Global Mofy AI Ltd Stock Price, News & Analysis

Global Mofy Metaverse (Nasdaq: GMM), an AI-driven technology solutions provider, has reported record financial results for the six months ended March 31, 2024. Key highlights include:

• Revenue up 55.3% YoY to $19.9 million
• Gross profit increased 135.1% YoY to $11.8 million
• Gross margin expanded to 59.3% from 39.2%
• EPS surged 1537.9% to $0.37

The company has undergone a strategic transformation to embrace AI technology, developing tools like the Gausspeed platform. Global Mofy has expanded globally with offices in Beijing, Zhejiang, and California, and established a $69 million fund for growth opportunities in AI, digital economy, and entertainment sectors.

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.