Beamr Imaging (NASDAQ: BMR) stock jumped during intraday trading Wednesday after launching its Beamr Cloud solution on the Oracle Cloud Marketplace.
Beamr Imaging has announced the availability of its Beamr Cloud solution in the Oracle Cloud Marketplace, achieving Powered by Expertise status. This integration brings enhanced video processing capabilities, optimized for AI applications, to Oracle Cloud Infrastructure (OCI) customers.
Beamr Cloud offers customers high-quality, fast, and scalable video optimization and transformation using Beamr’s patented Content-Adaptive-Bitrate solution (CABR). This technology, supported by NVIDIA accelerated computing, ensures optimized video processing performance.
The NVIDIA L40S GPU, featured in this solution, includes advanced third-generation RTX accelerated ray-tracing technology, alongside three encode and three decode engines. With the addition of AOMedia Video 1 (AV1) encoding, the L40S GPU achieves 30% more efficient video encoding than traditional H.264 formats using the same hardware and software, thereby enhancing performance and optimizing the total cost of ownership.
Customers utilizing Beamr Cloud on OCI gain the ability to convert videos into the AV1 format, facilitating the modernization of large-scale video libraries. As video consumption continues to rise across industries such as AI, broadcasting, streaming, and user-generated content, transitioning to AV1 from older formats like AVC / H.264 is crucial to meet evolving standards and demands.
The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking reliable business applications and services. It offers solutions that complement Oracle Fusion Cloud Applications and now includes Beamr Cloud, extending its portfolio with advanced video processing capabilities.
The Powered by Oracle Cloud Expertise designation underscores Beamr Imaging’s commitment to delivering reliable solutions on OCI. This recognition assures customers that Beamr Cloud meets Oracle Cloud Infrastructure SLA standards, ensuring consistent performance and providing full access and control over cloud infrastructure services.
Beamr Imaging (NASDAQ: BMR) Stock Price Action
On Wednesday, BMR stock surged 18.86%, closing at $5.23, marking a 24.52% increase for the week. The trading volume was 56,342,167 shares, significantly higher than the average daily volume of 1.43 million.
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