STOCKS TELEGRAPH

Tag: NASDAQ:BMR

  • Beamr (BMR) Shares Surge After-Hours Following New Solution Launch

    Beamr (BMR) Shares Surge After-Hours Following New Solution Launch

    Upon the introduction of a novel solution for its clientele, Beamr Imaging Ltd. (NASDAQ: BMR) experienced a significant rise in its stock value on the US stock charts on Tuesday. Following a relatively stable regular session that saw a modest increase of 0.46%, culminating at $4.40, BMR shares soared 45.49% after-hours to reach $6.40.

    Beamr Cloud Solution In Oracle Cloud Marketplace

    Beamr (BMR) has announced that its Beamr Cloud solution has attained the Powered by Expertise designation and is now accessible in the Oracle Cloud Marketplace. Leveraging NVIDIA’s accelerated computing capabilities, the solution offers Oracle Cloud Infrastructure (OCI) customers enhanced, AI-ready video processing capabilities. Beamr Cloud facilitates access to high-quality, rapid, and scalable video optimization and transformation, utilizing Beamr’s patented Content-Adaptive-Bitrate (CABR) technology.

    Advanced Video Processing With NVIDIA GPUs

    The integration of OCI with NVIDIA L40S GPUs provides robust AI computing power alongside advanced graphics and media acceleration. The L40S GPU features third-generation NVIDIA RTX accelerated ray-tracing technology and includes three encode and three decode engines.

    Additionally, with the incorporation of AOMedia Video 1 (AV1) encoding, the L40S delivers 30% more efficient video encoding compared to the same hardware and software encoding H.264 format. This breakthrough enables significant performance enhancements and optimized total cost of ownership, allowing customers to convert videos into the emerging AV1 format.

    As video usage proliferates exponentially, with most current videos based on the two-decade-old AVC/H.264 format, the swift and automated transformation to AV1 is set to modernize large-scale video libraries across AI, broadcasting, streaming, and user-generated content markets.

    Strategic Partnership With Oracle Cloud

    Oracle Cloud Marketplace serves as a comprehensive hub for Oracle customers seeking reliable business applications and services, offering unique solutions, including extensions for Oracle Fusion Cloud Applications. In an era characterized by rapid growth in video usage and the need to analyze video data for insights, data labeling, or monetization, Beamr provides a dual-efficiency solution combining high-quality and high-speed video compression and analysis, powered by Oracle Cloud and NVIDIA GPUs.

    Beamr’s involvement in the Oracle PartnerNetwork (OPN) and its achievement of Powered by Oracle Cloud Expertise reinforces its commitment to the Oracle community, enabling customers to easily benefit from Beamr Cloud. This strategic alliance with Oracle Cloud is poised to facilitate Beamr in achieving its business objectives.

  • Beamr (BMR) Stock: Rising After A Video Modernization Move

    Beamr (BMR) Stock: Rising After A Video Modernization Move

    Shares of Beamr Imaging Ltd. (NASDAQ: BMR) are currently trading at $14.85, a notable 49.25% gain in the company’s stock price. The current session surge came in stock of renowned entity in the video enhancement sector when Beamr Imaging disclosed details of its inaugural stock offering. The firm initiated a public offering of 1,714,200 shares at $7.00 each. After factoring in underwriting expenses, the total earnings from the offering are anticipated to reach approximately $12 million.

    Beamr Imaging is making available all of its common shares, with the option for underwriters to purchase an extra 257,100 shares. The funds generated will be allocated towards various purposes such as operational expenses, cloud services, marketing, and research. The offering is expected to conclude on February 15, 2024, pending standard closing protocols.

    Beamr Imaging (BMR), a frontrunner in video optimization technology, is set to present collaborative research on automated video modernization with NVIDIA Corporation at the ACM Mile-High-Video 2024 conference in Denver, Colorado, from February 11-14, 2024. AOMedia Video 1 (AV1), backed by industry giants like Amazon, Google, and Microsoft, is an emerging video format known for its efficiency.

    However, its adoption faces hurdles due to the complex and costly process of upgrading existing video libraries, especially in burgeoning markets such as artificial intelligence, machine learning, streaming, and user-generated content. Today, Beamr and NVIDIA will unveil a proposed solution to address this challenge at the ACM Mile-High-Video 2024 conference.

    Despite the exponential growth in video consumption, many videos still rely on outdated formats like AVC / H.264, which predate the era of smartphones, AI, large screens, and high-speed internet. The joint research aims to spotlight the collaboration between Beamr and NVIDIA in facilitating the widespread adoption of AV1.

    They will outline an automated process to migrate video libraries and repositories to the new format, ensuring video quality optimization while utilizing NVIDIA’s hardware. This collaborative effort marks a significant step towards addressing the obstacles hindering the broader adoption of AV1 in the evolving landscape of digital media.