Use of artificial intelligence is booming

EQS-News: net digital AG / Keyword: Miscellaneous / Miscellaneous
net digital AG: use of artificial intelligence is booming
10.11.2022 / 09:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

net digital AG: use of artificial intelligence is booming

  • AI solution of the subsidiary company irisnet is establishing itself more and more in the market

  • New high-profile clients such as Quoka, theHubPeople and ICONY

  • Doubling of monthly content checks compared to the previous year

  • Regulatory framework drives the use of AI in the financial sector

Dusseldorf (November 10, 2022). net digital AG (ISIN: DE000A2BPK34, ticker symbol: VRL) is currently experiencing strong growth in its business activities in the field of artificial intelligence (AI), which are bundled in its subsidiary irisnet. In recent months, it has been possible to acquire reputable new clients who rely on AI from Net-Digital to control the digital content in almost real time. These include the advertising portal Quoka and community operators such as theHubPeople and ICONY, which operate a large number of dating portals in German-speaking countries as a white-label solution. In this way, the irisnet AI solution reaches a significantly larger number of end customers.

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For many newly acquired customers, Net Digital’s AI solution was able to outperform competing solutions from large companies or replaced them at the customer. According to the wishes of some customers, this should not stop at the examination of the imagery; the use of the AI ​​solution for video footage in real time is already being discussed. The increase in application possibilities also results from stricter regulations of the global credit card providers in the field of digital and mobile payment services. They are required to check the content of their customers for compliance with rules and laws.

The increase in market acceptance and the efficiency of the AI ​​solution from Net-Digital is also reflected by the dynamically growing number of content controls that are carried out with it. In the current year, they have already more than doubled compared to the same period last year. Currently, an average of 8 million pieces of content per month are analyzed in near real-time and checked for compatibility with the requirements of irisnet customers. In addition, net digital has already demonstrated the high scalability of its solution in the field of artificial intelligence in individual projects and successfully completed around 30 million content checks in a month. net digital believes that irisnet will continue to grow with its AI activities in the coming financial year.

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Theodor Niehues, CEO of net digital AG: “The market is becoming more and more aware of the technological and economic benefits of our AI solution. The dynamic customer growth and the constantly growing number of monthly content checks show us that we are just on the right track. one year after the launch of the solution. The growing market acceptance also gives us a significant headwind for new customers, as we can score with more and more well-known references. Due to our well-stocked pipeline, I expect some additional new customers by the end of the year and predict that we will perform a total of more than 120 million content checks in 2022. With the artificial intelligence division, digital has another sustainable growth driver that will unfold its full potential in the coming years”.

About net digital AG

net digital AG is a partner of many medium and large companies from the telecommunications, media and entertainment industries. It develops global and individually tailored digital payment solutions with a focus on digital content distribution via its own technology platform. Content distribution solutions focus on the areas of entertainment, music and videos. The approximately 250 international customers of net digital AG include, for example, large telecommunications and media companies as well as various public transport companies. Through its technology platform net digital AG reaches more than 100 million consumers. The shares of net digital AG are traded on the Frankfurt Stock Exchange under the symbol “VRL” (ISIN: DE000A2BPK34, WKN: A2BPK3).

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Contact net digital AG

+49 (0) 211 97 53 55-0
[email protected]

Contact Finance and Business Press for non digital AG

edicto GmbH
Ralf Droz / Axel Mühlhaus
+49 (0) 69 90 55 05-54
[email protected]

10.11.2022 CET/CEST Dissemination of a corporate news, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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