By Don Nico Forbes
Alpha Modus filed a lawsuit against Walgreens for what it called patent infringement concerning its AI-driven retail technology.
The technology company said a patent for its AI retail technology--which is designed to enhance in-store shopping through data-driven insights, interactive advertising and consumer engagement tools--is being infringed by Walgreens' Cooler Screens digital smart screens.
"We believe our technology is currently being used by scores of brands, retailers and technology providers. Our research demonstrates that, as a result, damages due Alpha Modus far exceed an estimated $500 million and could easily run into the billions over the life of our patents," Chief Executive William Alessi said.
Alpha Modus shares were up nearly 25% in premarket trading at $2.61.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
February 04, 2025 08:30 ET (13:30 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。