What’s Going on with Fobi Ai Inc?
Fobi Ai Inc (FOBIF) has just announced that it has entered into a data consulting agreement with Canada’s Azincourt Energy to help Azincourt develop a big data and operational intelligence platform related to the mining and exploration sector.
Yesterday, Sept. 23, FOBIF stock closed at $2.39 a share, representing a 2.85% decrease in price.
What Does This Mean for FOBIF?
Azincourt specializes in the strategic acquisition, exploration and development of alternative energy sources like lithium and uranium.
According to a press release, Fobi will now assist Azincourt by introducing “the use of artificial intelligence applications and data mining techniques that analyze large amounts of aggregated data” to detect patterns and consistencies (not obvious otherwise). Fobi’s AI and big data operational applications will be the basis for this new platform, designed to help the Azincourt “achieve more impactful drill holes in less time, and with less cost.”
“This partnership with Fobi AI gives Azincourt the opportunity to apply leading-edge technologies to our efforts at East Preston [Saskatchewan, Canada],” Azincourt CEO Alex Klenman commented. “I think it’s incumbent upon us to utilize leading-edge exploration techniques to help guide us toward significant discoveries.”
FOBIF has a Short-Term Technical Rank of 98. Find out what this means to you and get the rest of the rankings on FOBIF!
Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.
