Global Mofy Metaverse Limited - GMM STOCK NEWS

Global Mofy Metaverse (Nasdaq: GMM) reported impressive financial results for the six months ended March 31, 2024. Revenue surged 55.3% to $19.9 million, while gross profit increased by 135.1% to $11.8 million. The company's EPS soared by 1537.9% to $0.37. These record-breaking results were attributed to strong demand for high-quality digital content and 3D digital assets.

CEO Haogang Yang highlighted the company's focus on AI-driven solutions, including their generative AI platform Gausspeed. Global Mofy has expanded globally, establishing a North American subsidiary, GMM DISCOVERY. The company also plans to launch a $69 million fund for growth opportunities in AI, digital economy, and entertainment sectors.

Global Mofy Metaverse announced the establishment of the Century Mofy Vocational Education Institute in Zhejiang, China, to address the growing need for trained AI talent. This institute aims to develop specialists in AI-generated content and computer graphics. It offers a curriculum that integrates industry practices with coursework, covering areas like algorithm engineering, data labeling, and visual effects. Students will gain hands-on experience by working on commercial projects and collaborating with industry professionals. The institute features expert faculty and advanced facilities, ensuring students are well-prepared for careers in the digital entertainment industry. Top-performing students may join Global Mofy or be recommended for industry positions.

Global Mofy Metaverse (Nasdaq: GMM) has announced a $69 million fund through its subsidiary, Global Mofy (Beijing) Technology, in collaboration with strategic partners Yangzi Culture and Tourism Holding Group and Beijing Hengyun International Private Equity Fund. This fund aims to drive growth in the AI, digital economy, and entertainment sectors. Both Global Mofy and Yangzi will contribute to the initial funding. Global Mofy will also participate in investment decisions and coordinate industry resources. The fund will start assessing investment prospects in the latter half of 2024.

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.

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.

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.

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.

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.

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.