AUUD - Why Auddia Stock Is Blasting Higher | Benzinga
Auddia Inc. (NASDAQ:AUUD) shares are trading higher Monday after the company announced the United States Patent and Trademark Office (USTPO) awarded the company a patent.
The Details:
Auddia announced the USPTO has awarded U.S. Patent 11,935,520 for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
"Although we have believed we were leading the AI space with important and patentable technology when we began the process of training our algorithm to deliver a premium ad-free AM/FM listening experience, there is a big difference between filing a patent application and having the application approved,” said Jeff Thramann, Executive Chairman of Auddia.
“Issuance of this patent validates our innovation and secures our AI for Audio technology as a proprietary platform we look forward to building upon to drive new innovations ...