GENERATIVE AI SOLUTIONS - $AICOF STOCK NEWS

Generative AI Solutions Corp. (GenAI) (CSE: AICO) (OTC: AICOF) appoints Patrick Gray as Chief Operating Officer, grants 500,000 stock options, and welcomes new independent director Jordan Crockett. Ryan Selby, CEO, expresses confidence in Gray's expertise and dedication.

Generative AI Solutions Corp. (GenAI) (CSE: AICO) (OTCQB: AICOF) announces the receipt of approximately $143,000 payment for AI compute equipment delivery to a third-party customer in Silicon Valley. The Company is now revenue positive with anticipated annual revenues of more than $850,000. GenAI is also working on expanding its compute offerings as per a memorandum of understanding (MOU) to procure and deliver approximately 17 million additional hours per year of AI compute time resources.

Generative AI Solutions Corp. (GenAI) has successfully installed and tested 350,000 hours per year of AI compute services for a customer, generating an initial invoice of approximately $143,000. The company aims to expand its services and infrastructure, signaling potential growth.

Generative AI Solutions Corp. (GenAI) provided a corporate update, stating that MAI Cloud Hosting Services will begin with the installation of new GPUs. The Equipment has been delivered and is currently being installed, with operations expected to start on or before November 6th, 2023. MAI Cloud anticipates receiving a deposit of approximately $84,000 and invoicing the Customer around $70,000 per month. If the Supply Agreement is completed in full, MAI Cloud could earn approximately $6 million in gross revenue with a gross margin of approximately $3.5 million. Additionally, GenAI has received the intellectual property assets from Metachain Technologies Inc. and is working on developing the AI Virtual Assistant App. GenAI Tobacco Inc., a subsidiary of GenAI, is developing the Tobacco Titan LLM, a customizable web-based application for the tobacco industry. The beta version has received positive feedback, and a paid version is expected to launch in Q1 of 2024. Lastly, Global AI Billing Corp., a subsidiary of GenAI, has acquired 10% ownership in Remitz, Inc., an AI-based system for medical billing. Remitz has filed 37 provisional patents and is partnering with medical channel partners to expand its customer base.

Generative AI Solutions Corp. announces MOU to sell 85 million AI compute hours over the next five years

Generative AI Solutions Corp. (GenAI) (CSE: AICO) (OTCQB: AICOF) has entered into an asset purchase agreement to acquire certain intellectual property assets from Metachain Technologies Inc., including the source code for an AI virtual assistant mobile application named 'SpeakGPT'. The total consideration payable by GenAI is $60,000 USD, settled through $50,000 USD in cash and 300 common shares of the Company Subco at a deemed price of USD$33.33 per common share, representing 30% of the issued and outstanding equity securities of the Company Subco.

AICOF - Generative AI Solutions Corp. announces its response to unsolicited news and marketing activities. The company clarifies that the recent increase in trading volume is a result of legitimate news releases and not false or misleading information.