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Top AI Stocks to Watch Under $5

IVDA SOUN BBAI POET

Artificial intelligence has emerged as a dominant theme over the past year, with the stock market rapidly recognizing its potential. Companies across various sectors are integrating AI solutions into their core business models to reduce costs, enhance performance, and explore new market opportunities. The global AI market is set for explosive growth, projected to reach $826 billion by 2030, driven by a compound annual growth rate of 28.46% from 2024 to 2030, according to Statista. This growth is reflected in the technology sector's performance, with the Nasdaq-100 Technology Sector index soaring 69% since the start of 2023, largely fueled by advancements in AI. With AI’s rapid expansion creating new opportunities, these four stocks under $5 could be worth exploring in this evolving sector. Iveda Solutions, Inc. (NASDAQ: IVDA) is at the forefront of the smart city and video surveillance revolution, leveraging its innovative cloud-based AI technology to redefine safety, security, and operational efficiency. With a robust portfolio of solutions, Iveda is making significant strides in various sectors, from public safety to fluid management. The company’s launch of the IvedaAI Cloud Subscription back in May marked a significant milestone in democratizing AI-powered video surveillance. This service transforms existing IP cameras into advanced smart cameras, offering features like facial recognition and intrusion detection. Priced at $99.99 per month, the service is designed to be accessible to a wide range of users, from homeowners to business owners. David Ly, CEO and founder of Iveda, highlights the service’s impact: “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” As the global demand for AI-enhanced surveillance grows, projected to hit $55.22 billion by 2030, Iveda is strategically positioned to capture a significant share of this expanding market. A game-changer in video surveillance, the IvedaAI Cloud Subscription transforms existing IP cameras into advanced AI-driven systems. For just $99.99 per month, users gain access to powerful features such as facial recognition, intrusion detection, and license plate recognition, making high-end security technology accessible to both small businesses and residential users. This democratization of AI technology is expected to capture a significant share of the global IP camera market, projected to reach $55.22 billion by 2030. David Ly, CEO and founder of IVDA, emphasizes, “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” This innovative service marks a significant milestone in making advanced security accessible to a broader audience. In addition to this, Iveda has also introduced the IvedaAI Forensics Desk. Launched in July 2024, the IvedaAI Forensics Desk enhances law enforcement capabilities in the Philippines by providing advanced AI tools for video analysis. Timmy Evangelista, CTO of Iveda Philippines, notes, “The Forensics Desk will truly transform the way local police units handle video evidence,” highlighting its potential to significantly improve crime-solving efficiency. IVDA ’s global expansion is underpinned by strategic partnerships that leverage local expertise to penetrate new markets. The collaboration with the Arab Organization for Industrialization (AOI) and ZeroTech in Egypt exemplifies this strategy. As Egypt embarks on developing 38 new smart cities by 2050, IvedaAI technology is set to play a crucial role in enhancing security and operational efficiency. Beyond the Middle East, IVDA is expanding its footprint in Asia and Latin America. Recent contracts in Vietnam and Taiwan, along with a significant partnership in Latin America, underscore Iveda’s growing international presence and its potential to drive substantial revenue growth in these emerging markets. Iveda Solutions, Inc. (NASDAQ: IVDA) is also making strides in the senior care sector. The integration of IvedaCare with IvedaAI at Waymark Gardens, a senior living facility in Glendale, AZ, is part of a $1.032 billion Veterans Affairs contract for remote patient monitoring. This integration enhances the safety and well-being of seniors by combining IvedaCare’s camera-less sensors with IvedaAI’s real-time video monitoring. David Ly notes, “We’re beginning to see real progress on the VA contract awarded to us in 2023. The integration of IvedaAI at Waymark Gardens is a testament to our technology’s growing value.” Dr. Eric Luster, CEO of Movement Interactive, praises Waymark Gardens as a model for senior living innovation, adding, “Our technology’s success here is driving broader adoption and showcasing real-world benefits.” Residents and staff at Waymark Gardens have responded positively, with one resident stating, “I feel safer knowing that my family is alerted in case of any issues, and IvedaCare’s technology gives us peace of mind.” Iveda Solutions (NASDAQ: IVDA) stands at the intersection of AI, video surveillance, and smart city technology. With a robust portfolio of products and a series of strategic global partnerships, Iveda is uniquely positioned to capitalize on the growing demand for AI-driven security solutions. As the company continues to expand its market reach and enhance its product offerings, it presents a compelling opportunity for investors interested in this emerging segment. SoundHound AI (Nasdaq: SOUN) is positioning itself as a dominant force in the conversational AI space, offering cutting-edge voice solutions to a wide range of industries. Its proprietary technology powers millions of interactions annually across automotive, customer service, and IoT sectors, with products like Smart Answering and Dynamic Drive-Thru driving the company’s reputation for speed and accuracy. In Q2 2024, SOUN reported record revenue of $13.5 million, a 54% increase from the previous year. CEO Keyvan Mohajer noted this as a "milestone quarter," highlighted by the acquisition of Amelia, a move that expanded SoundHound’s reach across verticals like banking and Fortune 500 companies. Post-acquisition, SoundHound now serves 200 marquee customers globally, accelerating its presence in the generative AI-powered customer service market. The company’s success is reflected in its financial strength. With a cumulative booking backlog of $723 million, SoundHound nearly doubled its customer commitments year-over-year. Its gross margins reached 67%, and the firm boasts a cash balance of $201 million after paying down $100 million in debt. The company’s raised revenue guidance for 2024 targets $80 million, with expectations to climb further to $150 million by 2025. SoundHound’s (Nasdaq: SOUN) voice AI is being integrated into six Stellantis brands, including Peugeot and Alfa Romeo, across multiple languages. It also signed a contract with a U.S. EV manufacturer to implement its AI assistant fleet-wide, marking a significant breakthrough in the automotive sector. Partnerships with Perplexity and Connex2X enhance SoundHound’s AI reach across connected vehicles and devices. BigBear.ai (NYSE: BBAI) stands out as a prominent player in the AI sector, particularly in areas such as national security, digital identity, and supply chain management. The company's recent developments showcase its strategic position and the potential for significant growth in the AI-driven decision intelligence market. BigBear.ai’s strategic initiatives, such as the development of the ConductorOS platform, highlight the company's commitment to delivering cutting-edge solutions. ConductorOS, designed to work seamlessly within any existing infrastructure, underscores BigBear.ai's focus on enabling AI integration in highly complex and distributed environments. The company's signing of a Master Service Agreement (MSA) with Heathrow Airport further cements its role in providing advanced technologies for critical infrastructure. This partnership not only enhances security and operational effectiveness but also aligns BigBear.ai with major players in the transportation sector, a crucial step for expanding its market presence. BigBear.ai reported a 3.4% increase in revenue for the second quarter of 2024, reaching $39.8 million, compared to $38.5 million in the same quarter of 2023. This growth was driven by higher-margin solutions and the integration of revenue from its Pangiam acquisition. The gross margin also improved to 27.8% from 23.3% year-over-year, signaling a positive trend in profitability despite the planned wind-down of the Air Force EPASS program. However, the company faced challenges, including the timing of customer awards and regulatory approvals, which led to a downward adjustment of its full-year guidance to $165–$180 million. While the net loss decreased to $11.7 million from $16.9 million in the previous year, the ongoing non-recurring integration costs and strategic initiatives continued to impact the bottom line. BigBear.ai's recent contract wins and partnerships underscore its expanding influence across various sectors. The company's collaboration with Concept Solutions in the FAA’s Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract is particularly noteworthy. This multiple-award IDIQ contract, with a shared ceiling of $2.4 billion over ten years, positions BigBear.ai as a critical partner in delivering IT solutions and emerging technologies to the FAA. Additionally, BigBear.ai’s involvement in significant projects like the DoD’s T-REX-24-2 event and its partnerships with major airports, such as Heathrow and Dallas Fort Worth International Airport, showcase its growing role in implementing AI-powered solutions in critical infrastructure. These developments contribute to a robust backlog, which stood at $266 million as of June 30, 2024. As artificial intelligence (AI) continues to reshape industries and drive technological advancements, POET Technologies Inc. (NASDAQ: POET) (TSX Venture: PTK ) is emerging as a key player in this transformative wave. Specializing in high-speed optical modules and engines, POET’s innovations are essential for meeting the skyrocketing demands of AI and hyperscale data centers. At the heart of POET’s offerings is the POET Optical Interposer, a groundbreaking platform that integrates electronic and photonic devices into a single chip. This revolutionary technology not only reduces costs and power consumption but also enhances performance and scalability—critical factors as AI systems grow increasingly complex and data-intensive. POET’s recent expansion of its partnership with Luxshare Technology Co. Ltd. underscores its growing influence in the AI sector. The collaboration will see POET’s advanced optical engines incorporated into Luxshare Tech’s 400G and 800G transceivers, catering to the high-speed communication needs of AI networks. This development follows the successful testing of POET’s 800G 2xFR4 OSFP modules, highlighting the company’s ability to deliver cutting-edge solutions that keep pace with rapid technological advancements. POET recently secured $15 million through equity capital and an additional $10 million from a registered direct offering, boosting its cash reserves to approximately $28.7 million. These funds position POET for continued growth and innovation, while its recognition as the “Best Optical AI Solution” at the AI Breakthrough Awards solidifies its status as a leader in the field. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of content related to IVDA. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website https://razorpitch.com/

August 22, 2024 05:00 AM Eastern Daylight Time

Navigate your Investment Roadmap with Select Sector SPDR ETFs

Select Sector SPDR

In an era where market dynamics shift as swiftly as the winds, Select Sector SPDR ETFs remain a beacon for investors aiming to harness the potential of sector-specific investments. Tailored to meet the diverse needs of both individual and institutional investors, these ETFs chart a course for strategic portfolio management by distilling the vast S&P 500 into accessible segments. Focused Investment Across Diverse Sectors Select Sector SPDR ETFs stand out by offering a focused approach to investing, breaking down the broad landscape of the S&P 500 into key sectors. This segmentation allows investors to pinpoint their investments according to specific economic areas, aligning their portfolios with their investment goals, risk assessments, and market perspectives. Below is a glimpse into the diverse holdings that form the core of the Select Sector SPDR ETFs: Communication Services Select Sector SPDR Fund (XLC): Zooms in on the telecommunications and media sectors, capturing the pulse of digital communication. Consumer Discretionary Select Sector SPDR Fund (XLY): Targets the vibrant consumer goods and services sector, from retail giants to entertainment behemoths. Consumer Staples Select Sector SPDR Fund (XLP): Focuses on essential consumer goods and services, providing stability in fluctuating markets. Energy Select Sector SPDR Fund (XLE): Powers through with a dedicated look at the energy sector, from fossil fuels to renewable resources. Financials Select Sector SPDR Fund (XLF): Encompasses the robust banking, investment, and insurance industries, the backbone of economic infrastructure. Health Care Select Sector SPDR Fund (XLV): Centers on the pharmaceuticals, healthcare equipment, and services sectors, addressing global health needs. Industrials Select Sector SPDR Fund (XLI): Broadens the horizon with manufacturing, construction, and logistics firms. Materials Select Sector SPDR Fund (XLB): Covers the foundational chemicals, construction materials, and packaging industries. Real Estate Select Sector SPDR Fund (XLRE): Opens doors to commercial real estate services and REITs. Technology Select Sector SPDR Fund (XLK): Accelerates into the information technology and electronics sectors, powering innovation and connectivity. Utilities Select Sector SPDR Fund (XLU): Illuminates the path with utility companies, ensuring the flow of essential services. A Path for Strategic Investment By offering a lens through which to invest in specific sectors, Select Sector SPDR ETFs enable investors to steer their portfolios with confidence and clarity. The ETFs’ commitment to transparency and strategic focus empowers investors to adapt and thrive amidst the ebb and flow of market conditions. In the evolving landscape of the financial markets, Select Sector SPDR ETFs stand as a testament to the power of targeted investment. Through detailed sector analysis and dedicated portfolio exposure, these ETFs offer a distinguished pathway for those seeking to refine their investment strategies with sector-specific allocations. About Select Sector SPDR ETFs Select Sector SPDR ETFs are a series of exchange-traded funds designed to provide investors with an effective way to engage in sector-specific investment strategies. By segmenting the S&P 500 into distinct sectors, Select Sector SPDR ETFs furnish investors with the tools necessary for targeted and strategic investment decisions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007734 EXP 10/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

August 22, 2024 05:00 AM Eastern Daylight Time

Brief Filed in Opposition to Warren Buffett’s Attempt to Get Lawsuit Dismissed

NLPC

On Monday the National Legal and Policy Center filed its brief in federal court in Omaha, Nebraska opposing Warren Buffett ‘s and Berkshire Hathaway ‘s motion to dismiss NLPC’s lawsuit filed in May to hold them accountable for having NLPC’s Chairman, Peter Flaherty, arrested at Berkshire’s 2023 Annual Meeting. Mr. Flaherty’s presentation, as part of the meeting agenda, supported NLPC’s shareholder proposal to have the positions of Chairman and CEO be held by separate individuals, as a matter of good corporate governance. As part of his presentation, Mr. Flaherty criticized Mr. Buffett’s billions of dollars of support to the Bill and Melinda Gates Foundation, which promotes the controversial Critical Race Theory teaching that “math is inherently racist,” and a Gender Identity Toolbox, “which asserts that gender is a result of socially and culturally constructed ideas.” Mr. Flaherty also pointed out Bill Gates ‘s relationship with convicted sex offender Jeffrey Epstein, which had been reported in a Wall Street Journal story two days before the meeting. As he spoke, Buffett cut Flaherty’s microphone and ordered his security guards to eject Mr. Flaherty from the arena, who had an Omaha Police officer arrest Flaherty on the spot. “The silencing and arrest of a shareholder who was speaking in favor of a shareholder proposal has never before occurred at an annual meeting of a public company in the United States,” Flaherty said. “We look forward to having our day in court to hold Mr. Buffett and Berkshire Hathaway accountable for their actions,” said NLPC Counsel Paul Kamenar. It is expected that the federal court will rule in the coming weeks on Berkshire’s motion to dismiss. Click here for NLPC’s Brief. Click here for Exhibit #1 (charge dismissal document). Click here for Exhibit #2 (meeting transcript) Click here for Exhibit #3 (Flaherty Declaration) Click here for NLPC’s original Complaint (May 3, 2024) Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

August 21, 2024 02:00 PM Eastern Daylight Time

Flash ‘Puts Parking on the Map’ with Google Search, Google Maps, and Now Waze

Flash

Flash today announced the full U.S. release of reservable parking transactions in Waze that Flash developed in collaboration with the popular navigation app. Waze joins Google Search and Google Maps in Flash’s growing portfolio of integrations which features parking options with Flash across all three major platforms, including many of the world’s largest parking operators and owners. Together, Flash and Waze set a new standard for how drivers find and pay for parking at 30,000 parking locations in North America. When drivers enter their destinations in Waze, the app now suggests nearby reservable parking locations. Drivers can see important details for selecting their preferred parking location such as cost, amenities, wheelchair-accessibility and valet options. Drivers can reserve and pay for the parking location they choose, and Waze will route them to the selected parking destination where they can access the parking facility with a digital pass. “Driver behaviors and expectations are shifting, and our efforts to embed reservable parking and charging experiences with leading apps and platforms anticipated that shift,” said Dan Roarty, Chief Digital Officer at Flash. “We can help parking asset owners and operators meet drivers in the apps and sites where they plan their travel and bring an end to the era of circling blocks, wasting time and fuel in the search for parking.” Early results prove that allowing drivers to book parking directly in the search and navigation apps they use most is a win for parking owners and operators. Over 90 percent of these drivers are new customers to the parking locations. They make Google parking reservations 8.5 hours in advance and at a median distance of 22.3 miles away from their destination. These customers plan ahead through digital services and trust the navigation apps they already use. “This is an exciting time in the parking industry as Flash continues to partner with Parkway to make our customer experience more seamless and integrated than ever,” said Robert Zuritsky, Parkway President and CEO. “Parkway is thrilled to see reservable parking at our locations made available through these services. Flash understands our business and continually innovates to deliver new channels and capabilities that drive additional customers and transactions to us.” Flash’s integrations with Waze, Google Search and Google Maps unify operators’ availability and pricing data and performance metrics across these Google properties. These properties join Flash’s growing integration footprint alongside existing relationships with Ticketmaster, hundreds of major event venues and automakers like Mercedes Benz and Hyundai. Flash’s flexible developer tools and payment configurations support the integration of Flash experiences into a wide range of interfaces, from desktop and mobile browsers to mobile apps, connected car dashboards and enterprise applications for employee parking and fleets. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Note to the editor: Find b-roll footage and animation of the user experience in Waze for use at the included links. A list of selected reservable parking options for landmarks in major cities is available by request. Contact Details Razor Sharp PR Ian Thomas +1 512-822-5490 ian@razorsharppr.com Company Website https://www.flashparking.com/

August 21, 2024 09:49 AM Central Daylight Time

Airship AI (NASDAQ: AISP) Marks Six Months On The NASDAQ: Russell 2000 Inclusion, Company Projects Triple-Digit Growth For 2024

Benzinga

By James Blacker, Benzinga Redmond, Washington-based artificial intelligence company Airship AI (NASDAQ: AISP) seems to have quickly made its mark in the AI-driven surveillance technology space since its bourse debut six months ago. Specializing in synthesizing vast amounts of data from surveillance cameras and sensors, the company uses AI to provide real-time actionable insights for its customers across a range of sectors, including law enforcement, defense, logistics and retail. In a recent interview with Benzinga, Airship AI President Paul Allen shared the latest updates from the company. Public Offering And Q2 Results Airship AI was founded in 2006 but only debuted on the NASDAQ in December 2023 through a special purpose acquisition company (SPAC). As Allen explained, the company’s decision to go public via a SPAC rather than an IPO was driven by a need for financial transparency, particularly in securing large government contracts. Having the backing of Wall Street gives Airship AI a competitive edge against large established defense contractors, as it reassures potential clients that the company has the financial stability to deliver on large-scale projects. The decision to go public appears to be paying off, with Airship AI’s latest financial report showing its growth over the second quarter. The company reported net revenues of $6.4 million, a gross profit of $4.5 million, a gross margin of 70% and a positive operating income. Allen noted that it has made significant progress toward its target of achieving triple-digit year-over-year revenue growth and being cash flow positive. Russell 2000 Inclusion: A Key Milestone Airship AI announced in July that it has been added to the Russell 2000 index, a benchmark for small-cap companies in the U.S. This achievement is a testament to its growth potential and a signal of confidence in the company’s future, with Allen pointing to its project pipeline and current opportunities as reasons for this confidence. While its shareholder base comprises mostly retail investors at present, the company’s inclusion in the Russell 2000 is expected to widen its exposure to institutional investors, which could open avenues for more significant investment. Harnessing AI For Real-World Impact The transformative potential of AI has been one of the main stories of the market recently, and Airship AI is using this technology to address some of the biggest challenges in safety and security. Applying advanced AI techniques to video data management, the company focuses on computer vision, object edge detection and real-time data analysis to enable its clients to make fast decisions in high-stakes situations. For example, Airship AI’s technology can be used to track a suspect’s movements, track packages on conveyor belts, or monitor public areas for unusual activity. Airship AI’s platform could even predict potential problems before they occur, offering its clients an invaluable level of foresight. Recent Contracts Airship AI has already attracted several high-profile clients, including awards from commercial and government entities. Most recently, the company announced on 25 June that it has been awarded a contract extension within the Department of Justice, which uses Airship AI’s Acropolis Enterprise Sensor Management video and data management platform to investigate and counter threats to national security. Also in June, the company announced a six-figure contract with a separate DOJ agency for its Acropolis platform. In the same month, Airship AI announced another six-figure contract with a Fortune 100 company in the transportation and e-commerce sector. The company will use the Acropolis platform to support operational and physical security requirements. Looking Ahead Allen highlighted Airship AI’s recent participation in the NASDAQ closing bell ceremony in May as a symbolic moment for the company, serving as a celebration of its first few months as a public company, and of the hard work and dedication it took to bring the company to this point. The company sees a big demand for its technology, with a market that is projected to grow to over $40 billion by 2030. With its recent financial performance exhibiting growth and its robust pipeline of projects, Airship AI seems well-positioned to capitalize on the growing demand for AI-driven surveillance and data management solutions. To find out more about Airship AI, visit its website. Read More Airship AI Makes Its Debut On The Nasdaq After Completing Merger With BYTE Acquisition Corp. Airship AI Awarded Contract With DOJ Agency, Marking Second Big Government Contract Win Since December IPO Featured photo by PhotoMIX Company on Pexels. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 21, 2024 08:15 AM Eastern Daylight Time

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Caddis Cloud Solutions and Ultrascale Digital Infrastructure Forge Strategic Alliance to Revolutionize Data Center Technology

Caddis Cloud Solutions

Caddis Cloud Solutions, a leading global advisory firm in data center development, cloud capacity sourcing, and end-user deployment, announces a strategic partnership with Ultrascale Digital Infrastructure, an experienced, cutting-edge technology company dedicated to creating advanced, sustainable and customized data center solutions. Together, Caddis and Ultrascale are poised to revolutionize the data center industry by providing clients with innovative, sustainable and comprehensive solutions ready for the Age of AI. This partnership marks a significant step forward in addressing the unprecedented challenges of digital infrastructure and modern data center operations. Caddis’ expertise in comprehensive data center development combined with Ultrascale’s innovative cooling and sustainable design technologies enable clients to activate a robust suite of services including site master planning, capital partner management, strategic data center development, cloud capacity sourcing, end-user deployment, and patented immersion cooling solutions. Ultrascale's immersion cooling technology provides data centers with unmatched efficiency and sustainability by reducing energy consumption by up to 70%, while eliminating the need for water and toxic chemicals associated with traditional data centers. These comprehensive solutions are designed for both new constructions and existing facilities, allowing for phased implementation to minimize disruption and downtime. “Ultrascale Digital Infrastructure and Caddis Cloud Solutions share an innovative spirit and core philosophy that make this new partnership a natural match,” said Arnold Magcale, founder and CEO of Ultrascale Digital Infrastructure. “We’re both deeply committed to holistic solutions that are uniquely designed to stand the test of time, rather than cookie-cutter fixes that can leave clients behind the curve - scrambling to catch up. Ultrascale’s sustainable cooling technology and customizable data center designs are a perfect complement to Caddis’ ground-breaking real-estate infrastructure approach. We’re excited to begin partnering with the top talent at Caddis and look forward to delivering exceptional results for our clients.” “Partnering with Ultrascale Digital Infrastructure allows us to elevate our service offerings and provide our clients with innovative and sustainable data center solutions,” said Scott Jarnagin, founder and CEO of Caddis Cloud Solutions. "Most traditional data centers rely on freshwater cooling systems to manage the heat generated by electronic equipment, but those systems are costly and waste massive amounts of water. By incorporating Ultrascale’s advanced cooling technology, we can continue to deliver solutions that significantly reduce energy consumption and environmental impacts, setting a new benchmark for the industry.” The new alliance will help clients confidently navigate the rapidly evolving data center market while delivering the sustainable, reliable and customizable outcomes needed to withstand the test-of-time. The partnership is effective immediately. About Caddis Cloud Solutions Caddis Cloud Solutions is a premier global advisory firm specializing in strategic Data Center development, cloud capacity sourcing, and end-user deployment. With over 25 years of experience in bridging the gap between cloud capacity supply and demand, the firm ensures clients – from hyperscalers to enterprises, to cloud infrastructure providers, data center developers and operators, and others – receive tailored solutions for their cloud infrastructure needs. Caddis aims to form long-term partnerships with clients that extend beyond single engagements. For more information, please visit: www.caddiscloud.com About Ultrascale Digital Infrastructure Ultrascale Digital Infrastructure is a visionary technology company founded with a single purpose: to deliver the most innovative, sustainable and customizable data center solutions on the market, without compromising its core commitment to the environment. Ultrascale technology is strategically engineered to empower tomorrow’s data centers – today, while also supporting individual business executives, entrepreneurs, innovators, creators, government leaders, NGO’s and disenfranchised communities across the globe. But Ultrascale isn’t stopping here on planet earth. Ultrascale designs are already being used by its partners in space. For more information visit UltrascaleDI.com. Contact Details Kite Hill PR Lara Schembri +1 202-262-5311 lara@kitehillpr.com Company Website https://caddiscloud.com/

August 20, 2024 09:00 AM Eastern Daylight Time

LogicMark (NASDAQ: LGMK) Makes Expansion Push With Mobile Personal Safety App Aster As It Pivots From Medical Alerts With CPaaS Model

Benzinga

By Gerelyn Terzo, Benzinga The recent terror scare at Taylor Swift’s Vienna concerts has thrust personal safety into the spotlight around the globe. Security is big business, as the personal safety and security device market in 2023 was worth over $45.2 billion and is projected to surpass $133.7 billion by year-end 2036. LogicMark (NASDAQ: LGMK) is at the forefront of transformative software technology that works to help make people feel safer wherever they may be. LogicMark aims to disrupt the personal emergency response systems (PERS) market by applying its transformative technological innovation to this area. As part of its transformation, the company has recently been expanding its product pipeline into new markets. Known for its Freedom Alert Pendant, the maiden two-way voice communication device that connects directly to emergency workers via 911 and supports multiple contacts, LogicMark has been known as a hardware company since its inception in the early 2000s. As an early mover in the PERS segment, LogicMark makes its offerings available across price points to customers. Now the company has expanded into direct-to-consumer (DTC) and subscription-based services, where it continues to evolve its capabilities across connected technology and medical alert products, including PERS offerings. The company says its latest innovation is ahead of its time. For example, PERS solutions are known for their reactive technology, responding to emergencies that are already taking place, which is groundbreaking in its own right. However, LogicMark’s latest service goes on offense, harnessing connected and predictive technology with algorithms that are able to anticipate a user’s falls and other issues before they even happen. In 2024, the company reinvented itself from a pure hardware play to a subscription-based services model in which it offers multiple layers of services, thereby diversifying its revenue streams beyond those generated by hardware and accessories. To reflect its expanding portfolio, LogicMark pioneered the Caring Platform as a Service (CPaaS) market segment, even coining the phrase in a nod to the software-as-a-service (SasS) niche. CPaaS is a market that has emerged amid the rise of mobile ride-share apps, mobile dating sites and other technologies that can create potentially vulnerable situations for users. With a tech-centric leadership team in place, LogicMark is making its mark in the internet of things (IoT) and the rising care economy. LogicMark Launches Safety App Aster In early 2024, as a part of its pivot from a singular focus on medical alerts to a broader one on personal safety, LogicMark expanded its product portfolio with the launch of the Aster safety mobile application. With a heightened focus on growing its sales in the online and direct-to-consumer (DTC) segments, LogicMark’s app added another revenue stream from a new market to its business model while broadening its offerings to support the safety needs of a growing population. Perhaps more importantly, with the Aster app, LogicMark has expanded its footprint into a new total addressable market under the personal safety umbrella through which it has the potential to generate multiple revenue streams. For example, the company envisions adding additional services to the app. Thanks to Aster, LogicMark’s addressable market now extends beyond the care economy for seniors to potentially reach the global population. Safety app Aster is a subscription-based software application that’s available on both the Apple and Google Play stores. This software solution is akin to having a group of buddies, one that the company affectionately refers to as a village, in your back pocket, whether it’s friends, sorority sisters, parents, neighbors etc. In return, users gain peace of mind in any situation while staying connected to their own personal village. Quite literally, LogicMark’s Bluetooth button, which is no bigger than an AirTag, can be physically clipped to any key chain or bag as well as fitting in small pockets or adorned on clothing. Coupled with the Aster app, it acts as a quick-access emergency device – helping solve a problem for not just seniors but all Americans who want to feel safer. LogicMark CEO Chia-Lin Simmons stated in the company’s fourth-quarter earnings release, “Aster is an excellent example of how our Caring Platform as a Service (CPaaS) model can be leveraged to launch other internet-of-things (IoT) solutions.” LogicMark says its Aster app only scratches the surface of the potential of the CPaaS market, as the software technology can be harnessed to produce other IoT Solutions. Aster is the company’s maiden use case for the CPaaS model from which it plans to introduce fresh IoT solutions to protect the safety of users while also allowing family, friends and caregivers to stand watch over others from afar. LogicMark says that given its early mover status, the company has a market share advantage in this field. Investors who are interested in participating in the potential continued growth of this technology company can gain a glimpse of past performance in LogicMark’s stock chart here. While a corporate transformation can result in volatile fundamentals, some analysts believe that the company has momentum on its side as sales “comparisons become more apples to apples,” per Zack’s small-cap stock research. If you’ve got further questions about investing in LogicMark, contact the company’s investor relations team for more information. Featured photo by wiredsmartio on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 20, 2024 08:30 AM Eastern Daylight Time

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BestGrowthStocks.Com Issues a Comprehensive Analysis of Richtech Robotics

RR - Richtech Robotics

NEW YORK, NY / NewsDirect / August 20th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Richtech Robotics, Inc. a Nevada company and a provider of AI-driven service robots. Richtech Robotics, Inc. (NASDAQ: RR) has garnered significant investor attention following the announcement of the official installation of their robotic solution ADAM at the Texas Rangers’ Major League Baseball stadium, Globe Life Field. BestGrowthStock.Com recently issued a comprehensive analysis of Richtech’s operations, competitors and competitive advantages, potential catalysts, growth drivers, financials, share structure, estimated cash runway, chart setup with support and resistance levels, and more. Access this full analysis free: https://bestgrowthstocks.com/access-richtech-robotics-analysis/ Access this full analysis and bonus AI report with no obligation: https://bestgrowthstocks.com/access-richtech-robotics-analysis/ About Richtech Robotics Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Their mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, they aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at https://www.richtechrobotics.com/ and connect with them on X (Twitter), LinkedIn, and YouTube. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.com SOURCE: BestGrowthStocks.Com Contact Details BestGrowthStocks.Com Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

August 20, 2024 07:05 AM Eastern Daylight Time

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Rezolve Debuts On Nasdaq And Looks To Level Up E-commerce With AI-Powered Sales Engine

Benzinga

By Gerelyn Terzo, Benzinga E-commerce has been around for decades, with early movers Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) still making their mark on the industry today. Over the years, the e-commerce landscape has ballooned, with the U.S. boasting nearly 14 million e-commerce platforms as of 2023. Predictions see the industry capturing 41% of global retail sales by 2027, compared with 18% in 2017, according to the Boston Consulting Group. However, in order for that growth to become a reality, the industry must integrate greater efficiencies, especially in this age of generative artificial intelligence (AI) that has spread like wildfire, owing to the rise of ChatGPT. But over the last decade or so, the e-commerce industry has struggled to change with the times. As a result, e-commerce sites are finding would-be customers abandoning their online carts more often than not. In a blow to online retailers, roughly 70% of shoppers who go through the e-commerce process wind up dropping out of the checkout flow before completing the purchase. Rezolve AI – Investor Presentation July 2024 from Rezolve on Vimeo. While this may be due to a change of heart, or finding the product cheaper elsewhere, it often comes down to the customer suddenly questioning an important product feature like power outlet compatibility, the answer to which they simply couldn’t find online. Rather than risk having to return the item later, they leave the site and the sale is lost. Generative AI, which powers chatbots like ChatGPT, has the potential to deliver the change that is needed to modernize the e-commerce industry and close more sales. However, as retailers grapple with AI development, they are often left paralyzed due to the massive amounts of investment in technology and talent that is required to bring their systems up to speed. Fortunately, UK-based Rezolve AI (NASDAQ: RZLV) has emerged to service small and mid-size merchants, large e-commerce platforms, and large retailers and Payment Service Providers with AI-powered software-as-a-service (SaaS) solutions that can streamline the purchasing journey and address a costly problem that has plagued e-commerce for years. The company’s financial model is designed to generate attractive software revenue and margins from business customers with a monthly fixed SaaS fee structured around three tiers and based on their respective search volumes. Resolve intends to hit the ground running by scaling into the large geographic markets of North America and Europe, growth markets such as the Middle East, including a Memorandum-of-Understanding with the Kingdom of Saudi Arabia for an AI-Center of Excellence, as well as established and new industries organically and through distributors and partnerships. Today, the company has agreements with Adobe, ACI Worldwide, Handlerbund, and others. Led by e-commerce and SaaS-veteran Dan Wagner, Rezolve AI has been around since 2016 and began trading on the Nasdaq on Aug. 11, 2024. E-commerce Challenges To further understand the disconnect between consumers and online retailers, it helps to envisage the traditional way of shopping. Upon visiting a men’s clothing store in search of a blue suit, a middle-aged customer explains their desire to the salesperson, including details on preferences like suit material, color, size, button placement, etc. In response, the sales representative brings back several options most closely fitting those criteria. However, when reintroducing this scenario to the e-commerce world, the results are much broader. Upon entering “blue men’s suit” into the search bar, the shopper is bombarded with infinite possibilities, some of which involve low-waisted pants that are popular with the Gen Z crowd. By attempting to drill down the results by filtering, they run the risk of omitting certain features that would be useful had the shopper known they existed. On the other end of the spectrum, let’s say an online shopper is in the market for a new mobile device. However, without knowing a megabyte from a gigabyte or a plasma screen from an OLED display, this customer may often be confused. Search results are presented by highlighting these very features, and without knowledge of them, chances are the customer won’t be able to make an informed decision. As a result, the online shopper could end up spending hours researching the differences between the latest iPhone and Samsung devices just to learn what Rezolve’s Brain chatbot could have told them conversationally and much shorter time spent. Rezolve’s Proprietary AI-Powered Brain Chatbot Rezolve’s proprietary AI solution, dubbed Brain Commerce, is designed to improve the e-commerce experience. The software solution has been programmed with foundational models involving search, technology, taxonomies and data that can recognize and respond to everyday questions, like, ‘Which device do you recommend, the iPhone 14 or Samsung Galaxy S24?’ in real time. Brain’s automated response recommends a product with supporting reasons for each choice. As a result, customers receive engagement similar to what they would find in a live setting. That’s because Brain knows almost everything about the products, as it has already consumed all of the information in the user manuals as well as customer reviews. “Brain Commerce is the best salesman for digital channels and it’s a real step up on what we have today,” stated Rezolve’s Wagner, adding that it solves real problems for merchants and e-tailers, like people dropping out of a retailer’s checkout flow. But that is not where the Brain solution ends. Brain Checkout, which is similarly powered by AI, supports fast and immediate checkout capabilities with a tap, making it convenient and seamless for customers to finish what they started. Brain Checkout also boasts watermark technology that can be embedded into images or audio, paving the way for customers to interact with ads that capture their attention from a mobile device, then enabling them to add grocery products to their cart or schedule a test drive for a BMW. Rezolve AI Looks To Capitalize On Transition To AI 2.0 Generative AI-related stocks have had the winds in their sales this year; a momentum that is expected to continue. The AI 2.0 theme focuses on adopters. Industries such as customer service, health care, finance and logistics are poised for significant transformation through AI. As a result, now is an advantageous time for merchants and companies associated with this proprietary technology to join the action and build their competitive advantage. That is precisely what Rezolve is pursuing under the leadership of Wagner, who has a history of bringing companies to both the Nasdaq and London Stock Exchange. Rezolve’s public listing on the Nasdaq was the result of a business combination with Armada Acquisition Corp ( NASDAQ: AACI), a special purpose acquisition company. Rezolve AI trades on the Nasdaq market under the ticker symbol RZLV. Featured photo by Mohamed_hassan on Pixabay Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 19, 2024 09:00 AM Eastern Daylight Time

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