EXCLUSIVE: Gaxos.ai Teams Up With TikTok Parent ByteDance To Supercharge AI Video Tools
Gaxos.ai Inc (NASDAQ:GXAI) on Tuesday announced that it finalized a deal with Byteplus, the Enterprise Technology Division of ByteDance. ByteDance is the parent company of short-form social media platform TikTok.
Under the agreement, Gaxos will receive preferred pricing and significant discounts on ByteDance's cutting-edge video generation models, enabling faster deployment of AI capabilities inside Art-Gen, Gaxos' flagship AI image and video creation platform that makes pro-grade content effortless for anyone, anywhere.
In addition to the preferred model pricing, BytePlus will provide Gaxos with early releases when available, creating a powerful alignment between the two companies and directly enhancing Gaxos' gross margins as adoption scales.
Lower Costs And Faster Growth In Creator Economy
This partnership positions Gaxos to accelerate market penetration in the booming multi-billion-dollar global creator economy by embedding state-of-the-art AI video tools into its ecosystem.
It reduces infrastructure costs, improves scalability, and strengthens the company's competitive advantage.
Vadim Mats, CEO of Gaxos, said that it is a significant step toward making Gaxos the go-to AI platform for both creators and enterprises.
AWS Support And Capital Plans Add Tailwinds
Gaxos shares recently got a boost after the company said Amazon.com Inc (NASDAQ:AMZN) Amazon Web Services agreed to fund early development of its AI-driven sales coaching platform.
The company is working with AWS partner Caylent to develop a real-time sales platform that will feature live call transcription, automated coaching insights, and post-call analytics.
Gaxos also recently launched a $3 million at-the-market stock offering through H.C. Wainwright, which will earn a 3% commission on gross proceeds.
GXAI Price Action: Gaxos.ai shares are up 6.67%, trading at $1.12 premarket at the time of publication on Tuesday.
Photo by Tang Yan Song via Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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