GHVI - Why Shares of Gores Holding VI Were Soaring Wednesday
Gores Holding VI (NASDAQ: GHVI) , the special purpose acquisition company (SPAC) merging with Matterport, was up 13.5% on Wednesday. Matterport announced a new partnership with Facebook 's (NASDAQ: FB) artificial intelligence (AI) research to make its dataset of 3D spaces available for academic research. Shares were up as much as 20% on the news.
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Matterport is making its Habitat-Matterport 3D Research Dataset (HM3D) free and available for all researchers to use and study under this deal. HM3D is a collection of high-resolution virtual indoor spaces, which according to Facebook and Matterport, have been lacking within AI research. Now, anyone who uses Facebook's AI research simulator can access HM3D to help train artificial intelligence and robots in 3D environments.
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Why Shares of Gores Holding VI Were Soaring Wednesday