Myseum shares surge following AI rebrand

Investing.com -- Shares of Myseum are up over 270% on Thursday after the company announced a rebrand the prior night.

On Wednesday after close, Myseum, Inc. announced it is operating under the new name Myseum.AI, Inc., effective immediately.

The company said the rebrand reflects its focus on integrating proprietary artificial intelligence into its messaging and social media platforms. Myseum.AI is developing AI agents designed to help users manage personal media including photos, videos and messages while maintaining privacy, according to a press release statement.

The technology is designed to adapt to individual user patterns and preferences while maintaining data encryption. The company stated that user information is not shared with other social platforms and that the AI assistant learns from individual actions without sharing information with traditional AI models.

The company's stock will continue trading on Nasdaq under the ticker symbol MYSE following the name change.

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