EXCLUSIVE: Greenwave Tech Launches ScrapApp.com For Scrap Metal Industry with AI Pricing
Portfolio Pulse from Anusuya Lahiri
Greenwave Technology Solutions, Inc (NASDAQ:GWAV) has launched ScrapApp.com, a mobile application for the scrap metal industry. The app, which is initially focused on junk cars, will use AI to optimize profit margins. Greenwave plans to use its proprietary data to train a large language model for the $41.4 billion scrap metal industry. The company also plans to develop an AI quoting system for metal from construction and demolition projects, list the nearest scrap yards with their real-time prices, and introduce a points-based rewards system.
September 14, 2023 | 11:50 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Greenwave's launch of ScrapApp.com, an AI-powered app for the scrap metal industry, could potentially increase its competitive advantage and revenue streams. The app is expected to optimize pricing and offer real-time quotes.
The launch of ScrapApp.com could potentially increase Greenwave's competitive advantage in the scrap metal industry by optimizing pricing and offering real-time quotes. This could lead to increased revenues and market share for the company, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100