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Alert: 30% YoY Growth in Taoping's July 2024 Total Contract Revenue Value Driven by Strong Demand for AI-Based Products
Taoping Inc. (TAOP) reported a total contract revenue value of approximately RMB 27.4 million (USD $3.8 million) for July 2024, representing a 30% growthcompared to July 2023. This growth is primarily driven by strong demand for the company's AI-based products. CEO Lin Jianghuai expressed confidence in future revenue growth opportunities, citing both macro trends in AI demand and Taoping-specific catalysts.
Taoping's enhanced AI-powered Smart Terminals offer efficiency, customization, and engagement features, making them attractive to businesses aiming to optimize operations and enhance customer interactions. These terminals facilitate rapid interaction, data collection, analysis, and personalized content delivery, providing valuable insights for informed decision-making.
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