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Benzinga

Business

Henry Khederian

Gaxos.AI (GXAI) Shares Pull Back After Surge On New AI Platform Launch

Artificial Intelligence

History Of Pulling Back

Shares of Gaxos.AI Inc (NASDAQ:GXAI) are pulling back Wednesday morning, potentially due to profit-taking, after Tuesday’s rally. The stock soared yesterday following the company’s announcement of its new artificial intelligence platform, Art-Gen.AI.

What To Know: Per Gaxos.AI, the Art-Gen.AI platform is an image and video creation tool designed to serve a wide range of high-growth sectors. According to the company, the platform combines state-of-the-art AI models from industry leaders like Google and Stability AI with Gaxos’s own proprietary enhancements. Gaxos.AI says this allows users to generate hyper-realistic images and animated video content from simple text prompts or reference images.

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