FOXO Technologies Interim CEO Mark White Provides Letter To Shareholders Outlining New AI-Enabled Direct-To-Consumer Strategy And Immediate Expense Reductions
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies' Interim CEO, Mark White, has outlined a new strategy for the company, focusing on AI-enabled direct-to-consumer services and immediate expense reductions. The company plans to launch a subscription-based app leveraging AI, machine learning, and epigenetic data to enhance health and wellness. FOXO is also considering strategic alternatives, including the acquisition of complementary AI technologies and/or strategic sales of assets. The company is shifting its focus away from selling life insurance products and instead concentrating on its Bioinformatics Services offering.
October 06, 2023 | 12:34 pm
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FOXO Technologies is shifting its business strategy to focus on AI-enabled direct-to-consumer services and Bioinformatics Services. This could potentially unlock shareholder value and drive new revenue streams.
The new strategy outlined by FOXO's Interim CEO, Mark White, indicates a significant shift in the company's business model. By focusing on AI-enabled direct-to-consumer services and Bioinformatics Services, the company is positioning itself to tap into the growing demand for personalized healthcare and wellness testing. This could potentially unlock shareholder value and drive new revenue streams, positively impacting the company's stock in the short term.
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