Global Mofy AI Limited - GMM STOCK NEWS

Global Mofy AI (Nasdaq: GMM) has successfully closed a $2.5 million private placement financing on October 31, 2024. The company issued 5,000,000 Class A ordinary shares and 10,000,000 warrants, with each warrant exercisable at $3.00 per share for a 5-year term. The proceeds will fund the development of their generative AI platform, R&D initiatives, administrative operations, talent acquisition, and working capital needs. The company will file a registration statement with the SEC for the resale of the shares and warrant-exercisable shares.

Global Mofy AI (Nasdaq: GMM) showcased its generative AI product Gausspeed at NVIDIA's forum during CNCC2024 in Hengdian, Zhejiang. The presentation demonstrated Gausspeed's capabilities in video synthesis and 3D asset generation, featuring its algorithms for creating high-quality interactive 3D models and video content from text inputs. The system serves multiple industries including film, OTT, smart city, medical, and virtual tourism. During a live demonstration, Gausspeed showcased its real-time rendering capabilities and platform interoperability. The technology aims to reduce production costs and time by automating video and 3D digital asset creation processes.

Global Mofy AI (Nasdaq: GMM), a generative AI-driven technology solutions provider, participated in the 'Discover Beautiful China in Huzhou' university talent recruitment event in Ningxia, China. The company, along with its Century Mofy Vocational Education Institute, engaged with emerging talent from various universities, showcasing opportunities in generative AI and digital content creation.

CEO Haogang Yang emphasized the event's importance in attracting talent for their Gausspeed technology and building connections with future innovators. Global Mofy's participation reinforces its position as a leader in generative AI technology and 3D digital content, while investing in the next generation of AI talent to drive future growth and innovation in the digital economy.

Global Mofy Metaverse (Nasdaq: GMM) CEO Haogang Yang participated in SIGGRAPH 2024 in Denver, Colorado, upon invitation from NVIDIA China. The event focused on generative AI and computer graphics advancements. Yang attended keynotes by NVIDIA CEO Jensen Huang and Meta CEO Mark Zuckerberg, exploring AI's transformative potential in creating virtual worlds and digital content.

NVIDIA introduced enhancements to Universal Scene Description (OpenUSD) and new NVIDIA NIM™ microservices for improved generative AI capabilities. Global Mofy's Gausspeed platform, built on NVIDIA Omniverse and OpenUSD, showcased the integration of AI with standardized creation processes for videos and 3D digital assets. This technology enables the development of high-fidelity, scalable, and interoperable digital content for global brands.

Global Mofy Metaverse (Nasdaq: GMM), an AI-driven technology solutions provider, has reported record financial results for the six months ended March 31, 2024. Key highlights include:

• Revenue up 55.3% YoY to $19.9 million
• Gross profit increased 135.1% YoY to $11.8 million
• Gross margin expanded to 59.3% from 39.2%
• EPS surged 1537.9% to $0.37

The company has undergone a strategic transformation to embrace AI technology, developing tools like the Gausspeed platform. Global Mofy has expanded globally with offices in Beijing, Zhejiang, and California, and established a $69 million fund for growth opportunities in AI, digital economy, and entertainment sectors.

Global Mofy Metaverse (Nasdaq: GMM) reported impressive financial results for the six months ended March 31, 2024. Revenue surged 55.3% to $19.9 million, while gross profit increased by 135.1% to $11.8 million. The company's EPS soared by 1537.9% to $0.37. These record-breaking results were attributed to strong demand for high-quality digital content and 3D digital assets.

CEO Haogang Yang highlighted the company's focus on AI-driven solutions, including their generative AI platform Gausspeed. Global Mofy has expanded globally, establishing a North American subsidiary, GMM DISCOVERY. The company also plans to launch a $69 million fund for growth opportunities in AI, digital economy, and entertainment sectors.

Global Mofy Metaverse announced the establishment of the Century Mofy Vocational Education Institute in Zhejiang, China, to address the growing need for trained AI talent. This institute aims to develop specialists in AI-generated content and computer graphics. It offers a curriculum that integrates industry practices with coursework, covering areas like algorithm engineering, data labeling, and visual effects. Students will gain hands-on experience by working on commercial projects and collaborating with industry professionals. The institute features expert faculty and advanced facilities, ensuring students are well-prepared for careers in the digital entertainment industry. Top-performing students may join Global Mofy or be recommended for industry positions.

Global Mofy Metaverse (Nasdaq: GMM) has announced a $69 million fund through its subsidiary, Global Mofy (Beijing) Technology, in collaboration with strategic partners Yangzi Culture and Tourism Holding Group and Beijing Hengyun International Private Equity Fund. This fund aims to drive growth in the AI, digital economy, and entertainment sectors. Both Global Mofy and Yangzi will contribute to the initial funding. Global Mofy will also participate in investment decisions and coordinate industry resources. The fund will start assessing investment prospects in the latter half of 2024.

Global Mofy Metaverse , listed as Nasdaq: GMM, is pioneering the next generation of content creation with its AI-driven platform, Gausspeed. Developed in collaboration with Heartdub and integrated with NVIDIA Omniverse Cloud API, Gausspeed revolutionizes film production by enhancing predictability, control, and efficiency. The platform offers industrial-grade cinematic production standards, storyboard scripting technology, previsualization capabilities, real-time physics rendering, and deep integration with NVIDIA Omniverse Cloud API, positioning the company as a leader in technological innovation in digital entertainment.