Alset AI Ventures Inc. reports developments tied to its role as an artificial intelligence venture company focused on strategic investment and cloud computing solutions. News for GPUSF includes portfolio transactions involving Lyken.AI, debenture and warrant financings, shares-for-debt settlements, and balance-sheet measures connected to its AI investment and infrastructure strategy.
Company updates also cover capital-structure actions, including its share consolidation, and public-market status across the TSX Venture Exchange, OTCQB Venture Market, and Frankfurt listing. Early-warning reports and insider-related securities transactions add recurring ownership and financing context to the company’s public disclosures.
Alset AI Ventures (OTC:GPUSF), an AI venture company focused on strategic investment and cloud computing solutions, has announced significant changes to its Board of Directors. The company has filed and mailed its management information circular for the upcoming annual meeting scheduled for August 26, 2025.
Two new independent directors have been nominated: Lisa Baird, current President and CEO of NextUp with extensive experience including board positions at Cantaloupe (NASDAQ:CTLP), and Vijay Mony, Founder and Managing Partner at Woodson Equity with significant private equity experience. Current directors Vikas Ranjan and Leighton Bocking will not seek re-election, with Leighton continuing in an advisory role. The board is expected to comprise five members following the meeting.
Alset AI Ventures (OTC:GPUSF) has completed the acquisition of the remaining 25% stake in Cedarcross Technologies, now operating as Lyken.AI, achieving full ownership of the AI cloud computing company. The transaction involved issuing 7 million common shares at a deemed price of $0.10 per share, totaling $700,000 CAD in consideration.
Lyken.AI, Alset's flagship Platform-as-a-Service compute platform, is preparing for a full-scale commercial launch this summer, which will include a new corporate website showcasing its capabilities, ecosystem partnerships, and infrastructure solutions. The company aims to address the growing demand for domestic AI compute capacity.
Alset AI Ventures (OTC:GPUSF) announced that its portfolio company, Henon Financial Technologies, has launched HenonGPT, the world's first zero-error AI toolkit for financial workflows. The platform is specifically designed for private equity and credit firms, enabling financial professionals to access verified company-level data without AI hallucinations.
HenonGPT utilizes a proprietary Model-Context-Protocol (MCP) layer to ensure precision and reliability in financial data processing. The full release is scheduled for July 28, 2025. Alset AI's CAD$250,000 investment in Henon, made in March 2025, aims to accelerate AI adoption in fintech while supporting infrastructure development.
Alset AI Ventures (OTC:GPUSF), an artificial intelligence venture company, has appointed its CEO Adam Ingrao to the Board of Directors, effective July 21, 2025. Ingrao, who joined as CEO in November 2024, brings extensive leadership experience from global organizations including Reebok, Ralph Lauren, and the NFL.
Prior to joining Alset AI, Ingrao served as President and CEO of Microcel Corporation from 2020 to 2024, where he secured partnerships with Google, Anker, and Starlink, and led the company's successful strategic sale. He previously held executive positions at Dorel Industries, managing global strategies for brands like Cannondale and Schwinn. The appointment is pending TSX Venture Exchange approval.
Alset AI Ventures (OTC:GPUSF) has received TSX Venture Exchange approval to amend the exercise price of approximately 20 million outstanding warrants. The warrants, originally issued in March 2024 with an exercise price of $0.25, will now have a reduced exercise price of $0.15.
The amended warrants include an acceleration provision requiring holders to exercise within 30 days if the company's share price remains at or above $0.1875 for 10 consecutive trading days. The warrants maintain their original expiration dates of March 15 and March 22, 2027.
Alset AI Ventures (OTC:GPUSF) has entered into a definitive agreement to acquire the remaining 25% stake in Cedarcross Technologies (operating as Lyken.AI) for $700,000 CAD through the issuance of 7 million common shares at $0.10 per share.
Upon completion, Alset AI will own 100% of Lyken.AI, a BC-based AI cloud computing company offering Platform-as-a-Service (PaaS) compute solutions. The acquisition follows Alset's initial majority stake purchase in February 2025. Lyken.AI plans to launch a new corporate website by Q3 2025 to showcase its platform capabilities and infrastructure solutions.
Alset AI Ventures (GPUSF) has announced a strategic partnership with Excel Computility Service through a subcontracting agreement dated May 28, 2025. The collaboration aims to enhance the Platform-as-a-Service (PaaS) capabilities of Alset's portfolio company, Lyken.AI.
Excel Computility will provide cloud computing hardware, support, and related services to Lyken and other third-party clients. Their infrastructure includes high-performance servers like Gigabyte G292-40/45 and Supermicro SYS-821GE-TNHR, equipped with 8 GPUs (H100, A100, or A6000). The partnership integrates Excel's advanced GPU clusters, AI-ready NAS systems, and data center expertise to meet growing AI compute demands.
Alset AI Ventures Inc. (GPUSF) has announced the strategic rebranding of Cedarcross International Technologies to Lyken.AI, positioning it as a next-generation platform-as-a-service (PaaS) provider for AI infrastructure solutions. The transformation includes full-stack infrastructure capabilities and plans for data centre expansion across North America.
Key strategic initiatives include partnerships with industry leaders like Super Micro, NVIDIA, and Earthmade, and a commercial collaboration with Silver Birch to build a sales pipeline. Lyken.AI plans to launch a new corporate website by Q3 2025 to showcase its platform capabilities and ecosystem partnerships.
This transformation aligns with significant market growth projections, as global AI infrastructure spending is forecast to grow from $46.15 billion in 2024 to $356.14 billion by 2032, representing a 29.1% CAGR, with North America leading the market.