In a major stride towards redefining the landscape of artificial intelligence, UNITH (ASX: UNT) has achieved a significant milestone with the soft launch of its self-service Digital Human platform. The controlled soft launch, aimed at a select group of users and clients, has already demonstrated promising results, leading to an expansion of licences by existing clients and paving the way for UNITH to scale up its platform for a broader release in the coming months.
The cornerstone of this achievement is UNITH’s Digital Human platform, which allows users to generate their own digital humans without direct involvement from developers. UNITH’s CEO, Idan Schmorak, emphasised the importance of this development, stating, “These development milestones facilitate self-service functionality for the platform and we are delighted to now offer it to clients that have expressed interest in utilising our digital humans as an AI solution that can solve many common business needs.”
One of the key advantages of the Digital Human platform is the ability to customise the personalities and characteristics of digital humans, enhancing interaction quality. With the integration of OpenAI’s data and insights, digital humans can engage in open conversations, restricted conversations, guided conversations, and even deliver scripted messages through video. This flexibility opens up a myriad of applications across various industries.
During the soft launch, UNITH has witnessed a surge in interest from clients spanning different sectors. Notable applications include the deployment of digital humans in human resources, where they efficiently handle onboarding and recruitment functions. UNITH’s digital humans, powered by AI, can screen hundreds of candidates simultaneously, offering a level of efficiency unparalleled by traditional methods.
The Alliance for Public Health has embraced UNITH’s eSocial Worker, designed for both English and Ukrainian languages, incorporating recent advancements in HIV prevention. The platform’s versatility has attracted interest from health organisations in Europe and Central Asia, leading to ongoing talks for new national contracts.
UNITH’s strategic partnership with Union Avatars, integrating Digital Human capabilities with advanced 3D avatar technology, has opened new markets and commercialisation opportunities. This collaboration allows avatars lacking conversational functionalities to benefit from UNITH’s platform, expanding UNITH’s reach in the metaverse and augmented reality sectors.
The financial outlook for UNITH is promising, with revenue of $1.4 million for the December quarter, marking a 12% increase from the September quarter. The B2C Subscription Division has also contributed significantly, recording 453K new customer sign-ups and achieving a milestone of 800K total customer sign-ups on AI-subscription products. The division’s quarterly revenue increased by 8%, coupled with a 30% reduction in marketing costs.
Looking ahead, UNITH is gearing up for a broader release of its self-service platform in Q3 FY24. The company’s commitment to refining operational processes, investing in R&D, and exploring new commercialisation avenues to position UNITH as a key player in the evolving landscape of digital human technology. As the platform gains momentum, the potential for cost savings and efficiency gains is expected to attract a broader customer base, solidifying UNITH’s position as a leader in the digital human revolution.
Mitch Korver is a Business Writer focused on high-growth companies listed on the ASX in the small and medium cap space.
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