GMEX Robotics Plans Acquisition of Social-Intelligence AI Platform

MT Newswires Live

07/14

GMEX Robotics (GMEX) signed a non-binding letter of intent to acquire an artificial intelligence platform focused on social-intelligence AI and human behavioral modeling, the company said Tuesday.

The proposed cash-and-stock acquisition would strengthen the company's AI capabilities by adding social world models for human interaction across healthcare, education, hospitality, retail and other sectors.

GMEX said it plans to further invest in the platform's data, architecture and deployment capabilities to support the commercialization of its robotics and AI technologies.

GMEX Robotics shares were down over 7% in premarket activity Tuesday.

Price: 1.77, Change: -0.10, Percent Change: -5.35

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