invests to form AI startup

Being AI

10/06/2024 24:50

** Shares of Being AI  BAI.NZ  fall as much as 1.25% to
NZ$0.079, their lowest level since April 30
    ** Co says it co-invested into Tymestack.ai Pty, an
Australia-based AI startup, by taking 50% equity position
    ** Says aggregate cost of investment is A$1.5 mln 
($986,850.00)
    ** Stock on track for a fourth session of fall
    ** Stock had risen more than five times this year, as of
last close

($1 = 1.5200 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))