VANCOUVER, BC / ACCESSWIRE / January 7, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce the launch of a cryptocurrency token acquisition initiative to acquire decentralized AI ecosystem tokens.
This initiative aligns with the Company's strategic focus on advancing AI high-performance computing (HPC) solutions through its investment in Cedarcross International Technologies Inc. ("Cedarcross Technologies") and supports its mission of fostering next-generation AI computing infrastructure.
Key Highlights:
1. Purpose of the Token Acquisition Initiative:
The token acquisition initiative aspires to focus on acquiring tokens that support decentralized AI ecosystems, empowering Alset AI to actively participate in the governance, development, and scaling of decentralized AI technologies.
2. Token Selection:
The initiative intends to prioritize the acquisition of tokens that align with Alset AI's updated investment policy, as outlined in the Company's news release on December 23, 2024, with an emphasis on tokens enabling interoperability, data sovereignty, and scalable, high-performance computation supported by advanced infrastructure, such as graphic processing units (GPUs), within AI ecosystems.
3. Future Plans:
Potential participation in and contribution to decentralized AI networks by Alset AI and its portfolio companies, enabling access to unique datasets and offering their computing power to support the ecosystem.
Explore collaborative opportunities with blockchain projects to enhance the value of Alset AI's technology portfolio.
Evaluate token-based incentive mechanisms for Alset AI and its portfolio companies.
Management Commentary
"Our decision to launch a token acquisition initiative to acquire decentralized AI tokens is a forward-thinking step in our strategy to democratize AI computing infrastructure," said Adam Ingrao, CEO of Alset AI. "This initiative complement our cloud computing investment into Cedarcross Technologies by gaining exposure to decentralized technologies that aim to democratize access to AI solutions."
On behalf of Alset AI Ventures Inc.
"Adam Ingrao"
Adam Ingrao
Chief Executive Officer
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
For further information about Alset AI Ventures Inc., please contact:
Adam Ingrao, Chief Executive Officer
T: 778.223.8853
E: ir@alsetai.com
Neither 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.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements are identifiable by words such as "anticipates," "expects," "believes," "intends," "plans," "forecasts," "may," "will," "could," "should," or similar expressions. These statements include, but are not limited to, statements regarding the Company's cryptocurrency token acquisition initiative, its investment in Cedarcross International Technologies Inc., the anticipated benefits of participating in decentralized AI ecosystems, potential collaborations with blockchain projects, the exploration of token-based incentive mechanisms, and the scaling of decentralized AI technologies through token governance and participation. These forward-looking statements are based on the Company's current expectations, estimates, and assumptions, including, but not limited to: the continued growth and adoption of decentralized AI technologies; the Company's ability to identify and acquire suitable tokens that align with its investment strategy; the successful integration and synergy between decentralized AI initiatives and the Company's existing high-performance computing investments; the evolution of AI and blockchain technologies; and the ability of decentralized networks to deliver interoperability, data sovereignty, and scalable computation. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Key factors that could cause actual results to differ materially include, but are not limited to: challenges in identifying or acquiring targeted tokens; regulatory changes impacting blockchain or AI industries; technological hurdles in decentralized AI ecosystem development and token-based governance models; competition from other companies in the AI and blockchain sectors; economic and market conditions; and risks associated with the execution of the Company's strategic initiatives, including its cryptocurrency token acquisition strategy. Additional risks and uncertainties are outlined in the Company's filings with Canadian securities regulators. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed or implied herein.
SOURCE: Alset AI Ventures Inc.
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