What's Going On With Genius Group Limited Stock?

Genius Group Limited GNS shares are trading higher Wednesday. The company announced that it has entered into a joint venture partnership with Groove Digital, Inc. and Groove AI to deliver AI tools to GeniusU partners and faculty.

What To Know:

Genius Group and Groove Digital and Groove AI will form a joint ventur, Genius Groove, Inc., which will combine Groove Digital's tools and Groove AI's large language model engine with GeniusU's Partner Portal to create a new AI-driven SAAS platform.

CEO of Genius Group, Roger Hamilton, said "Groove Digital has supported the growth of hundreds of thousands of online entrepreneurs with their online business-building tools. We are excited to be joining forces to tailor these tools to the specific needs of online educators."

"There are many talented teachers that deserve to reach a global audience, and with Groove Digital's suite of products, together with Groove AI's content creation engine and GeniusU's global community of students, they will be able to easily and affordably."

Shares of GNS are moving higher on heavy trading volume. According to data from Benzinga Pro, more than 7.46 million shares have already been traded in the session, compared to the stock's 100-day average of 9.617 million shares.

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GNS Price Action: According to Benzinga Pro, Genius Group shares are up 19% at $1.05 at the time of publication.

Image: Gerd Altmann from Pixabay