A Canadian AI stock to buy?

Fobi AI Inc (TSXV:FOBI) stocks jumped by more than two per cent on Friday, October 1, collecting a trading volume of 1.16 million.

The spike in the Canadian artificial intelligence (AI) company’s stock price came following a couple of corporate announcements.

Last week, on September 29, Fobi said has partnered with omnichannel cannabis company Kiaro Holdings Corp (TSXV:KO) to help it develop its data warehouse and real-time data analytics strategy.
Last Monday, the AI firm announced its plans to acquire some assets and liabilities of online coupon platform Qples Inc for a total price of about C$ 3.2 million along with up to another C$ 1 million earn-out.