Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Datametrex AI’s (DM) subsidiary Nexalogy is continuing work on the second phase of a $40M Canadian AI project
  • Marshall Gunter, CEO of Datametrex, sat down with Sabrina Cuthbert to discuss the news
  • SMART allows an analyst to deal with hundreds of thousands of social media documents in minutes rather than hours or days
  • Datametrex AI utilizes artificial intelligence (AI) to create solutions for the cyber security, telehealth, and electric vehicle (EV) verticals
  • Datametrex AI Limited (DM) opened trading at C$0.075

Datametrex AI’s (DM) subsidiary Nexalogy is continuing work on the second phase of a $40 million Canadian AI project.

The contract is on track to be completed in March 2023.

The project was first announced in January. The first phase of this contract has been completed.

Datametrex has been tasked to collaborate with its partner using Nexalogy’s Social Media Automated Reporting Technologies (SMART) to speed up time to investigate social media influencer activities.

Due to confidentiality requirements, the company is not permitted to provide details about the contract and the scope of work.

Marshall Gunter, CEO of Datametrex, sat down with Sabrina Cuthbert to discuss the news.

“This continued work signifies strong confidence in our cyber security technology as we continue to reach new milestones. We pride ourselves on the ability to maintain a technical advantage in the social media and cyber security realm and are pleased that the Canadian Government is as confident in our technology as we are. As we continue to expand Datametrex, we are thrilled to do our part in aiding the defence and cyber security of Canada.”

SMART reduces the time needed to interpret and integrate large sets of data by offering powerful automated analyses. SMART extracts the relevant data and produces automated reports, thus allowing clients to work with a more manageable information set. SMART allows an analyst to deal with hundreds of thousands of social media documents in minutes rather than hours or days.

Datametrex AI Limited is a technology-focused company using artificial intelligence (AI) to create solutions for the cyber security, telehealth, and electric vehicle (EV) verticals.

Datametrex AI Limited (DM) opened trading at C$0.075.


More From The Market Herald

" @ the Bell: Choppy starts to the week for the TSX

Canada’s main stock index closed lower in Monday trading, led lower by losses in the utility and telecommunications sectors.
Plurilock - CEO, Ian Paterson.

" Plurilock (TSXV:PLUR)’s Aurora closes asset-purchase agreement with Atrion Communications

Plurilock Security (PLUR) has completed the earlier-announced acquisition of certain assets and business of Atrion Communications.
The Market Herald Video

" Silver Bullet Mines (TSXV:SBMI) assays palladium and gold from Buckeye Silver Mine

Silver Bullet Mines (SBMI) has assayed significant quantities of palladium and gold in the mineralized material from its Buckeye Silver Mine in Arizona.

" Clip (TSXV:CLIP) named ‘2022 Best CashTech Start-up’ in Madrid

Clip Money (CLIP) was named Best CashTech Startup at the CashTech Innovation Awards at the Future of Cash Conference in Madrid, Spain.