Technology Company Behind faidr App Secures Key U.S. Patent

The developer of a proprietary AI-powered platform that consists of the membership ad-deletion streaming solution for radio branded as faidr has actually been granted a U.S. patent for the core technology powering the smartphone app.

The information sent the company’s supply rising in pre-market trading on Monday.

Auddia Inc., which trades on the Nasdaq market as “AUUD,” has actually been granted “U.S. Patent 11,935,520” for its faidr-focused technology, which delivers ad-free program radio via streaming sound to paid subscribers.

That information immediately set off a purchasing spree for Auddia shares, which since 8:48 am Eastern were up by some $2.08 per share, to $3.51, on very energetic trading.

That’s a welcome higher tick for a business whose shares have remained in a free-fall since the third quarter of 2021, when trading was greatly over $60 per share and late June 2021 saw a brief run-up on share value to $185.

The last year has actually seen AUUD surface under $11 per share considering that late June 2023– after one more brief rally that took the supply from $9.50 on June 8 to $30.50 on June 12, just to drop back to $11.25 on June 22.

Hence, while shares were up 144% prior to the opening bell, there’s a long means to go for Auddia to bring lasting investors back to their preliminary dollar input degree.

Mentioning the license, Auddia Executive Chairman Jeff Thramann shared, “Although we have believed we were leading the AI area with essential and patentable technology when we started the procedure of training our algorithm to provide a premium ad-free AM/FM listening experience, there is a large distinction in between filing a patent application and having the application accepted. Issuance of this patent verifies our development and protects our AI for Audio innovation as a proprietary platform we eagerly anticipate structure upon to drive brand-new advancements on behalf of extra market first premium sound paying attention experiences.”

Along with an issuance of the patent, Auddia has taken the next step in progressing the provisionary patent application it submitted in 2014 related to leveraging AI to improve big language design (LLM) prompts and the domain certain expertise of exclusive GPTs.

Auddia claims that in February it transformed the previously submitted provisionary application to a non-provisional application. This conversion launches the procedure for the license office to evaluate the application as the next step in pursuing patent protection, the firm said.

And, As Auddia kept in mind in 2015 when filing the provisional application, the non-provisional license application introduces 2 considerable improvements to the LLM room. The firm says, the recommended patent insurance claims cover the growth of brand-new equipment learning formulas that use the abundant information integral in conversation discussions to learn how to optimize prompts to extra efficiently extract the finest outcomes from LLMs. Second, the patent covers capturing the AI generated prompt improvements and the enriched outputs of the LLMs to create brand-new GPTs with industry specific domain proficiency.

Auddia plans to use this modern technology to produce focused domain particular language models to present brand-new B2B and B2C sound experiences.

“As the technology landscape continues to accelerate, we continue to evaluate new technologies to determine how we can use them to present distinct capabilities and experiences for creators and consumers within the audio area,” Auddia CEO Michael Lawless stated. “We expect continued validation from the USPTO as we remain to introduce and invent.”