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Tekcapital Shares Jump as Innovative Eyewear Files Patent For ChatGPT-Enabled Smart Eyewear

Sam Boughedda trader
Updated 12 Apr 2023

Tekcapital (LON: TEK) shares jumped Wednesday after Innovative Eyewear (NASDAQ: LUCY; LUCYW) announced it has filed a new patent application for ChatGPT-enabled smart eyewear.


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Shares of Tekcapital are currently up more than 8% at 17.9p, after initially hitting a high of 19p per share. However, in the last 12 months, it has declined by over 41%.

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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

The company explained that the software system covered by the patent application concentrates on one or more smart devices, which could include smart glasses, that operate with chatbots such as ChatGPT.

They explained that the application could provide a tool for obtaining a desired response from one or multiple chatbots.

“The invention accomplishes this by using an innovative technique for choosing from and prioritizing data that may be drawn simultaneously from a number of different chatbots or AI language models,” Tekcapital stated. “The invention allows for text, audio, and image data to be provided in response to user queries.”

Harrison Gross, CEO of Innovative Eyewear, said the company is the first smart eyewear firm to provide (patent-pending) artificial intelligence voice accessibility on Bluetooth-enabled eyewear.

“With our new Lucyd app, we are continuing to make eyewear more flexible and smarter than ever before,” he added.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.