Auddia's AI platform for audio identification and classification
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Auddia Announces New Corporate Overview on Company Website
Prism Media Wireยท 2025-10-16 10:02
Core Viewpoint - Auddia Inc. is undergoing a restructuring to become a holding company focused on delivering AI and web3 capabilities to its portfolio companies, with a shift from a direct-to-consumer model to a B2B business model centered on AI-driven music discovery [2][3][5]. Group 1: Corporate Restructuring - Auddia has signed a non-binding Letter of Intent (LOI) for a proposed business combination aimed at restructuring the company [3]. - The new holding company will be named McCarthy Finney, honoring John McCarthy, the father of AI, and Hal Finney, a pioneer in digital currency [4]. - The company has secured the URL www.mccarthyfinney.com and reserved the NASDAQ ticker MCFN [4]. Group 2: Business Model Shift - Auddia is transitioning from a subscription-based direct-to-consumer business model to a B2B model focused on AI-driven music discovery [5]. - The updated corporate overview reflects this pivot and incorporates the ongoing restructuring activities [6]. Group 3: Upcoming Events - Auddia will present at the 19th Annual Main Event on October 21, 2025, at 2:00 PM PT, with CEO Jeff Thramann leading the presentation [7]. - A webcast is scheduled for the same date and time, allowing for virtual attendance [2]. Group 4: Product Offerings - Auddia's flagship audio superapp, faidr, aims to reinvent consumer engagement with audio content, including AM/FM radio and podcasts [8]. - The app features industry-first capabilities such as ad-free listening and content skipping across various audio platforms [10].