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Global Mofy Metaerse Limited Ordinary Shares - $GMM STOCK NEWS

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Rhea-AI Summary

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.

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Global Mofy Metaverse (Nasdaq: GMM) collaborates with Heartdub to develop Gausspeed, a generative AI platform using NVIDIA Omniverse and RTX GPUs. The platform allows for streamlined film production, enhancing collaboration and efficiency within the entertainment industry. Gausspeed offers advanced scene generation capabilities, empowering creators to preview designs, customize virtual scenes, and generate high-quality video sequences, ultimately optimizing the filmmaking process.

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59.09%
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Global Mofy Metaverse (Nasdaq: GMM) has secured an agreement to provide virtual technology services to a top content creator in China. The deal involves using Mofy Lab, the company's digital asset development platform, to enhance virtual scene construction for an upcoming TV show. This partnership aims to streamline production, reduce costs, and improve the overall entertainment experience. CEO Haogang Yang sees this as a significant milestone in establishing Global Mofy as a leader in the digital content development space.
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0.11%
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Global Mofy Metaverse (Nasdaq: GMM) adopts OpenUSD as the standard for digital asset development, endorsed by industry leaders like NVIDIA and Meta. This strategic move is expected to enhance operational efficiencies and open new revenue streams, positioning the company for increased profitability in the evolving digital marketplace.
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0.72%
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Global Mofy Metaverse (Nasdaq: GMM) showcased its expertise at China’s 2024 Fashion Week, emphasizing the integration of fashion, AI, and the Metaverse to drive sustainable growth and customer satisfaction. The Company highlighted the transformative potential of Metaverse and AI technologies in the fashion industry, aiming to enhance customer experiences and operational efficiencies. Global Mofy's proprietary MOFY LAB technology platform enables the creation of high-quality 3D digital assets, positioning the Company as a key player in innovating the fashion industry and meeting personalized demands.
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2.78%
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Global Mofy Metaverse (Nasdaq: GMM) announced strategic cooperation discussions with a medical university in Beijing, focusing on merging Metaverse and AI technologies with traditional healing methods. The partnership aims to revolutionize healthcare education and treatments, leveraging virtual reality and data analytics. CEO Haogang Yang highlighted the potential for AI to transform the healthcare sector, emphasizing the need for innovation and efficiency.
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12.22%
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partnership AI
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Global Mofy Metaverse Limited (Nasdaq: GMM) announces the establishment of a new subsidiary, Gauss AI, focusing on AI-generated content monetization. The company aims to leverage its digital asset library and technological innovation to succeed in the rapidly expanding markets of synthetic video content creation. Gauss AI will provide advanced AI solutions to enhance content creation efficiency, intelligence, and innovation at a reduced cost.
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30.69%
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Global Mofy Metaverse Limited (GMM) announces a major new customer order, showcasing accelerated growth driven by the AI revolution. The company reported record-high revenue for fiscal year 2023 with over 56% growth compared to fiscal year 2022.
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Global Mofy Metaverse Limited (GMM) reported record revenues of $26.9 million for fiscal year 2023, marking a 56.4% increase from the previous year. Gross profit and net income also reached historical highs of $14.5 million and $6.6 million, respectively, with a 54% gross margin. Revenue from high margin 3D Digital Asset Licensing business saw a significant increase of 186.3% year over year, reaching $11.5 million.
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Rhea-AI Sentiment
End-of-Day
-13.15%
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Rhea-AI Summary
Global Mofy Metaverse Limited (GMM) reported record financial results for the 2023 fiscal year, with total revenues increasing by 56.4% to $26.9 million. The company achieved a gross profit of $14.5 million and net income of $6.6 million, marking a 54% gross margin. Revenue from high-margin 3D Digital Asset Licensing business increased by 186.3% year-over-year to $11.5 million, accounting for 42.8% of total sales.
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-13.15%
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Global Mofy Metaerse Limited Ordinary Shares

Nasdaq:GMM

GMM Rankings

GMM Stock Data

30.26M
10.02M
61.33%
2.26%
0.67%
Information Technology Services
Technology
Link
United States of America
Beijing