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BEAVERTON, Ore. - IBM (NYSE:IBM) has committed multi-million dollar resources to support Datavault AI Inc. (Nasdaq:DVLT), according to a press release statement issued by the data monetization company on Monday. The announcement has sparked investor interest, with DVLT shares showing remarkable momentum, gaining over 165% in the past week.
The commitment will allocate engineering, technical sales and quantum computing expertise to support Datavault AI’s platform development and market initiatives. The collaboration aims to integrate capabilities from IBM’s watsonx.ai and watsonx.governance into Datavault’s offerings. With a current market capitalization of $127.2 million and trailing twelve-month revenue of $4.44 million, Datavault AI has demonstrated strong revenue growth of 148% year-over-year.
"Bringing our resources to support Datavault’s mission will help drive the data monetization of which companies of all sizes can take advantage," said Biz Dziarmaga, Head of Americas AI Partnerships at IBM.
Datavault AI, headquartered in Beaverton, Oregon, focuses on AI-driven data experiences, valuation, and monetization through its cloud-based platform. The company operates through Acoustic Science and Data Science divisions, with technologies covering audio transmission and data monetization.
"We are honored by IBM’s trust and investment in Datavault AI, and we will meet that commitment with extensive quality assurance and precision delivery of our patented solutions worldwide," said Nathaniel T. Bradley, Chief Executive Officer of Datavault AI.
The press release cited McKinsey & Company projections that generative AI could add between $2.6 trillion and $4.4 trillion in annual revenue across key business applications.
The collaboration represents IBM’s strategic move into the growing field of enterprise data monetization, with Datavault AI positioning itself as a platform for valuing and scoring data assets for customers through its patented technologies.
In other recent news, Datavault AI Inc. has made several significant announcements that could impact investors. The company has reported a major $150 million stock and warrant deal with Scilex Holding, which will be paid in Bitcoin. This agreement involves the sale of 15,000,000 shares and a pre-funded warrant for an additional 263,914,094 shares, pending stockholder approval. Additionally, Datavault AI has amended its agreement with IBM, adjusting the payment schedule for software subscription licenses, with a notable $2,500,000 payment toward previously agreed program payments.
In another development, EOS Technology Holdings has converted a $3.2 million note into 10 million shares of Datavault AI stock. This transaction highlights a connection between the two companies, as Nathaniel Bradley serves as CEO for both. Furthermore, Datavault AI shareholders have approved the issuance of up to 5 million shares under a waiver agreement, allowing the company to bypass certain transaction provisions temporarily. These recent developments underscore the company’s ongoing financial and strategic maneuvers.
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