There are a number of businesses which are doing exemplary work in the realm of artificial intelligence and one of those is Artificial Intelligence Technology Solutions Inc (OTC AITX). On December 31, the company had been in the news cycle after it announced that the CEO had shared key insights into the major achievements of 2024.
Key Announcements
Steve Reinharz, the CEO of Artificial Intelligence Technology Solutions, released a video in which he noted the achievements. He stated that in 2024 the company had achieved a lot and also clocked significant growth.
The progress was demonstrated in the considerable rise in total revenues and the recurring monthly revenues for the third straight year. The company’s continued growth was attributed to its steadfast commitment to efficient operations, innovative approach and the aim to be the leader in the AI powered security technology space.
Further Information
In the news release, it was also noted that one of the most important milestones that was hit by the company was the transition to the 4th generation technology platforms. That constituted a transition from Intel hardware to NVIDIA hardware. The significant shift made by the company also required considerable development as well as thorough testing for extended periods.
Technicals
| +/- EMA(20) | 0.0026 (-3.85%) |
| +/- SMA(50) | 0.0027 (-7.41%) |
| +/- SMA(200) | 0.0038 (-34.21%) |
| 5-Day Perf. | -3.85% |
| 1-Month Perf. | -10.71% |
| 3-Month Perf. | -21.88% |
| 6-Month Perf. | -56.9% |
| YTD Perf. | +4.17% |
| 1-Year Perf. | -39.02% |
| RSI(14) | 43.73 |
| ATR(14) | – |
| ADX(14) | 18.73 |
| Beta (5Y) | 33.48 |
