Xylo: Metagramm Successfully Completes Development of Advanced AI-Powered Writing and Grammar Product
Xylo Technologies announced that its 19.99% owned subsidiary, Metagramm Software, completed the development of Bubbl, an advanced AI-powered writing tool. Bubbl employs Machine Learning, Natural Language Processing, and Deep Learning to offer personalized text writing and rewriting, setting it apart from other AI tools. The tool features a clean design and various user modes, including interactive re-write and grammar-only modes. It supports multiple writing profiles, such as Business, Medical, Academic, and Blogging, each with tailored assistance. Bubbl will launch for select users in Q3 2024.
- Xylo's subsidiary, Metagramm, achieved a significant milestone with the completion of Bubbl.
- Bubbl offers unique personalized text writing, distinguishing it from other AI tools.
- The tool supports multiple writing profiles (Business, Medical, Academic, Blogging), enhancing its versatility and market reach.
- Bubbl will be available for select users in Q3 2024, indicating a timely market entry.
- Xylo only owns a 19.99% stake in Metagramm, potentially limiting financial gains.
- The initial launch is to select users, possibly delaying broader market adoption.
- No financial projections or revenue expectations were disclosed for Bubbl.
Insights
Metagramm's completion of the Bubbl tool represents a significant advance in the field of AI-driven writing aids. Unlike traditional AI writing tools, Bubbl's application of Machine Learning, Natural Language Processing (NLP) and Deep Learning technologies aims to produce more human-like written content. The tool’s focus on personalized text creation separates it from competitors that often generate generic outputs.
The feature to operate in various modes (such as re-write floating window mode) and the ability to cater to different writing needs (e.g., Business, Medical, Academic) showcases Bubbl's adaptability and potential wide user base. Such versatility could attract different market segments, potentially increasing Metagramm’s market share and, by extension, benefiting Xylo.
From a technical perspective, the inclusion of translation and editing into other languages is noteworthy. This feature could open global markets and expand user adoption. However, the success of Bubbl will heavily depend on user feedback during its initial launch phase in the third quarter of 2024. A smooth and effective rollout will be critical for establishing its reputation and market position.
Bubbl's entry into the market could disrupt the AI writing tool industry, which is currently dominated by a few major players. Its unique selling point of personalized and customizable text creation aligns with a growing consumer demand for more human-like AI interactions. The potential for adoption across different sectors (Business, Medical, Academic, Blogging) hints at a broad addressable market.
Investors should monitor the user feedback and the subsequent adoption rates closely. A successful initial launch could lead to significant revenue streams for Metagramm and by extension Xylo, considering their 19.99% stake in the company. Furthermore, tapping into international markets with the translation features could diversify revenue streams and mitigate regional market risks.
However, it is important to remain cautious. Market penetration will depend on how well Bubbl is received compared to established tools and the company's ability to market and support the new product effectively. Investors should also consider potential competition responses, as established players may introduce similar features to retain their market position.
The new product offers unique capabilities of custom personalized text writing, different from common AI writing tools.
TEL AVIV, Israel, May 28, 2024 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo”), a technology-based company engaged in advanced innovative technologies, announced today that Metagramm Software Ltd. (“Metagramm”) (
Bubbl offers an innovative document writing and rewriting solution that enables content creation with personalized and customized text tailored to the user's unique way of expression—unlike widely used AI tools that often produce machine-like results. Users can also request their desired content to be translated and edited into other languages.
In an effort to offer an unrivaled user experience, Bubbl has been crafted with a minimalistic and clean design, resulting in a non-invasive writing tool. It allows users to operate in different modes, including an interactive re-write floating window mode, interactive inline mode and grammar-only mode.
Moreover, Bubbl is designed to cater to a variety of writing needs with different profiles and features, including Business, Medical, Academic and Blogging. Each profile incorporates tailored assistance tools that greatly facilitate the writing process for each specific profile.
Metagramm plans on launching the first version, for selected users, during the third quarter of 2024.
About Xylo
Based in Israel, Xylo Technologies Ltd. (Nasdaq: XYLO) is a technology company that is focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce, and electric vehicle markets. Xylo’s affiliations in the medical solutions arena include ownership in Polyrizon Ltd. Xylo’s affiliates in digital commerce include Gix Internet Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics, Inc. and Revoltz Ltd. are also part of the Company’s portfolio of technology solution providers. Other affiliations of the Company include ParaZero Technologies Ltd. and Zig Miami 54 LLC.
Xylo is traded on the Nasdaq Capital Market. To learn more about Xylo’s advanced technologies, please visit https://ir.xylotech.ai/
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Xylo’ current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Xylo could differ materially from those described in or implied by the statements in this press release. For example, Xylo uses forward looking statements when describing the potential of Metagramm’s products to impact content creation.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the SEC. Except as otherwise required by law, Xylo undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Xylo is not responsible for the contents of third-party websites.
Company Contact:
Tali Dinar
Chief Financial Officer
ir@xylotech.ai
Investor Relations Contact:
Michal Efraty
Investor Relations,
michal@efraty.com
FAQ
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