Gaxos.ai Inc. (NASDAQ:GXAI) shares rose 19.35% to $1.48 in after-hours trading on Thursday after expanding its Gaxos Labs platform with AI Music Generation, AI Chat and AI 3D Model Creation tools, aiming to boost user engagement, broaden its generative AI offerings and reinforce its AI growth strategy.
The announcement of the expansion was made after the markets closed on Thursday.
User Engagement Supports AI Strategy
Gaxos said the rollout enhances its platform across image, video, music and text-based AI tools, targeting consumer, creator and commercial users. The company said the rollout has already contributed to an uptick in user engagement across its AI portfolio following the feature expansion.
CEO Vadim Mats said the additions “significantly enhance” the platform’s breadth and support growing demand for generative AI tools.