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Firm Receives $100,000 from Amazon Web Services to Enhance AI Capabilities
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Source:

Vancouver-based Loop Insights will use the development funds to enhance its proprietary platform for brick-and-mortar retailers.

Loop Insights Inc. (MTRX:TSX.V) announced in a news release that Amazon Web Services gave it $100,000 to enhance and streamline the existing artificial intelligence (AI) functions of Loop's products.

"We feel that Amazon is clearly a global leader when it comes to data security and AI applications, so it is exciting that our product is being recognized and supported by them. These funds will expedite several critical processes surrounding data security and data architecture, which will keep Loop at the forefront of modern day AI capabilities," Loop CEO Rob Anson said in the release.

Loop's proprietary platform, which combines AI and the Internet of Things, allows brands and retailers to "connect their physical and digital assets regardless of hardware or information technology networks," the release noted. A beefed up version of Loop's offering would constitute an integrated solution for brick-and-mortar retailers.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Loop Insights, a company mentioned in this article.




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