Welcome to our dedicated page for Fobi Ai news (Ticker: FOBIF), a resource for investors and traders seeking the latest updates and insights on Fobi Ai stock.
Fobi AI Inc. (OTCQB: FOBIF, TSXV: FOBI) is a data and AI technology company that regularly issues news about its real-time data platforms, mobile-wallet engagement tools, and Web3-ready solutions. The company’s updates provide insight into how it is applying artificial intelligence, data intelligence, and digital credentials to support clients across retail, sports, healthcare, insurance, sports and entertainment, casino gaming, hospitality and tourism, and other regulated industries.
Readers of the Fobi AI news feed can expect announcements on new product launches and platform enhancements, such as the company’s integrated event registration and digital ticketing platform and its Agentic AI initiatives. Fobi has highlighted developments like its FIXYR Agentic AI customer service and technical support platform, which is built on Fobi’s enterprise large language model infrastructure and integrated with its mobile wallet ticketing and analytics capabilities.
The company also publishes news on strategic frameworks and business model evolution, including the Fobi AI 3.0 structure that aligns consulting, licensing, and subscription activities under an AI-native professional services and implementation model. Corporate updates may cover revenue model details, operational efficiency measures, and organizational changes, such as finance team restructuring or technology leadership appointments.
In addition, Fobi’s news often addresses partnerships and market expansion efforts, including collaborations in cybersecurity and data verification, participation in international technology events, and transactions such as the sale of its German subsidiary with associated licensing arrangements. Investors and observers who follow Fobi AI’s news page can use these releases to understand how the company is positioning its AI and data intelligence offerings, how it is approaching digital transformation and mobile wallet engagement, and how corporate and regulatory developments may relate to the FOBIF stock.
Fobi AI Inc. announced its selection by GPJ, a leading event marketing agency, to implement its Wallet pass solution for INEOS’ upcoming vehicle launch. This project, initiated on July 18, 2021, supports a global roadshow for the INEOS Grenadier 4x4, expected to generate revenue this quarter and ongoing monthly recurring revenue from Wallet pass licenses. With INEOS generating $61 billion annually and GPJ serving over 40 Fortune 500 clients, this partnership positions Fobi for increased revenue opportunities and future contracts.
FOBI AI Inc. (TSXV: FOBI) (OTCQB: FOBIF) provided a corporate update highlighting significant initiatives despite pandemic challenges. CEO Rob Anson noted successful completion of multiple pilot projects with major retailers, including Sobeys and Certas. The company has achieved a robust balance sheet and is on track to uplist to major exchanges by Q4 2021. A recent private placement raised over $10.42 million, further strengthening financial resources. Notably, Passcreator achieved $161,630 CDN in revenue for Q1, reflecting a 188% year-over-year increase, supported by expanding partnerships with major clients.
Fobi AI Inc. announces the appointment of Jolie Summers as its new VP of Product, effective June 21, 2021. Summers brings over a decade of experience, having transformed products in various sectors, including healthcare and e-commerce, while working with companies like Lululemon and NTT Data. CEO Rob Anson emphasized that her expertise aligns with Fobi's growth strategy and will enhance its product offerings in data intelligence and IoT. This strategic hire aims to boost Fobi's market position and customer engagement as it continues its trajectory of innovation.
Fobi AI Inc. (TSX.V: FOBI) has announced a partnership with CareSpace.AI to deploy the Fobi Wallet pass technology across North American higher education institutions. This collaboration aims to facilitate secure COVID-19 vaccination verification and enhance contactless services for students. Additionally, Fobi established a multi-year reseller agreement with TELUS, allowing the telecom giant to market Fobi's solutions to its extensive customer base. This partnership is expected to significantly boost Fobi's growth opportunities and streamline service delivery.
Fobi AI Inc. (FOBIF) has signed a licensing agreement with CareSpace.AI to integrate its real-time venue management solution into over 100 North American college campuses. This partnership aims to facilitate secure COVID-19 vaccination validation and contactless transactions through the Fobi Wallet pass technology. With about 19 million students in the US, the potential market for this solution is substantial. The collaboration also enhances student engagement and safety, leveraging CareSpace's healthcare expertise alongside Fobi's data analytics capabilities.