The current trading session witnesses a noteworthy surge in the stock of Gaxos.AI Inc (NASDAQ: GXAI), soaring by 103.38% to $10.82 in the latest assessment. This upward trend in Gaxos’ stock value is attributed to a strategic acquisition move.
Gaxos.AI (GXAI) has formally announced its acquisition of exclusive rights to employ specific AI-driven technology from the distinguished biohacking application, “Ultiself.” The primary objective behind this acquisition is to bolster the development of technological infrastructure for Gaxos Health.
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The amalgamation of Ultiself’s proprietary technology into the envisaged product line of Gaxos Health is anticipated to facilitate enhanced personalization and user engagement, perfectly aligning with the contemporary consumer preferences for tailored and efficient solutions. Such a strategic initiative is poised to expedite the developmental trajectory of Gaxos Health, thereby consolidating its foothold within the health and wellness sector.
By securing the utilization rights for this advanced technology, Gaxos is poised to expedite the refinement of its AI-powered application catering to the Gaxos Health product portfolio. This technology aims to empower GXAI to offer a more bespoke approach towards providing dietary, nutritional, and tracking solutions to its clientele.
The integration process is slated to commence forthwith, with collaborative efforts from both teams to ensure a seamless transition. Gaxos remains steadfast in its commitment to harnessing this innovative technology to deliver substantial value to its customers and stakeholders alike.
In a recent development, Gaxos Health has established a Medical Advisory Board, comprising esteemed professionals, to furnish invaluable insights into product development and strategic opportunities. Dr. Nate Lebowitz, M.D., has been appointed as the Chairman of this esteemed Advisory Board.
The formation of the Medical Advisory Board underscores GXAI’s dedication to pursuing excellence in catering to Gaxos Health’s requirements. Leveraging the expertise of a panel of medical experts will be instrumental in guiding the company towards delivering optimal products and advancing its core mission of maximizing shareholder value.
