Beamr to showcase AI video workflows at NVIDIA GTC By Investing.com

HERZLIYA, Israel – Beamr Imaging Ltd. (NASDAQ: BMR), a company specializing in video optimization technology, has announced its participation in the upcoming NVIDIA (NASDAQ:) Global Technology Conference (GTC). At the event, Beamr will present its integration of artificial intelligence (AI) workflows into its Beamr Cloud service, which is designed to facilitate advanced video processing.

The company’s announcement highlighted the challenges faced by AI startups and established firms in training large-scale video AI models, due to the complexity and size of video files. Beamr’s initiative aims to lower the entry barriers to advanced video AI capabilities by offering solutions that address issues such as slow training speeds, the need for extensive GPU resources, and high costs related to data storage and networking.

Beamr’s technology, which includes integration with NVIDIA’s 8th-generation GPU encoder, is engineered to accelerate AI video workflows and enhance pre-training, training, and inference capabilities in AI pipelines. The company’s recent technical paper demonstrated that machine learning workflows can benefit from compressed video files, which reduce storage requirements and costs without negatively impacting the training and inference results.

Last month, Beamr launched its Beamr Cloud service, which operates on Amazon (NASDAQ:) Web Services (AWS) and is powered by NVIDIA technology. The service targets various markets, including AI, user-generated content, autonomous vehicles, online video editing, and podcast platforms, offering high-quality video processing at competitive prices.

Beamr, which holds 53 patents and has received awards for its perceptual optimization technology, claims its solutions can reduce video bitrates by up to 50% while maintaining quality.

The information for this article is based on a press release statement from Beamr Imaging Ltd.

InvestingPro Insights

Beamr Imaging Ltd. (NASDAQ: BMR) is taking significant strides in the AI video optimization space, as evidenced by their upcoming presentation at the NVIDIA Global Technology Conference. The company’s focus on integrating AI into their Beamr Cloud service is a testament to their innovative approach to overcoming the challenges in large-scale video AI models. As they continue to make advances, here are some key metrics and tips from InvestingPro that may interest investors:

InvestingPro Data:

• The company’s market capitalization stands at a modest 103.21 million USD, which reflects its potential room for growth in the niche market of video AI.

• Beamr’s revenue for the last twelve months as of Q4 2023 is reported at 2.91 million USD, with a gross profit of 2.81 million USD, indicating a strong gross profit margin of 96.7%.

• Despite a challenging market, Beamr has experienced a significant 3-month price total return of 436.72%, showcasing a volatile but potentially rewarding investment opportunity.

InvestingPro Tips:

• Investors may note the company’s high Price / Book ratio of 10.06, which suggests that the market values the company’s assets quite aggressively relative to its book value.

• With an EBITDA growth of 15.05% in the last twelve months, Beamr is showing signs of underlying operational improvement, which could be a positive indicator for future profitability.

For those looking to dive deeper into Beamr’s financials and future projections, InvestingPro offers additional insights. Currently, there are 5 more InvestingPro Tips available for Beamr Imaging Ltd., which can provide a more comprehensive understanding of the company’s financial health and market position. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips.

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