en/ . Western Digital offers a broad portfolio of surveillance storage products and solutions to help people capture, preserve, access and transform their content. Western Digital will be showcasing the new products as well as its entire surveillance portfolio, including the WD Purple 12TB HDD at ISC West (Booth #22067) in Las Vegas. From storing, transferring, distributing, editing and archiving content, Western Digital is the only provider that makes the complete workflow simpler, better and faster.
Last week, it announced the appointment of Robert Eulau to lead the company's finance organization as executive vice president and chief financial officer (CFO), reporting to Steve Milligan, Western Digital's chief executive officer (CEO). Eulau will join Western Digital on April 22, 2019 to begin his transition into the new role and will formally take over the CFO role from Mark Long on May 9, 2019.
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives and solid state drives for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.
Priyanka Goel, CFA
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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SOURCE: Microcap Speculators