Gaxos.ai Inc. - GXAI STOCK NEWS

Gaxos.ai announced its participation in the upcoming AI Summit New York, scheduled for December 11th-12th in New York City. The company, which develops artificial intelligence applications across various sectors, aims to engage with development communities, gamers, and industry leaders to enhance their AI products. CEO Vadim Mats expressed enthusiasm about the company's participation in the event.

Gaxos.ai Inc. has launched Gaxos Labs, an advanced AI solution for game developers and publishers. This new tool offers a suite of features to accelerate development, enhance creativity, and increase revenue. Key components include:

1. A proprietary generative AI asset editor and Unity plugin for quick creation and management of AI-generated assets.
2. A player-facing generative AI offering that allows players to create custom content in-game.
3. Integration with top AI-generation tools like Dall-E, Stability.ai, and Meshy.

Gaxos Labs aims to streamline the creation of images, textures, masks, icons, and other assets, while also providing a new revenue stream through player-generated content. The company has released several games to showcase these features, including Space Striker AI and Battle Fleet AI.

Gaxos.ai Inc. (NASDAQ: GXAI), an AI applications developer, has announced a definitive agreement for the exercise of existing warrants. The agreement involves:

- Purchase of 1,256,734 shares of common stock
- Reduced exercise price from $5.50 to $2.58 per share
- Issuance of new unregistered warrants for 2,513,468 shares
- New warrants exercisable at $2.33 per share

The offering is expected to close around September 23, 2024, generating approximately $3.24 million in gross proceeds. Gaxos plans to use the net proceeds for working capital and general corporate purposes. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

Gaxos.ai, an artificial intelligence applications developer, has announced its participation in the Unite 2024 Conference from September 18th to 20th in Barcelona, Spain. This event, organized by Unity, brings together development communities, gamers, and industry leaders.

CEO Vadim Mats expressed enthusiasm about the opportunity to engage with key stakeholders and foster relationships that could drive growth for Gaxos' AI offerings. The company's presence at this significant industry gathering underscores its commitment to expanding its reach and influence in the AI sector.

Interested parties can arrange meetings with Gaxos representatives or make press inquiries by contacting press@gaxos.ai.

Gaxos.ai, an artificial intelligence applications developer, has announced its participation in two major gaming conferences in Cologne, Germany. The company will attend the Devcom Developer Conference from August 18th to 20th and the Gamescom Conference from August 21st to 25th, 2024.

CEO Vadim Mats expressed enthusiasm about the opportunity to engage with developers, industry leaders, and gamers. Gaxos aims to establish meaningful connections and grow its AI product for game developers and publishers. Interested parties can arrange meetings or press inquiries by emailing press@gaxos.ai.

Gaxos.ai has announced the commercial launch of Gaxos Health, marking its transition from development to revenue generation. The company recorded its initial revenue this week, signaling a significant milestone. Gaxos Health aims to optimize human performance through personalized health and wellness plans using science and technology.

The offering includes biomarker testing, customized nutrition plans, fitness routines, supplement plans, and live coaching. CEO Vadim Mats expressed enthusiasm about the launch, emphasizing the company's goal to become a leader in the personalized health services industry. Gaxos Health plans to expand its services with AI-enabled applications and additional health and wellness offerings.

Gaxos.ai (GXAI) has announced strategic partnerships with leading testing laboratories for its Gaxos Health division. This move is a significant step towards the commercial launch of their personalized health and wellness solutions. CEO Vadim Mats expressed excitement about the partnerships, highlighting their potential to transform the health and wellness experience for clients.

These collaborations are important for Gaxos Health's mission to optimize human performance through customized health plans and coaching, leveraging science and technology. The partnerships are expected to enhance Gaxos' ability to deliver impactful, personalized results to its clients, marking a pivotal milestone in the company's development.

On July 10, 2024, Gaxos.AI, a firm specializing in AI applications, announced a partnership with Meshy to integrate AI-generated 3D models into its solutions for game developers and publishers. This collaboration aims to deliver high-quality 3D assets, enhancing the toolkit available to game developers. Vadim Mats, CEO of Gaxos.AI, expressed enthusiasm about the partnership's potential to make their product an essential resource for the gaming industry. Ethan Hu, CEO of Meshy, highlighted the opportunity to provide innovative tools that simplify the creation of detailed and immersive 3D models for users.

Gaxos.AI has announced the successful completion of its AI solution development for game developers and publishers. The solution aims to enhance revenue opportunities and expedite game development processes. The AI product is currently in closed beta, being tested by independent developers. Key features include AI-powered creativity, reducing asset development time from hours to minutes, seamless integration with Unity and upcoming support for Unreal Engine, dynamic content generation through User-Generated-AI-Content (UGAiC), and customized solutions with tailored AI models and consulting services. The company aims to leverage this advancement to deliver shareholder value.