JX Luxventure plans to incorporate ChatGPT-type technology into its AI-based SAAS Solution

Rhea-AI Summary

JX Luxventure Limited (Nasdaq: JXJT), based in Haikou, China, announced plans to integrate ChatGPT-type generative AI technology into its existing AI-based SaaS solution. This development follows the adoption of the SaaS solution by Hainan Province's Cross-border Merchandise Association. CEO Ms. Sun "Ice" Lei emphasized the importance of this integration, highlighting the expertise of Liu Ze in Artificial Intelligence, IoT, and Blockchain. The company's focus on enhancing its offerings aligns with the growing demand for AI solutions in the luxury goods sector.

Positive

• Integration of ChatGPT-type AI technology into existing SaaS solutions can enhance product offerings.
• Partnership with Hainan Province's Cross-border Merchandise Association may expand customer reach.

Negative

• Potential risks associated with the integration of new technology into existing systems may impact implementation.
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News Market Reaction – JXJT

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-11.59% News Effect

On the day this news was published, JXJT declined 11.59%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAIKOU, China, Feb. 9, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise and B2B SAAS solutions, today announced its plans to incorporate ChatGPT-type of generative artificial intelligence technology into its AI-based SAAS solution.

Ms. Sun "Ice" Lei, Chief Executive Officer of the Company said: "Our AI-based SAAS solution is developed under the leadership of Liu Ze, an expert in Artificial Intelligence, Internet of Things and Blockchain.  Our AI-based SAAS solution is adopted by Hainan Province's Cross-border Merchandise Association to be used by all of its members.  Given the recent development in ChatGPT-type of generative artificial intelligence technology, it is only natural to incorporate that technology into our AI-Based SAAS solution.  I look forward to our IT team delivering the ChatGP-type of AI-based SAAS solution."

About JX Luxventure Limited

Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise and B2B SAAS solutions. To learn more about the Company, please visit its corporate website at en.jxluxventure.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company's periodic reports filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE JX Luxventure Limited

FAQ

What is JXJT's plan for integrating AI technology?

JXJT plans to incorporate ChatGPT-type generative AI technology into its AI-based SaaS solution.

When was the announcement made regarding JXJT's AI technology integration?

The announcement was made on February 9, 2023.

How will JXJT's new AI technology impact its business?

The integration aims to enhance product offerings and improve service for high-net-worth families.

Which association adopted JXJT's AI-based SaaS solution?

Hainan Province's Cross-border Merchandise Association adopted JXJT's AI-based SaaS solution.

What expertise does JXJT's AI solution development team possess?

The team is led by Liu Ze, an expert in Artificial Intelligence, IoT, and Blockchain.