Remark Holdings (MARK) Inks Mega-deal for Its AI Platform
Shares of Remark Holdings, Inc. (Nasdaq: MARK) surged on Friday’s trading session after the company said that China Mobile Ltd. (NYSE:CHL) will deploy its artificial intelligence platform KanKan SmartEyes as part of their IoT infrastructure solutions.
According to the artificial-intelligence-based solutions provider, the new deal with China Mobile IoT represents a multi-million-dollar revenue opportunity for the company over the next 2 years and beyond.
MARK stock closed at $9.32, up +4.72% (or +0.42) with a total volume of 1.84M shares traded during the day.
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