Latest news with #RezolveAI
Tahawul Tech
4 days ago
- Business
- Tahawul Tech
'We are creating the best salespeople on the planet through conversational AI.' – Daniel Wagner, CEO of Rezolve AI
CNME Editor Mark Forker sat down with British tech entrepreneur Daniel Wagner, to find out how his company Rezolve AI is harnessing the power of conversational AI to completely transform and revolutionise customer experiences in digital commerce. It has been said that the UAE doesn't just imagine the future, it builds it. The same accusation could be levelled at Daniel Wagner, Chairman and CEO of Rezolve AI. Wagner is a serial tech entrepreneur, who has a proven track record of building hugely successful technology companies since beginning his career back in the 1980's. He first came to prominence when he created MAID in 1984, which was one of the world's first online information services, and he eventually took the company public in 1994, whilst it was also listed on the NASDAQ in 1995. In 2001, he launched another hugely successful venture with the creation of Venda, which was a cloud-based enterprise-class commerce platform that he eventually sold to US IT behemoth Oracle. In 2003, he co-founded Attraqt, which was an e-commerce software company that he again took public on AIM in 2014, and sold to a private equity firm in 2019. Wagner was one of the first to recognise the benefits of packaging electronic information and data back in 1984, and 32 years later he could see the potential of conversational AI in providing a human touch to the digital commerce space. Wagner began the conversation highlighting the factors that led to the company's inception. 'When I started Rezolve, I was obviously bringing decades of experience, knowledge and an intrinsic understanding of how commerce and search all worked. It didn't come out of nowhere, the company was born out of my deep understanding of natural language processing, and my objective was very clear, and that was we wanted to create the best salesperson on the planet by leveraging the power of conversational AI. Instead of trying to create a wide, generic solution like ChatGPT we created a platform that was specifically tailored to enable online retailers to create the best salespeople in the world,' said Wagner. Wagner pointed to the main crux of the problem for online retailers and outlined how they are trying to resolve the problem pardon the pun. 'Look, when you go online to buy items, 70% of people drop out of the process. That is a huge number. However, when you go into a physical store then 70% of people buy something, so there is something fundamentally wrong in the online shopping experience. It is completely reversed and the difference between one or the other is 70%. The reason for that is very obvious. For example, if I ask my wife to go and buy me a mobile phone, she couldn't do it online because she doesn't know what an OLED screen is, she doesn't know what a MB is, she doesn't know the difference between iOS and Android. She doesn't know any of these things, but in an online environment then that's how these products would be presented to her. But if she went into a mobile phone shop and said, 'I need to buy a phone for my husband,' one or two questions would be asked of her, and then the salesperson would be able to sell her a phone,' said Wagner. Wagner stressed that the business model of Rezolve AI is engineered towards empowering online retailers to create what he described as the 'perfect salesman' through the use of natural language processing. 'We've developed our own language model, and it's essentially like a salesperson ready to learn about the retailer's products. That salesperson has sales techniques—it's trained on how to sell and close sales, how to discuss products and engage with customers in a way the very best human salesperson would in a physical store. We know it's going to be a market leader, and Google and Microsoft have also recognised that what we have is totally unique in this space, and that's why they have partnered with us. We haven't just jumped on the AI bandwagon either, we have been working on this since 2016 and have invested $130m during that period,' said Wagner. Wagner also added that Rezolve AI has a language model with products layered on top that allows them to go to any retailer in the world. 'We support 96 languages, so we can work with retailers in Arabic, Korean, Chinese, French, Spanish etc, and they can engage with us in their own language, and that is an extremely powerful capability to have when you are trying to humanise that online digital experience. We are levelling up commerce and that's the way I see it,' said Wagner. One of the many key differentiators of what Rezolve AI does is in relation to its ability to tackle hallucinations. 'There are plenty of companies out there in the marketplace saying they're providing AI solutions that allow some sort of conversational engagement with retail. However, crucially most of it is around customer service. When you're dealing with a product catalogue, there are real problems with Gen AI. If I'm a cosmetics retailer with 200 products, and say there is 100 fragrances for men and 100 for women, then these products could have names like 'Sauvage' and 'Beast.' The issue is the descriptions may say things like its smells like 'blackberries with sandalwood notes', but Gen AI doesn't understand that. There's no context. So, it hallucinates and gives wrong or nonsensical answers. At the end of the day, the propensity for hallucinations goes way up. Normally, Gen AI hallucination rates are about 3–4%. But with product catalogues, it's about 17%. We have spent nine years solving this hallucination problem in product catalogues, and that's what makes us really unique,' said Wagner. Wagner reiterated the importance and significance of their partnership with Google and Microsoft in terms of the market credibility it gives Rezolve. 'We have three patents on how we do what we do, and ultimately that's why tech giants such as Microsoft and Google are partnering with us. Microsoft is a massive leader in AI, and Google is the number one search company in the world—they're not going to partner with us unless we have something special, and we do. They're selling us into their customer base. We've got videos and references from both saying this, and crucially, we're the only ones who've been focused on solving this specific problem for the last nine years and that gives us a huge advantage,' said Wagner. The success of Rezolve AI since beginning to roll out their platform at the start of the year has been nothing short of staggering. 'The company went public in August 2024, but in April 2025, we got publicly listed on the NASDAQ after processing $50bn in sales through our technology in just the first 3 months of us going live with our platform. We started in January, before that we had almost no revenue. As the old saying goes, the numbers don't lie, and they certainly don't in our case. The success we have had is unprecedented really, and only serves to further reinforce how unique we are, and how we are going to be the global market leader in this space. From a standing start, over 41 million consumers now have our technology on their phones, in their apps. And we've improved conversion rates by 25% on the sites where we've been deployed, and that is astronomical,' said Wagner. Wagner said they are excited about the opportunities emerging all across the Middle East. He said the company is laying solid foundations in the Gulf, and hopes to be in a position very soon to announce a very significant customer in the region. When asked was he preparing the company to ultimately be acquired by a large tech company, Wagner insisted that they were only at the beginning of the journey. 'Look in all reality, I don't need to do this, I've had a hugely successful career. However, the fact remains that I am driven by a desire to build products that can totally transform and revolutionise industries. In relation to the question of us being acquired, it's a fair question. In the 1980s, I created the world's first digital information businesses, and then in the late 1990s and early 00s, I built one of the first cloud-based commerce platforms – and both of those were acquired by Oracle. Now, I'm building the future of retail interaction, but I see this as my career's pinnacle, and I'm totally energised by it all, and trust me, this is just the beginning of the journey,' said Wagner.
Yahoo
17-03-2025
- Business
- Yahoo
Exploring High Growth Tech Stocks In The US Market March 2025
Over the last 7 days, the United States market has dropped 4.4%, yet it remains up by 7.5% over the past year, with earnings projected to grow by 14% annually. In this context of fluctuating performance and optimistic earnings forecasts, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation potential and adaptability to changing market dynamics. Name Revenue Growth Earnings Growth Growth Rating TG Therapeutics 26.18% 36.69% ★★★★★★ Alkami Technology 21.98% 85.17% ★★★★★★ Travere Therapeutics 28.43% 65.01% ★★★★★★ AVITA Medical 27.78% 55.33% ★★★★★★ Clene 61.16% 59.11% ★★★★★★ Alnylam Pharmaceuticals 22.82% 58.64% ★★★★★★ Blueprint Medicines 22.38% 55.75% ★★★★★★ Applied Optoelectronics 58.93% 141.15% ★★★★★★ TKO Group Holdings 21.90% 25.17% ★★★★★★ Lumentum Holdings 21.55% 119.67% ★★★★★★ Click here to see the full list of 242 stocks from our US High Growth Tech and AI Stocks screener. We'll examine a selection from our screener results. Simply Wall St Growth Rating: ★★★★★☆ Overview: Rezolve AI Limited offers artificial intelligence solutions for the commerce sector and has a market capitalization of $332.05 million. Operations: Rezolve AI Limited generates revenue primarily from its Internet Software & Services segment, amounting to $0.15 million. Rezolve AI, with a forecasted annual revenue growth of 45%, is outpacing the U.S. market average of 8.4%, signaling robust potential in high-growth tech sectors. Despite its current unprofitability and shareholder dilution over the past year, the company's strategic initiatives, including a $1 billion Bitcoin treasury to support its upcoming AI-driven crypto payment platform, highlight its innovative approach to integrating AI and blockchain technologies. This bold move not only secures Rezolve AI's financial position but also aligns it with future digital economy trends, potentially revolutionizing global commerce through enhanced payment solutions and cryptocurrency integration. Take a closer look at Rezolve AI's potential here in our health report. Learn about Rezolve AI's historical performance. Simply Wall St Growth Rating: ★★★★★★ Overview: Blueprint Medicines Corporation is a precision therapy company focused on developing medicines for genomically defined cancers and blood disorders, with a market cap of $5.61 billion. Operations: The company generates revenue from its pharmaceuticals segment, totaling $508.82 million. Blueprint Medicines, amid a challenging landscape for biotech innovation, is making notable strides with a forecasted annual revenue growth of 22.4%, outpacing the U.S. market average of 8.3%. Despite being currently unprofitable, the company's robust pipeline and recent positive trial results for AYVAKIT® suggest potential future profitability, underscored by an impressive projected return on equity of 48.3% in three years' time. The firm's strategic focus on mast cell-driven diseases and advanced systemic mastocytosis treatments was highlighted at the recent AAAAI/WAO Joint Congress, demonstrating its commitment to addressing unmet medical needs through high-potential R&D investments totaling $508 million last year—a significant figure that underscores its dedication to innovation in biotechnology. Delve into the full analysis health report here for a deeper understanding of Blueprint Medicines. Understand Blueprint Medicines' track record by examining our Past report. Simply Wall St Growth Rating: ★★★★☆☆ Overview: CyberArk Software Ltd. is a company that develops, markets, and sells software-based identity security solutions and services globally, with a market cap of $16.70 billion. Operations: CyberArk Software Ltd. generates revenue primarily through its security software and services segment, which accounted for approximately $1 billion. The company operates across various regions, including the United States, Europe, the Middle East, and Africa. CyberArk Software, amidst a transformative tech landscape, has recently filed for a significant Shelf Registration and announced innovative collaborations that underscore its strategic focus on cybersecurity in the IoT and operational technology sectors. These initiatives are pivotal as CyberArk's revenue is forecasted to grow at 17.7% annually, outpacing the US market average of 8.4%. Despite current unprofitability, earnings are expected to surge by 47.23% annually over the next three years. The company's recent product launches and partnerships, such as with Device Authority for enhancing enterprise application security through Zero Trust principles, highlight its commitment to addressing critical cybersecurity challenges in increasingly digitized industries. This approach not only positions CyberArk at the forefront of high-growth tech but also aligns with industry needs for robust digital defense mechanisms in an era where cyber threats are escalating rapidly. Get an in-depth perspective on CyberArk Software's performance by reading our health report here. Gain insights into CyberArk Software's past trends and performance with our Past report. Get an in-depth perspective on all 242 US High Growth Tech and AI Stocks by using our screener here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGM:RZLV NasdaqGS:BPMC and NasdaqGS:CYBR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Globe and Mail
27-02-2025
- Business
- Globe and Mail
This Little-Known AI Stock Just Entered the Race to Become the Next MicroStrategy
In mid-2020, MicroStrategy ((MSTR) announced it would start holding Bitcoin (BTCUSD) on its balance sheet. MicroStrategy's Executive Chairman, Michael Saylor, is extremely bullish on Bitcoin and views the digital asset as a store of value. Today, MicroStrategy is the largest institutional holder of Bitcoin and owns more than 499,000 BTC, which accounts for 2% of the total supply. Bitcoin prices have risen by more than 800% in the last five years, while MSTR stock has returned 1,830%. MSTR's performance is tied to Bitcoin's, making the tech stock extremely volatile. For instance, BTC prices are down over 20% from all-time highs, while MicroStrategy shares have fallen by 44%. This shows that MicroStrategy stock is twice as volatile as Bitcoin. Rezolve AI (RZLV) is one little-known artificial intelligence stock that aims to replicate MicroStrategy's Bitcoin strategy. Let's see how. An Ambitious Bitcoin Plan Earlier this week, Rezolve AI announced plans to establish a $1 billion Bitcoin treasury program, beginning with an initial $100 million investment, as the AI commerce solutions company positions itself to launch a crypto payment platform later this year. The Nasdaq-listed company said the strategic move will directly support its upcoming crypto payment platform, which was developed in collaboration with stablecoin giant Tether. 'This is more than an investment – it's a statement of intent,' Daniel M. Wagner, CEO of Rezolve AI, said in a press release. 'We're not just embracing the future of finance; we're building it. Our $1 billion Bitcoin treasury is the fuel that will power our initiative with Tether, enabling seamless, AI-driven crypto payments for retailers and consumers worldwide.' The company framed its Bitcoin treasury initiative as a multi-faceted strategy for financial and commercial objectives. It expects the cryptocurrency to protect against inflation and currency devaluation. Later this year, Rezolve AI expects to launch what it describes as a 'revolutionary AI-powered crypto payment platform' developed with Tether, the company behind the world's largest stablecoin. What's Next for the AI Stock? The integration of AI with cryptocurrency payments represents an untapped frontier. By combining these technologies, Rezolve AI appears to be staking out territory in what could become an increasingly competitive space as traditional payment processors and fintech companies explore similar opportunities. Notably, Rezolve did not specify a timeline for reaching the $1 billion Bitcoin allocation target beyond the initial $100 million investment. According to analyst estimates, Rezolve AI's sales are forecast to increase from $260,000 in 2024 to $33.56 million in 2025 and almost $100 million in 2026. Moreover, its losses per share are projected to narrow from $0.17 in 2024 to $0.09 in 2025. Each of the four analysts covering RZLV stock has a 'Strong Buy' recommendation. The average target price for the AI stock is $6, indicating an upside potential of 200% from current levels.
