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Shares of artificial intelligence solutions company Robo.ai Inc. (AIIO) surged in pre-market trading on Thursday after the company’s wholly-owned subsidiary, Neurovia AI, released NeuroStream, a platform that can compress large volumes of visual data for companies to use during AI model training.
At the time of writing, AIIO stock was up more than 70% and on track for a fifth consecutive session of gains.
The company believes its platform can save storage space and reduce energy consumption, as the compressed data it produces retains quality and meets the standards required to feed an AI model. During internal testing, it found that NeuroStream compressed a 5.5-gigabyte video down to 278 megabytes, thereby reducing memory usage by about 95%.
“This visually lossless characteristic ensures that the substantially compressed data continues to provide a clean and complete data source for subsequent machine vision and AI computations,” the company said in a statement. “This approach lowers transmission and storage costs while precisely preserving the critical visual information necessary for AI computation, offering an effective solution to rising storage expenses.”
Data centers are among the top energy-consuming entities due to the intense computational processing required to power artificial intelligence. A platform that can shrink the size of raw data while maintaining quality can save AI companies time and resources and further enrich their AI models.
Neurovia plans to apply NeuroStream’s use cases to fields such as autonomous driving, robotics, smart cities, industrial AI, and global intelligent networks, lowering network bandwidth requirements and overall power consumption in data centers.
NeuroStream also works offline, can operate independently in isolated environments, and is compliant with the security standards of highly sensitive industries such as aerospace, medical imaging, and energy, the company said.
On Stocktwits, retail sentiment about AIIO remained ‘extremely bullish' amid ‘extremely high’ message volumes over the last 24 hours.
The rally also sparked bullish chatter among retail traders on Stocktwits. One user on the platform expects AIIO to become a double-digit stock.
Another user called the current rally in AIIO “another pre-market great run.”
AIIO stock has fallen more than 57% so far this year and more than 80% over the past 12 months, underperforming the S&P 500.
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