Global Mofy Metaverse (NASDAQ: GMM) stock surged about 60% in intraday trading Tuesday following the announcement of a partnership with Heartdub to develop an advanced generative AI platform.
Gauss AI, a wholly-owned subsidiary of Global Mofy Metaverse (GMM), announced on Tuesday that it has joined forces with Heartdub, a prominent U.S.-based provider of physical simulation technology, to develop Gausspeed. Gausspeed is an innovative generative artificial intelligence (AIGC) platform tailored for film production, video generation, and other content creation within the digital entertainment sector.
This collaboration will harness the power of Nvidia Omniverse and Nvidia RTX GPUs to drive the development of Gausspeed, enabling enhanced capabilities and performance.
Mr. Haogang Yang, CEO of Global Mofy Metaverse, expressed the significance of this collaboration in reshaping the filmmaking production process and enhancing the entertainment experience. He stated,
“As technology reshapes the entire filmmaking production process and entertainment experience, content creators face extensive challenges. Optimizing traditional workflows in digital entertainment through technological innovation to drive industry advancement is a shared goal among global film production companies, which represents a major opportunity and market expansion for us. Our strategic partnership with Heartdub gives us a competitive advantage, where we execute on a shared vision and leverage our combined resources and technologies, along with leaders like NVIDIA, to transform filmmaking, while creating meaningful near and long-term value for all of our shareholders.”
Global Mofy Metaverse (NASDAQ: GMM) Stock Price Action
GMM stock soared 59.09% to close at $1.48 on Tuesday. Its value has risen by 70.11% this week. Trading activity has witnessed 80,369,600 (80.36 million) shares changing hands, well above the average daily volume of 1.69 million.
