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Auddia Shares Jumps 35%

Shares of Auddia Inc. (AUUD) are gaining nearly 35% on Tuesday morning. The company announced major technology advancements in AI with new audio content processing methodology.

AUUD is currently trading at $3.73, up $0.96 or 34.65%, on the Nasdaq. The stock has traded between $2.21 and $4.56 in the 52-week period.

Auddia claims a major advancement in its proprietary technology at the core of its Artificial Intelligence engine. Auddia says it can reduce the costs of processing audio content for AI training and validation to near zero and concurrently realize vastly superior improvements in accuracy.

The new AI processing methodology gives the company near real-time data processing capabilities which is expected to improve overall performance of the Auddia platform and reduce the onboarding time for stations by a factor of five as the company scales to thousands of stations.

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