AIM 1.45% 35.0¢ ai-media technologies limited

Luke Winchester's 'Most Exciting Stock' on LiveWire today:...

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    Luke Winchester's 'Most Exciting Stock' on LiveWire today:

    WHAT’S YOUR MOST EXCITING STOCK CURRENTLY?
    AI Media Technologies (ASX: AIM)

    Market cap: $78 million
    Another small holding in the Merewether fund, Winchester recently took a small position in the provider of captioning services to media companies such as Channel 7, Channel 9, and Foxtel.

    When AIM floated, the firm was a “human labour business” but that has changed in recent years on the back of a 2021 acquisition. The US-based firm, EEG Enterprises, owns an automated captioning business that has improved the accuracy by almost 10% - at a fraction of the cost. As an example, Winchester notes live captioning of an event such as the latest US Super Bowl would traditionally cost around US$80 an hour.

    “Whereas AI media sells their automated captioning at $8 an hour, they're 10 times cheaper, as that accuracy is now overtaking humans.”

    https://www.livewiremarkets.com/wires/the-best-asx-micro-caps-you-ve-likely-never-heard-of
 
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