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SANTA MONICA, Calif., Sept. 30, 2024 /PRNewswire/ — The $500 billion sports industry is on the verge of a technological revolution. LootMogul, an AI sports tech startup, is leading this charge. Artificial intelligence (AI), fueled by machine learning (ML) and deep learning (DL), is poised to redefine fan engagement and unlock unprecedented revenue streams. Purpose-built, vertical AI solutions are emerging as the key to this transformation, offering tailored approaches that address the unique dynamics of the sports ecosystem.
Dr. Sarah Chen, a leading sports technology analyst, explains: “Vertical AI solutions in sports are game-changers. They’re not just generic AI applications retrofitted for sports; they’re built from the ground up to understand and enhance every aspect of the sports industry, from player performance to fan engagement.”
Founder, Raj Rajkotia envisions “a dynamic, interconnected sports ecosystem where AI empowers and generates new revenue for everyone,” fueled by collaboration with over 400 athletes, teams, brands, fans, and partners.
This commitment to collaboration is reflected in LootMogul’s platform, which is developing several AI capabilities that are emerging as game-changers for the sports industry:
The potential for AI in sports is vast, and the market is primed for disruption. The global sports technology market is projected to reach $40.2 billion by 2026, with AI and data analytics as key growth drivers. For investors seeking significant returns, the sports tech sector, particularly AI-driven platforms, presents an unprecedented opportunity.
LootMogul believes the future of sports is intelligent, immersive, and interconnected, and the company is dedicated to building the platform that will make this vision a reality. To learn more about LootMogul and its vision for the future of sports, podcast.
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SOURCE LootMogul
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