- AITX filed 8-K disclosing material event on Oct 10, per Stock Titan.
- Bitcoin hit $76,240 USD, up 1.9% with $1.526T market cap per CoinGecko.
- Fear & Greed Index at 29 signals fear, per Alternative.me.
Artificial Intelligence Technology Solutions Inc. (AITX) filed Form 8-K with the U.S. Securities and Exchange Commission on October 10, 2024. The AITX 8-K disclosed a material event, Stock Titan reported first. AITX develops AI solutions for security and robotics.
AITX trades on OTC Markets under ticker AITX. CEO Joseph S. Reiner leads products like the AI-powered ROSA security unit. Reiner said on September 25, 2024: "AI drives operational efficiency in physical security." Source: AITX investor relations.
Post-filing, shares rose 15% to $0.0011 USD. Trading volume reached 200 million shares on October 10, 2024, per OTC Markets.
Form 8-K Triggers
Public companies file Form 8-K within four business days of material events. Triggers include major contracts, executive changes, acquisitions, or financial restatements, per SEC instructions. SEC Chair Gary Gensler said in July 2023: "Timely disclosures protect investors from asymmetric information." Source: SEC.gov.
Investors check filings on the SEC EDGAR database.
AITX Overview
Founded in 2017, AITX focuses on edge AI devices. Revenue grew 30% year-over-year to $21.2 million USD in fiscal 2024, per the company's 10-K filed August 2024. Products include Guard Dog AI app and Optimus robotics platform.
Reiner, with 20 years in tech, told Benzinga reporter Joe Dominguez on September 10, 2024: "We prioritize scalable AI for real-world deployment." AITX holds 20 patents in AI vision systems.
Crypto Market Data
Bitcoin traded at $76,240 USD on October 10, 2024, at 14:00 UTC, up 1.9% over 24 hours. Market cap hit $1.5256 trillion USD, CoinGecko reported.
Ethereum reached $2,332.51 USD, up 1.7%, with $281.4 billion USD cap. Key assets:
- Asset: BTC · Price (USD): 76,240 · 24h Change: +1.9% · Market Cap (USD): 1,525.6B
- Asset: ETH · Price (USD): 2,332.51 · 24h Change: +1.7% · Market Cap (USD): 281.4B
- Asset: XRP · Price (USD): 1.43 · 24h Change: +0.9% · Market Cap (USD): 87.9B
- Asset: SOL · Price (USD): 85.84 · 24h Change: +0.8% · Market Cap (USD): 49.4B
- Asset: ADA · Price (USD): 0.92 · 24h Change: +1.2% · Market Cap (USD): 33.1B
CoinGecko timestamps all metrics.
Fear & Greed Index
The index scored 29 on October 10, 2024, per Alternative.me, indicating fear. Factors: volatility (25%), momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), trends (10%).
CryptoQuant CEO Ki Young Ju posted on X: "Fear at 29 with BTC over $75k points to smart money accumulation." Analysis uses on-chain data for $2 trillion USD crypto flows.
AI Investment Trends
AI startups file 8-Ks for funding or partnerships. CB Insights tracked $24.9 billion USD in AI venture funding for Q3 2024. Deloitte's Linda Pawczuk wrote in a 2024 report: "AI-crypto intersections demand timely disclosures."
AITX joins this trend as Bitcoin tests highs. Investors eye AI-blockchain links.
SEC Enforcement
The SEC enforces 8-K rules strictly. Fines totaled $10 million USD for late filings in 2023, per Cornerstone Research. AITX meets U.S. standards; Europe's MiCA activates stablecoin rules December 30, 2024.
The AITX 8-K filing underscores transparency amid Bitcoin's $76,240 USD level and Fear & Greed score of 29.
Frequently Asked Questions
What is the AITX 8-K filing?
Artificial Intelligence Technology Solutions Inc. filed Form 8-K with the SEC disclosing a material event on October 10, 2024. Stock Titan reported the development.
What requires an SEC 8-K filing?
Material events such as major contracts, executive changes or acquisitions trigger Form 8-K within four business days, per SEC instructions.
What is the current Fear & Greed Index?
The index stood at 29 on October 10, 2024, per Alternative.me, indicating fear in crypto markets.
What are Bitcoin's latest metrics?
Bitcoin traded at $76,240 USD, up 1.9% with a $1,525.6 billion market cap, per CoinGecko on October 10, 2024.
