Gaxos.ai Finalizes Partnership with Byteplus for AI Video Tools

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: 2 hours ago

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Should l Buy GXAI?

Source: Benzinga

Partnership Finalized: Gaxos.ai has finalized a deal with Byteplus, securing preferred pricing and significant discounts on ByteDance's advanced video generation models, which will accelerate the deployment of AI capabilities in its Art-Gen platform, enhancing content creation ease and professionalism.
Accelerated Market Penetration: This partnership positions Gaxos to rapidly penetrate the multi-billion-dollar global creator economy by embedding state-of-the-art AI video tools, reducing infrastructure costs and improving scalability, thereby strengthening the company's competitive advantage.
AWS Support and Capital Plans: Gaxos is collaborating with AWS partner Caylent to develop a real-time sales platform featuring live call transcription, automated coaching insights, and post-call analytics, further enhancing its market competitiveness.
Funding Initiative Launched: Gaxos recently launched a $3 million at-the-market stock offering through H.C. Wainwright, which is expected to provide additional funding support for the company's future growth.

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About GXAI

Gaxos.ai Inc. is a technology-based company. The Company is focused on addressing health, longevity, and entertainment, through artificial intelligence (AI) solutions. The Company's offerings include health, wellness and gaming. Its flagship product is its gaming platform called Gaxos (Gaxos Gaming), created to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability for gamers and developers to utilize artificial intelligence to create and design in-game features, as well as to mint in-game features, such as skins, characters, weapons, gear, levels, and virtual lands, in the form of non-fungible tokens (NFTs) that allows users to have experiences and more control over in-game assets. Its Gaxos Health integrates AI-driven insights with individual biometric data and health goals to create Web and application based personalized wellness strategies for users.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Kraig Biocraft Laboratories Shifts to Production Phase

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Commercialization Progress: This production shift is seen as a pivotal step from planning to production, expected to drive sustainable supply contracts and downstream revenue visibility, thereby enhancing market competitiveness.
AI Technology Partnership: Gaxos.ai finalized a deal with BytePlus, securing preferred pricing and early access to advanced video generation models, which is anticipated to enhance deployment speed and gross margins for its AI video tools.
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Gaxos.ai Partners with ByteDance to Enhance AI Capabilities

38 minutes agostocktwits

Strategic Partnership: Gaxos.ai has finalized a partnership with ByteDance's enterprise technology unit, BytePlus, securing preferred pricing and discounts on advanced video generation models, which will accelerate the integration of AI tools into its Art-Gen platform and significantly enhance market competitiveness.
Cost Reduction: This collaboration is expected to lower infrastructure costs and improve scalability for Gaxos.ai, which in turn is projected to enhance gross margins and drive profitability across its AI solutions in health, wellness, and gaming sectors.
Stock Surge: Following the announcement of the partnership with ByteDance, Gaxos.ai's shares surged nearly 55% in opening trades, indicating strong market confidence in the strategic collaboration and reflecting investor optimism about the company's growth potential.
AWS Funding Support: Gaxos.ai also received funding from Amazon Web Services (AWS) for its AI-powered sales coaching platform, Gaxos Labs, which is expected to enhance platform security and operational efficiency through features like real-time call transcription and automated coaching insights.

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