EightCo Stock Jumps After Launch Of AI Authentication Pilot For Enterprises

Shares of EightCo Holdings (ORBS) surged in pre-market trade on Friday after the company announced the launch of a pilot program aimed at advancing AI authentication for enterprises.

EightCo’s stock rocketed by as much as 26% with retail sentiment on Stocktwits trending in ‘bullish’ territory amid ‘high’ levels of chatter over the past day.

The company said the new initiative will identify and develop innovative approaches to address emerging identity and verification challenges as enterprises scale their use of artificial intelligence (AI).

"With trillions of dollars being invested in AI, the lack of scalable human-proof authentication has become a critical enterprise challenge," said Chairman of Eightco Holdings and Managing Director at Wedbush, Dan Ives. He stated that the company has heard from many enterprise technology vendors over the last month looking for secure, verifiable identity solutions as they scale AI workloads and applications. 

Ives explained the new program will assess single sign-on capabilities and verification pathways to help companies secure AI workloads and applications in an increasingly digital environment.

The pilot comes as EightCo changed its ticker from ‘OCTO’ to ‘ORBS’ last month to reflect its pivot toward using Worldcoin (WLD) as its primary corporate treasury asset. The company announced a $250 million raise for WLD accumulation and set a target to acquire 800 million tokens as part of its ‘Power of 8’ initiative, which also aims to verify up to eight billion humans for seamless digital trust.

Worldcoin is best known for its ‘proof-of-humanity’ iris-scanning technology and is backed by OpenAI CEO Sam Altman. WLD’s price rose 7.8% in the last 24 hours, but retail sentiment on Stocktwits continued to trend in ‘bearish’ territory over the past day.

EightCo said it has already surpassed 17 million verified users. Through the enterprise pilot, the company aims to expand its corporate AI security footprint and move closer to its broader goal of global digital verification.

Read also: BNB, Solana Lead Decline Among Major Tokens As Bitcoin Consolidates Near $121K

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