STOCK TITAN

SCOPE AI ENGAGES WITH AD AGENCIES AND NETWORKS TO OPTIMIZE GEM PLATFORM

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
AI
Rhea-AI Summary

Scope AI Corp. (CSE: SCPE, OTCQB: SCPCF, FSE: VN8) announced a collaboration with leading ad agencies and networks to optimize its GEM (General Enterprise Machine Learning) platform. This initiative aims to gather insights into challenges faced by these organizations, particularly in analyzing ad creatives and page layouts. The feedback will help refine GEM's AI-driven visual recognition and neural network technology, enhancing its market fit and value for advertisers, brands, and Adtech providers. CEO James Young emphasized the importance of addressing real-world challenges to ensure GEM meets specific industry needs. Scope AI is also expanding its development team to integrate this feedback and drive innovation in the advertising technology sector.

Positive
  • Collaboration with leading ad agencies and networks could enhance GEM platform's relevance and effectiveness.
  • Gathering real-world feedback ensures GEM addresses actual industry pain points, increasing market adoption potential.
  • Focus on AI-driven visual recognition and neural networks aligns with current Adtech trends, potentially attracting more users.
  • Expansion of the development team suggests a commitment to innovation and sustained growth.
  • Potential for increased return on ad spend and streamlined processes, making GEM an attractive solution for advertisers.
Negative
  • No concrete financial data or timelines provided, creating uncertainty about the project's immediate impact.
  • Risk of over-reliance on external feedback, which may not fully align with broader market needs.
  • Unclear how the collaboration will directly translate into revenue growth or stock performance improvements.
  • Absence of detailed performance metrics or past success stories for the GEM platform.

VANCOUVER, BC, May 30, 2024 /PRNewswire/ -- Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is excited to announce its collaboration with several leading ad agencies and ad networks. This initiative aims to gain insights into the primary challenges these organizations face in analyzing the efficacy of different ad creatives and page layouts, as well as the difficulties and costs associated with testing.

These friendly collaborations are part of Scope AI's commitment to ensuring that the functionality and features of its GEM (General Enterprise Machine Learning) platform are the best market-product fit. By engaging directly with industry professionals, Scope AI is gathering critical feedback to refine and enhance GEM's capabilities, making it a more valuable tool for advertisers, brands, agencies, and Adtech service providers.

GEM, Scope AI's flagship product, is designed to revolutionize the advertising technology sector through advanced AI-driven visual recognition and neural network technology. The platform will enable users to streamline processes, maximize return on ad spend, and analyze user behavior through custom neural networks without the need for expensive and risky live campaign testing.

"Our approach is to start with the pain points of our potential users and build solutions based on those insights," said James Young, CEO of Scope AI Corp. "We believe in understanding the real-world challenges faced by our partners, rather than falling into the common software trap of 'build it and they will come.' This collaboration ensures that GEM is not just another tool, but a solution that addresses the specific needs of the advertising community."

Scope AI's commitment to innovation and user-centric development is further evidenced by its expanding development team, which is focused on incorporating feedback from these collaborations into the GEM platform. By doing so, Scope AI aims to deliver cutting-edge AI solutions that drive growth, productivity, and campaign performance in the advertising technology sector.

About Scope AI Corp.:

Scope AI Corp. is a leading technology company headquartered in Vancouver, British Columbia, dedicated to advancing the field of artificial intelligence. With a focus on visual recognition and neural network technology, Scope is committed to empowering businesses and industries with innovative solutions that drive growth and innovation.

For more information please visit Scope AI Corp., info@scopetech.ai, or follow along on social media.

LinkedIn: scope-ai-corp
Facebook: Scope AI Corp
Twitter: https://twitter.com/ScopeAICorp

Contact Information 
James Young, Chief Executive Officer
(604) 416-1720
james@scopetech.ai

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's prospectus dated August 10, 2022, a copy of which is available under the Company's profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. For more information on the risks, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the risk factors set out in the Company's prospectus dated August 10, 2022, a copy of which is available under the Company's profile on SEDAR at www.sedar.com. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Logo - https://mma.prnewswire.com/media/2414853/4733184/Scope_AI_Corp_logo.jpg

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/scope-ai-engages-with-ad-agencies-and-networks-to-optimize-gem-platform-302158642.html

SOURCE Scope AI Corp.

FAQ

What is the stock symbol for Scope AI Corp.?

Scope AI Corp. trades under the symbols CSE: SCPE, OTCQB: SCPCF, and FSE: VN8.

What is the GEM platform by Scope AI?

The GEM platform is an AI-driven tool designed to optimize ad creatives and page layouts using visual recognition and neural network technology.

When did Scope AI announce its collaboration with ad agencies and networks?

Scope AI announced the collaboration on May 30, 2024.

How will Scope AI's collaboration with ad agencies benefit the GEM platform?

The collaboration aims to gather insights and feedback to refine GEM's capabilities, making it more valuable for advertisers and Adtech providers.

What is the goal of the GEM platform?

The GEM platform aims to streamline processes, maximize return on ad spend, and analyze user behavior without the need for expensive live campaign testing.

SCOPE TECHNOLOGIES CORP

OTC:SCPCF

SCPCF Rankings

SCPCF Latest News

SCPCF Stock Data

49.38M
43.42M
13.94%
6.02%
Software - Application
Technology
Link
United States of America
Vancouver