This article reflects how modern business is changing as it adapts to new technologies (Sourced: CNBC 18/9)
If you're involved in the music industry and wanting to utilise AI to assist in your decision making process, you need clean, certified, deep-linked music data - and lots of it. It's taken Jaxsta years to develop a dataset that includes over 115+million individual credits (Sourced: February Investor Presentation), and currently it's the only one available in the market of it's size.
Commercial API deals provide the ability for companies to 'use' a portion of this data for a monthly or annual fee. Currently there are 8 completed commercial API deals. The number of completed commercial API deals is slower than forecast, however delays have been attributed to the fact customers need longer to 'on board' the data than originally anticipated.
With approaches weekly and a full pipeline, Jaxsta reiterated in the September Investor Presentation they'll close enough deals by the end of this calendar year to generate at least $1,000,000 of Annual Recurring Revenue.
Displaying to the market they can monetise this asset will add significant confidence in, and value to, this business.
JXT Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
