JFrog To Acquire Qwak AI To Streamline AI Models From Development To Production; No Financial Terms Disclosed; JFrog Reiterates The Financial Guidance For Q2 And FY24 Provided On May 9, 2024
Portfolio Pulse from Benzinga Newsdesk
JFrog announced its acquisition of Qwak AI to enhance the transition of AI models from development to production. No financial terms were disclosed. JFrog also reiterated its financial guidance for Q2 and FY24 provided on May 9, 2024.
June 25, 2024 | 1:21 pm
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JFrog's acquisition of Qwak AI aims to improve the efficiency of AI model deployment. The company also reaffirmed its financial guidance for Q2 and FY24, indicating stability and confidence in its financial outlook.
The acquisition of Qwak AI is likely to enhance JFrog's capabilities in AI model deployment, which could lead to improved operational efficiency and product offerings. Reiterating financial guidance suggests confidence in meeting financial targets, which is positive for investor sentiment.
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