Hey, we have news, is this likely to get us out of the penny category?
Mobilum to license, resell AI software
2024-01-29 18:56 ET - News Release
Mr. John Henderson reports
MOBILUM TECHNOLOGIES INC NEGOTIATING RIGHTS FOR PROVEN AI SOFTWARE, CUSTOMER ADVISOR
Mobilum Technologies Inc. has made a strategic move into the field of artificial intelligence (AI). The company has entered into a novel co-operation agreement starting with the licensing and reselling of the Customer Advisor software in North America, a product developed by BlockchainLab PLC.
The Customer Advisor software, known as CADV, already in use by financial institutions for several years, is purported to leverage advanced AI models providing personalized financial advice to customers. CADV interprets customer data and behaviours generating personalized advice and product recommendations. Thereby enabling businesses to provide a more tailored and efficient service.
Mobilum Technologies is currently investigating the CADV software and is optimistic in its ability to transform the on-line customer experience. In addition to the reselling agreement, Mobilum is also seeking the rights to purchase the source code of the Customer Advisor software, enabling it to further tailor the AI models to better fit the specific needs of the United States and Canadian markets.
"We are eager to provide proven AI technologies," said John Henderson, interim chief executive officer of Mobilum. "The Customer Advisor software appears readily commercialable as it has been in use by some financial institutions in Europe. This is an exciting development for this company. This represents our first deal of this nature whereby we are building new capacities in AI," he continued.
The company and BlockchainLab PLC shall work together to formalize an agreement which shall set out the details and terms of the collaboration.