Street Calls of the Week
Investing.com -- Eightco Holdings Inc. (NASDAQ:ORBS) stock soared 24.4% in premarket trading Friday after the company announced the launch of a new pilot program focused on advancing AI authentication for enterprise clients.
The initiative aims to identify and develop innovative approaches to address emerging identity and verification challenges as businesses scale their use of artificial intelligence. Through strategic investments and partnerships, including what the company describes as a "first-of-its-kind Worldcoin treasury," Eightco is working to develop a universal framework for digital identity and authentication.
"With trillions of dollars being invested in AI, the lack of scalable human-proof authentication has become a critical enterprise challenge," said Dan Ives, Chairman of Eightco Holdings Inc. "Over the last month, we’ve heard from many enterprise technology vendors that are seeking secure, verifiable identity solutions as they scale AI workloads and applications."
The company’s new program will help businesses analyze single sign-on capabilities and verification pathways across the expanding digital landscape. Eightco stated that authentication and trust form the foundation of its long-term strategic vision as it collaborates with technology partners to address these challenges.
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