Jiuzi to Collaborate With AI Imaging Company; Shares jump

MT Newswires Live07-10 22:15

Jiuzi Holdings (JZXN) said Friday it plans to sign a cooperation agreement with an unnamed AI imaging and data platform company.

The venture is projected to yield roughly $1 million in earnings during its initial phase and will focus on deploying automated visual recognition, content labeling and cloud system integration, the company said.

Jiuzi said there is no assurance that it will enter the agreement, complete the initial cooperation project, realize the expected profit, or achieve any of the anticipated strategic or commercial benefits.

Shares of the company were more than 120% higher in Friday trading.

Price: 2.67, Change: +1.50, Percent Change: +128.21

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