By Owen Tucker-Smith
Rezolve AI shares rose after two companies said they planned spend as much as $500 billion on joint venture to make investments AI infrastructure.
The stock rose 9.4% to $3.13 per share in Wednesday trading. The shares are up 29% in the last five days, but tumbled 72% in the last year.
A group of companies including OpenAI and SoftBank on Tuesday said they would commit $100 billion to artificial-intelligence infrastructure and as much as to $500 billion in the next four years. Their joint venture, known as Stargate, was announced at a White House ceremony with President Donald Trump.
Rezolve, which specializes in e-commerce AI models trained on retail data, said Wednesday the investment would help the company by enhancing current machine learning models, which would in turn advance the company's retail technology.
Rezolve CEO Daniel Wagner will present and host one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Conference on Wednesday and Thursday.
Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com
(MORE TO FOLLOW) Dow Jones Newswires
January 22, 2025 12:55 ET (17:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。