Welcome to our dedicated page for Alset AI Ventures news (Ticker: ALSCF), a resource for investors and traders seeking the latest updates and insights on Alset AI Ventures stock.
Alset AI Ventures Inc (ALSCF) is a strategic investment firm focused on advancing artificial intelligence infrastructure and cloud computing solutions. This page serves as the definitive source for all official company announcements, press releases, and market-moving developments.
Investors and industry observers will find timely updates on ALSCF's strategic investments in high-performance computing, cloud infrastructure partnerships, and emerging technologies like decentralized AI ecosystems. The curated news collection provides insights into the company's portfolio growth, including updates from Cedarcross Technologies and other key ventures.
Key content includes earnings announcements, technology partnerships, token acquisition strategies, and operational milestones across quantum computing and AI infrastructure sectors. All updates are sourced directly from company communications to ensure accuracy and compliance with disclosure standards.
Bookmark this page for streamlined access to ALSCF's latest strategic moves in democratizing advanced computing resources. Check regularly for updates on how the company navigates opportunities in AI hardware distribution, cloud service innovations, and next-generation technology investments.
Alset AI Ventures (OTC: ALSCF) has appointed Jaret Christopher as a strategic advisor to enhance the company's AI ecosystem. Christopher brings over 25 years of experience in SaaS, FinTech, CRM, MarTech, AI, and machine learning sectors. His most recent role was as General Manager and VP of CRM Software at WM Technology (NASDAQ: MAPS).
Christopher's notable achievement includes founding Sprout, a CRM and omni-channel marketing software platform that served over 500 clients across North America and reached a network of over 2 million consumers before being acquired by WM Technology post-IPO. CEO Adam Ingrao emphasized that Christopher's entrepreneurial insight and technical expertise will be valuable in implementing the company's strategy of building an AI-focused portfolio aligned with their cloud computing business.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a comprehensive marketing and investor awareness campaign through the engagement of three corporate awareness providers. The company, focused on AI and high-performance computing (HPC) solutions, aims to enhance its visibility and expand its shareholder base.
The company has engaged:
- i2i Marketing Group for a 6-month digital marketing campaign at USD $250,000
- Quantum Ventures for a 4-month media and awareness services contract at USD $100,000
- Fairfax Partners for a 2-month investor relations and marketing services agreement at CAD $75,000
CEO Adam Ingrao emphasized the company's commitment to delivering long-term value through leadership in AI HPC infrastructure and democratizing access to HPC resources. All agreements are subject to TSX Venture Exchange approval, with services commencing February 1, 2025.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) is advancing toward completing its previously announced acquisition of a 26% stake in Cedarcross International Technologies, which will bring Alset's total ownership to approximately 75%. The acquisition, currently in final due diligence stages, awaits TSX Venture Exchange approval.
In light of recent industry developments, particularly DeepSeek AI's claims of developing a more efficient large language model (LLM), Alset AI reaffirms its commitment to AI infrastructure development. The company emphasizes that despite advancements in model efficiency, the demand for high-performance computing infrastructure remains important for AI innovation. Alset AI is intensifying its investments in AI infrastructure, focusing on scalability, reliability, and cost-effectiveness of AI ecosystems through high-performance computing clusters and next-generation hardware optimizations.
Alset AI Ventures (TSXV:GPUS)(OTC:ALSCF) has filed an amended and restated Management's Discussion and Analysis (MD&A) following a continuous disclosure review by the British Columbia Securities Commission. The updated MD&A for the six months ended March 31, 2024, includes enhanced disclosures regarding:
- Period-to-period variations for the annual period ended September 30, 2023
- Comparison of intended use of financing proceeds
- Business operations and significant investments
- Debt settlements
- Consulting, management fees, and investor relations expenses
- Eight-quarter trend analysis
- Future expenditure commitments
- Related party transactions
- Accounting policies for investments in Cedarcross International Technologies and Vertex AI Ventures
Alset AI Ventures (OTC: ALSCF) has announced a delay in filing its audited annual financial statements for the year ended September 30, 2024. The company missed the required filing deadline of January 28, 2025, due to unforeseen delays following a recent change in bookkeeper, which has caused complications in the file transition and audit completion process.
The company expects to file the Annual Financial Filings by March 11, 2025. In response, Alset AI has voluntarily obtained a management cease trade order (MCTO) affecting only the CEO and CFO's ability to trade company securities. Other shareholders can continue trading normally.
Until the financial statements are filed and the MCTO is lifted, Alset AI will issue bi-weekly default status reports in accordance with National Policy 12-203.
Alset AI Ventures has announced strategic acquisitions in the cryptocurrency and decentralized AI computing sectors. The company acquired 12,868 io.net (IO) tokens at an average cost of approximately C$4.30 (USD$3.00) per token, gaining exposure to the world's largest decentralized AI computing network. The transaction was executed through WonderFi Technologies' Bitbuy platform.
Additionally, Alset AI purchased 185.2 Solana (SOL) tokens on January 14, 2025, as part of its strategy to diversify its balance sheet before the IO token acquisition. These investments align with the company's commitment to advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that promote technology democratization.
Edge Total Intelligence (TSXV: CTRL, OTCQB: UNFYF) has appointed Michael Ostrom, Managing Director of TrailRunner International, to its Industry Advisory Council. This marks the second addition to what will become a team of 5-7 advisors working with CEO Jim Barrett, who leads Forbes Tech Council's Digital Twin Group.
Ostrom brings over 20 years of experience in strategic solutions for engineering, transportation, and technology industries. He holds multiple patents related to behavioral, demographic, and spatial data applications, including work on predictive traffic models and traffic light prediction systems. His expertise spans autonomous vehicles, electrification, and digital transformation.
The Industry Advisory Council aims to accelerate the deployment of edgeCore™ digital twin solutions, enhancing situational awareness for commercial and government customers. Ostrom, a Yale School of Management alumnus and former CEO/CIO, will focus on advancing capabilities in engineering, transportation, and technology sectors while introducing new customers.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a strategic initiative to acquire decentralized AI ecosystem tokens. The initiative aligns with the company's focus on advancing AI high-performance computing solutions through its investment in Cedarcross International Technologies.
The token acquisition strategy aims to:
- Focus on tokens supporting decentralized AI ecosystems
- Enable participation in governance and development of decentralized AI technologies
- Prioritize tokens aligned with Alset's updated investment policy from December 23, 2024
- Emphasize interoperability, data sovereignty, and scalable computation supported by GPUs
Future plans include potential participation in decentralized AI networks, exploring blockchain project collaborations, and evaluating token-based incentive mechanisms.
Alset AI Ventures (TSXV:GPUS)(OTC:ALSCF) has expanded its investment policy to include decentralized AI, quantum AI, quantum computing, and cryptocurrency opportunities. The company aims to leverage these technologies through its flagship portfolio company, Cedarcross International Technologies, which provides Nvidia GPU-powered infrastructure for AI model training to SMEs.
Alset AI recently announced plans to increase its ownership in Cedarcross Technologies to approximately 75%, strengthening its position in AI cloud infrastructure. The company views these emerging technologies as interconnected components essential for next-generation AI development, focusing on creating accessible, powerful, and transformative solutions.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a strategic investment in Blueprint AI Technologies, acquiring an 11.56% equity stake for $150,000. Blueprint AI develops AI solutions for real estate, focusing on automating architectural drawing reviews and building code compliance. The deal includes a commitment for an additional $200,000 investment contingent on Blueprint AI raising at least $400,000 in its next financing round.
The partnership includes Alset AI serving as strategic advisor, with CEO Adam Ingrao appointed as Board Observer. Alset AI can receive up to 555,532 additional shares upon achieving specific milestones. The companies are exploring a potential alliance where Alset's portfolio company, Cedarcross Technologies, could become Blueprint AI's exclusive cloud computing provider.
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