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Almawave Expands AI Capabilities with New Velvet Models and Strategic Investments

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Almawave Expands AI Capabilities with New Velvet Models and Strategic Investments

Meet Your ETF AI Analyst

Almawave S.p.A. ( (IT:AIW) ) has issued an update.

Almawave has made significant strategic investments in generative AI, releasing two new Velvet models, Velvet 25B and Velvet Speech 2B, aimed at enhancing multilingual and multimodal capabilities. These investments are part of a broader effort to strengthen partnerships and expand into international markets, positioning Almawave as a leader in sustainable and ethical AI development, compliant with European regulations.

The most recent analyst rating on (IT:AIW) stock is a Buy with a EUR5.00 price target. To see the full list of analyst forecasts on Almawave S.p.A. stock, see the IT:AIW Stock Forecast page.

More about Almawave S.p.A.

Almawave S.p.A. is an Italian company listed on the Euronext Growth Milan market, part of the Almaviva Group, and operates in the Data & Artificial Intelligence sector. The company focuses on developing AI solutions, particularly in the realm of generative AI and large language models, with a market focus on strategic sectors such as Public Administration, Health, Finance, Transport, and Industry.

Average Trading Volume: 60,775

Technical Sentiment Signal: Buy

Current Market Cap: €128.6M

See more data about AIW stock on TipRanks’ Stock Analysis page.

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