Ever since Reddit users managed to change the way traders looked at stocks by driving up the value of shares of companies,
Datametrex AI Ltd. (TSX-V: DM, OTC: DTMXF, Forum) has been working on an artificial intelligence (AI) solution to help people understand this trend better.
DM announced on Thursday that its platform NexaSMART (Social Media Automated Reporting Technology) will allow for a deeper analysis and understanding of how social media can influence over stock prices. Nexalogy will soon add Reddit and other data sources in order to expand AI interpretation of such trends. It can summarize stock winners and losers and the gist of discussions without human input.
The Company’s Chief Executive Officer, Marshall Gunter stated that data collection began at the end of January.
“We are happy to report that NexaSMART will include Reddit and other data sources as of Q2 2021. This will expand our offering and capitalize of the new information environment reflected in the Reddit events.” To read more details on this platform, click
here.
Members of Datametrix’s senior management team will provide an update for on developments of AI technologies such as this, as well as COVID-19 test kits at its upcoming
investor update webinar on Tuesday, February 9th, 2021, at 1:30 pm EST.
FULL DISCLOSURE: Datametrex AI Ltd. is a client of Stockhouse Publishing.