MobileX Gets CONX Investment for AI Wireless Platform
MobileX announced in a press release that CONX Corporation has made a strategic investment that gives CONX a controlling interest in the wireless carrier. Financial terms were not disclosed.
MobileX said the capital will be used to expand its AI powered technology platform, increase distribution, and support customer acquisition. The company uses artificial intelligence to predict customer data needs and recommend personalized wireless plans.
EchoStar founder, CEO and chairman Charlie Ergen, who also chairs CONX, and CONX CEO Jason Kiser will join the MobileX board of directors. MobileX offers customizable plans starting at $3.88 a month before taxes and government surcharges, with service available through its apps, website, Amazon, Walmart.com, Walmart stores, and independent dealer locations.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief, Enterprise AI Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 KP Labs raises €4.42 million for AI data processing in orbit Oct 15 Origin Raises $20 Million for Autonomous Construction Robots Oct 15 Symbe Raises $5.7 Million for AI Sales PlatformMore from Enterprise
Oct 16 ALTOUR Unveils AI Platform for Corporate Travel Decisions Oct 16 BOC Group Adds AI Assistant to ADOIT 21 Oct 16 Huawei Brings Upgraded Stellar Network Solution to Europe Oct 16 Element to Manage Waymo's Toronto Fleet for 2028 Launch Oct 16 CTM and Huawei Plan AI Network Security Upgrades in MacaoAI Funding Brief
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Flex Signs $2 Billion Axiom Investment Deal
ECARX Technology Reaches 12 Million Vehicles Worldwide
SuperX Launches AI Token Platform and Content Creation Apps
NewMed Energy deploys GeoIntelX AI for gas projects
Axya Raises C$17 Million for AI Procurement Platform
Daily AI Brief: the AI news that matters, in your inbox.