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Robo.ai (AIIO) shares were up roughly 102% in Thursday trading after the company said its Neurovia AI unit has launched NeuroStream, a data compression platform aimed at reducing the cost and bandwidth demands of AI-driven visual data.
The company said the technology can shrink large video files by up to 95% without compromising quality, enabling faster processing and lower storage costs for machine vision applications.
NeuroStream uses vectorization and AI-based optimization to maintain resolution and frame rate while improving data efficiency, Robo.ai said. It is designed to work with existing video formats without requiring decompression software, it added.
Robo.ai said the platform is suited for sectors such as autonomous driving, robotics and smart cities, where high volumes of visual data need to be processed in real time.
Price: $5.52, Change: $+2.91, Percent Change: +111.49%