10 AI News Investors Probably Missed

6. Rezolve AI Limited (NASDAQ:RZLV)

Number of Hedge Fund Holders: 3

Rezolve AI Limited (NASDAQ:RZLV) specializes in e-commerce AI, offering a mobile-based platform that facilitates immediate transactions such as purchases, bill payments, and donations.

Rezolve announced the conversion of approximately $59 million in variable rate convertible loans into shares by the end of 2024, including $10 million with Yorkville Advisors. This move removes these liabilities from its balance sheet, highlighting investor confidence and providing financial flexibility. CEO Daniel M. Wagner stated the company enters 2025 with cash reserves and a strong balance sheet, focusing on scaling its AI-driven retail solutions, including Brain Commerce and Brain Checkout. He said:

“We enter 2025 with a robust balance sheet, cash reserves, and the agility to manage remaining obligations efficiently. This solid foundation allows us to focus on scaling our innovative AI-powered solutions.”