ODDITY Acquires Intellectual Property and Elite AI Research Team to Accelerate AI Capabilities

Core Insights - ODDITY Tech Ltd. has acquired the tech intellectual property of Fionic, a fintech company specializing in advanced AI modeling for financial and consumer markets [1][2] - The acquisition aims to enhance ODDITY's existing AI capabilities and strengthen its position in AI-based algorithms for direct-to-consumer applications [2][3] - The integration of Fionic's elite AI research team is expected to accelerate advancements in predictive technology and improve consumer experience [3][4] Company Overview - ODDITY is a consumer tech company focused on disrupting the beauty and wellness industries through digital-first brands, serving approximately 50 million users with an AI-driven platform [5] - The company operates from New York City, with an R&D center in Tel Aviv and a biotechnology lab in Boston [5] Fionic Team Background - The Fionic team consists of elite AI researchers and data scientists with backgrounds in military intelligence, academia, and industry, bringing extensive experience in high-scale optimization and real-time AI deployment [4]