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The AI Eye Podcast - GBT's CTO and Bannix CEO Discuss Autonomous Vehicles and $42.5 Million Apollo IP System Patent Purchase
Also discuss Apollo IP system implementation with Evie Autonomous Vancouver, Kelowna, and Delta,...
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[{"type":"text","content":"The AI Eye Podcast - GBT's CTO and Bannix CEO Discuss Autonomous Vehicles and $42.5 Million Apollo IP System Patent PurchaseAlso discuss Apollo IP system implementation with Evie AutonomousVancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - August 23, 2023) - Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) stocks releases a special edition of the AI Eye podcast looking at AI technology in autonomous vehicles, featuring interviews with Bannix Acquisition Corp. (NASDAQ: BNIX) and AI innovator GBT Technologies Inc. (OTC Pink: GTCH).Listen to the podcast on Investorideas.com:https://www.investorideas.com/Audio/Podcasts/2023/082123-AI-Eye-GBT-Bannix.mp3Hear the AI Eye Podcast on SpotifyWatch the podcast on YouTube:Cannot view this video? Visit:https://www.youtube.com/watch?v=ov9pxqYy3j8As the market for Autonomous vehicles grows, so too does the demand for innovation in its constituent technologies. GBT Technologies Inc. (OTC Pink: GTCH), a development-stage IoT and artificial intelligence firm, is seizing on this trend with its recent entering into a definitive Patent Purchase Agreement with Special Purpose Acquisition Company (SPAC) Bannix Acquisition Corp. (NASDAQ: BNIX). This deal will see Bannix acquire the Apollo IP system through GBT Technologies' 50 percent-owned GBT Tokenize Corp., for a $42.5 million purchase price.Apollo, which comprises four granted patents and one pending, is described as a \"radio frequency-based computer vision technology that, upon full development, can provide autonomous vehicles with superior perception and mapping capabilities in all lighting conditions and weather.\" The system emits radio waves to transmit and receive data from objects in its environment, accruing data which is then processed by advanced artificial intelligence algorithms to create a 3D image of the surrounding area.According to the press release, the Apollo system will be implemented into Evie Autonomous, a U.K.-based autonomous vehicle technology company that Bannix acquired through a business combination announced earlier this year. Founded by British automotive entrepreneur Steven Lake, Evie makes driverless platforms \"with the goal of transforming logistics, public service and mass transit.\" In a recent interview with Investorideas.com, Bannix CE...