Investment in Artificial Intelligence (AI) Technology Projected to Triple by 2020 With Market Value of $1.2 Trillion

PALM BEACH, Florida, May 10, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The artificial intelligence (AI) market is projected to continue experiencing significant growth through 2020, with venture capitalists and tech companies investment in the sector tripling according to Forrester Research. With this growth, it is projected the market value is projected to be $1.2 trillion annually by 2020 with Global GDP annual growth rate of 3.5%. Technological advancements will enhance cognitive learning capabilities and innovators in the space will continue developing cutting-edge solutions, including various applications for mesh technologies not limited to the Internet of Things (IoT) and evolved tracking devices. Additionally, it should be noted that AI has capabilities to benefit every industry in some form or fashion as big data and advanced analytics become more prevalent in strategic planning. The AI and IoT markets continue to grow rapidly across many verticals while creating a rising demand for high-performance technology and services. Active companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Pure Storage Inc. (NYSE:PSTG), NVIDIA Corporation (NASDAQ:NVDA), Twilio, Inc. (NYSE:TWLO), NetApp, Inc. (NASDAQ:NTAP).

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a technology company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technologies, announced that its licensed patent, which it holds as an exclusive licensee from Dr. Danny Rittman ("The patent"), was "allowed" by the US Patent and Trademark Office on May 2, 2018 covers tracking devices, systems and methods using patches with embedded electronic circuits.  

This patent describes an electronic tracking device system that is contained entirely on a "sticky patch" package, called The Guardian Patch. The "allowed" status indicates that the IP is now protected and it will be assigned a patent within approximately three to six months.

The Guardian Patch is a communications device that is self-adhesive and can be affixed to any object in order to track it anywhere on the planet. The Guardian Patch, when incorporated into a network, can track an object's movements, in real time, at any location in the world, indoors, outdoors and underground.

The electronic system includes a network connection for communicating with other, similar systems in a mesh network using radio spectrum, computers, and mobile devices, including the Internet. The electronic circuit within the patch transmits signals to enable tracking anywhere on Earth - with or without GPS services. The system can store the affixed object's details for identification purposes on mobile tracking apps. The system includes its own power source that is expected to last one year.