ODDITY Tech launches telemedicine platform for AI-assisted treatment of skin diseases – third quarter drives stock increase of 23 %!
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ODDITY Tech (ODD) positions itself not primarily as a cosmetics company, but as a tech platform in the consumer goods sector. The business model is based on the use of AI, data science, and computer vision to revolutionize the traditionally offline-dominated beauty and wellness industry. In the third quarter, sales of the two brands IL MAKIAGE for cosmetics and Spoiled Child for skin and hair care products each saw double-digit growth. Co-founder and CEO Oran Holtzman now sees a "significant long-term market potential" for skin disorders in a large...
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