Upon the introduction of a novel solution for its clientele, Beamr Imaging Ltd. (NASDAQ: BMR) experienced a significant rise in its stock value on the US stock charts on Tuesday. Following a relatively stable regular session that saw a modest increase of 0.46%, culminating at $4.40, BMR shares soared 45.49% after-hours to reach $6.40.
Beamr Cloud Solution In Oracle Cloud Marketplace
Beamr (BMR) has announced that its Beamr Cloud solution has attained the Powered by Expertise designation and is now accessible in the Oracle Cloud Marketplace. Leveraging NVIDIA’s accelerated computing capabilities, the solution offers Oracle Cloud Infrastructure (OCI) customers enhanced, AI-ready video processing capabilities. Beamr Cloud facilitates access to high-quality, rapid, and scalable video optimization and transformation, utilizing Beamr’s patented Content-Adaptive-Bitrate (CABR) technology.
Advanced Video Processing With NVIDIA GPUs
The integration of OCI with NVIDIA L40S GPUs provides robust AI computing power alongside advanced graphics and media acceleration. The L40S GPU features third-generation NVIDIA RTX accelerated ray-tracing technology and includes three encode and three decode engines.
Additionally, with the incorporation of AOMedia Video 1 (AV1) encoding, the L40S delivers 30% more efficient video encoding compared to the same hardware and software encoding H.264 format. This breakthrough enables significant performance enhancements and optimized total cost of ownership, allowing customers to convert videos into the emerging AV1 format.
As video usage proliferates exponentially, with most current videos based on the two-decade-old AVC/H.264 format, the swift and automated transformation to AV1 is set to modernize large-scale video libraries across AI, broadcasting, streaming, and user-generated content markets.
Strategic Partnership With Oracle Cloud
Oracle Cloud Marketplace serves as a comprehensive hub for Oracle customers seeking reliable business applications and services, offering unique solutions, including extensions for Oracle Fusion Cloud Applications. In an era characterized by rapid growth in video usage and the need to analyze video data for insights, data labeling, or monetization, Beamr provides a dual-efficiency solution combining high-quality and high-speed video compression and analysis, powered by Oracle Cloud and NVIDIA GPUs.
Beamr’s involvement in the Oracle PartnerNetwork (OPN) and its achievement of Powered by Oracle Cloud Expertise reinforces its commitment to the Oracle community, enabling customers to easily benefit from Beamr Cloud. This strategic alliance with Oracle Cloud is poised to facilitate Beamr in achieving its business objectives.
