Auddia shares are trading higher after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Portfolio Pulse from Benzinga Newsdesk
Auddia Inc.'s shares surged following the announcement that the USPTO awarded the company U.S. Patent 11,935,520 for its core AI technology used in the faidr app, which offers ad-free AM/FM radio stations to paid subscribers.
April 08, 2024 | 12:36 pm
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Auddia Inc. received a U.S. Patent for its AI technology, potentially boosting its faidr app's market position and attracting more subscribers.
The granting of a U.S. Patent not only validates Auddia's technology but also potentially sets it apart from competitors in the digital radio space. This could lead to increased subscriber growth and revenue, positively impacting the stock price in the short term.
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