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Rumble Shares Are Trading Higher Friday: What's Going On? - Rumble (NASDAQ:RUM)
Rumble Inc. (NASDAQ:RUM) shares are trading higher Friday after the company announced a partnership with Perplexity to integrate its AI-powered tools. What To Know: The collaboration will bring Perplexity's AI search technology to Rumble.com to improve video discovery for creators and viewers. The partnership also includes a bundled subscription combining Rumble Premium with Perplexity Pro and an advertising commitment from Perplexity to promote its new AI-based browser, Comet, to Rumble's audience. The integration will be rolled out progressively, with the subscription bundle and Comet promotion launching alongside the new AI-powered search features. Rumble CEO Chris Pavlovski said the company is "thrilled to partner with Perplexity" to enhance discoverability across its platform, while Perplexity Chief Business Officer Dmitry Shevelenko said the deal will help connect users with more relevant content. Investors have been bullish on artificial intelligence, a trend that has lifted many technology stocks this year. Rumble's move to integrate AI tools may be positioning the company to ride that momentum. Related Link: Taylor Swift's New Album Screening At AMC Theaters To Reshape Cinema Norms: 'Dancing Is...Very Much Encouraged' RUM Price Action: At the time of writing, Rumble shares are trading 18.88% higher at $8.789, according to data from Benzinga Pro. Image via Shutterstock RUMRumble Inc$8.7318.2%OverviewMarket News and Data brought to you by Benzinga APIs
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Why Rumble Stock Powered to a Nearly 16% Gain Today
The company is notably deepening its commitment to harnessing AI technology. Niche video streaming service and cloud computing company Rumble (RUM 15.83%) rumbled the stock market Friday but in the best way possible for investors. Its stock surged almost 16% higher on news of a business tie-up in the revolutionary artificial intelligence (AI) space. That pop felt especially impressive when matched against the flat performance of the ultimately sleepy S&P 500 index. Deepening integration with AI Shortly after market close on Thursday, Rumble announced that it was partnering with privately held Perplexity AI, a developer that has concocted an "answer engine" harnessing AI technology. The collaboration between the two will see them combine on several initiatives for Rumble, including souped-up search functions on its web portal and a new subscription for users that bundles the AI company's Perplexity Pro service. In the press release trumpeting this arrangement, Rumble wrote that it "addresses a fundamental product challenge in digital video: helping users discover relevant content in an increasingly crowded media landscape." It explained that "by integrating Perplexity's AI search technology into Rumble.com, the partnership aims to improve content discoverability for both creators seeking to reach their audiences and viewers looking for specific topics or discussions." Gradual uptake Rumble did not provide any financial details of its partnership with Perplexity AI. It did say the integration of the latter company's tech will occur in stages. Although it's tough to determine what effect the collaboration will have on Rumble's fundamentals, it feels like a sensible, potentially quite beneficial move to hone the company's competitive edge. Any enhancement to the user experience can make Rumble that much more "sticky" with the public.
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Rumble, a video streaming and cloud computing company, has announced a partnership with Perplexity AI to integrate AI-powered search technology into its platform. This collaboration aims to improve content discoverability and user experience.
Rumble Inc. (NASDAQ:RUM), a niche video streaming service and cloud computing company, has announced a significant partnership with Perplexity AI, a developer of AI-powered 'answer engine' technology
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. This collaboration marks a deepening commitment to harnessing AI technology in the digital video space2
.The partnership aims to address a fundamental challenge in the digital video landscape: helping users discover relevant content amidst an increasingly crowded media environment. By integrating Perplexity's AI search technology into Rumble.com, the company seeks to improve content discoverability for both creators and viewers
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.AI-Powered Search: Perplexity's technology will be integrated into Rumble's platform to enhance video discovery
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.Bundled Subscription: A new offering combining Rumble Premium with Perplexity Pro will be launched
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.Advertising Commitment: Perplexity will promote its new AI-based browser, Comet, to Rumble's audience
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.Rumble has stated that the integration of Perplexity's technology will occur in stages. The subscription bundle and Comet promotion are set to launch alongside the new AI-powered search features
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.The announcement of this partnership has been well-received by investors. Rumble's stock surged by nearly 16% following the news, significantly outperforming the S&P 500 index
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. This positive market reaction suggests that investors see potential value in Rumble's strategic move to incorporate AI technology into its platform.Related Stories
This partnership comes at a time when artificial intelligence is gaining significant traction in the technology sector. Many tech stocks have seen boosts due to AI-related developments, and Rumble's move appears to be positioning the company to capitalize on this trend
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.While specific financial details of the partnership have not been disclosed, industry analysts view this as a potentially beneficial move for Rumble. By enhancing the user experience and making content more discoverable, Rumble aims to increase user engagement and platform 'stickiness'
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