Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "iMining"), a leading publicly listed company, proudly announces the establishment of AiMining Technologies Inc. ("AiMining"), a subsidiary dedicated to the forefront of Artificial Intelligence ("AI") innovation. Leveraging iMining's expertise in technology and data analytics, AiMining is poised to play a pivotal role in shaping the future of the evolving AI landscape.
AiMining will consist of two key segments:
Research Division: Spearheading innovative research within the AI sector, this arm will collaborate with esteemed post doctorates, data scientists, universities, think tanks, non-profit associations, and government institutions. The goal is to drive advancements in ethical AI technology and contribute to the development of cutting-edge solutions that address real-world challenges.
Commercialization Division: Focused on market engagement, this arm will proactively interact with industry stakeholders to understand market requirements. It will also oversee the commercialization of responsible AI products developed by AiMining, ensuring a seamless integration of ground-breaking solutions into the market.
The integration of AiMining into iMining's technology portfolio represents a strategic move to enhance the company's capabilities and stay at the forefront of emerging technologies. AI will fit seamlessly into iMining's existing technological ecosystem, offering synergies that will further solidify the company's position as an industry leader.
Canada, renowned as a global leader in AI innovation, serves as the strategic launchpad for iMining's new venture. Canada boasts one of the most favorable regulations for innovation in AI, providing an environment that fosters creativity and technological advancement. The country's commitment to ethical AI development positions AiMining at the forefront of AI technology that not only empowers humanity but also provides a positive social impact.
Khurram Shroff, Chairman and CEO of iMining, expressed his enthusiasm for the Company's foray into the AI sector, stating, "Artificial Intelligence is poised to be a pivotal component of the second industrial revolution. With our rich history in technology and data analytics, iMining is well-positioned to contribute significantly to this transformative era. Our new subsidiary, AiMining Technologies, marks a strategic move to harness the potential of AI and drive innovation that will shape the future."
The establishment of AiMining aligns with the Company's commitment to staying at the forefront of technological advancements. As the world embraces the possibilities of AI, iMining is proud to take a leading role in shaping the landscape of a human-centric AI-economy.
About iMining Technologies Inc.
iMining Technologies Inc. is a publicly listed technology company which together with its subsidiaries acquires, builds, and manages future technology companies in Canada. The Company's industry specific technology businesses provide specialized and innovative solutions in future technologies and serves private sector markets. iMining Technologies Inc. is headquartered in Vancouver, Canada.
About AiMining Technologies Inc.
AiMining Technologies Inc., a subsidiary of iMining Technologies Inc., stands at the forefront of Artificial Intelligence (AI) innovation. Comprising a dedicated research arm focused on collaboration with esteemed institutions and a monetization arm geared towards market engagement, AiMining seamlessly integrates into iMining's technology portfolio and is committed to advancing responsible AI development.
ON BEHALF OF THE BOARD
Signed "Khurram Shroff"
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, CFO and Director
Email: investor@imining.com
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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