GoDaddy Launches AI-Powered Instant Video Capabilities
Portfolio Pulse from Nabaparna Bhattacharya
GoDaddy Inc. has launched an AI-powered instant video capability within its GoDaddy Studio app. The new feature is aimed at helping small business owners create video-based digital marketing and social commerce content. The app uses AI to auto-generate slogans based on the video clips or images users upload. GoDaddy's shares are trading lower by 0.38% to $70.72.
August 15, 2023 | 3:33 pm
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GoDaddy's new AI-powered video feature could potentially attract more small businesses to its platform, potentially boosting its revenues. However, the company's shares are currently trading lower.
The launch of the AI-powered video feature could make GoDaddy's platform more attractive to small businesses, potentially leading to increased usage and revenues. However, the immediate impact on the company's stock price is unclear, as shares are currently trading lower.
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IMPORTANCE 70
RELEVANCE 100