BYND Cannasoft Enterprises Inc. (BCAN) files patent application for its AI based EZ-G device with the World Intellectual Property Office

August 01, 2023 at 06:00 AM EDT

Companies are employing artificial intelligence to make their existing operations more powerful such as through high-profile applications, including robotics, self-driving cars, and virtual assistants. BYND Cannasoft Enterprises Inc. (BCAN) filed patent application for its AI based EZ-G device with the World Intellectual Property Office.

*Sponsored on behalf of BYND Cannasoft

Boosted by buzz over generative AI, the Nasdaq composite has jumped 35% in 2023. AI is touching every industry and sector. A lesser-known player in the Artificial Intelligence (AI) market that's making significant waves is BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) . BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (CSE: BYND), has announced the filing of a patent application for its groundbreaking AI-based EZ-G device with the World Intellectual Property Office (WIPO). This move is a testament to the company's dedication to technological innovation and the advancement of artificial intelligence and machine learning. Source: https://finance.yahoo.com/news/israeli-technology-company-bynd-cannasoft-123000959.html

The Power of Artificial Intelligence

BYND Cannasoft's latest offering, the EZ-G device, showcases their commitment to shaping the future of machine learning. It's an AI-driven prototype that boasts a multitude of sensors, including pressure, temperature, conductivity, and heart rate sensors. By using AI, the device gathers and interprets data from these sensors, enhancing the user experience based on this intelligence. What truly sets the EZ-G device apart is its smart design. The device is equipped with a Bluetooth component, allowing for control via an app installed on a user's smartphone or other portable devices. This feature enables the collection of user information on preferences, thus generating custom programs tailored to individual needs. The intelligence doesn't stop there, though. The data collected by the device is securely uploaded to the cloud. Here, it's combined with other users' preferences to refine the device's operation and performance, promising enhanced user satisfaction.

Riding the Wave of Technology

As the world becomes increasingly digitized, we're seeing an upward trend in the application of wearable technology across a variety of industries. BYND Cannasoft is adeptly leveraging this growth, utilizing technological advancements to position themselves at the forefront of their market. The company is already well-known for its proprietary customer relationship management (CRM) software product, 'Benefit CRM.' This software has enabled small and medium-sized businesses to streamline a range of day-to-day activities, from sales management to marketing and personnel management. Now, with the unveiling of the EZ-G device, BYND Cannasoft is displaying their ability to pivot and adapt to new market trends.

A Small Cap Company with Large Potential

BYND Cannasoft is a shining example of a small cap play with substantial potential. With a diverse portfolio of established CRM software and innovative AI-enhanced device designs, the company is strategically positioned to seize market opportunities. The patent-pending intellectual property for the EZ-G device could further secure BYND Cannasoft's position as a market leader. Investors in search of promising growth stocks in emerging markets should pay close attention to BYND Cannasoft's recent announcement. The company's foray into AI-enhanced devices represents a notable shift in its corporate strategy, reflecting ambition and a clear vision for future growth. As always, thorough research is key when considering any investment, but this small cap is certainly one to watch as it continues to innovate and evolve.

For more info on BCAN, Click HERE.

Some of the other notable players in the AI space to place on top of your radar include Nvidia (NVDA), C3.ai (AI), KLA (KLAC), Cadence Design Systems (CDNS), Palo Alto Networks (PANW), Synopsys (SNPS), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), UiPath (PATH).

Disclaimer: *Sponsored on behalf of BYND Cannasoft. Please ensure to fully read and comprehend our disclaimer found at https://investorbrandmedia.com/disclaimer/. We have been compensated one thousand and five hundred dollars by a 3rd party for ticker tagging advertisement services on BCAN from 31st July, 2023 to 4th August, 2023. InvestorBrandMedia.com is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of InvestorBrandMedia.com is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like "believes," "anticipates," "estimates," "expects," "projects," "intends," or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.InvestorBrandMedia.com does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.InvestorBrandMedia.com is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by InvestorBrandMedia.com or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. InvestorBrandMedia.com is not a fiduciary by virtue of any person's use of or access to this content. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE.

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BYND Cannasoft Enterprises Inc. (BCAN) files patent application for its AI based EZ-G device with the World Intellectual Property Office

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