DeepFake Software Stock Hits $25 Billion in Market Cap in 2017
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With the price of DeepFake software software stock hitting $25 billion, its market cap has reached $10.5 billion.
That is up from $4.5bn in 2016.
This news comes after the company’s CEO, Joseph Stromberg, announced the company was launching a new app, called the Deepfake app, which will provide deep, personal insight into its business, as well as offer an array of new product offerings.
The company has raised $8.5 million from venture capital firm Kleiner Perkins, and has plans to add 50,000 employees to help make the app even more popular.
In 2017, DeepFake’s stock jumped as much as 7.8% and its valuation reached $1.7 billion.
The Deepfake stock market cap is up nearly 15% to $6.8 billion.
It’s up more than $2 billion since the beginning of 2017.
The company was founded in 2010 and has raised more than US$4 billion.
The company is owned by DeepMind, an artificial intelligence research and development company, and is headquartered in London.
With the price of DeepFake software software stock hitting $25 billion, its market cap has reached $10.5 billion.That is up…