Last month the Life Clips Inc (OTCMKTS:LCLP) stock had been one of the major gainers after the company announced that it was getting into the cryptocurrency sector through an acquisition.
However, in recent times, the stock has cooled off a bit and has been trading within a range. That being said, it does not mean that the Life Clips stock is to be ignored. As it happens, the company made a key announcement this past Friday and it is something that investors could look into. The company announced that an artificial intelligence powered interactive assistant named Aili was finally unveiled by its subsidiary company Cognitive Apps Software.
The interactive assistance is meant for understanding, measuring and eventually improving the mental health of people working at any organisation. Mental health awareness has gone up considerably across the world in recent times and nowadays more and more employers are looking into the possibility of using artificial intelligence solutions to improve the mental health of their employees.
It seems that Cognitive Apps Software decided to cash in on that trend. It was a significant announcement from the company and although it did not lead to any move in the Life Clips stock, investors might consider keeping the stock in their watch lists at this point.